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Pricing

2022
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Exports $5.38BRnk 15 / 218
2022
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Top Product $363MMotor vehicles; parts and accessories (8701 to 8705)
2022
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Exports $5.41BRnk 7 / 156
2022
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Top Product $3.26BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 0.8Rnk 33 / 124
2022
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Economic Complexity (ECI) ECI 1.08Rnk 21 / 124
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
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GDP GROWTH17.7%CURRENT US$
Rnk 127 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$11,091CURRENT US$
Rnk 74 / 186
2012-2022
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GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

Spain-Mexico In 2022, Spain exported $5.38B to Mexico. The main products that Spain exported to Mexico are Motor vehicles; parts and accessories (8701 to 8705) ($363M), Cars ($314M), and Non-Knit Women's Suits ($128M). During the last 27 years the exports of Spain to Mexico have increased at an annualized rate of 8.07%, from $662M in 1995 to $5.38B in 2022.

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 In 2022, Mexico exported $5.41B to Spain. The main products that Mexico exported to Spain were Crude Petroleum ($3.26B), Orthopedic Appliances ($191M), and Spark-Ignition Engines ($163M). During the last 27 years the exports of Mexico to Spain have increased at an annualized rate of 6.61%, from $961M in 1995 to $5.41B in 2022.

In 2022, Mexico did not export any services to Spain.

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B). That same year, Mexico ranked 21 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Latest Trends

January, 2024

About

Overview In January 2024, Spain exported €499M and imported €587M from Mexico, resulting in a negative trade balance of €87.2M. Between January 2023 and January 2024 the exports of Spain have increased by €115M (29.8%) from €385M to €499M, while imports decreased by €-74.3M (-11.2%) from €661M to €587M.

Trade In January 2024, the top exports of Spain to Mexico were Cars (€23.4M), Motor vehicles; parts and accessories (8701... (€20.3M), Spark-Ignition Engines (€15.5M), Gas Turbines (€12.4M), and Packaged Medicaments (€11.6M). In January 2024 the top imports of Spain from Mexico were Crude Petroleum (€423M), Zinc Ore (€47.1M), Engine Parts (€19M), Copper Ore (€16.5M), and Computers (€11.6M).

Origins In January 2024 the exports of Spain were mainly from Barcelona (€165M), Madrid (€49.2M), Valencia (€39M), Guipúzcoa (€34.9M), and Pontevedra (€23.8M), while imports destinations were mainly Murcia (€219M), Vizcaya (€106M), A Coruña (€99.4M), Madrid (€35.7M), and Valencia (€33M).

Growth In January 2024, the increase in Spain's year-by-year exports to Mexico was explained primarily by an increase in product exports in Cars (€19.6M or 517%), Gas Turbines (€12.2M or 5.27k%), and Spark-Ignition Engines (€11.1M or 254%). In January 2024, the decrease in Spain's year-by-year imports  from Mexico was explained primarily by an decrease in product imports  in Spark-Ignition Engines (€-15.4M or -74.1%), Gas Turbines (€-6.69M or -54.9%), and Medical Instruments (€-5.09M or -54.8%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€115M(29.8%)
IMPORT GROWTH (January 2023 - January 2024)€-74.3M(-11.2%)
MAIN EXPORTER (January 2024)Barcelona€165M

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 Mexico and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $5.38B to Mexico. The main products exported from Spain to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($363M), Cars ($314M), and Non-Knit Women's Suits ($128M). During the last 27 years the exports of Spain to Mexico have increased at an annualized rate of 8.07%, from $662M in 1995 to $5.38B in 2022.

In 2022, Mexico exported $5.41B to Spain. The main products exported from Mexico to Spain were Crude Petroleum ($3.26B), Orthopedic Appliances ($191M), and Spark-Ignition Engines ($163M). During the last 27 years the exports of Mexico to Spain have increased at an annualized rate of 6.61%, from $961M in 1995 to $5.41B in 2022.

Exports from Spain (Flag) to Mexico (Flag) (2022)

Exports from Mexico (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Mexico
Top DestinationUnited States$421B

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 2021, countries that imported more from Spain than Mexico were France ($65.2B), Portugal ($34.9B), and Germany ($39.2B).

In 2021, countries that imported more from Mexico than Spain were United States ($421B), Canada ($22.2B), and Chinese Taipei ($7.86B).

Difference in imports from Mexico (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Mexico

Flow
Scale

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

During 2022, Spain had a large net trade with Mexico in the exports of Machines ($1.12B), Chemical Products ($875M), and Transportation ($746M).

During 2022, Mexico had a large net trade with Spain in the exports of Mineral Products ($3.38B), Machines ($580M), and Chemical Products ($341M).

Service Trade

Bilateral Service Trade

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.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Mexico (Flag) (2009)

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 Mexico. Similarly, the more yellow a dot/product is, the more Mexico has comparative advantage over Spain.

Product Space of Spain (Flag) and Mexico (Flag) (2022)

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