The volume of bilateral trade in 2020 consisted of USD 287.1 million (decreased by 18.1% compared to 2019). Exports amounted to USD 20.5 million (increased by 23%), imports - USD 266.6 million (decreased by 20.1%). The balance was negative in the amount of 246.1 million US dollars. The increase in Belarusian exports excluding the volume of oil, petroleum products, petroleum gases and other gaseous hydrocarbons, nitrogenous and potassium fertilisers amounted to 22.6%.
The main export items from Belarus to Spain in 2019 were:
Other furniture and parts thereof; glass fibre; woven fabrics of flax; basketware, wickerwork and wickerwork and articles thereof; other products of wood; prefabricated building structures; automatic regulating and controlling appliances and apparatus; wood sawn lengthwise; moulding boxes, trays and moulds for metal foundries; woven fabrics of synthetic complex yarns; wood fibre boards; anti-knock, anti-oxidising, inhibiting and thickening agents; leather, further treated after tanning, of hides and skins of cattle, pneumatic tyres.
The main items imported from Spain in 2019 were:
Other fresh fruit; fresh apricots, sour cherries, cherries, peaches, plums and sloes; ferrous metal structures; citrus fruit; medicinal products packaged for retail sale; tomatoes; other vegetables; parts and accessories of motor cars and tractors; natural grape wines including grape must; ferrous metal containers of a capacity exceeding 300 litres; polyacetals and other simple polyesters; epoxy resins.
The main export items from Belarus to Spain in 2020 were:
Other furniture and parts thereof; glass fibre; other products of wood; basketware, wickerwork and wickerwork and other articles; electrical transformers; hot-rolled bars and rods in coils of non-alloy steel; plates, sheets, film of plastics, non-porous, non-reinforced, non-laminated, not reinforced, unsupported; moulded boxes, trays; prefabricated building units; other vegetables.
Spain's main import items in 2020 were:
Citrus fruit; other fresh fruit; medicaments, put up in packings for retail sale; natural grape wines, including grape must; fresh apricots, cherries, cherries, peaches, plums and sloes; other vegetables; parts and accessories for motor vehicles and tractors; chassis with engines for motor vehicles; tomatoes; insecticides, herbicides.
In 2018, Belarus attracted USD 1.16 million of investment from Spain (up 186.1% in 2017), of which USD 1.16 million was direct (up 196.8%), and USD 1,039 thousand was direct on a net basis (USD 512.5 thousand in 2017).
In 2019, Belarus attracted investments from Spain worth USD 3.4 million (an increase of 298.3% over 2018), of which direct investments were USD 1.8 million (an increase of 60.6% over 2018), net: USD 994 thousand.
Foreign trade in services with Spain increased by 135.8% in 2018 compared to 2017 to USD 46.9 million (USD 34.5 million in 2017). Exports of services from Belarus to Spain during the period amounted to USD 20.4 million (by 132.4%), imports amounted to USD 26.6 million (by 138.5%). The balance was negative for Belarus in the amount of USD 6.2 million. Computer and telecommunication services (USD 8.9 million or 43.7% of total services exports), transport services (USD 7.9 million or 38.8%), tourism services (USD 2.2 million or 10.8%) and other business services (USD 1.08 million or 5.3%) accounted for the bulk of services exports.
In 2019, bilateral services with Spain amounted to USD 44.3 million (up 94.6 per cent over the same period in 2018), exports to USD 18.9 million (up 92.9 per cent) and imports to USD 25.4 million (up 95.9 per cent). The balance was negative in the amount of USD 6.5 million. The main services exports were transport services (USD 10.7 million), computer and telecommunication services (USD 4.2 million), other business services (USD 1.9 million) and tourism services (USD 1.5 million).
In 2020, bilateral services with Spain amounted to USD 34.6 million (up 77.6 per cent over the same period in 2019), exports to USD 19.6 million (up 103.6 per cent) and imports to USD 15 million (up 58.5 per cent). The balance was positive at USD 4.5 million. The main services exports were transport services (USD 11.8 million), computer and telecommunication services (USD 5.7 million), other business services (USD 1.4 million) and tourism services (USD 218 thousand).
In the territory of the Republic of Belarus 24 joint ventures and foreign companies with Spanish capital participation are registered. A major investment project has been carried out in Belarus: the Spanish company "VIJUSA" has built a plant for the production of detergents and disinfectants for the food industry and social services companies. "INDITEX (brands Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho and Zara Home) is among the main Spanish investors operating on the Belarusian market.
There is a representative office of Belavia airline in Spain (Barcelona). There are no assembly plants of Belarusian companies in Spain.