flash
EN | ES

Flag Spain / Italy Flag

2020
Flag → Flag
Exports: $22.8B, Rnk 4 / 218

2020
Flag → Flag
Top Product: $3.15B, Cars

2020
Flag → Flag
Exports: $22B, Rnk 6 / 213

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

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

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

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

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

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

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

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

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

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

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

About

#permalink to section

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).

#permalink to section

December, 2022

#permalink to section

Overview In December 2022, Spain exported €2.41B and imported €2.21B from Italy, resulting in a positive trade balance of €191M. Between December 2021 and December 2022 the exports of Spain have increased by €358M (17.5%) from €2.05B to €2.41B, while imports increased by €249M (12.6%) from €1.97B to €2.21B.

Trade In December 2022, the top exports of Spain to Italy were Cars (€248M), Biodiesel and mixtures thereof (€108M), Refined Petroleum (€81.1M), Packaged Medicaments (€40M), and Crude Petroleum (€39M). In December 2022 the top imports of Spain from Italy were Refined Petroleum (€161M), Packaged Medicaments (€66.7M), Motor vehicles; parts and accessories (8701... (€57.4M), Cars (€40.8M), and Biodiesel and mixtures thereof (€36.8M).

Origins In December 2022 the exports of Spain were mainly from Barcelona (€492M), Madrid (€342M), La Coruña (€172M), Valencia (€167M), and Murcia (€121M), while imports destinations were mainly Madrid (€598M), Barcelona (€580M), Valencia (€104M), Castellón (€86.9M), and Tarragona (€64M).

Growth In December 2022, the increase in Spain's year-by-year exports to Italy was explained primarily by an increase in product exports in Biodiesel and mixtures thereof (€65.8M or 154%), Refined Petroleum (€32M or 65%), and Delivery Trucks (€23.5M or 156%). In December 2022, the increase in Spain's year-by-year imports  from Italy was explained primarily by an increase in product imports  in Refined Petroleum (€121M or 305%), Packaged Medicaments (€38.5M or 137%), and Biodiesel and mixtures thereof (€18.4M or 100%).

#permalink to section
Flow
Time Scale
Depth
Value

EXPORT GROWTH (December 2021 - December 2022): €358M, (17.5%)

IMPORT GROWTH (December 2021 - December 2022): €249M, (12.6%)

MAIN EXPORTER (December 2022): Barcelona, €492M

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 Italy and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Italy and Spain Data

Go to Bulk Download

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
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

#permalink to section
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

#permalink to section
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).

Service Trade

#permalink to section

Bilateral Service Trade

#permalink to section

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

#permalink to section

Competitive Landscape

#permalink to section

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.

Related Profiles

About the OECPrivacy PolicyTerms
Created, Designed, and Developed by:
In collaboration with:

Have questions, comments, or concerns?

Send us an e-mail: [email protected]

v5.1.14 lamb