Flag Spain / Italy Flag

2020
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Exports
: $22.8B, Rnk 4 / 218

2020
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Top Product
: $3.15B, Cars

2020
FlagFlag
Exports
: $22B, Rnk 6 / 213

2020
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Top Product
: $1B, Motor vehicles; parts and accessories (8701 to 8705)

2020
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Economic Complexity (ECI)
: ECI 0.76, Rnk 34 / 127

2020
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Economic Complexity (ECI)
: ECI 1.3, Rnk 19 / 127

2020
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GDP
: $1.28T, CURRENT US$
Rnk 14 / 204

2010-2020
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GDP GROWTH
: -9.89%, CURRENT US$
Rnk 182 / 204

2020
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 GDP
: $1.89T, CURRENT US$
Rnk 8 / 204

2010-2020
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GDP GROWTH
: -11.4%, CURRENT US$
Rnk 186 / 204

2020
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GDP PC 
: $27,056, CURRENT US$
Rnk 42 / 204

2010-2020
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GDP PC GROWTH
: -11.4%, CURRENT US$
Rnk 171 / 204

2020
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GDP PC
: $31,835, CURRENT US$
Rnk 36 / 204

2010-2020
Flag
GDP PC GROWTH
: -11.7%, CURRENT US$
Rnk 172 / 204

Spain-Italy In 2020, Spain exported $22.8B to Italy. The main products that Spain exported to Italy are Cars ($3.15B), Pure Olive Oil ($839M), and Industrial Fatty Acids, Oils and Alcohols ($591M). During the last 25 years the exports of Spain to Italy have increased at an annualized rate of 4.15%, from $8.25B in 1995 to $22.8B in 2020.

In 2020, Spain exported services to Italy worth $704M, with Travel ($704M) being the largest in terms of value.

Italy-Spain In 2020, Italy exported $22B to Spain. The main products that Italy exported to Spain were Motor vehicles; parts and accessories (8701 to 8705) ($1B), Packaged Medicaments ($809M), and Refined Petroleum ($715M). During the last 25 years the exports of Italy to Spain have increased at an annualized rate of 2.68%, from $11.4B in 1995 to $22B in 2020.

In 2020, Italy exported services to Spain worth $2.22B, with Travel ($774M), Other business services ($556M), and Transportation ($297M) being the largest in terms of value.

Comparison In 2020,  Spain ranked 34 in the Economic Complexity Index (ECI 0.76), and 17 in total exports ($298B). That same year, Italy ranked 19 in the Economic Complexity Index (ECI 1.3), and 7 in total exports ($481B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Spain exported $22.8B to Italy. The main products exported from Spain to Italy were Cars ($3.15B), Pure Olive Oil ($839M), and Industrial Fatty Acids, Oils and Alcohols ($591M). During the last 25 years the exports of Spain to Italy have increased at an annualized rate of 4.15%, from $8.25B in 1995 to $22.8B in 2020.

In 2020, Italy exported $22B to Spain. The main products exported from Italy to Spain were Motor vehicles; parts and accessories (8701 to 8705) ($1B), Packaged Medicaments ($809M), and Refined Petroleum ($715M). During the last 25 years the exports of Italy to Spain have increased at an annualized rate of 2.68%, from $11.4B in 1995 to $22B in 2020.

Market Competitiveness

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Measure

Spain
Top Destination
: France, $47.6B

Italy
Top Destination
: Germany, $62.1B

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

In 2019, countries that imported more from Spain than Italy were Portugal ($23.8B), Morocco ($8.41B), and Andorra ($1.19B).

In 2019, countries that imported more from Italy than Spain were United States ($47.9B), Germany ($62.1B), and Switzerland ($25.1B).

Comparative Advantage Spain - Italy

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Flow
Scale

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

During 2020, Spain had a large net trade with Italy in the exports of Transportation ($4.39B), Chemical Products ($2.79B), and Metals ($2.17B).

During 2020, Italy had a large net trade with Spain in the exports of Machines ($5.4B), Chemical Products ($2.83B), and Transportation ($2.3B).

Bilateral Service Trade

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In 2020, Spain exported services to Italy worth $704M, with Travel ($704M) being the largest in terms of value.

In 2020, Italy exported services to Spain worth $2.22B, with Travel ($774M), Other business services ($556M), and Transportation ($297M) 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 Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Spain.