market index is the IBEX 35, which as of 2016 is led by banking (including Banco Santander and BBVA), clothing (Inditex), telecommunications (Telefónica) and energy (Iberdrola). External trade Traditionally until 2008, most exports and imports from Spain were held with the countries of the European Union: France, Germany, Italy, UK and Portugal. In recent years foreign trade has taken refuge outside the European Union. Spain's main customers are Latin America, Asia (Japan, China, India), Africa (Morocco, Algeria, Egypt) and the United States. Principal trading partners in Asia are Japan, China, South Korea, Taiwan. In Africa, countries producing oil (Nigeria, Algeria, Libya) are important partners, as well as Morocco. Latin American countries are very important trading partners, like Argentina, Mexico, Cuba (tourism), Colombia, Brazil, Chile (food products) and Mexico, Venezuela and Argentina (petroleum). After the crisis that began in 2008 and the fall of the domestic market, Spain (since 2010) it has turned outwards widely increasing the export supply and export amounts. It has diversified its traditional destinations and has grown significantly in product sales of medium and high technology, including highly competitive markets like the US and Asia. Tourism During the last four decades Spain's foreign tourist industry has grown into the second-biggest in the world. A 2015 survey by the World Economic Forum proclaimed the country's tourism industry as the world's most competitive. The 2017 survey repeated this finding. By 2018 the country was the second most visited country in the world, overtaking the US and not far behind France. With 83.7 million visitors, the country broke in 2019 its own tourism record for the tenth year in a row. The size of the business has gone from approximately €40 billion in 2006 to about €77 billion in 2016. In 2015 the total value of foreign and domestic tourism came to nearly 5% of the country's GDP and provided employment for about 2 million people. The headquarters of the World Tourism Organization are located in Madrid. Automotive industry The automotive industry is one of the largest employers in the country. In 2015 Spain was the 8th largest automobile producer country in the world and the 2nd largest car manufacturer in Europe after Germany. By 2016, the automotive industry was generating 8.7 percent of Spain's gross domestic product, employing about nine percent of the manufacturing industry. By 2008 the automobile industry was the 2nd most exported industry while in 2015