Flag China / Spain Flag

Exports Flag β†’ Flag  (2018): $28.5B, Rnk 24 / 206

Top Product Flag β†’ Flag (2018): $1.53B, Broadcasting Equipment

Exports Flag β†’ Flag (2018): $7.54B, Rnk 10 / 209

Top Product Flag β†’ Flag (2018): $1.12B, Copper Ore

Economic Complexity of Flag (2018): ECI 0.89, Rnk 30 / 137

Economic Complexity of Flag (2018): ECI 0.85, Rnk 33 / 137

GDP Flag (2018): $13.6T, CURRENT US$
Rnk 2 / 196

GDP GROWTH Flag (2008-2018): 196%, CURRENT US$
Rnk 6 / 196

GDP Flag (2018): $1.42T, CURRENT US$
Rnk 14 / 196

GDP GROWTH Flag (2008-2018): -12.7%, CURRENT US$
Rnk 186 / 196

GDP PC Flag (2018): $9,771, CURRENT US$
Rnk 78 / 196

GDP PC GROWTH Flag (2008-2018): 182%, CURRENT US$
Rnk 3 / 196

GDP PC Flag (2018): $30,371, CURRENT US$
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GDP PC GROWTH Flag (2008-2018): -14.1%, CURRENT US$
Rnk 173 / 196

China-Spain: In 2018, China exported $28.5B to Spain. The main products exported from China to Spain were Broadcasting Equipment ($1.53B), Computers ($1.02B), and Trunks and Cases ($745M). During the last 23 years the exports of China to Spain have increased at an annualized rate of 11.8%, from $2.21B in 1995 to $28.5B in 2018.

Spain-China: In 2018, Spain exported $7.54B to China. The main products exported from Spain to China were Copper Ore ($1.12B), Vehicle Parts ($488M), and Pig Meat ($383M). During the last 23 years the exports of Spain to China have increased at an annualized rate of 9.32%, from $972M in 1995 to $7.54B in 2018. In 2017, Spain exported services to China worth $0, with being the largest in terms of value.

Comparison: In 2018, China ranked 30 in the Economic Complexity Index (ECI 0.89), and 1 in total exports ($2.59T). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.85), and 15 in total exports ($330B). In terms of GDP Per Capita, China was ranked 78 with a GDP Per Capita of $9,771, and Spain was ranked 35 with a GDP Per Capita of $30,371.

Bilateral Trade by Products

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Depth
Value

In 2018, China exported $28.5B to Spain. The main products exported from China to Spain were Broadcasting Equipment ($1.53B), Computers ($1.02B), and Trunks and Cases ($745M). During the last 23 years the exports of China to Spain have increased at an annualized rate of 11.8%, from $2.21B in 1995 to $28.5B in 2018.

In 2018, Spain exported $7.54B to China. The main products exported from Spain to China were Copper Ore ($1.12B), Vehicle Parts ($488M), and Pig Meat ($383M). During the last 23 years the exports of Spain to China have increased at an annualized rate of 9.32%, from $972M in 1995 to $7.54B in 2018.

Market Competitiveness

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Measure

China
Top Destination
: United States, $499B

Spain
Top Destination
: France, $48.6B

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 2018, countries that imported more from China than Spain were United States ($499B), Hong Kong ($282B), and Japan ($155B).

In 2018, countries that imported more from Spain than China were Portugal ($27.2B), Morocco ($9.45B), and France ($48.6B).

Comparative Advantage China - Spain

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Depth

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

During 2018, China had a large net trade with Spain in the exports of Machines ($9.31B), Textiles ($4.76B), and Miscellaneous ($3.17B).

During 2018, Spain had a large net trade with China in the exports of Mineral Products ($1.58B), Machines ($929M), and Chemical Products ($856M).

Tariff Section

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This sections shows import tariffs for products traded between China and Spain (using the HS6 product classification and the last year reported).

In 2018, the products from China that paid the highest import tariffs to enter Spain were Vermouth and other flavoured grape wines - pack < 2l (65%) and Vermouth and other flavoured grape wines - pack > 2l (65%).

In 2017, the products from Spain that paid the highest import tariffs to enter China were Sugar beet (178%) and Whey (173%).

Explore Tariff Data

*The tariffs present between China and Spain are:
125: General duty rate
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between China and Spain. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2017, Spain exported services to China worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more China has comparative advantage over Spain. Similarly, the more red a dot/product is, the more Spain has comparative advantage over China.