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2022
Flag → Flag
Exports $2.66BRnk 25 / 218
2022
Flag → Flag
Top Product $680MCrude Petroleum
2022
Flag → Flag
Exports $5.31BRnk 29 / 217
2022
Flag → Flag
Top Product $295MNitrogen Heterocyclic Compounds
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186

About

Spain-India Trade: In 2022, Spain exported $2.66B to India. The main products that Spain exported to India were Crude Petroleum ($680M), Refined Petroleum ($108M), and Prepared Pigments ($103M). Over the past 5 years the exports of Spain to India have increased at an annualized rate of 8.65%, from $1.76B in 2017 to $2.66B in 2022.

In 2018, Spain exported services to India worth $0, with being the largest in terms of value.

India-Spain Trade: In 2022, India exported $5.31B to Spain. The main products that India exported to Spain were Nitrogen Heterocyclic Compounds ($295M), Molluscs ($218M), and Refined Petroleum ($192M). Over the past 5 years the exports of India to Spain have increased at an annualized rate of 5.04%,  from $4.15B in 2017 to $5.31B in 2022.

In 2022, India did not export any services to Spain.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Latest Trends

June, 2024

About

Overview In June 2024, Spain exported €167M and imported €449M from India, resulting in a negative trade balance of €282M. Between June 2023 and June 2024 the exports of Spain have decreased by €-19.8M (-10.6%) from €187M to €167M, while imports decreased by €-65.5M (-12.7%) from €515M to €449M.

Trade In June 2024, the top exports of Spain to India were Commodities not elsewhere specified (€12.7M), Prepared Pigments (€7.08M), Motor vehicles; parts and accessories (8701... (€6.15M), Petroleum Coke (€5.71M), and Recovered Paper (€4.89M). In June 2024 the top imports of Spain from India were Refined Petroleum (€66.4M), Nitrogen Heterocyclic Compounds (€40.6M), Telephones (€22.5M), Coated Flat-Rolled Iron (€19.8M), and Molluscs (€16.5M).

Origins In June 2024 the exports of Spain were mainly from Barcelona (€43.4M), Madrid (€15.1M), Castellón (€12.8M), Sevilla (€12.5M), and Murcia (€11.4M), while imports destinations were mainly Barcelona (€159M), Madrid (€101M), Valencia (€32.7M), Zaragoza (€22.2M), and Tarragona (€11.8M).

Growth In June 2024, the decrease in Spain's year-by-year exports to India was explained primarily by an decrease in product exports in Polyacetals (€-8.37M or -89.3%), Refined Petroleum (€-4.26M or -52.5%), and Recovered Paper (€-3.46M or -41.4%). In June 2024, the decrease in Spain's year-by-year imports  from India was explained primarily by an decrease in product imports  in Coated Flat-Rolled Iron (€-19.3M or -49.3%), Hot-Rolled Iron (€-18.4M or -91%), and Cold-Rolled Iron (€-9.7M or -71.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€-19.8M(-10.6%)
IMPORT GROWTH (June 2023 - June 2024)€-65.5M(-12.7%)
MAIN EXPORTER (June 2024)Barcelona€43.4M

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 India and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore India and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $2.66B to India. The main products exported from Spain to India were Crude Petroleum ($680M), Refined Petroleum ($108M), and Prepared Pigments ($103M). During the last 5 years the exports of Spain to India have increased at an annualized rate of 8.65%, from $1.76B in 2017 to $2.66B in 2022.

In 2017, India exported $5.31B to Spain. The main products exported from India to Spain were Nitrogen Heterocyclic Compounds ($295M), Molluscs ($218M), and Refined Petroleum ($192M). During the last 5 years the exports of India to Spain have increased at an annualized rate of 5.04%, from $4.15B in 2022 to $5.31B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
India
Top DestinationUnited States$82.9B

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

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

In 2022, countries that imported more from India than Spain included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

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

Comparative Advantage Spain - India

Flow
Scale

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

During 2022, Spain had a large net trade with India in the exports of Mineral Products ($821M), Chemical Products ($547M), and Machines ($340M).

During 2017, India had a large net trade with Spain in the exports of Chemical Products ($1.02B), Textiles ($1.02B), and Metals ($844M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain India+$186MRefined Petroleum
Top Product Potential India Spain+$461MRefined 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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Economic Complexity

Competitive Landscape

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

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

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