Spain (ESP) and Germany (DEU) Trade

2022

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Exports $34.9BRnk 2 / 218

2022

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About

Spain-Germany Trade: In 2022, Spain exported $34.9B to Germany. The main products that Spain exported to Germany were Cars ($7.69B), Motor vehicles; parts and accessories (8701 to 8705) ($1.7B), and Packaged Medicaments ($1.39B). Over the past 5 years the exports of Spain to Germany have increased at an annualized rate of 20.5%, from $13.7B in 2017 to $34.9B in 2022.

In 2020, Spain exported services to Germany worth $2.46B, with Travel ($2.46B) being the largest in terms of value.

Germany-Spain Trade: In 2022, Germany exported $46.1B to Spain. The main products that Germany exported to Spain were Cars ($4.54B), Motor vehicles; parts and accessories (8701 to 8705) ($2.35B), and Packaged Medicaments ($2.15B). Over the past 5 years the exports of Germany to Spain have increased at an annualized rate of 22.1%, from $17B in 2017 to $46.1B in 2022.

In 2020, Germany exported services to Spain worth $5.92B, with Other business services ($2.45B), Transportation ($1.14B), and Travel ($663M) being the largest in terms of value.

Comparison: In 2022, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Latest Trends

April, 2024

About

Overview In April 2024, Spain exported €3.61B and imported €4.14B from Germany, resulting in a negative trade balance of €528M. Between April 2023 and April 2024 the exports of Spain have increased by €611M (20.4%) from €3B to €3.61B, while imports increased by €455M (12.3%) from €3.68B to €4.14B.

Trade In April 2024, the top exports of Spain to Germany were Cars (€532M), Citrus (€161M), Motor vehicles; parts and accessories (8701... (€158M), Petroleum Gas (€131M), and Packaged Medicaments (€114M). In April 2024 the top imports of Spain from Germany were Cars (€345M), Motor vehicles; parts and accessories (8701... (€239M), Packaged Medicaments (€168M), Spark-Ignition Engines (€110M), and Vaccines, blood, antisera, toxins and cultures (€106M).

Origins In April 2024 the exports of Spain were mainly from Barcelona (€829M), Madrid (€492M), Valencia (€184M), Sevilla (€175M), and Álava (€149M), while imports destinations were mainly Barcelona (€1.19B), Madrid (€1.1B), Valencia (€202M), Navarra (€137M), and Álava (€136M).

Growth In April 2024, the increase in Spain's year-by-year exports to Germany was explained primarily by an increase in product exports in Petroleum Gas (€128M or 3.38k%), Packaged Medicaments (€39.6M or 53.4%), and Aircraft parts including unmanned craft (€28.8M or 179%). In April 2024, the increase in Spain's year-by-year imports from Germany was explained primarily by an increase in product imports in Cars (€84.3M or 32.4%), Spark-Ignition Engines (€58M or 112%), and Packaged Medicaments (€52.4M or 45.2%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)€611M(20.4%)

IMPORT GROWTH (April 2023 - April 2024)€455M(12.3%)

MAIN EXPORTER (April 2024)Barcelona€829M

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 Germany and Spain trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Spain exported $34.9B to Germany. The main products exported from Spain to Germany were Cars ($7.69B), Motor vehicles; parts and accessories (8701 to 8705) ($1.7B), and Packaged Medicaments ($1.39B). During the last 5 years the exports of Spain to Germany have increased at an annualized rate of 20.5%, from $13.7B in 2017 to $34.9B in 2022.

In 2017, Germany exported $46.1B to Spain. The main products exported from Germany to Spain were Cars ($4.54B), Motor vehicles; parts and accessories (8701 to 8705) ($2.35B), and Packaged Medicaments ($2.15B). During the last 22 years the exports of Germany to Spain have increased at an annualized rate of 22.1%, from $17B in 1995 to $46.1B in 2017.

Exports from Spain () to Germany () (2022)

Exports from Germany () to Spain () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Spain
Top DestinationFrance$65.2B

Germany
Top DestinationUnited States$153B

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

In 2022, countries that imported more from Spain than Germany included Portugal ($34.9B), Morocco ($12.1B), and Gibraltar ($2.2B).

In 2022, countries that imported more from Germany than Spain included United States ($153B), China ($109B), and Netherlands ($109B).

Difference in imports from Germany () and Spain () (2022)

Comparative Advantage Spain - Germany

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Spain had a large net trade with Germany in the exports of Transportation ($11.8B), Vegetable Products ($5.13B), and Machines ($4.75B).

During 2017, Germany had a large net trade with Spain in the exports of Machines ($13.2B), Transportation ($8.87B), and Chemical Products ($8.27B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Spain Germany+$399MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Germany Spain+$675MCars

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

Deu Year

Esp Year

In 2020, Spain exported services to Germany worth $2.46B, with Travel ($2.46B) being the largest in terms of value.

In 2020, Germany exported services to Spain worth $5.92B, with Other business services ($2.45B), Transportation ($1.14B), and Travel ($663M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain () to Germany () (2020)

Services Exports from Germany () to Spain () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of Spain () and Germany () (2022)

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