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Pricing

2022
Flag → Flag
Exports $5.38BRnk 15 / 218
2022
Flag → Flag
Top Product $363MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $5.41BRnk 7 / 156
2022
Flag → Flag
Top Product $3.26BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 1.08Rnk 25 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 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
Flag
GDP PC GROWTH6.89%CURRENT US$
Rnk 126 / 186

About

Spain-Mexico Trade: In 2022, Spain exported $5.38B to Mexico. The main products that Spain exported to Mexico were Motor vehicles; parts and accessories (8701 to 8705) ($363M), Cars ($314M), and Non-Knit Women's Suits ($128M). Over the past 5 years the exports of Spain to Mexico have increased at an annualized rate of 0.01%, from $5.38B in 2017 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 Trade: 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). Over the past 5 years the exports of Mexico to Spain have increased at an annualized rate of 4.09%,  from $4.43B in 2017 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 0.81), and 20 in total exports ($394B). That same year, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €437M and imported €438M from Mexico, resulting in a negative trade balance of €979k. Between August 2023 and August 2024 the exports of Spain have increased by €13.2M (3.12%) from €424M to €437M, while imports increased by €36.2M (9.01%) from €402M to €438M.

Trade In August 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 August 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 August 2024 the exports of Spain were mainly from Barcelona (€115M), Madrid (€58.2M), Guipúzcoa (€34.4M), Valencia (€26M), and Vizcaya (€22M), while imports destinations were mainly Huelva (€163M), Murcia (€74.5M), A Coruña (€70.7M), Madrid (€33.9M), and Barcelona (€29.4M).

Growth In August 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 August 2024, the increase in Spain's year-by-year imports  from Mexico was explained primarily by an increase in product imports  in Crude Petroleum (€150M or 55%), Nitrogen Heterocyclic Compounds (€9.92M or 18.7k%), and Engine Parts (€7.64M or 67.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€13.2M(3.12%)
IMPORT GROWTH (August 2023 - August 2024)€36.2M(9.01%)
MAIN EXPORTER (August 2024)Barcelona€115M

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.

Explore Mexico and Spain Data

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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 5 years the exports of Spain to Mexico have increased at an annualized rate of 0.01%, from $5.38B in 2017 to $5.38B in 2022.

In 2017, 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 5 years the exports of Mexico to Spain have increased at an annualized rate of 4.09%, from $4.43B in 2022 to $5.41B in 2017.

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 2022, countries that imported more from Spain than Mexico included France ($65.2B), Portugal ($34.9B), and Germany ($39.2B).

In 2022, countries that imported more from Mexico than Spain included 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 2017, Mexico had a large net trade with Spain in the exports of Mineral Products ($3.38B), Machines ($580M), and Chemical Products ($341M).

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) (2022)

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