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2022
Flag → Flag
Exports $3.16BRnk 19 / 218
2022
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Top Product $253MRefined Petroleum
2022
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Exports $1.92BRnk 9 / 208
2022
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Top Product $497MRefined Petroleum
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.33Rnk 50 / 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$219BCURRENT US$
Rnk 54 / 186
2012-2022
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GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 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$20,732CURRENT US$
Rnk 50 / 186
2012-2022
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GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186

About

Spain-Greece Trade: In 2022, Spain exported $3.16B to Greece. The main products that Spain exported to Greece were Refined Petroleum ($253M), Cars ($227M), and Cyclic Hydrocarbons ($127M). Over the past 5 years the exports of Spain to Greece have increased at an annualized rate of 6.87%, from $2.27B in 2017 to $3.16B in 2022.

In 2009, Spain exported services to Greece worth $831M, with Services not allocated ($527M), Travel ($176M), and Transportation ($128M) being the largest in terms of value.

Greece-Spain Trade: In 2022, Greece exported $1.92B to Spain. The main products that Greece exported to Spain were Refined Petroleum ($497M), Non-fillet Fresh Fish ($212M), and Computers ($182M). Over the past 5 years the exports of Greece to Spain have increased at an annualized rate of 19.9%,  from $776M in 2017 to $1.92B in 2022.

In 2020, Greece exported services to Spain worth $406M, with Transportation ($271M), Travel ($51.4M), and Other business services ($45.6M) 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €249M and imported €72.8M from Greece, resulting in a positive trade balance of €176M. Between August 2023 and August 2024 the exports of Spain have decreased by €-34.6M (-12.2%) from €283M to €249M, while imports decreased by €-46.7M (-39.1%) from €120M to €72.8M.

Trade In August 2024, the top exports of Spain to Greece were Cars (€21.9M), Refined Copper (€16.8M), Non-Knit Women's Suits (€9.36M), Bovine Meat (€8.79M), and Cyclic Hydrocarbons (€7.85M). In August 2024 the top imports of Spain from Greece were Refined Petroleum (€72.9M), Pure Olive Oil (€11.7M), Non-fillet Fresh Fish (€11.4M), Other Fruits (€6.36M), and Copper Pipes (€4.46M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€40.7M), A Coruña (€39.7M), Huelva (€21.6M), Tarragona (€18.8M), and Pontevedra (€18.3M), while imports destinations were mainly Barcelona (€23.1M), Castellón (€8.73M), Madrid (€6.77M), La Rioja (€5.84M), and Huelva (€5.8M).

Growth In August 2024, the decrease in Spain's year-by-year exports to Greece was explained primarily by an decrease in product exports in Refined Petroleum (€-10.7M or -66.9%), Other Oily Seeds (€-2.85M or -98.4%), and Coal Tar Oil (€-1.9M or -100%). In August 2024, the decrease in Spain's year-by-year imports  from Greece was explained primarily by an decrease in product imports  in Non-fillet Fresh Fish (€-4.14M or -26.7%), Packaged Medicaments (€-3.18M or -52.8%), and Metal Stoppers (€-903k or -92.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-34.6M(-12.2%)
IMPORT GROWTH (August 2023 - August 2024)€-46.7M(-39.1%)
MAIN EXPORTER (August 2024)Barcelona€40.7M

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 Greece and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Greece and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $3.16B to Greece. The main products exported from Spain to Greece were Refined Petroleum ($253M), Cars ($227M), and Cyclic Hydrocarbons ($127M). During the last 5 years the exports of Spain to Greece have increased at an annualized rate of 6.87%, from $2.27B in 2017 to $3.16B in 2022.

In 2017, Greece exported $1.92B to Spain. The main products exported from Greece to Spain were Refined Petroleum ($497M), Non-fillet Fresh Fish ($212M), and Computers ($182M). During the last 5 years the exports of Greece to Spain have increased at an annualized rate of 19.9%, from $776M in 2022 to $1.92B in 2017.

Exports from Spain (Flag) to Greece (Flag) (2022)

Exports from Greece (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from Spain than Greece included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Greece than Spain included Cyprus ($2.92B), Bulgaria ($3.62B), and North Macedonia ($1.7B).

Difference in imports from Greece (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Greece

Flow
Scale

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

During 2022, Spain had a large net trade with Greece in the exports of Textiles ($451M), Chemical Products ($450M), and Mineral Products ($355M).

During 2017, Greece had a large net trade with Spain in the exports of Mineral Products ($550M), Animal Products ($268M), and Machines ($226M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Greece+$68.8MCars
Top Product Potential Greece Spain+$109MRefined Petroleum

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 2009, Spain exported services to Greece worth $831M, with Services not allocated ($527M), Travel ($176M), and Transportation ($128M) being the largest in terms of value.

In 2020, Greece exported services to Spain worth $406M, with Transportation ($271M), Travel ($51.4M), and Other business services ($45.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Greece (Flag) (2009)

Services Exports from Greece (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 Greece. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Greece (Flag) (2022)

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