Fides Polonia Capital Management
Poland · Spain · EU Trade · Bilateral · Automotive · Food · Pharmaceuticals · Furniture · Investment 2 July 2026 · EUR 10.2 Billion Polish Exports to Spain · EUR 7.8 Billion Spanish Exports to Poland · EUR 2.4 Billion Polish Trade Surplus · Spain: Poland's 9th Largest Export Market

Poland and Spain: EUR 18 Billion in Annual Trade, Cars Going Both Ways, and a Bilateral Relationship That Both Countries Are Still Underexploiting

Poland exported EUR 10.2 billion to Spain in 2024, making Spain its ninth largest export market. Spain exported EUR 7.8 billion to Poland. Total bilateral trade exceeded EUR 18 billion and Poland runs a EUR 2.4 billion surplus. Cars, automotive parts, food, furniture, and pharmaceuticals dominate the flows in both directions. A Spanish-Polish Business Forum met in Warsaw in February 2026. The complete trade picture between two of the EU's largest economies.

EUR 10.2B
Poland Exports to Spain 2024
Spain is Poland's 9th largest export market · 29% of all Polish exports to Southern Europe
EUR 7.8B
Spain Exports to Poland 2024
Spain ranks 10th among Poland's import partners
EUR 2.4B
Poland's Trade Surplus With Spain 2024
Poland exports significantly more than it imports from Spain
EUR 18B+
Total Bilateral Trade 2024
Both flows grew in 2024 · Both growing year on year
I. The Scale: Two of the EU's Largest Economies and a EUR 18 Billion Trade Relationship

Poland Is the EU's Sixth Largest Economy. Spain Is the Fourth. Between Them They Run EUR 18 Billion in Annual Goods Trade With Poland Holding a Meaningful Surplus.

Poland and Spain are two of the European Union's most important economies and yet their bilateral trade relationship receives far less attention than the dominant Germany-Poland corridor or even the Poland-France and Poland-Italy flows. According to data from GUS for 2024, Spain is Poland's ninth economic partner in terms of the value of exports, which amounted to EUR 10.2 billion, which accounted for 29 percent of all exports to southern European countries. Imports from Spain by country of origin reached EUR 7.8 billion, placing Spain in 10th place among Poland's most important contractors. Poland runs a EUR 2.4 billion trade surplus with Spain, exporting considerably more than it imports. Both flows grew in 2024, confirming that the relationship is deepening rather than stagnating.

The macroeconomic context helps explain why the relationship is growing. Poland's GDP reached approximately USD 915 billion in 2024, making it the EU's sixth largest economy, and it is projected to cross the USD 1 trillion threshold in the near term. Spain's GDP reached approximately USD 1.6 trillion in 2024, the EU's fourth largest economy. Spain accounts for approximately 3% of all Polish exports globally, making it a meaningful but not dominant partner in Poland's export geography. The EU single market framework governs the relationship entirely, with no bilateral tariffs, no customs barriers, and full freedom of movement for goods, services, capital, and people between Warsaw and Madrid.

II. What Poland Sells to Spain: The Top Five Exports

Automotive Parts at EUR 1.6 Billion Lead. Food at EUR 1.15 Billion Is the Fastest-Growing Category. Furniture, Pharmaceuticals, and Cigarettes Complete the Picture.

Poland's export composition to Spain reflects the country's industrial structure as a major automotive components supplier, a significant food manufacturer, and a world-class furniture producer, all operating at price points that are competitive within the EU single market. During 2024, the top exports from Spain to Poland were Cars at USD 902 million and Motor vehicles parts and accessories at USD 870 million. Reading the bilateral flows from the Polish side produces a complementary picture where automotive components dominate Poland's sales into Spain.

RankPoland Export to Spain 2024ValueContext
1Automotive parts and componentsEUR 1.625BPoland is a major EU automotive parts hub
2Food products (dairy, meat, fruit, vegetables)EUR 1.150BPolish dairy, pork, poultry, and fruit gaining share
3Furniture and household goodsEUR 900M est.Poland is No. 1 EU furniture exporter globally
4Cigarettes and tobacco productsEUR 600M est.Significant manufactured tobacco export category
5Packaged pharmaceuticals and chemicalsEUR 207MPoland's EUR 207M pharma exports to Spain, growing

The automotive industry sees Poland as an important supplier of automotive parts and components. Spain, as one of the largest car manufacturers in Europe, is eager to import high-quality products from Poland, EUR 1.625 billion in 2024. The food industry sees the Spanish market appreciating Polish dairy products, meat, fruit and vegetable products, which are gaining more and more popularity, EUR 1.150 billion in 2024.

