One time in the world's history, Spain ruled with
significance and authority. Her royalty married other monarchs to seal
alliances, and explorers sailed across oceans to claim new lands for her crown.
Centuries ago it boasted the most awed naval fleet in the world, yet these days
Spain exerts power through a fortunate position along the Iberian Peninsula and
strong trade ties with neighboring European countries.
Spain's victory in the 2010 World Cup is but one achievement
this country holds. As the eighth largest economy in the world-the fifth in the
European Union-Spain enjoys a public debt that is relatively lower than other
countries and a growing economy bolstered by tourism and real estate. With its
strong banking system and abundance of natural resources, this Iberian gem is a
proven, valuable trade partner through Europe, with Germany and France as the
country's top partners.
Top Exports of Spain
Consumers in the United States may be surprised to know of
the wealth of products and materials available from Spain. Because the US only
imports on average four percent of the country's total export, however, it may
not appear as prominent. In truth, Spain has much to offer to the world. Some
of their top exports include:
Motor vehicles -
SEAT, the largest auto manufacturer in the country, is part of the Volkswagen
Group. The majority of SEAT models are shipped within Spain and throughout
Europe, Africa, and Central and South America.
Pharmaceutical
products - The country's decentralized health system may account for the
quality in health care products. Almirall, the Esteve Group, and Wyeth (now
part of Pfizer Group) are among top companies exporting medicines.
Fashion/Apparel -With
nearly 3000 textile companies in the country, Spain is a force in the European
fashion and footwear industry. Camper Shoes, for one, enjoys a celebrity
following around the world.
Wine - Fifteen
percent of the world's vineyards are located in Iberia, putting Spain third in
European wine production behind France and Italy. Popular vintages include
Tempranillo, Grenache, and Monstrell.
Foodstuffs -
Spain is a large exporter of olives, vinegar, pork products, and traditional
Spanish pastries. Chupa Chups, the globally known brand of novelty candy, is
also based in this country.
With a vibrant history and influence that is felt throughout
the world, Spain continues to dominate in other ways. As the economy grows to
surpass bordering nations, one might find this country will explore new
territory in trade once again.