Spain - SeafoodSpain - Seafood

This is a best prospect industry sector for this country. Includes a market overview and trade data.

Last Published: 6/24/2019

Overview

Spain	2016	2017	2018	2019*
Total Market Size	8,349,646	8,643,598	8,775,801	8,800,000
Total Local Production	5,150,000	5,200,000	5,225,000	5,200,000
Total Exports	3,147,441	3,573,784	3,859,648	3,900,000
Total Imports	6,347,087	7,017,382	7,410,449	7,500,000
Imports from the U.S.	133,949	102,817	100,914	101,000
Average Exchange Rate:	1.1069	1.1297	1.1810	1.14

*Estimate
$US thousands. (total market size = (total local production + imports) - exports)
DataSources:
Total Local Production: FAS Madrid estimates
Total Exports:Global Trade Atlas (GTA)
Total Imports: Global Trade Atlas (GTA)
Imports from U.S.: Global Trade Atlas (GTA)
Data corresponds to HS Code 03 (Fish and Crustaceans, Mollusks and other aquatic Invertebrates).

Spain is an enormous market for fish and seafood. In 2018, Spain was the fourth largest importer of fish and seafood in the world and is a net importer of these products, after the United States, Japan and China. Spain has the largest fish processing industry in Europe and has a high per capita consumption and a high per capita expenditure on fish and seafood products. Furthermore, Spanish fish and seafood production through commercial fishing and aquaculture is not sufficient to meet domestic demand and imports thus remain a key element in sustaining the category. Top sellers from the United States in 2018 include lobsters, surimi, cod, hake, albacore tuna and squid.

Web Resources
Ministry of Agriculture, Fisheries and Food
NOAA Fisheries “How to export seafood to the European Union”
NOAA Seafood Inspection Program

FAS USEU Mission
FAS GAIN Attaché Reports
FAS Madrid Contact: AgMadrid@fas.usda.gov

Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.