2021
Flag  
GDP
$1.43TCURRENT US$
Rnk 14 / 204
2011-2021
Flag
GDP GROWTH
-3.6%CURRENT US$
Rnk 177 / 204
2021
Flag
 GDP
$2.11TCURRENT US$
Rnk 8 / 204
2011-2021
Flag
GDP GROWTH
-7.87%CURRENT US$
Rnk 181 / 204
2021
Flag
GDP PC 
$30,104CURRENT US$
Rnk 45 / 204
2011-2021
Flag
GDP PC GROWTH
-4.97%CURRENT US$
Rnk 158 / 204
2021
Flag
GDP PC
$35,770CURRENT US$
Rnk 37 / 204
2011-2021
Flag
GDP PC GROWTH
-7.45%CURRENT US$
Rnk 160 / 204

About

Spain-Italy In 2021, Spain exported $30.6B to Italy. The main products that Spain exported to Italy are Cars ($3.57B), Pure Olive Oil ($1.11B), and Industrial Fatty Acids, Oils and Alcohols ($986M). During the last 26 years the exports of Spain to Italy have increased at an annualized rate of 5.15%, from $8.29B in 1995 to $30.6B in 2021.

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

Italy-Spain In 2021, Italy exported $29.7B to Spain. The main products that Italy exported to Spain were Refined Petroleum ($1.36B), Motor vehicles; parts and accessories (8701 to 8705) ($1.17B), and Broadcasting Equipment ($1.01B). During the last 26 years the exports of Italy to Spain have increased at an annualized rate of 3.75%, from $11.4B in 1995 to $29.7B in 2021.

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 2021,  Spain ranked 35 in the Economic Complexity Index (ECI 0.78), and 16 in total exports ($372B). That same year, Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Spain exported $30.6B to Italy. The main products exported from Spain to Italy were Cars ($3.57B), Pure Olive Oil ($1.11B), and Industrial Fatty Acids, Oils and Alcohols ($986M). During the last 26 years the exports of Spain to Italy have increased at an annualized rate of 5.15%, from $8.29B in 1995 to $30.6B in 2021.

In 2021, Italy exported $29.7B to Spain. The main products exported from Italy to Spain were Refined Petroleum ($1.36B), Motor vehicles; parts and accessories (8701 to 8705) ($1.17B), and Broadcasting Equipment ($1.01B). During the last 26 years the exports of Italy to Spain have increased at an annualized rate of 3.75%, from $11.4B in 1995 to $29.7B in 2021.

Exports from Spain (Flag) to Italy (Flag) (2021)

Exports from Italy (Flag) to Spain (Flag) (2021)

Market Competitiveness

Color
Spain
Top Destination
France$59B
Italy
Top Destination
Germany$78.4B

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 2021, countries that imported more from Spain than Italy were Portugal ($30.5B), Morocco ($11.1B), and Andorra ($1.09B).

In 2021, countries that imported more from Italy than Spain were United States ($58.1B), Germany ($78.4B), and Switzerland ($26.4B).

Difference in imports from Italy (Flag) and Spain (Flag) (2021)

Comparative Advantage Spain - Italy

Flow
Scale

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

During 2021, Spain had a large net trade with Italy in the exports of Transportation ($5.34B), Chemical Products ($3.8B), and Metals ($3.47B).

During 2021, Italy had a large net trade with Spain in the exports of Machines ($7.27B), Chemical Products ($3.37B), and Metals ($3.35B).

Service Trade

Bilateral Service Trade

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.

Services Exports from Spain (Flag) to Italy (Flag) (2020)

Services Exports from Italy (Flag) to Spain (Flag) (2020)

Economic Complexity

Competitive Landscape

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.

Product Space of Spain (Flag) and Italy (Flag) (2021)

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