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Trade Guide: Spain

Spain is Mexico's natural partner by language and culture. Leverage the EU-Mexico FTA and strong bilateral investment.

Key trade data

USD $8B

Annual bilateral trade

#2

European investor

EU-MX FTA

Trade agreement

Language

Cultural advantage

Bilateral trade relationship

Spain and Mexico share cultural and linguistic ties that facilitate trade. With USD $8B in bilateral trade, Spain is a major investor in Mexico (banking, telecommunications, energy). The EU-Mexico FTA grants tariff preferences.

Top exports from Mexico

Petroleum

Chapter 27

USD $1.5B

Auto parts

Chapter 87

USD $800M

Agricultural products

Chapter 8

USD $500M

Tequila and mezcal

Chapter 22

USD $300M

Electronics

Chapter 85

USD $250M

Top imports from this country

Machinery

Chapter 84

USD $800M

Pharmaceutical products

Chapter 30

USD $600M

Olive oil

Chapter 15

USD $300M

Wines

Chapter 22

USD $250M

Tiles and ceramics

Chapter 69

USD $200M

Trade agreements

EU-Mexico FTA

EU-Mexico treaty with preferential tariffs for European-origin products.

Bilateral investment

Over 6,000 Spanish companies operate in Mexico, especially in banking and energy.

Key regulations

  • EU-Mexico FTA: Rules of origin with EUR.1 certificate
  • AEMPS/COFEPRIS for pharmaceutical products
  • Protected Spanish designations of origin
  • Foreign investment regulations
  • Sanitary standards for food

Logistics and transport

Maritime

Transit time: 14-20 days

Main ports

  • Barcelona
  • Valencia
  • Algeciras
  • Veracruz
  • Altamira

Air

Transit time: 10-12 hours

Main ports

  • Madrid Barajas
  • Barcelona El Prat
  • Mexico City AICM

Business cultural tips

  • Shared language is a great advantage — but watch for false cognates
  • Spanish schedules differ — lunch at 2pm, afternoon meetings
  • Personal relationships are very important for closing deals
  • Treatment is more informal than with other Europeans
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Frequently asked questions