In 2021, Spain exported goods and services worth 316,609 million euros. Colombia accounted for 0.34% of the total export, just over 1100 million. Although it doesn’t look like much, Spain key partner China is from Colombia, which ranks ninth after the United States, Mexico, Brazil and Germany.
Duration, trade balance was positive because it was imported from the Latin American country alone with a value of 610 million, with a positive balance of 491 million euros. Documents published by ICEX Spain Exports and Investments show that imports fell from 1,050 million in 2016 to 471 million in 2020.
Between January and August 2021 semi-finished products led the sales ranking (200 million), followed by capital goods (119.2 million), food, beverages and tobacco (55.4 million), and consumer goods (54.1 million). The main products exported in 2021 were unleaded gasoline for vehicles and automobile engines (10.64%), dosed drugs for human use (3.7%) and propene (2.8%).
Total between 2015-2020 281 companies traded with the country and 331 have exported consecutively in the last 4 years. Spain is the 13th destination country in Colombian exports. this main financial assets available in the country: BBVA, Banco Santander, Banco Sabadell, CaixaBank or Renta4; for just like oil companies Repsol and Cepsa.
spanish airlines Iberia and Air Europa flies from Madrid and Barcelona to Bogota, and from the capital to Medellin. In contrast, Colombia’s main airline, Avianca, has direct connections with both cities. Also Spanish airport operator aena Has a Colombian subsidiary. Of this company, Rafael is the operating partner of 37.89% of Núñez International Airport and owns 50% of Alfonso Bonilla Aragón International Airport.
hotels NH and Eurostars operate several tourist complexes In the Spanish-American country. According to its corporate website, NH has 14 hotels in Barranquilla, Cartagena, Bogotá, Cali and Medellín; Eurostars adds 2 features.
In infrastructure, home Spanish construction companies have a subsidiary in Colombia. Abertis, Acciona, FCC, ACS, Ferrovial or Sacyr are some of the companies that have or have worked in Colombia. Grupo Ortiz, who will build a 260-kilometer highway with the help of a local company worth 382.4 million dollars, won the latest tender.
Another example is the Jenos pizzeria chain, which was acquired by Spanish Telepizza in 2010. English Court or Inditex also available, first in tourist trips, second with an online and physical store. Telecommunications companies like Telefónica, electricity companies like Naturgy, or metallurgical companies like Acerinox also have a subsidiary in Colombia.
Source: Informacion
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