Spain: Retail Foods
In Fiscal Year (FY) 2016, Spain imported $2 billion of agricultural, fish and forest products from the United States, up five percent compared to the previous year. As Spain continued its economic recovery in 2016, the retail sector continues to consolidate its position and importance in the country. Consumers are slowly recovering their confidence and increasing their spending, though the five years of economic recession and cuts have certainly shaped the overall retail situation and influenced consumers’ behavior. The sector will need to adjust once again to this new reality, where new opportunities will likely arise for U.S. exporters.
