BROWSE THROUGH OUR TRADE FAIRS IN SPAIN FOR AUTOMOBILE - AUTOMOTIVE INDUSTRY INDUSTRY

Spain is Europe’s second most extensive vehicle manufacturer. It is also the ninth most expansive in the global automotive industry. This is because sector is one of the country’s central economic segments. The automotive sector of Spain generates 9% of the state’s total employment. This is due to the automotive industry employing approximately 2 000 000 specialists. This is due to the segment being a pivotal employment generator in many regions of the country. Such include Navarro, Catalonia, and Aragon. As a result, the automotive industry of Spain features seventeen car production plants and ten automotive clusters. Also, it comprises fifteen technological centres. There are likewise 1 000 manufacturing component and equipment enterprises. Such enterprises result in a high turnover. For instance, the vehicle external trade surplus of the country reached 18 900 000 000 EUR in recent years. This represents 10% of the country’s GDP. This is because a significant amount of the country’s automotive production volume is exported. For instance, 86% of the recently produced 2 100 000 vehicles were shipped internationally. Likewise, 60% of the manufactured components were also exported. Spain’s automotive industry is also among the most extensive R&D&I investors of the country’s economy. This is due to the segment investing an average of 4 000 000 000 EUR for the expansion and modernisation of its car production plants and value chain. Additionally, the country has provided governmental aid for its strengthening. One such example is the provision of 3 750 000 000 EUR during the onset of a recent global crisis. Generally, the automotive industry of Spain presents its latest innovations during triennial trade expositions. Such events occur in diverse locations and attract tens of thousands of participants.