5.2 million jobs depend on exports, Spain's foreign trade dependence reaches ten-year high

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智通财经2026/07/20 13:46

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According to data from the Spanish National Statistics Institute, in 2024, approximately 24% of jobs nationwide depend on the export of goods and services, involving about 5.2 million people. This proportion is basically unchanged from the previous year but represents a significant increase of about 35% compared to a decade ago, highlighting the continuously rising importance of foreign trade for the Spanish labor market.
In terms of industry distribution, the trade, transportation, and hotel & catering sectors absorb the most export-related employment, totaling 2 million people. Manufacturing follows closely, providing about 1.1 million positions. Together, these two sectors account for roughly 60% of export-related employment.
In terms of the impact of export destinations on domestic employment, France, Germany, and the United Kingdom rank as the top three, collectively associated with around 2 million jobs, reflecting the high degree of connection between the Spanish economy and core European markets.
Regarding value added, about 72% of the value of Spain’s export goods and services is created domestically, with the remaining 28% coming from abroad. This share is slightly higher than in 2023. The total domestic value added related to exports is approximately 342.3 billion euros, accounting for 21.5% of GDP, a slight decrease from the previous year.
Manufacturing remains the department with the largest contribution to domestic value added, at about 149 billion euros. Trade, transportation, and hotel & catering total approximately 107.1 billion euros, and the information and communications sector about 25.9 billion euros, while real estate and construction contribute the least.
By country, exports to France bring the highest value added to the Spanish economy, about 45.8 billion euros, accounting for 2.9% of GDP. Germany, the United Kingdom, and Portugal follow closely, indicating that the value chain of Spain’s foreign trade remains highly concentrated in the European region.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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5.2 million jobs depend on exports, Spain's foreign trade dependence reaches ten-year high

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