Spain (ESP) and Iran (IRN) Trade | The Observatory of Economic Complexity

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Spain (ESP) and Iran (IRN) Trade

2022

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Exports $240MRnk 85 / 218

2022

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About

Spain-Iran In 2022, Spain exported $240M to Iran. The main products that Spain exported to Iran are Industrial Furnaces ($41.1M), Valves ($29.6M), and Mixed Mineral or Chemical Fertilizers ($15.3M). During the last 27 years the exports of Spain to Iran have increased at an annualized rate of 1.79%, from $149M in 1995 to $240M in 2022.

In 2003, Spain exported services to Iran worth $39.2M, with Transportation ($12.6M), Other business services ($10.1M), and Construction services ($7.58M) being the largest in terms of value.

Iran-Spain In 2022, Iran exported $161M to Spain. The main products that Iran exported to Spain were Spices ($41.1M), Float Glass ($24.5M), and Other Nuts ($23.1M). During the last 27 years the exports of Iran to Spain have decreased at an annualized rate of 5.25%, from $691M in 1995 to $161M in 2022.

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

Comparison In 2022, Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B). That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.071), and 86 in total exports ($15.9B).

Latest Trends

January, 2024

About

Overview In January 2024, Spain exported €25M and imported €7.38M from Iran, resulting in a positive trade balance of €17.6M. Between January 2023 and January 2024 the exports of Spain have increased by €9.5M (61.5%) from €15.4M to €25M, while imports decreased by €-938k (-11.3%) from €8.32M to €7.38M.

Trade In January 2024, the top exports of Spain to Iran were Centrifuges (€2.95M), Valves (€1.97M), Scented Mixtures (€1.59M), Mixed Mineral or Chemical Fertilizers (€1.11M), and Transmissions (€1.09M). In January 2024 the top imports of Spain from Iran were Spices (€2.55M), Other Nuts (€1.85M), Float Glass (€888k), Ethylene Polymers (€703k), and Cast Iron Pipes (€609k).

Origins In January 2024 the exports of Spain were mainly from Navarra (€14.2M), Barcelona (€4.8M), Lleida (€1.11M), Pontevedra (€1.05M), and Valladolid (€650k), while imports destinations were mainly Valencia (€1.77M), Alicante (€1.55M), Málaga (€1.2M), Madrid (€802k), and Toledo (€430k).

Growth In January 2024, the increase in Spain's year-by-year exports to Iran was explained primarily by an increase in product exports in Centrifuges (€2.94M or 124k%), Valves (€636k or 47.7%), and Sowing Seeds (€535k or 1.34k%). In January 2024, the decrease in Spain's year-by-year imports from Iran was explained primarily by an decrease in product imports in Ethylene Polymers (€-1.39M or -66.4%), Float Glass (€-659k or -42.6%), and Spices (€-375k or -12.8%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€9.5M(61.5%)

IMPORT GROWTH (January 2023 - January 2024)€-938k(-11.3%)

MAIN EXPORTER (January 2024)Navarra€14.2M

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 Iran and Spain trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Spain exported $240M to Iran. The main products exported from Spain to Iran were Industrial Furnaces ($41.1M), Valves ($29.6M), and Mixed Mineral or Chemical Fertilizers ($15.3M). During the last 27 years the exports of Spain to Iran have increased at an annualized rate of 1.79%, from $149M in 1995 to $240M in 2022.

In 2022, Iran exported $161M to Spain. The main products exported from Iran to Spain were Spices ($41.1M), Float Glass ($24.5M), and Other Nuts ($23.1M). During the last 27 years the exports of Iran to Spain have decreased at an annualized rate of 5.25%, from $691M in 1995 to $161M in 2022.

Exports from Spain () to Iran () (2022)

Exports from Iran () to Spain () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Spain
Top DestinationFrance$65.2B

Iran
Top DestinationChina$5.72B

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

In 2021, countries that imported more from Spain than Iran were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2021, countries that imported more from Iran than Spain were Armenia ($557M), Pakistan ($762M), and Azerbaijan ($454M).

Difference in imports from Iran () and Spain () (2022)

Comparative Advantage Spain - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Spain had a large net trade with Iran in the exports of Machines ($116M), Chemical Products ($73.5M), and Paper Goods ($14.7M).

During 2022, Iran had a large net trade with Spain in the exports of Vegetable Products ($66.2M), Metals ($28.2M), and Stone And Glass ($26.9M).

Service Trade

Bilateral Service Trade

Esp Year

In 2003, Spain exported services to Iran worth $39.2M, with Transportation ($12.6M), Other business services ($10.1M), and Construction services ($7.58M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain () to Iran () (2003)

Economic Complexity

Competitive Landscape

Year

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 Iran. Similarly, the more yellow a dot/product is, the more Iran has comparative advantage over Spain.

Product Space of Spain () and Iran () (2022)

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