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2023
Flag → Flag
Exports $948MRnk 50 / 220
2023
Flag → Flag
Top Product $163MExplosive Ammunition
2023
Flag → Flag
Exports $2.46BRnk 5 / 193
2023
Flag → Flag
Top Product $830MWheat
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$5,070CURRENT US$
Rnk 122 / 196
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195

About

Spain-Ukraine Trade: In 2023, Spain exported $948M to Ukraine. The main products that Spain exported to Ukraine were Explosive Ammunition ($163M), Packaged Medicaments ($68.7M), and Tanks and Armored vehicles ($64.6M). Over the past 5 years the exports of Spain to Ukraine have increased at an annualized rate of 8.48%, from $631M in 2018 to $948M in 2023.

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

Ukraine-Spain Trade: In 2023, Ukraine exported $2.46B to Spain. The main products that Ukraine exported to Spain were Wheat ($830M), Corn ($812M), and Seed Oils ($313M). Over the past 5 years the exports of Ukraine to Spain have increased at an annualized rate of 10.1%,  from $1.52B in 2018 to $2.46B in 2023.

In 2023, Ukraine 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €102M and imported €262M from Ukraine, resulting in a negative trade balance of €160M. Between November 2023 and November 2024 the exports of Spain have increased by €29.1M (39.9%) from €72.9M to €102M, while imports decreased by €-45.3M (-14.7%) from €307M to €262M.

Trade In November 2024, the top exports of Spain to Ukraine were Electric Generating Sets (€8.27M), Explosive Ammunition (€5.46M), Cars (€4.72M), Sunflower Seeds (€2.44M), and Other Processed Vegetables (€1.27M). In November 2024 the top imports of Spain from Ukraine were Wheat (€101M), Corn (€74.7M), Seed Oils (€25.4M), Soybeans (€12.1M), and Audio Alarms (€8.89M).

Origins In November 2024 the exports of Spain were mainly from Madrid (€58.5M), Barcelona (€7.5M), Pontevedra (€5.42M), Valencia (€4.06M), and Sevilla (€3.81M), while imports destinations were mainly Tarragona (€66.2M), Murcia (€35.9M), Barcelona (€35.9M), Valencia (€27.9M), and A Coruña (€25.8M).

Growth In November 2024, the increase in Spain's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Electric Generating Sets (€8.05M or 3.57k%), Explosive Ammunition (€5.29M or 3.1k%), and Lifting Machinery (€969k or 1.14k%). In November 2024, the decrease in Spain's year-by-year imports  from Ukraine was explained primarily by an decrease in product imports  in Corn (€-110M or -59.6%), Seed Oils (€-38.7M or -60.3%), and Barley (€-4.44M or -87.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€29.1M(39.9%)
IMPORT GROWTH (November 2023 - November 2024)€-45.3M(-14.7%)
MAIN EXPORTER (November 2024)Madrid€58.5M

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 Ukraine and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ukraine and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $948M to Ukraine. The main products exported from Spain to Ukraine were Explosive Ammunition ($163M), Packaged Medicaments ($68.7M), and Tanks and Armored vehicles ($64.6M). During the last 5 years the exports of Spain to Ukraine have increased at an annualized rate of 8.48%, from $631M in 2018 to $948M in 2023.

In 2018, Ukraine exported $2.46B to Spain. The main products exported from Ukraine to Spain were Wheat ($830M), Corn ($812M), and Seed Oils ($313M). During the last 5 years the exports of Ukraine to Spain have increased at an annualized rate of 10.1%, from $1.52B in 2023 to $2.46B in 2018.

Exports from Spain (Flag) to Ukraine (Flag) (2023)

Exports from Ukraine (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Ukraine
Top DestinationPoland$4.83B

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

In 2023, countries that imported more from Spain than Ukraine included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Ukraine than Spain included Moldova ($1.13B), Bulgaria ($1.08B), and Azerbaijan ($204M).

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

Comparative Advantage Spain - Ukraine

Flow
Scale

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

During 2023, Spain had a large net trade with Ukraine in the exports of Chemical Products ($200M), Weapons ($169M), and Transportation ($128M).

During 2018, Ukraine had a large net trade with Spain in the exports of Vegetable Products ($1.76B), Animal and Vegetable Bi-Products ($316M), and Metals ($150M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Ukraine+$35.9MCars
Top Product Potential Ukraine Spain+$15.9MHot-Rolled Iron

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 Ukraine. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Ukraine. Similarly, a dot/product with the flag of Ukraine indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Ukraine (Flag) (2023)

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