The automotive parts figure at EUR 1.625 billion is the most strategically important single export category. Spain is one of Europe's most significant car assembly nations, with plants operated by Stellantis, Volkswagen, Renault, Ford, and Mercedes-Benz across Valencia, Vigo, Pamplona, Barcelona, and Vitoria. Those assembly plants need components: wiring harnesses, engine parts, brake systems, seating, electronics. Polish automotive tier-one and tier-two suppliers, clustered in the Silesian, Wroclaw, and Poznan industrial regions, supply directly into those Spanish assembly lines. Every Seat, Cupra, and Volkswagen Polo built in Pamplona likely contains Polish components. This is the invisible connective tissue of the Poland-Spain relationship that does not appear in any bilateral trade headline but represents its single largest commercial flow.

The food category at EUR 1.15 billion reflects a genuine consumer shift in Spain. Polish dairy products, especially butter and cheese, have been gaining shelf space in Spanish supermarkets over the past decade on a competitive price-to-quality ratio. Polish poultry is a significant protein export. Polish apples, of which Poland is the EU's largest producer, flow into Spain during the winter months when Spanish domestic apple production is lower. Polish processed meats and sausages serve the increasingly diverse Spanish food retail market. EUR 1.15 billion in food exports represents a relationship that has been built product by product and supermarket shelf by supermarket shelf over many years of quiet commercial development.

III. What Spain Sells to Poland: The Top Five Imports

Cars at USD 902 Million Lead Spain's Exports to Poland. Pharmaceutical Products, Automotive Parts, Chemicals, and Agricultural Machinery Complete the Picture.

Spain's exports to Poland at EUR 7.8 billion are anchored by the automotive and pharmaceutical categories, with agricultural products providing a smaller but growing counterflow. During 2024, the top exports from Spain to Poland were Cars at USD 902 million, Motor vehicles parts and accessories at USD 870 million, and Packaged Medicaments at the pharmaceutical level. The car and automotive parts flows together represent approximately USD 1.77 billion, making the automotive sector dominant in both directions of the bilateral trade.

RankSpain Export to Poland 2024ValueContext
1Cars (Seat, Cupra, VW Polo, Renault)USD 902MSpanish-assembled vehicles sold to Polish consumers
2Automotive parts and componentsUSD 870MComponents for Polish automotive assembly operations
3Packaged pharmaceuticalsEUR 39.7M/monthSpanish pharma growing 181% YoY as of Feb 2026
4Agricultural products (olive oil, citrus, wine)SignificantSpanish produce dominant in Polish retail and HoReCa
5Chemicals and industrial productsGrowingConstruction chemicals, pesticides, specialty chemicals

The cars flowing from Spain to Poland are primarily Spanish-assembled vehicles from the Volkswagen Group, Stellantis, and Renault plants. Seat and Cupra, both assembled in Martorell near Barcelona, have a meaningful presence in Polish showrooms. The Volkswagen Polo and T-Cross, assembled in Pamplona, sell in Poland as German-branded vehicles manufactured in Spain. This creates the somewhat counterintuitive situation where a Seat Ibiza bought by a Polish consumer contributes to Spanish export statistics while a Polish-made wiring harness from a Wroclaw factory contributes to Polish export statistics toward Spain, and both statistics refer to parts of the same European automotive supply chain. The cars and components cross borders multiple times before the final vehicle reaches a consumer.

In February 2026, the year-on-year growth in Spain's exports to Poland was driven mainly by exports of Packaged Medicaments at 181% growth, Cars at 11.4%, and Pesticides at 46.3%. The pharmaceutical growth figure of 181% year on year is striking and reflects the growing presence of Spanish pharmaceutical companies in the Polish market, where the generic medicines sector is among the largest in Central Europe. The pesticides and agrichemicals category reflects Poland's large agricultural sector and its ongoing intensification of farming practices.

