As Bobaol says the info below, (you will see that the DLs of many countries can be exchanged. I was interested as The Philippinies was added to the list a few years ago).
chttp://www.dgt.es/portal/ca/oficina_virtual/conductores/canje_permisos/
(This is a Bing.com translation)
Valid permits to drive in Spain.
An exchange of driving licences issued in Member States of the European Union and those belonging to the European economic area (EEA: Norway, Iceland and LIECHENSTEIN)
An exchange of driving licences issued in non-EU countries (Andorra, Korea, Japan and Switzerland).
An exchange of driving licences from of: democratic Algerian Republic and popular Republic Argentina, Republic of Bolivia, Republic of Chile, Republic of Colombia, Republic of Croatia, Republic of Ecuador, Kingdom of Morocco, Republic of Peru, Dominican Republic, Republic of Paraguay, Republic of Uruguay, Bolivarian Republic of Venezuela, Federative Republic of Brazil, Republic of El Salvador, Republic of the Philippines, Republic of GuatemalaRepublic of Serbia, Republic of Turkey, Tunisia, Ukraine, Macedonia.
An exchange of diplomats accredited in Spain driving licences
An exchange of driving licences issued by the military or police authority