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2023
Flag → Flag
Exports $2.16BRnk 31 / 220
2023
Flag → Flag
Top Product $159MPackaged Medicaments
2023
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Exports $1.11BRnk 46 / 216
2023
Flag → Flag
Top Product $627MRefined Petroleum
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 0.15Rnk 54 / 132
2023
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GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$514BCURRENT US$
Rnk 27 / 195
2013-2023
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GDP GROWTH28.5%CURRENT US$
Rnk 118 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$49,041CURRENT US$
Rnk 27 / 196
2013-2023
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GDP PC GROWTH-5.73%CURRENT US$
Rnk 161 / 195

About

Spain-United Arab Emirates Trade: In 2023, Spain exported $2.16B to United Arab Emirates. The main products that Spain exported to United Arab Emirates were Packaged Medicaments ($159M), Cars ($134M), and Perfumes ($86.6M). Over the past 5 years the exports of Spain to United Arab Emirates have increased at an annualized rate of 1.01%, from $2.06B in 2018 to $2.16B in 2023.

In 2023, Spain did not export any services to United Arab Emirates.

United Arab Emirates-Spain Trade: In 2023, United Arab Emirates exported $1.11B to Spain. The main products that United Arab Emirates exported to Spain were Refined Petroleum ($627M), Raw Aluminium ($122M), and Ethers ($34.4M). Over the past 5 years the exports of United Arab Emirates to Spain have increased at an annualized rate of 11%,  from $482M in 2018 to $1.11B in 2023.

In 2023, United Arab Emirates did not export any services to Spain.

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, United Arab Emirates ranked 54 in the Economic Complexity Index (ECI 0.15), and 21 in total exports ($357B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €162M and imported €37.6M from United Arab Emirates, resulting in a positive trade balance of €125M. Between November 2023 and November 2024 the exports of Spain have increased by €5.57M (3.56%) from €157M to €162M, while imports decreased by €-39.9M (-51.5%) from €77.5M to €37.6M.

Trade In November 2024, the top exports of Spain to United Arab Emirates were Forage Crops (€10.9M), Cars (€5.72M), Packaged Medicaments (€5.28M), Unglazed Ceramics (€4.6M), and Electrical Power Accessories (€3.69M). In November 2024 the top imports of Spain from United Arab Emirates were Refined Petroleum (€71.4M), Ethers (€13.5M), Raw Aluminium (€9.88M), Biodiesel and mixtures thereof (€3.18M), and Raw Sugar (€3.02M).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€40.5M), Madrid (€17.6M), Sevilla (€15.3M), Guipúzcoa (€10.3M), and Álava (€9.71M), while imports destinations were mainly Sevilla (€11.8M), Barcelona (€8.98M), Vizcaya (€4.57M), Madrid (€2.6M), and Almería (€1.76M).

Growth In November 2024, the increase in Spain's year-by-year exports to United Arab Emirates was explained primarily by an increase in product exports in Forage Crops (€6.46M or 144%), Packaged Medicaments (€3.41M or 182%), and Tractors (€2.08M or 136%). In November 2024, the decrease in Spain's year-by-year imports  from United Arab Emirates was explained primarily by an decrease in product imports  in Raw Aluminium (€-3.72M or -27.3%), Propylene Polymers (€-3.5M or -93.7%), and Ethylene Polymers (€-2.64M or -87.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€5.57M(3.56%)
IMPORT GROWTH (November 2023 - November 2024)€-39.9M(-51.5%)
MAIN EXPORTER (November 2024)Barcelona€40.5M

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

To check United Arab Emirates and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Arab Emirates and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $2.16B to United Arab Emirates. The main products exported from Spain to United Arab Emirates were Packaged Medicaments ($159M), Cars ($134M), and Perfumes ($86.6M). During the last 5 years the exports of Spain to United Arab Emirates have increased at an annualized rate of 1.01%, from $2.06B in 2018 to $2.16B in 2023.

In 2018, United Arab Emirates exported $1.11B to Spain. The main products exported from United Arab Emirates to Spain were Refined Petroleum ($627M), Raw Aluminium ($122M), and Ethers ($34.4M). During the last 5 years the exports of United Arab Emirates to Spain have increased at an annualized rate of 11%, from $482M in 2023 to $1.11B in 2018.

Exports from Spain (Flag) to United Arab Emirates (Flag) (2023)

Exports from United Arab Emirates (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
United Arab Emirates
Top DestinationChina$40.2B

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

In 2023, countries that imported more from Spain than United Arab Emirates included France ($61.9B), Portugal ($38.1B), and Germany ($40.2B).

In 2023, countries that imported more from United Arab Emirates than Spain included India ($38.2B), Japan ($37.4B), and China ($40.2B).

Difference in imports from United Arab Emirates (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - United Arab Emirates

Flow
Scale

This chart compares trade between Spain and United Arab Emirates by product, considering products traded by both, Spain and United Arab Emirates.

During 2023, Spain had a large net trade with United Arab Emirates in the exports of Chemical Products ($507M), Machines ($363M), and Transportation ($252M).

During 2018, United Arab Emirates had a large net trade with Spain in the exports of Mineral Products ($627M), Metals ($195M), and Machines ($74M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain United Arab Emirates+$112MCars
Top Product Potential United Arab Emirates Spain+$344MCrude Petroleum

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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Economic Complexity

Competitive Landscape

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

Product Space of Spain (Flag) and United Arab Emirates (Flag) (2023)

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