The Automotive Sector in Spain

Key Factors

We have broken down the essential information to help you understand the impact of automotive on the Spanish economy.

In the last 5 years, Spain was the 2nd most preferred European destination for multinationals for new automotive projects.
Spain is the 2nd largest vehicle manufacturer in Europe and ranked 9th worldwide in 2021.
The automotive sector provides nearly 2 million jobs throughout the country, being an important generator of employment in many regions, beyond the big cities.
The turnover of the automotive industry represents 10% of the Spanish GDP.
The automotive industry is responsible for 18% of Spain’s total exports.
Spain’s most popular export destinations for this sectors are the UE, Turkey, Morocco, Egypt, and the U.S.

The success of Spain’s automotive industry export is also due to its geographical distribution on the country:

Spain hosts 17 car production plants, 15 technology centres, and 10 automotive clusters.
The automotive sector is well developped in Spain’s main cities: Madrid, Barcelona, Balencia, Zaragorza, Sevilla, Pamplona, Avila, Valladolid, Palencia, Vigo, Santander, Vitoria.

Want to know more about other Spanish sectors? Please check out Foreign Direct Investment in Spain, or visit the ALTIOS Spain website.