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2023
Flag → Flag
Exports $25.5BRnk 5 / 220
2023
Flag → Flag
Top Product $5.06BCars
2023
Flag → Flag
Exports $11.3BRnk 9 / 223
2023
Flag → Flag
Top Product $1.25BCars
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
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$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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$49,464CURRENT US$
Rnk 26 / 196
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Spain-United Kingdom Trade: In 2023, Spain exported $25.5B to United Kingdom. The main products that Spain exported to United Kingdom were Cars ($5.06B), Gold ($1.49B), and Delivery Trucks ($1.3B). Over the past 5 years the exports of Spain to United Kingdom have increased at an annualized rate of 3.03%, from $22B in 2018 to $25.5B in 2023.

In 2020, Spain exported services to United Kingdom worth $2.9B, with Travel ($2.9B) being the largest in terms of value.

United Kingdom-Spain Trade: In 2023, United Kingdom exported $11.3B to Spain. The main products that United Kingdom exported to Spain were Cars ($1.25B), Precious Metal Scraps ($747M), and Nitrogen Heterocyclic Compounds ($617M). Over the past 5 years the exports of United Kingdom to Spain have decreased at an annualized rate of 3.59%,  from $13.6B in 2018 to $11.3B in 2023.

In 2019, United Kingdom exported services to Spain worth $10.9B, with Transportation ($3.93B), Other business services ($2.27B), and Travel ($2.11B) 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, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €2.04B and imported €872M from United Kingdom, resulting in a positive trade balance of €1.16B. Between November 2023 and November 2024 the exports of Spain have decreased by €-62.1M (-2.96%) from €2.1B to €2.04B, while imports increased by €48.3M (5.86%) from €824M to €872M.

Trade In November 2024, the top exports of Spain to United Kingdom were Cars (€189M), Gold (€104M), Gas Turbines (€79.6M), Other Vegetables (€59.7M), and Delivery Trucks (€54.5M). In November 2024 the top imports of Spain from United Kingdom were Cars (€61.9M), Gold (€59.5M), Precious Metal Scraps (€50.7M), Radioactive Chemicals (€49.5M), and Crude Petroleum (€46M).

Origins In November 2024 the exports of Spain were mainly from Madrid (€497M), Barcelona (€309M), Zaragoza (€114M), Valencia (€106M), and Asturias (€88.5M), while imports destinations were mainly Madrid (€266M), Barcelona (€162M), Salamanca (€70.7M), Cantabria (Santander) (€42.8M), and Valencia (€34M).

Growth In November 2024, the decrease in Spain's year-by-year exports to United Kingdom was explained primarily by an decrease in product exports in Cars (€-80.6M or -30%), Gold (€-20.9M or -16.8%), and Precious Metal Scraps (€-14.7M or -52.8%). In November 2024, the increase in Spain's year-by-year imports  from United Kingdom was explained primarily by an increase in product imports  in Precious Metal Scraps (€36M or 245%), Radioactive Chemicals (€26.4M or 115%), and Silver (€21.3M or 97.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-62.1M(-2.96%)
IMPORT GROWTH (November 2023 - November 2024)€48.3M(5.86%)
MAIN EXPORTER (November 2024)Madrid€497M

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 Kingdom and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Kingdom and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $25.5B to United Kingdom. The main products exported from Spain to United Kingdom were Cars ($5.06B), Gold ($1.49B), and Delivery Trucks ($1.3B). During the last 5 years the exports of Spain to United Kingdom have increased at an annualized rate of 3.03%, from $22B in 2018 to $25.5B in 2023.

In 2018, United Kingdom exported $11.3B to Spain. The main products exported from United Kingdom to Spain were Cars ($1.25B), Precious Metal Scraps ($747M), and Nitrogen Heterocyclic Compounds ($617M). During the last 5 years the exports of United Kingdom to Spain have decreased at an annualized rate of 3.59%, from $13.6B in 2023 to $11.3B in 2018.

Exports from Spain (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, countries that imported more from Spain than United Kingdom included Portugal ($38.1B), France ($61.9B), and Italy ($34.7B).

In 2023, countries that imported more from United Kingdom than Spain included United States ($59.7B), China ($35.3B), and Ireland ($29.1B).

Difference in imports from United Kingdom (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - United Kingdom

Flow
Scale

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

During 2023, Spain had a large net trade with United Kingdom in the exports of Transportation ($7.99B), Vegetable Products ($2.86B), and Machines ($2.57B).

During 2018, United Kingdom had a large net trade with Spain in the exports of Chemical Products ($2.35B), Transportation ($2.24B), and Machines ($1.88B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain United Kingdom+$490MCars
Top Product Potential United Kingdom Spain+$379MCars

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 United Kingdom worth $2.9B, with Travel ($2.9B) being the largest in terms of value.

In 2019, United Kingdom exported services to Spain worth $10.9B, with Transportation ($3.93B), Other business services ($2.27B), and Travel ($2.11B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Spain (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

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

Product Space of Spain (Flag) and United Kingdom (Flag) (2023)

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