Madrid trade and industry has gained momentum with adept transportation infrastructure like ports, railways and roadways.
Madrid trade and industry forms a chief source of revenue for Madrid. Madrid is the second largest industrial hub in Spain after Barcelona. Madrid trade and industry comprises of manufacturing sectors, processing sectors and financial sectors. Travel and tourism also forms an integral part of Madrid trade and industry, especially when the city boasts of abundant natural beauties and sightseeing destinations. It is worth mentioning that Madrid is reported to have been visited by over 41 million tourists in the year 1996.
Madrid Economic sectors
Some of the important economic sectors in Madrid include different manufacturing sectors like motor vehicles, aircrafts, chemicals, processed food, pharmaceuticals, printed materials and leather goods. Some of the other sectors include financial sectors like banking, Madrid insurance and real estate.
Agricultural sector in Madrid forms an integral part of Madrid trade and industry. Madrid is a chief producer of
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wheat, vines and olives. Madrid had actually come into the world industrial scene at the dawn of the 20th century and since then it has grown to be an ideal market for capital investment.
Madrid trade fairs
The trade fairs in Madrid are a platform to promote the city as one of the industrial centers at par with any of the well-known industrial hubs in the world. Whether it is industries or fashion, agriculture or horticulture, these trade fairs not only provide an international face value to Madrid economy but also creates avenues for amateur investors and entrepreneurs to launch their own products. Some of the important trade fairs in Madrid include:
- Arco-Madrid
- Expo Optica
- Madrid Boat Show
- Salon Inmobiliario de Madrid (SIMA 2008)
- Plural Fashion Show
- Madrid Science Fair
- Veteco-Madrid
- Expofranquicia
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