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Spanish exports to UK fall

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Spanish exports to the United Kingdom fell for the first time in five years in 2017.

Exports of Spanish products to Britain fell six per cent last year, while trade with the European Union grew eight per cent in the same period.
The number of companies exporting to the UK also dropped by 0.8 per cent.

A total of seven per cent of all of Spanish exporting firms trade with the UK, and a quarter of the 11,695 Spanish trading companies only do business with the British Isles.

Most of the businesses which trade with the United Kingdom are small and medium-sized enterprises (SMEs) – 85 per cent precisely – but the bulk of exports are actually made by large firms.