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Pricing

2022
Flag → Flag
Exports $26.7BRnk 25 / 211
2022
Flag → Flag
Top Product $3.29BSemiconductor Devices
2022
Flag → Flag
Exports $6.87BRnk 11 / 218
2022
Flag → Flag
Top Product $1.2BCopper Ore
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
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GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
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 GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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GDP PC $12,720CURRENT US$
Rnk 67 / 186
2012-2022
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GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186
2022
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GDP PC$29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

China-Spain Trade: In 2022, China exported $26.7B to Spain. The main products that China exported to Spain were Semiconductor Devices ($3.29B), Broadcasting Equipment ($2.07B), and Electric Batteries ($1.81B). Over the past 5 years the exports of China to Spain have increased at an annualized rate of 69.1%, from $1.93B in 2017 to $26.7B in 2022.

In 2022, China did not export any services to Spain.

Spain-China Trade: In 2022, Spain exported $6.87B to China. The main products that Spain exported to China were Copper Ore ($1.2B), Pig Meat ($1.05B), and Packaged Medicaments ($620M). Over the past 5 years the exports of Spain to China have increased at an annualized rate of 48.4%,  from $954M in 2017 to $6.87B in 2022.

In 2018, Spain exported services to China worth $0, with being the largest in terms of value.

Comparison: In 2022,  China ranked 22 in the Economic Complexity Index (ECI 1.12), and 1 in total exports ($3.73T). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Latest Trends

May, 2024

About

Overview In May 2024, China exported $3.78B and imported $727M from Spain, resulting in a positive trade balance of $3.05B. Between May 2023 and May 2024 the exports of China have increased by $349M (10.2%) from $3.43B to $3.78B, while imports decreased by $-134M (-15.6%) from $861M to $727M.

Trade In May 2024, the top exports of China to Spain were Cars ($397M), Electric Batteries ($186M), Semiconductor Devices ($171M), Trunks and Cases ($83.7M), and Rubber Footwear ($77.8M). In May 2024 the top imports of China from Spain were Pig Meat ($142M), Copper Ore ($98.6M), Edible Offal ($55.5M), Packaged Medicaments ($33.5M), and Ethylene Polymers ($32.1M).

Origins In May 2024 the exports of China were mainly from Guangdong Province ($1.01B), Zhejiang Province ($871M), Jiangsu Province ($412M), Fujian Province ($273M), and Shandong Province ($266M), while imports destinations were mainly Shanghai Province ($157M), Zhejiang Province ($102M), Guangdong Province ($82.8M), Jiangsu Province ($75.9M), and Beijing ($56.3M).

Growth In May 2024, the increase in China's year-by-year exports to Spain was explained primarily by an increase in product exports in Cars ($395M or 23.8k%), Electric Batteries ($98.1M or 111%), and Semiconductor Devices ($40.2M or 30.8%). In May 2024, the decrease in China's year-by-year imports  from Spain was explained primarily by an decrease in product imports  in Copper Ore ($-101M or -50.5%), Refined Petroleum ($-40.7M or -98.4%), and Precious Metal Ore ($-24.1M or -64%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (May 2023 - May 2024)$349M(10.2%)
IMPORT GROWTH (May 2023 - May 2024)$-134M(-15.6%)
MAIN EXPORTER (May 2024)Guangdong Province$1.01B

This section shows exports and imports data at subnational level for China. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of China over time.

To check Spain and China trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Spain and China Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, China exported $26.7B to Spain. The main products exported from China to Spain were Semiconductor Devices ($3.29B), Broadcasting Equipment ($2.07B), and Electric Batteries ($1.81B). During the last 5 years the exports of China to Spain have increased at an annualized rate of 69.1%, from $1.93B in 2017 to $26.7B in 2022.

In 2017, Spain exported $6.87B to China. The main products exported from Spain to China were Copper Ore ($1.2B), Pig Meat ($1.05B), and Packaged Medicaments ($620M). During the last 22 years the exports of Spain to China have increased at an annualized rate of 48.4%, from $954M in 1995 to $6.87B in 2017.

Exports from China (Flag) to Spain (Flag) (2022)

Exports from Spain (Flag) to China (Flag) (2022)

Market Competitiveness

Color
China
Top DestinationUnited States$551B
Spain
Top DestinationFrance$65.2B

This map shows whether countries import more from China or Spain. Each country is colored based on the difference in imports they receive from China and Spain or the difference in the growth in imports.

In 2022, countries that imported more from China than Spain included United States ($551B), Hong Kong ($276B), and Japan ($178B).

In 2022, countries that imported more from Spain than China included Portugal ($34.9B), France ($65.2B), and Morocco ($12.1B).

Difference in imports from Spain (Flag) and China (Flag) (2022)

Comparative Advantage China - Spain

Flow
Scale

This chart compares trade between China and Spain by product, considering products traded by both, China and Spain.

During 2022, China had a large net trade with Spain in the exports of Machines ($17.9B), Textiles ($5.45B), and Miscellaneous ($4.17B).

During 2017, Spain had a large net trade with China in the exports of Animal Products ($1.88B), Mineral Products ($1.57B), and Chemical Products ($1.25B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential China Spain+$982MTelephones
Top Product Potential Spain China+$367MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2018, Spain exported services to China worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to China (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of China and Spain. This means that a dot/product with the flag of China indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over China.

Product Space of China (Flag) and Spain (Flag) (2022)

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