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Business Sweden in Spain

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Spain is one of the fastest growing economies in the Western world with a forecasted annual growth of 2-3% until 2021. Together with an increased industrial productivity this creates interesting business opportunities for Swedish companies.

Spain, with 47 million inhabitants, is the 14th largest economy in the world. More than two thirds of the country´s trade takes place within the EU and due to historical and cultural reasons, South America is a major market as well. There are close to 500 native Spanish speakers in the world and Latin American countries often consider Spain as a model of development and therefore a natural trading partner. A series of reforms have been implemented to improve the investment climate which is now being reflected in the country's economy.

Spain’s GDP increased by 3.1% in 2017 and set to grow by 2% on average until 2021. The country is the 6th most attractive destination for foreign direct investments in Europe and 17th in the world. Spain is also the 5th largest recipient of greenfield projects in Europe.

Swedish companies have been present on the Spanish market for many years and there are more than 400 established subsidiaries. With good relations between the two countries, together with Swedish companies´ good standing in Spain, there is a strong demand for Swedish goods and services. Spain is Europe's fifth largest economy and has a growing import. In 2017, Sweden's exports to Spain grew by 8% over the previous year and amounted to 25 billion SEK.

Business Sweden has been operating in Spain for over 30 years. By having established strong networks and clusters in sectors such as ICT and medical technology we enable knowledge exchange and business collaborations to promote Sweden's competitiveness. The office is located in Madrid and currently consists of a team of eight employees who cover both the Spanish and Portugese market.

The Swedish brand is strong in Spain and we see great potential for Swedish companies with different types of efficiency-enhancing ICT solutions within both private and public sector. Other important sectors are aerospace and automotive, telecommunications and medical technology, and there are also increased activities and good moment for company acquisitions.

The Swedish brand is strong in Spain and we see great potential for Swedish companies with different types of efficiency-enhancing ICT solutions within both private and public sector. Other important sectors are aerospace and automotive, telecommunications and medical technology, and there are also increased activities and good moment for company acquisitions.

Contact us to learn more about Spain as an export market and how we at Business Sweden can help with counselling, market analysis, partner search, company establishment and other operational support to make your business successful in Spain.

Spain, with 47 million inhabitants, is the 14th largest econmoy in the world. More than two thirds of the country´s trade takes place within the EU and due to historical and cultural reasons, South America is a major market as well. There are close to 500 native Spanish speakers in the world and Latin American countries often consider Spain as a model of development and therefore a natural trading partner. A series of reforms have been implemented to improve the investment climate which is now being reflected in the country's economy. 

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Malin Svensson

Trade Commissioner to Spain, Country Manager Spain and Portugal Madrid Trade Commissioner to Spain, Country Manager Spain and Portugal, Madrid
+34 91 444 26 00
E-mail malin.svensson@business-sweden.se