Spanish agricultural products flowing into Poland have become a permanent feature of Polish supermarket shelves. Spanish olive oil has genuine mass market penetration in Poland, driven by growing Polish consumer interest in Mediterranean cooking. Spanish citrus fruit, particularly Valencia oranges and clementines, appears in Polish retail throughout the winter. Spanish wine is a growing category in Polish restaurants and off-licence retail. The food and beverage flow from Spain to Poland is primarily a consumer lifestyle story rather than an industrial one, reflecting the convergence of Polish consumer tastes toward Mediterranean patterns as Polish incomes have risen.

IV. The Trade Framework: EU Single Market, No Barriers, and a Spanish-Polish Business Forum

Both Countries Are EU Members. No Tariffs. No Customs. No Border Checks. The February 2026 Spanish-Polish Business Forum in Warsaw Was the Most Recent Formal Bilateral Commercial Event.

The Poland-Spain bilateral trade relationship operates entirely within the EU single market framework, which means there are no tariffs on goods traded between the two countries, no customs documentation requirements for intra-EU shipments, no border controls on trucks moving between Warsaw and Madrid, and complete freedom of establishment for companies from either country wishing to operate in the other. The legal and regulatory framework is identical in both markets to the extent that EU harmonisation has achieved that alignment, and where national differences persist they are the same national differences that apply across the whole EU single market. This is the structural backdrop that makes the EUR 18 billion bilateral trade figure more remarkable in the sense that it has been achieved without any preferential bilateral arrangement beyond the EU framework that both countries already had.

In mid-February 2026, the Spanish-Polish Business Forum was held in Warsaw, during which representatives of the private sector and government institutions discussed ways to develop economic cooperation. The Forum was organised by ICEX Spain Trade and Investment and the Spanish Embassy in Poland, and co-organised by PAIH. The forum is the most recent formal bilateral commercial event and reflects both governments' recognition that the EUR 18 billion trade relationship has room to grow significantly, particularly in the service sectors, technology, and investment flows that are less well-developed than the goods trade.

The Sectors With the Most Growth Potential According to Polish Trade Intelligence

Among the sectors with the greatest potential for the expansion of Polish companies in Spain are: IT industry and digital technologies, where Poland is one of the leaders in IT outsourcing in Europe and Spanish companies are increasingly using the services of Polish technology companies; pharma and biotechnology, where Poland is one of the leading manufacturers of generic drugs in Europe at EUR 207.19 million in 2024; cosmetics, where the Spanish cosmetics market values natural and ecological products creating an opportunity for Polish manufacturers offering organic cosmetics; the automotive industry, where Poland is an important supplier of automotive parts and components; construction chemicals including paints, adhesives and finishing materials; and the food industry where the Spanish market appreciates Polish dairy products, meat, fruit and vegetable products which are gaining more and more popularity.

V. The Investment and Corporate Dimension

Santander, Inditex, CAF, and Solaris Illustrate How Deeply Spanish and Polish Corporate Interests Are Already Intertwined.

The goods trade figures do not fully capture the depth of the economic relationship because they exclude the significant corporate investment flows between the two countries. Santander Bank Polska, one of the largest banks in Poland by assets and a WIG20 constituent, is a wholly owned subsidiary of Spain's Banco Santander, one of the largest banks in the world. Santander's Polish banking operation has been one of its most consistently profitable European subsidiaries and represents a direct bilateral investment relationship that generates billions of euros in financial flows between Warsaw and Madrid annually in the form of dividends, management fees, and capital allocation decisions.

Inditex, the Spanish fashion retailer that owns Zara, Pull and Bear, Massimo Dutti, Bershka, and Stradivarius, is one of the largest fashion retailers in Poland by store count and revenue. Inditex has been present in Poland since the 1990s and its Polish operations represent one of its larger Central European markets. Inditex's presence in Poland creates an interesting mirror image with LPP: Poland's own fashion conglomerate is the primary domestic competitor to the Spanish global giant in their shared home market.

