2023
Flag  
GDP
$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH
18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP
$1.79TCURRENT US$
Rnk 12 / 195
2013-2023
Flag
GDP GROWTH
34.8%CURRENT US$
Rnk 103 / 195
2023
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GDP PC 
$33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH
14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC
$13,790CURRENT US$
Rnk 75 / 196
2013-2023
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GDP PC GROWTH
22.9%CURRENT US$
Rnk 94 / 195

About

Spain-Mexico Trade: In 2023, Spain exported $5.34B to Mexico. The main products that Spain exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($423M), Cars ($234M), and Packaged Medicaments ($209M). Over the past 5 years the exports of Spain to Mexico have decreased at an annualized rate of 2.01%, from $5.91B in 2018 to $5.34B in 2023.

In 2009, Spain exported services to Mexico worth $2.7B, with Services not allocated ($1.66B), Travel ($863M), and Transportation ($176M) being the largest in terms of value.

Mexico-Spain Trade: In 2023, Mexico exported $6.04B to Spain. The main products that Mexico exported to Spain were Crude Petroleum ($3.76B), Cars ($196M), and Orthopedic Appliances ($166M). Over the past 5 years the exports of Mexico to Spain have increased at an annualized rate of 1.54%,  from $5.59B in 2018 to $6.04B in 2023.

In 2023, Mexico did not export any services to Spain.

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.09), and 8 in total exports ($603B).

Historical Data

Market Competitiveness

Color
Spain
Top Destination
France$61.9B
Mexico
Top Destination
United States$456B

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

In 2023, countries that imported more from Spain than Mexico included France ($61.9B), Portugal ($38.1B), and Italy ($34.7B).

In 2023, countries that imported more from Mexico than Spain included United States ($456B), Canada ($33B), and China ($15B).

Difference in imports from Mexico (Flag) and Spain (Flag) (2023)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Mexico+$202MCars
Top Product Potential Mexico Spain+$236MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Spain and Mexico. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Mexico. Similarly, a dot/product with the flag of Mexico indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Mexico (Flag) (NaN)

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