The bilateral trade of goods between Spain and China is characterized by a chronic deficit. The volume of Chinese imports is in line with the other countries of the region, but the volume of exports to China is relatively smaller.
Spain supplies China primarily with olive oil, bringing in great profits. Additionally, pork and wine are among the Spanish products that are greatly preferred in the Chinese market. Spanish cuisine is wildly popular in the Asian giant. And it is estimated that one out of ten Spanish exporters sells products to the Asian country.
Textiles and footwear continue to occupy the highest positions among the products that are mostly exported from China to Spain. However, high end products, like technological devices, are gaining market. Phone and computer equipment imports now rank second and third, respectively, and, between the two, they are higher than textile products. Electrical machinery and automotive equipment and components make up considerable volumes, as well.
On the other hand, Chinese investments in Spain are growing at a fast pace, making the Asian giant the tenth biggest investor in Spain, while the Iberian country has positioned itself as the ninth destination for Chinese investments in the European Union.
It is worth noting that good communication between Spain and China has played an important role in promoting the bilateral trade that both countries have experienced in recent decades. To successfully achieve these goals, they need to have the services of professional translation companies from Chinese to Spanish and from Spanish to Chinese, like blarlo.com, with the experience of having made hundreds of translations between these two languages.
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There are no similarities between Spanish and Chinese, so you should not place your trust in translators who are not sufficiently qualified or in online machine translation software, since artificial intelligence cannot properly grasp the expressions or the grammar that is specific to each language.
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