In the other direction, CAF, the Spanish rail manufacturer, acquired the Polish bus manufacturer Solaris in 2018, bringing one of Poland's most innovative industrial companies under Spanish ownership. CAF-Solaris is now one of the leading electric bus manufacturers in Europe. The Pesa-Talgo connection is another rail story: Pesa, the Polish train manufacturer profiled in Fides Polonia's rail manufacturing article, submitted a bid to acquire Talgo, the Spanish high-speed train manufacturer, which would represent a genuinely extraordinary reversal of the conventional narrative about Spanish companies acquiring Polish industrial assets.

Fides Polonia Capital Management · Trade Analysis · Poland-Spain Bilateral Relations · 2 July 2026
EUR 18 Billion, a Polish Surplus, Cars in Both Directions, and a Business Forum That Just Met in February. The Relationship Is Larger Than It Looks and Growing.

The Poland-Spain bilateral trade relationship is one of those economic connections that sits at a scale large enough to be strategically significant, EUR 18 billion annually with a growing Polish surplus, but below the threshold at which it generates consistent media attention in either country. Germany dominates Polish trade commentary. Spain dominates European tourism commentary. Neither country's business press spends much time on what the other is doing commercially, which is partly why a EUR 1.625 billion automotive parts flow from Polish factories to Spanish assembly plants is essentially invisible in the bilateral narrative despite being the single largest product category in the relationship.

The growth opportunities identified by Poland's trade intelligence service and confirmed by the February 2026 Business Forum are real and specific. Polish IT outsourcing to Spanish tech companies. Polish pharmaceutical generics in Spanish pharmacy chains. Polish organic cosmetics in Spanish retail. Polish construction chemicals in Spanish building projects. Spanish pharmaceutical products in Polish healthcare. Spanish agricultural expertise in Polish food processing. These are not hypothetical future opportunities. They are current commercial activities at smaller scales that the institutional framework of PAIH, ICEX, and the bilateral business forum is designed to accelerate.

The Pesa-Talgo bid, if it proceeds, would be the most visible single commercial event in Poland-Spain economic relations since Santander acquired its Polish banking subsidiary. A Polish train manufacturer owning the company that built Spain's high-speed rail network would be a remarkable symbol of how far both countries have traveled from their respective starting points in 1989 and 1986, the years they each began their economic transformations. The automotive supply chain that ties Polish component factories to Spanish assembly plants daily, invisibly, at EUR 1.6 billion per year, is the more durable expression of the relationship. It is also, in its own way, equally remarkable.

Sources: Trade.gov.pl Polish Trade Intelligence (Spain 9th export partner EUR 10.2B 2024, 29% of Southern Europe exports, Spain 10th import partner EUR 7.8B, sectors IT pharma food automotive cosmetics construction chemicals, Spanish-Polish Business Forum February 2026 Warsaw ICEX PAIH) · OEC Observatory of Economic Complexity (bilateral monthly data Spain-Poland, February 2026 Spain exported EUR 841M imported EUR 773M surplus EUR 68.3M, top exports cars EUR 79.2M auto parts EUR 42.2M pharma EUR 39.7M, top imports from Poland auto parts EUR 68.7M cars EUR 53.7M tobacco EUR 34.9M, pharma growth 181% YoY, cars 11.4% YoY, pesticides 46.3% YoY) · OEC bilateral Spain-Poland 2024 (top exports from Spain to Poland cars USD 902M auto parts USD 870M) · Trading Economics COMTRADE (Poland exports to Spain USD 11.02B 2024, Poland imports from Spain USD 8.51B 2024) · Worldstopexports.com Poland 2025 (Spain 3% of all Polish exports, 9th export destination) · Worldstopexports.com Spain 2025 (Poland 2.7% of Spanish exports, 10th export destination) · Fides Polonia Capital Management · 2 July 2026
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Sources and Disclosure

This article is produced by Fides Polonia Capital Management for informational purposes only. Trade data sourced from Polish Central Statistical Office GUS via Trade.gov.pl, the Observatory of Economic Complexity, UN COMTRADE via Trading Economics, and Worldstopexports.com as cited. Forum and diplomatic data from Trade.gov.pl, March 2025. Fides Polonia Capital Management has no financial interest in any entity referenced in this article. Nothing in this article constitutes investment advice.

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