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2022
Flag → Flag
Exports $8.51BRnk 11 / 218
2022
Flag → Flag
Top Product $1.2BCopper Ore
2022
Flag → Flag
Exports $47BRnk 25 / 211
2022
Flag → Flag
Top Product $3.29BSemiconductor Devices
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI 1.12Rnk 22 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$18TCURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP GROWTH111%CURRENT US$
Rnk 11 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$12,720CURRENT US$
Rnk 67 / 186
2012-2022
Flag
GDP PC GROWTH102%CURRENT US$
Rnk 8 / 186

About

Spain-China Trade: In 2022, Spain exported $8.51B 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 4.38%, from $6.87B in 2017 to $8.51B in 2022.

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

China-Spain Trade: In 2022, China exported $47B 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 3.38%,  from $26.7B in 2017 to $47B in 2022.

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

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

Latest Trends

July, 2024

About

Overview In July 2024, Spain exported €746M and imported €3.92B from China, resulting in a negative trade balance of €3.17B. Between July 2023 and July 2024 the exports of Spain have decreased by €-62.8M (-7.76%) from €809M to €746M, while imports decreased by €-58.4M (-1.47%) from €3.98B to €3.92B.

Trade In July 2024, the top exports of Spain to China were Pig Meat (€81M), Edible Offal (€43.7M), Ethylene Polymers (€32.5M), Packaged Medicaments (€25.8M), and Scrap Copper (€18.4M). In July 2024 the top imports of Spain from China were Cars (€271M), Semiconductor Devices (€237M), Electric Batteries (€197M), Telephones (€180M), and Computers (€139M).

Origins In July 2024 the exports of Spain were mainly from Madrid (€146M), Barcelona (€112M), Huelva (€109M), Álava (€51.3M), and Zaragoza (€39.1M), while imports destinations were mainly Barcelona (€1.05B), Madrid (€902M), Valencia (€410M), Zaragoza (€180M), and Alicante (€152M).

Growth In July 2024, the decrease in Spain's year-by-year exports to China was explained primarily by an decrease in product exports in Copper Ore (€-91.1M or -83.5%), Motor vehicles; parts and accessories (8701... (€-19.9M or -59.7%), and Polyacetals (€-13.3M or -75.7%). In July 2024, the decrease in Spain's year-by-year imports  from China was explained primarily by an decrease in product imports  in Computers (€-91.5M or -39.7%), Laboratory Reagents (€-50.8M or -94.7%), and Inedible Fats and Oils (€-26.9M or -69.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-62.8M(-7.76%)
IMPORT GROWTH (July 2023 - July 2024)€-58.4M(-1.47%)
MAIN EXPORTER (July 2024)Madrid€146M

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 China and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore China and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $8.51B 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 5 years the exports of Spain to China have increased at an annualized rate of 4.38%, from $6.87B in 2017 to $8.51B in 2022.

In 2017, China exported $47B 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 3.38%, from $26.7B in 2022 to $47B in 2017.

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

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

Market Competitiveness

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

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

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

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

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

Comparative Advantage Spain - China

Flow
Scale

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

During 2022, 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).

During 2017, China had a large net trade with Spain in the exports of Machines ($17.9B), Textiles ($5.45B), and Miscellaneous ($4.17B).

Potential Exports

Potential Exports

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

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 China. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over China. Similarly, a dot/product with the flag of China indicates it has a comparative advantage over Spain.

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

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