In 2021, Spain imported $1.7 billion worth of agricultural, seafood, and forest products from the United States. The year 2021 ended with a robust economic growth rate and good employment figures. Adversely, 2022 began with economic uncertainties brought by the impact of the Omicron wave, although some experts expect the economy to grow faster again from the second quarter onwards. According to the latest European Union economic forecast, Spain’s economic growth is forecast at 5.6 percent in 2022 and 4.4 percent in 2023.
Best High-Value, Consumer-Oriented Product Prospects Category
Products Present in the Market with Good Sales Potential
Tree nuts (almonds, walnuts, and pistachios) -- Peanuts -- Pulses -- Sunflower seeds – Frozen Fish and Seafood (surimi, cod, lobster) -- Spirits (Bourbon)
Products Not Present in Significant Quantities with Good Sales Potential
Functional and innovative health food -- Free-from products (lactose-free, gluten-free) -- Specialty and snack foods – Other nuts (pecans); Sweet potatoes -- Pet foods
Products Not Present Because They Face Significant Barriers
Red meat and meat preparations (hormone ban) -- Poultry (sanitary procedures – pathogen reduction treatments) -- Processed food (with GMO ingredients)