The Spanish East India Company was established in 1785 to manage trade between Spain and its colonies in Asia, particularly the Philippines. It aimed to enhance Spain's economic interests in the region by facilitating the exchange of goods like silk, spices, and other valuable commodities. The company operated primarily from the port of Manila, which served as a crucial hub for trade routes. The company faced various challenges, including competition from other European powers and internal financial difficulties. Despite these obstacles, it played a significant role in promoting Spanish influence in Asia until its dissolution in 1820, marking the end of its trading activities.