Europe ยท Country profile
Spain
India-Spain trade corridor: $9.1B bilateral trade, $7.7B FDI into India.
$9.1B
Trade with India
+7.6% YoY
$1.72T
GDP
Nominal
$7.7B
FDI into India
Cumulative
-$0.4B
Trade balance
India deficit
Top exports to Spain
- Textiles and apparel
- Auto components
- Pharmaceuticals
Top imports from Spain
- Fertilisers
- Scientific instruments
- Machinery
Trade corridor with India
2025: $9.1B ยท 5-yr CAGR 13.1%
Goods trade in USD billion, illustrative demo figures.
Latest Spain stories
Trade3h ago4 min read
India-Spain bilateral trade hits a new quarterly high
FDI6h ago5 min read
Spain investors commit fresh capital to Indian manufacturing
Policy9h ago6 min read
Revised tariff schedule for India-Spain goods notified
Technology12h ago7 min read
India and Spain deepen cooperation on digital and AI standards
Policy and tariff watch
| Measure | Change | Status | Date | Alert |
|---|---|---|---|---|
| Import duty on engineering goods | 2% to 1% | In force | Jan 2026 | |
| Rules of origin certification | Digital certificates mandatory | Notified | Mar 2026 | |
| Pharma regulatory recognition | Mutual recognition under review | Consultation | Jun 2026 | |
| Agri products SPS standards | Revised residue limits | Proposed | Sep 2026 | |
| Trade agreement round | Round 3 of negotiations | Negotiating | Dec 2026 |
Upcoming events and delegations
Forum
India-Spain Business Forum
Mar 2027 ยท New Delhi
Delegation
Trade delegation to Spain
Nov 2026 ยท Spain
Buyer meet
Spain buyers-sellers meet
Dec 2026 ยท Mumbai
Policy
Joint working group on market access
Feb 2027 ยท Virtual
Opportunity sectors
๐ปS22Electronics & IT & Components10% projected demand growth๐ณS27FinTech & Digital Payments20% projected demand growth๐S32Global Trade14% projected demand growth๐S37Logistics & Supply Chain22% projected demand growthโ๏ธS42New and Renewable Energy26% projected demand growth๐S47Power17% projected demand growth