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2022
Flag → Flag
Exports $161MRnk 14 / 127
2022
Flag → Flag
Top Product $41.1MSpices
2022
Flag → Flag
Exports $240MRnk 85 / 218
2022
Flag → Flag
Top Product $41.1MIndustrial Furnaces
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
 GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC $4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Iran-Spain Trade: In 2022, Iran exported $161M to Spain. The main products that Iran exported to Spain were Spices ($41.1M), Float Glass ($24.5M), and Other Nuts ($23.1M). Over the past 5 years the exports of Iran to Spain have decreased at an annualized rate of 36.9%, from $1.61B in 2017 to $161M in 2022.

In 2022, Iran did not export any services to Spain.

Spain-Iran Trade: In 2022, Spain exported $240M to Iran. The main products that Spain exported to Iran were Industrial Furnaces ($41.1M), Valves ($29.6M), and Mixed Mineral or Chemical Fertilizers ($15.3M). Over the past 5 years the exports of Spain to Iran have decreased at an annualized rate of 9.68%,  from $542M in 2017 to $240M in 2022.

In 2003, Spain exported services to Iran worth $39.2M, with Transportation ($12.6M), Other business services ($10.1M), and Construction services ($7.58M) being the largest in terms of value.

Comparison: In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iran exported $161M to Spain. The main products exported from Iran to Spain were Spices ($41.1M), Float Glass ($24.5M), and Other Nuts ($23.1M). During the last 5 years the exports of Iran to Spain have decreased at an annualized rate of 36.9%, from $1.61B in 2017 to $161M in 2022.

In 2017, Spain exported $240M to Iran. The main products exported from Spain to Iran were Industrial Furnaces ($41.1M), Valves ($29.6M), and Mixed Mineral or Chemical Fertilizers ($15.3M). During the last 5 years the exports of Spain to Iran have decreased at an annualized rate of 9.68%, from $542M in 2022 to $240M in 2017.

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

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

Latest Data

Trade between Iran (Flag) and Spain (Flag)

Spain Exports

Market Competitiveness

Color
Iran
Top DestinationChina$5.72B
Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Iran than Spain included Armenia ($557M), Pakistan ($762M), and Azerbaijan ($454M).

In 2022, countries that imported more from Spain than Iran included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Iran - Spain

Flow
Scale

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

During 2022, Iran had a large net trade with Spain in the exports of Vegetable Products ($66.2M), Metals ($28.2M), and Stone And Glass ($26.9M).

During 2017, Spain had a large net trade with Iran in the exports of Machines ($116M), Chemical Products ($73.5M), and Paper Goods ($14.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran Spain+$19.7MEthylene Polymers
Top Product Potential Spain Iran+$13.9MPackaged Medicaments

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

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

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