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2023
Flag → Flag
Exports $40.2BRnk 2 / 220
2023
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Top Product $8BCars
2023
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Exports $50.4BRnk 11 / 220
2023
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Top Product $5.15BCars
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 1.79Rnk 5 / 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$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 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$54,343CURRENT US$
Rnk 21 / 196
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195

About

Spain-Germany Trade: In 2023, Spain exported $40.2B to Germany. The main products that Spain exported to Germany were Cars ($8B), Motor vehicles; parts and accessories (8701 to 8705) ($2.9B), and Packaged Medicaments ($1.87B). Over the past 5 years the exports of Spain to Germany have increased at an annualized rate of 2.07%, from $36.3B in 2018 to $40.2B in 2023.

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 2023, Germany exported $50.4B to Spain. The main products that Germany exported to Spain were Cars ($5.15B), Motor vehicles; parts and accessories (8701 to 8705) ($3.67B), and Packaged Medicaments ($2.23B). Over the past 5 years the exports of Germany to Spain have increased at an annualized rate of 0.74%,  from $48.5B in 2018 to $50.4B in 2023.

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 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.79), and 3 in total exports ($1.57T).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €3.21B and imported €3.88B from Germany, resulting in a negative trade balance of €679M. Between November 2023 and November 2024 the exports of Spain have decreased by €-750M (-19%) from €3.96B to €3.21B, while imports decreased by €-520M (-11.8%) from €4.41B to €3.88B.

Trade In November 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 November 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 November 2024 the exports of Spain were mainly from Barcelona (€792M), Madrid (€294M), Álava (€221M), Valencia (€199M), and Navarra (€157M), while imports destinations were mainly Madrid (€1.11B), Barcelona (€1.04B), Álava (€228M), Valencia (€138M), and Navarra (€124M).

Growth In November 2024, the decrease in Spain's year-by-year exports to Germany was explained primarily by an decrease in product exports in Engine Parts (€-8.72M or -58.7%), Aluminium Plating (€-8.15M or -36%), and Tractors (€-7.61M or -89%). In November 2024, the decrease in Spain's year-by-year imports  from Germany was explained primarily by an decrease in product imports  in Video and Card Games (€-28.1M or -78.2%), Special Pharmaceuticals (€-23M or -73.6%), and Scrap Iron (€-19.5M or -94.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-750M(-19%)
IMPORT GROWTH (November 2023 - November 2024)€-520M(-11.8%)
MAIN EXPORTER (November 2024)Barcelona€792M

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.

For full datasets download visit Bulk Download page.

Explore Germany and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $40.2B to Germany. The main products exported from Spain to Germany were Cars ($8B), Motor vehicles; parts and accessories (8701 to 8705) ($2.9B), and Packaged Medicaments ($1.87B). During the last 5 years the exports of Spain to Germany have increased at an annualized rate of 2.07%, from $36.3B in 2018 to $40.2B in 2023.

In 2018, Germany exported $50.4B to Spain. The main products exported from Germany to Spain were Cars ($5.15B), Motor vehicles; parts and accessories (8701 to 8705) ($3.67B), and Packaged Medicaments ($2.23B). During the last 5 years the exports of Germany to Spain have increased at an annualized rate of 0.74%, from $48.5B in 2023 to $50.4B in 2018.

Exports from Spain (Flag) to Germany (Flag) (2023)

Exports from Germany (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Germany
Top DestinationUnited States$157B

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 2023, countries that imported more from Spain than Germany included Portugal ($38.1B), Morocco ($11.7B), and Panama ($2.36B).

In 2023, countries that imported more from Germany than Spain included United States ($157B), Netherlands ($108B), and China ($104B).

Difference in imports from Germany (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - Germany

Flow
Scale

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

During 2023, Spain had a large net trade with Germany in the exports of Transportation ($13.8B), Chemical Products ($5.09B), and Vegetable Products ($5.08B).

During 2018, Germany had a large net trade with Spain in the exports of Machines ($13.4B), Transportation ($11.2B), and Chemical Products ($7.48B).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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 (Flag) to Germany (Flag) (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

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 (Flag) and Germany (Flag) (2023)

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