Flag Spain / Iran Flag

Exports FlagFlag  (2018): $689M, Rnk 54 / 209

Top Product FlagFlag (2018): $131M, Iron Pipes

Exports FlagFlag (2018): $2.17B, Rnk 7 / 116

Top Product FlagFlag (2018): $2.03B, Crude Petroleum

Economic Complexity of Flag (2018): ECI 0.85, Rnk 33 / 137

Economic Complexity of Flag (2018): ECI -0.046, Rnk 67 / 137

GDP Flag (2018): $1.42T, CURRENT US$
Rnk 14 / 196

GDP GROWTH Flag (2008-2018): -12.7%, CURRENT US$
Rnk 186 / 196

GDP PC Flag (2018): $30,371, CURRENT US$
Rnk 35 / 196

GDP PC GROWTH Flag (2008-2018): -14.1%, CURRENT US$
Rnk 173 / 196

Spain-Iran: In 2018, Spain exported $689M to Iran. The main products exported from Spain to Iran were Iron Pipes ($131M), Carbon-based Electronics ($62.7M), and Valves ($56.4M). During the last 23 years the exports of Spain to Iran have increased at an annualized rate of 6.89%, from $149M in 1995 to $689M in 2018. 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 2018, Iran exported $2.17B to Spain. The main products exported from Iran to Spain were Crude Petroleum ($2.03B), Other Nuts ($39.1M), and Spices ($33.7M). During the last 23 years the exports of Iran to Spain have increased at an annualized rate of 5.04%, from $701M in 1995 to $2.17B in 2018.

Comparison: In 2018, Spain ranked 33 in the Economic Complexity Index (ECI 0.85), and 15 in total exports ($330B). That same year, Iran ranked 67 in the Economic Complexity Index (ECI -0.046), and 48 in total exports ($62.6B). In terms of GDP Per Capita, Spain was ranked 35 with a GDP Per Capita of $30,371, while Iran has no data regarding GDP Per Capita in 2018.

Bilateral Trade by Products

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Depth
Value

In 2018, Spain exported $689M to Iran. The main products exported from Spain to Iran were Iron Pipes ($131M), Carbon-based Electronics ($62.7M), and Valves ($56.4M). During the last 23 years the exports of Spain to Iran have increased at an annualized rate of 6.89%, from $149M in 1995 to $689M in 2018.

In 2018, Iran exported $2.17B to Spain. The main products exported from Iran to Spain were Crude Petroleum ($2.03B), Other Nuts ($39.1M), and Spices ($33.7M). During the last 23 years the exports of Iran to Spain have increased at an annualized rate of 5.04%, from $701M in 1995 to $2.17B in 2018.

Market Competitiveness

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Measure

Spain
Top Destination
: France, $48.6B

Iran
Top Destination
: China, $18.9B

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 2018, countries that imported more from Spain than Iran were France ($48.6B), Germany ($36.3B), and Portugal ($27.2B).

In 2018, countries that imported more from Iran than Spain were India ($13.4B), China ($18.9B), and United Arab Emirates ($4.73B).

Comparative Advantage Spain - Iran

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Depth

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

During 2018, Spain had a large net trade with Iran in the exports of Machines ($335M), Metals ($161M), and Chemical Products ($78.3M).

During 2018, Iran had a large net trade with Spain in the exports of Mineral Products ($2.03B), Vegetable Products ($79.8M), and Plastics and Rubbers ($17.9M).

Tariff Section

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This sections shows import tariffs for products traded between Spain and Iran (using the HS6 product classification and the last year reported).

In 2017, the products from Spain that paid the highest import tariffs to enter Iran were Sugar beet (178%) and Whey (173%).

In 2011, the products from Iran that paid the highest import tariffs to enter Spain were Wine lees, argol (400%) and Poppy seeds (200%).

Explore Tariff Data

*The tariffs present between Spain and Iran are:
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Spain and Iran. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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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.

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 red.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over Iran. Similarly, the more red a dot/product is, the more Iran has comparative advantage over Spain.