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Flag Spain / United Kingdom Flag

2021
Flag → Flag
Exports: $21.6B, Rnk 5 / 222

2021
Flag → Flag
Top Product: $3.17B, Cars

2021
Flag → Flag
Exports: $11.5B, Rnk 9 / 222

2021
Flag → Flag
Top Product: $1.58B, Gold

2021
Flag
Economic Complexity (ECI): ECI 0.78, Rnk 35 / 131

2021
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Economic Complexity (ECI): ECI 1.43, Rnk 11 / 131

2021
Flag  
GDP: $1.43T, CURRENT US$
Rnk 14 / 182

2011-2021
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GDP GROWTH: -3.74%, CURRENT US$
Rnk 158 / 182

2021
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 GDP: $3.19T, CURRENT US$
Rnk 5 / 182

2011-2021
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GDP GROWTH: 19.1%, CURRENT US$
Rnk 110 / 182

2021
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GDP PC : $30,116, CURRENT US$
Rnk 32 / 182

2011-2021
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GDP PC GROWTH: -4.93%, CURRENT US$
Rnk 139 / 182

2021
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GDP PC: $47,334, CURRENT US$
Rnk 22 / 182

2011-2021
Flag
GDP PC GROWTH: 11.9%, CURRENT US$
Rnk 98 / 182

About

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Spain-United Kingdom In 2021, Spain exported $21.6B to United Kingdom. The main products that Spain exported to United Kingdom are Cars ($3.17B), Gold ($1.06B), and Delivery Trucks ($970M). During the last 26 years the exports of Spain to United Kingdom have increased at an annualized rate of 4.35%, from $7.16B in 1995 to $21.6B in 2021.

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 In 2021, United Kingdom exported $11.5B to Spain. The main products that United Kingdom exported to Spain were Gold ($1.58B), Cars ($981M), and Gas Turbines ($498M). During the last 26 years the exports of United Kingdom to Spain have increased at an annualized rate of 0.85%, from $9.24B in 1995 to $11.5B in 2021.

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 2021,  Spain ranked 35 in the Economic Complexity Index (ECI 0.78), and 16 in total exports ($372B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.43), and 13 in total exports ($420B).

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March, 2023

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Overview In March 2023, Spain exported €2.2B and imported €1.03B from United Kingdom, resulting in a positive trade balance of €1.18B. Between March 2022 and March 2023 the exports of Spain have increased by €523M (31.2%) from €1.68B to €2.2B, while imports increased by €165M (19.2%) from €860M to €1.03B.

Trade In March 2023, the top exports of Spain to United Kingdom were Cars (€269M), Gold (€125M), Gas Turbines (€69.4M), Delivery Trucks (€65.4M), and Other Vegetables (€57.6M). In March 2023 the top imports of Spain from United Kingdom were Crude Petroleum (€185M), Cars (€60.5M), Gold (€59.6M), Gas Turbines (€39.6M), and Refined Petroleum (€28.9M).

Origins In March 2023 the exports of Spain were mainly from Madrid (€483M), Barcelona (€320M), Valencia (€168M), Sevilla (€111M), and Zaragoza (€107M), while imports destinations were mainly Barcelona (€298M), Madrid (€291M), Vizcaya (€78.4M), Valencia (€48.5M), and Cantabria (Santander) (€47.1M).

Growth In March 2023, the increase in Spain's year-by-year exports to United Kingdom was explained primarily by an increase in product exports in Gas Turbines (€62.3M or 878%), Gold (€59.4M or 91.3%), and Precious Metal Scraps (€25.8M or 1.34k%). In March 2023, the increase in Spain's year-by-year imports  from United Kingdom was explained primarily by an increase in product imports  in Gold (€41.2M or 225%), Refined Petroleum (€28.5M or 8.04k%), and Silver (€21.9M or 429k%).

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Flow
Time Scale
Depth
Value

EXPORT GROWTH (March 2022 - March 2023): €523M, (31.2%)

IMPORT GROWTH (March 2022 - March 2023): €165M, (19.2%)

MAIN EXPORTER (March 2023): Madrid, €483M

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

Go to Bulk Download

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Spain exported $21.6B to United Kingdom. The main products exported from Spain to United Kingdom were Cars ($3.17B), Gold ($1.06B), and Delivery Trucks ($970M). During the last 26 years the exports of Spain to United Kingdom have increased at an annualized rate of 4.35%, from $7.16B in 1995 to $21.6B in 2021.

In 2021, United Kingdom exported $11.5B to Spain. The main products exported from United Kingdom to Spain were Gold ($1.58B), Cars ($981M), and Gas Turbines ($498M). During the last 26 years the exports of United Kingdom to Spain have increased at an annualized rate of 0.85%, from $9.24B in 1995 to $11.5B in 2021.

Market Competitiveness

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Color

Spain
Top Destination: France, $59B

United Kingdom
Top Destination: United States, $56.1B

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 2021, countries that imported more from Spain than United Kingdom were France ($59B), Portugal ($30.5B), and Italy ($30.6B).

In 2021, countries that imported more from United Kingdom than Spain were United States ($56.1B), Ireland ($28.4B), and Netherlands ($34.6B).

Comparative Advantage Spain - United Kingdom

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Flow
Scale

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

During 2021, Spain had a large net trade with United Kingdom in the exports of Transportation ($5.92B), Vegetable Products ($2.68B), and Machines ($2.03B).

During 2021, United Kingdom had a large net trade with Spain in the exports of Machines ($2.03B), Precious Metals ($2.03B), and Chemical Products ($1.82B).

Service Trade

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Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over United Kingdom. Similarly, the more yellow a dot/product is, the more United Kingdom has comparative advantage over Spain.

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