Ireland (IRL) and Spain (ESP) Trade | The Observatory of Economic Complexity

About

Ireland-Spain In 2022, Ireland exported $3.84B to Spain. The main products that Ireland exported to Spain are Packaged Medicaments ($470M), Industrial Fatty Acids, Oils and Alcohols ($439M), and Broadcasting Equipment ($419M). During the last 27 years the exports of Ireland to Spain have increased at an annualized rate of 4.31%, from $1.23B in 1995 to $3.84B in 2022.

In 2020, Ireland exported services to Spain worth $1.69B, with Other business services ($913M), Financial services ($274M), and Insurance services ($248M) being the largest in terms of value.

Spain-Ireland In 2022, Spain exported $3.04B to Ireland. The main products that Spain exported to Ireland were Vaccines, blood, antisera, toxins and cultures ($639M), Nitrogen Heterocyclic Compounds ($309M), and Cars ($176M). During the last 27 years the exports of Spain to Ireland have increased at an annualized rate of 8.34%, from $349M in 1995 to $3.04B in 2022.

In 2020, Spain exported services to Ireland worth $327M, with Travel ($327M) being the largest in terms of value.

Comparison In 2022, Ireland ranked 16 in the Economic Complexity Index (ECI 1.28), and 31 in total exports ($236B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B).

Latest Trends

January, 2024

About

Overview In January 2024, Ireland exported €236M and imported €179M from Spain, resulting in a positive trade balance of €57.3M. Between January 2023 and January 2024 the exports of Ireland have increased by €11.4M (5.09%) from €225M to €236M, while imports decreased by €-21.3M (-10.6%) from €200M to €179M.

Trade In January 2024, the top exports of Ireland to Spain were Medicinal and pharmaceutical products (€80.2M), Chemical materials and products, n.e.s. (€37.1M), Essential oils, perfume materials, toilet preparations... (€28.9M), Miscellaneous manufactured articles, n.e.s. (€16.8M), and Office machines and automatic data processing... (€8.81M). In January 2024 the top imports of Ireland from Spain were Medicinal and pharmaceutical products (€71.6M), Road vehicles (€17.6M), Vegetables and fruit (€17M), Articles of apparel and clothing accessories (€12.4M), and Fertilisers, manufactured (€11.7M).

Growth In January 2024, the increase in Ireland's year-by-year exports to Spain was explained primarily by an increase in product exports in Chemical materials and products, n.e.s. (€31.5M or 556%), Essential oils, perfume materials, toilet preparations... (€24.7M or 602%), and Miscellaneous manufactured articles, n.e.s. (€12.6M or 298%). In January 2024, the decrease in Ireland's year-by-year imports from Spain was explained primarily by an decrease in product imports in Organic chemicals (€-7.29M or -76.6%), Textile yarn, fabrics, made-up articles and... (€-3.32M or -77.5%), and Manufactures of metal, n.e.s. (€-1.43M or -41.7%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€11.4M(5.09%)

IMPORT GROWTH (January 2023 - January 2024)€-21.3M(-10.6%)

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

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

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ireland exported $3.84B to Spain. The main products exported from Ireland to Spain were Packaged Medicaments ($470M), Industrial Fatty Acids, Oils and Alcohols ($439M), and Broadcasting Equipment ($419M). During the last 27 years the exports of Ireland to Spain have increased at an annualized rate of 4.31%, from $1.23B in 1995 to $3.84B in 2022.

In 2022, Spain exported $3.04B to Ireland. The main products exported from Spain to Ireland were Vaccines, blood, antisera, toxins and cultures ($639M), Nitrogen Heterocyclic Compounds ($309M), and Cars ($176M). During the last 27 years the exports of Spain to Ireland have increased at an annualized rate of 8.34%, from $349M in 1995 to $3.04B in 2022.

Exports from Ireland () to Spain () (2022)

Exports from Spain () to Ireland () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ireland
Top DestinationUnited States$70.7B

Spain
Top DestinationFrance$65.2B

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

In 2021, countries that imported more from Ireland than Spain were United States ($70.7B), China ($16.7B), and Belgium ($17B).

In 2021, countries that imported more from Spain than Ireland were France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

Difference in imports from Spain () and Ireland () (2022)

Comparative Advantage Ireland - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ireland had a large net trade with Spain in the exports of Chemical Products ($1.67B), Machines ($1.12B), and Animal Products ($262M).

During 2022, Spain had a large net trade with Ireland in the exports of Chemical Products ($1.21B), Transportation ($421M), and Metals ($202M).

Service Trade

Bilateral Service Trade

Esp Year

Irl Year

In 2020, Ireland exported services to Spain worth $1.69B, with Other business services ($913M), Financial services ($274M), and Insurance services ($248M) being the largest in terms of value.

In 2020, Spain exported services to Ireland worth $327M, with Travel ($327M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Ireland () to Spain () (2020)

Services Exports from Spain () to Ireland () (2020)

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Ireland () to Spain () (2022)

Exports from Spain () to Ireland () (2022)

Market Competitiveness

Difference in imports from Spain () and Ireland () (2022)

Comparative Advantage Ireland - Spain

Service Trade

Bilateral Service Trade

Services Exports from Ireland () to Spain () (2020)

Services Exports from Spain () to Ireland () (2020)

Economic Complexity

Competitive Landscape

Product Space of Ireland () and Spain () (2022)

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