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

About

Ireland-Spain In 2021, Ireland exported $3.45B to Spain. The main products that Ireland exported to Spain are Packaged Medicaments ($429M), Broadcasting Equipment ($375M), and Industrial Fatty Acids, Oils and Alcohols ($374M). During the last 26 years the exports of Ireland to Spain have increased at an annualized rate of 4.01%, from $1.24B in 1995 to $3.45B in 2021.

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 2021, Spain exported $2.48B to Ireland. The main products that Spain exported to Ireland were Vaccines, blood, antisera, toxins and cultures ($466M), Cars ($134M), and Nucleic Acids ($72.2M). During the last 26 years the exports of Spain to Ireland have increased at an annualized rate of 7.83%, from $349M in 1995 to $2.48B in 2021.

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

Comparison In 2021, Ireland ranked 17 in the Economic Complexity Index (ECI 1.29), and 30 in total exports ($212B). That same year, Spain ranked 35 in the Economic Complexity Index (ECI 0.78), and 16 in total exports ($372B).

Latest Trends

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January, 2023

About

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Overview In January 2023, Ireland exported €225M and imported €200M from Spain, resulting in a positive trade balance of €24.5M. Between January 2022 and January 2023 the exports of Ireland have increased by €71.3M (46.5%) from €154M to €225M, while imports increased by €38.7M (23.9%) from €162M to €200M.

Trade In January 2023, the top exports of Ireland to Spain were Medicinal and pharmaceutical products (€71.3M), Meat and meat preparations (€7.08M), Office machines and automatic data processing... (€6.75M), Chemical materials and products, n.e.s. (€5.66M), and Rubber manufactures, n.e.s. (€5.43M). In January 2023 the top imports of Ireland from Spain were Medicinal and pharmaceutical products (€49.1M), Vegetables and fruit (€13.3M), Articles of apparel and clothing accessories (€11.2M), Road vehicles (€11.1M), and Organic chemicals (€9.52M).

Growth In January 2023, the increase in Ireland's year-by-year exports to Spain was explained primarily by an increase in product exports in Medicinal and pharmaceutical products (€12.2M or 20.7%), Rubber manufactures, n.e.s. (€5.33M or 5.61k%), and Meat and meat preparations (€3.57M or 101%). In January 2023, the increase in Ireland's year-by-year imports from Spain was explained primarily by an increase in product imports in Medicinal and pharmaceutical products (€20.3M or 70.5%), Articles of apparel and clothing accessories (€5.34M or 91.3%), and Organic chemicals (€4.79M or 101%).

Latest Trade

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Flow

Time Scale

Value

EXPORT GROWTH (January 2022 - January 2023): €71.3M, (46.5%)

IMPORT GROWTH (January 2022 - January 2023): €38.7M, (23.9%)

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

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Ireland exported $3.45B to Spain. The main products exported from Ireland to Spain were Packaged Medicaments ($429M), Broadcasting Equipment ($375M), and Industrial Fatty Acids, Oils and Alcohols ($374M). During the last 26 years the exports of Ireland to Spain have increased at an annualized rate of 4.01%, from $1.24B in 1995 to $3.45B in 2021.

In 2021, Spain exported $2.48B to Ireland. The main products exported from Spain to Ireland were Vaccines, blood, antisera, toxins and cultures ($466M), Cars ($134M), and Nucleic Acids ($72.2M). During the last 26 years the exports of Spain to Ireland have increased at an annualized rate of 7.83%, from $349M in 1995 to $2.48B in 2021.

Market Competitiveness

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Color

SectionYear

Ireland
Top Destination: United States, $59.8B

Spain
Top Destination: France, $59B

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 ($59.8B), China ($14.2B), and Japan ($5.85B).

In 2021, countries that imported more from Spain than Ireland were France ($59B), Portugal ($30.5B), and Italy ($30.6B).

Comparative Advantage Ireland - Spain

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Flow

Scale

Year

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

During 2021, Ireland had a large net trade with Spain in the exports of Chemical Products ($1.65B), Machines ($972M), and Animal Products ($216M).

During 2021, Spain had a large net trade with Ireland in the exports of Chemical Products ($803M), Transportation ($285M), and Metals ($218M).

Service Trade

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Bilateral Service Trade

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Esp YearIrl 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.

Economic Complexity

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Competitive Landscape

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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.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Ireland - Spain

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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