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2022
Flag → Flag
Exports $22.6BRnk 5 / 218
2022
Flag → Flag
Top Product $3.44BCars
2022
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Exports $11.9BRnk 8 / 224
2022
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Top Product $930MGas Turbines
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
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GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
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GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Spain-United Kingdom Trade: In 2022, Spain exported $22.6B to United Kingdom. The main products that Spain exported to United Kingdom were Cars ($3.44B), Gold ($1.4B), and Delivery Trucks ($732M). Over the past 5 years the exports of Spain to United Kingdom have increased at an annualized rate of 1.18%, from $21.3B in 2017 to $22.6B in 2022.

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 2022, United Kingdom exported $11.9B to Spain. The main products that United Kingdom exported to Spain were Gas Turbines ($930M), Cars ($884M), and Precious Metal Scraps ($678M). Over the past 5 years the exports of United Kingdom to Spain have decreased at an annualized rate of 1.9%,  from $13.1B in 2017 to $11.9B in 2022.

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 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €1.39B and imported €682M from United Kingdom, resulting in a positive trade balance of €704M. Between August 2023 and August 2024 the exports of Spain have decreased by €-97.1M (-6.55%) from €1.48B to €1.39B, while imports increased by €22.1M (3.35%) from €660M to €682M.

Trade In August 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 August 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 August 2024 the exports of Spain were mainly from Madrid (€302M), Barcelona (€227M), Vizcaya (€72.4M), Valencia (€60.6M), and Navarra (€56.4M), while imports destinations were mainly Madrid (€234M), Barcelona (€76.8M), Salamanca (€73.2M), Cantabria (Santander) (€40.6M), and Valencia (€27.7M).

Growth In August 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 August 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 (August 2023 - August 2024)€-97.1M(-6.55%)
IMPORT GROWTH (August 2023 - August 2024)€22.1M(3.35%)
MAIN EXPORTER (August 2024)Madrid€302M

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 2022, Spain exported $22.6B to United Kingdom. The main products exported from Spain to United Kingdom were Cars ($3.44B), Gold ($1.4B), and Delivery Trucks ($732M). During the last 5 years the exports of Spain to United Kingdom have increased at an annualized rate of 1.18%, from $21.3B in 2017 to $22.6B in 2022.

In 2017, United Kingdom exported $11.9B to Spain. The main products exported from United Kingdom to Spain were Gas Turbines ($930M), Cars ($884M), and Precious Metal Scraps ($678M). During the last 5 years the exports of United Kingdom to Spain have decreased at an annualized rate of 1.9%, from $13.1B in 2022 to $11.9B in 2017.

Exports from Spain (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
United Kingdom
Top DestinationUnited States$61.8B

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 2022, countries that imported more from Spain than United Kingdom included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

In 2022, countries that imported more from United Kingdom than Spain included United States ($61.8B), Ireland ($32.6B), and Netherlands ($41.9B).

Difference in imports from United Kingdom (Flag) and Spain (Flag) (2022)

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 2022, Spain had a large net trade with United Kingdom in the exports of Transportation ($5.58B), Machines ($2.53B), and Vegetable Products ($2.41B).

During 2017, United Kingdom had a large net trade with Spain in the exports of Machines ($2.49B), Chemical Products ($1.83B), and Transportation ($1.74B).

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) (2022)

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