2022
Flag  
GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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 GDP
$3.07TCURRENT US$
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2012-2022
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GDP GROWTH
13.5%CURRENT US$
Rnk 139 / 186
2022
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GDP PC 
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC
$45,850CURRENT US$
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2012-2022
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GDP PC GROWTH
7.92%CURRENT US$
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About

Spain-United Kingdom Trade: In 2022, Spain exported $21.3B 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 24.3%, from $7.18B in 2017 to $21.3B 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 $13.1B 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 increased at an annualized rate of 7.25%,  from $9.23B in 2017 to $13.1B 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).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $21.3B 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 24.3%, from $7.18B in 2017 to $21.3B in 2022.

In 2017, United Kingdom exported $13.1B 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 22 years the exports of United Kingdom to Spain have increased at an annualized rate of 7.25%, from $9.23B in 1995 to $13.1B 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 Destination
France$65.2B
United Kingdom
Top Destination
United 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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