In 2017, Spain was Canada’s ninth largest merchandise export market in the European Union (EU) with total Canadian exports reaching CAD 1.6B. Canada and Spain have an established and growing trade and investment relationship despite Spain’s low emergence out of the EU financial crisis in 2010. Trade is of high importance to Spain and the potential for Canadian companies is strong given the size of the market. Priority sectors include ICT, infrastructure (power generation, rail, roads) and renewable energy and aerospace. Spain’s economy remains strong and is set to continue outperforming its regional peers. Solid growth will be driven by improving domestic demand amid strong labour market performance and positive sentiment and improving credit conditions. Canadian exports to Spain will continue to get a boost after the Canada-European Union Comprehensive Economic and Trade Agreement (CETA) comes into effect.
- Construction & Infrastructure
- Oil and Gas
- Plastics and Chemicals