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Pricing

2022
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Exports $32.8BRnk 4 / 221
2022
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Top Product $1.9BBroadcasting Equipment
2022
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Exports $32.1BRnk 4 / 218
2022
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Top Product $3.3BCars
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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Economic Complexity (ECI) ECI 0.8Rnk 33 / 124
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
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2022
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 GDP$1.4TCURRENT US$
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2012-2022
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GDP GROWTH5.49%CURRENT US$
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2022
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GDP PC $34,158CURRENT US$
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2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
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2022
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GDP PC$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Italy-Spain In 2022, Italy exported $32.8B to Spain. The main products that Italy exported to Spain are Broadcasting Equipment ($1.9B), Refined Petroleum ($1.53B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.07B). During the last 27 years the exports of Italy to Spain have increased at an annualized rate of 4.01%, from $11.4B in 1995 to $32.8B in 2022.

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.

Spain-Italy In 2022, Spain exported $32.1B to Italy. The main products that Spain exported to Italy were Cars ($3.3B), Industrial Fatty Acids, Oils and Alcohols ($1.55B), and Pure Olive Oil ($1.28B). During the last 27 years the exports of Spain to Italy have increased at an annualized rate of 5.16%, from $8.26B in 1995 to $32.1B in 2022.

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

Comparison In 2022,  Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B).

Latest Trends

December, 2023

About

Overview In December 2023, Italy exported €2.35B and imported €2.24B from Spain, resulting in a positive trade balance of €102M. Between December 2022 and December 2023 the exports of Italy have decreased by €-21.3M (-0.9%) from €2.37B to €2.35B, while imports decreased by €-427M (-16%) from €2.67B to €2.24B.

Trade In December 2023, the top exports of Italy to Spain were Telephones (€173M), Refined Petroleum (€117M), Motor vehicles; parts and accessories (8701... (€108M), Packaged Medicaments (€56.8M), and Cars (€52.2M). In December 2023 the top imports of Italy from Spain were Cars (€373M), Petroleum Gas (€192M), Refined Petroleum (€130M), Biodiesel and mixtures thereof (€95.9M), and Pure Olive Oil (€58.2M).

Growth In December 2023, the decrease in Italy's year-by-year exports to Spain was explained primarily by an decrease in product exports in Refined Petroleum (€-83.6M or -41.7%), Coated Flat-Rolled Iron (€-18.3M or -86%), and Packaged Medicaments (€-16.7M or -22.7%). In December 2023, the decrease in Italy's year-by-year imports  from Spain was explained primarily by an decrease in product imports  in Pure Olive Oil (€-46.6M or -44.5%), Biodiesel and mixtures thereof (€-28.6M or -23%), and Nitrogen Heterocyclic Compounds (€-7.86M or -87.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (December 2022 - December 2023)€-21.3M(-0.9%)
IMPORT GROWTH (December 2022 - December 2023)€-427M(-16%)

This section shows exports and imports data at subnational level for Italy. Click any date in the line plot or any product to explore the exports or imports behavior of Italy over time.

To check Spain and Italy trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Italy exported $32.8B to Spain. The main products exported from Italy to Spain were Broadcasting Equipment ($1.9B), Refined Petroleum ($1.53B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.07B). During the last 27 years the exports of Italy to Spain have increased at an annualized rate of 4.01%, from $11.4B in 1995 to $32.8B in 2022.

In 2022, Spain exported $32.1B to Italy. The main products exported from Spain to Italy were Cars ($3.3B), Industrial Fatty Acids, Oils and Alcohols ($1.55B), and Pure Olive Oil ($1.28B). During the last 27 years the exports of Spain to Italy have increased at an annualized rate of 5.16%, from $8.26B in 1995 to $32.1B in 2022.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Spain
Top DestinationFrance$65.2B

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

In 2021, countries that imported more from Italy than Spain were United States ($68.2B), Germany ($78.5B), and Switzerland ($27.8B).

In 2021, countries that imported more from Spain than Italy were Portugal ($34.9B), Morocco ($12.1B), and France ($65.2B).

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

Comparative Advantage Italy - Spain

Flow
Scale

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

During 2022, Italy had a large net trade with Spain in the exports of Machines ($8.4B), Chemical Products ($3.73B), and Metals ($3.45B).

During 2022, Spain had a large net trade with Italy in the exports of Transportation ($5.27B), Chemical Products ($4.35B), and Metals ($3.43B).

Service Trade

Bilateral Service Trade

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.

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

Service trade data is presented based on availability.

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

Services Exports from Spain (Flag) to Italy (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 Italy has comparative advantage over Spain. Similarly, the more yellow a dot/product is, the more Spain has comparative advantage over Italy.

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

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