Flag United Kingdom / Spain Flag

Exports Flag โ†’ Flag  (2018): $13.8B, Rnk 9 / 217

Top Product Flag โ†’ Flag (2018): $1.77B, Cars

Exports Flag โ†’ Flag (2018): $22.6B, Rnk 5 / 209

Top Product Flag โ†’ Flag (2018): $3.61B, Cars

Economic Complexity of Flag (2018): ECI 1.49, Rnk 13 / 137

Economic Complexity of Flag (2018): ECI 0.85, Rnk 33 / 137

GDP Flag (2018): $2.86T, CURRENT US$
Rnk 5 / 196

GDP GROWTH Flag (2008-2018): -2.31%, CURRENT US$
Rnk 171 / 196

GDP Flag (2018): $1.42T, CURRENT US$
Rnk 14 / 196

GDP GROWTH Flag (2008-2018): -12.7%, CURRENT US$
Rnk 186 / 196

GDP PC Flag (2018): $42,944, CURRENT US$
Rnk 22 / 196

GDP PC GROWTH Flag (2008-2018): -9.18%, CURRENT US$
Rnk 168 / 196

GDP PC Flag (2018): $30,371, CURRENT US$
Rnk 35 / 196

GDP PC GROWTH Flag (2008-2018): -14.1%, CURRENT US$
Rnk 173 / 196

United Kingdom-Spain: In 2018, United Kingdom exported $13.8B to Spain. The main products exported from United Kingdom to Spain were Cars ($1.77B), Packaged Medicaments ($809M), and Vehicle Parts ($424M). During the last 23 years the exports of United Kingdom to Spain have increased at an annualized rate of 1.95%, from $8.86B in 1995 to $13.8B in 2018. In 2016, United Kingdom exported services to Spain worth $2.18B, with Travel ($1.58B), Transportation ($554M), and Government services, n.i.e. ($45.9M) being the largest in terms of value.

Spain-United Kingdom: In 2018, Spain exported $22.6B to United Kingdom. The main products exported from Spain to United Kingdom were Cars ($3.61B), Delivery Trucks ($1.15B), and Vehicle Parts ($767M). During the last 23 years the exports of Spain to United Kingdom have increased at an annualized rate of 5.22%, from $7.01B in 1995 to $22.6B in 2018. In 2016, Spain exported services to United Kingdom worth $12.6B, with Travel ($12.6B) being the largest in terms of value.

Comparison: In 2018, United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.49), and 9 in total exports ($464B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.85), and 15 in total exports ($330B). In terms of GDP Per Capita, United Kingdom was ranked 22 with a GDP Per Capita of $42,944, and Spain was ranked 35 with a GDP Per Capita of $30,371.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, United Kingdom exported $13.8B to Spain. The main products exported from United Kingdom to Spain were Cars ($1.77B), Packaged Medicaments ($809M), and Vehicle Parts ($424M). During the last 23 years the exports of United Kingdom to Spain have increased at an annualized rate of 1.95%, from $8.86B in 1995 to $13.8B in 2018.

In 2018, Spain exported $22.6B to United Kingdom. The main products exported from Spain to United Kingdom were Cars ($3.61B), Delivery Trucks ($1.15B), and Vehicle Parts ($767M). During the last 23 years the exports of Spain to United Kingdom have increased at an annualized rate of 5.22%, from $7.01B in 1995 to $22.6B in 2018.

Market Competitiveness

#permalink to section
Measure

United Kingdom
Top Destination
: United States, $61.9B

Spain
Top Destination
: France, $48.6B

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

In 2018, countries that imported more from United Kingdom than Spain were United States ($61.9B), Ireland ($27.4B), and Netherlands ($33.3B).

In 2018, countries that imported more from Spain than United Kingdom were Portugal ($27.2B), France ($48.6B), and Italy ($25.4B).

Comparative Advantage United Kingdom - Spain

#permalink to section
Depth

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

During 2018, United Kingdom had a large net trade with Spain in the exports of Transportation ($2.75B), Machines ($2.66B), and Chemical Products ($2.45B).

During 2018, Spain had a large net trade with United Kingdom in the exports of Transportation ($7.12B), Machines ($2.63B), and Vegetable Products ($2.43B).

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between United Kingdom and Spain. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

#permalink to section

In 2016, United Kingdom exported services to Spain worth $2.18B, with Travel ($1.58B), Transportation ($554M), and Government services, n.i.e. ($45.9M) being the largest in terms of value.

In 2016, Spain exported services to United Kingdom worth $12.6B, with Travel ($12.6B) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Spain. Similarly, the more red a dot/product is, the more Spain has comparative advantage over United Kingdom.