Flag Italy / Spain Flag

2020
FlagFlag
Exports
: $22B, Rnk 6 / 213

2020
FlagFlag
Top Product
: $1B, Motor vehicles; parts and accessories (8701 to 8705)

2020
FlagFlag
Exports
: $22.8B, Rnk 4 / 218

2020
FlagFlag
Top Product
: $3.15B, Cars

2020
Flag
Economic Complexity (ECI)
: ECI 1.3, Rnk 19 / 127

2020
Flag
Economic Complexity (ECI)
: ECI 0.76, Rnk 34 / 127

2020
Flag  
GDP
: $1.89T, CURRENT US$
Rnk 8 / 195

2010-2020
Flag
GDP GROWTH
: -11.5%, CURRENT US$
Rnk 179 / 195

2020
Flag
 GDP
: $1.28T, CURRENT US$
Rnk 14 / 195

2010-2020
Flag
GDP GROWTH
: -9.8%, CURRENT US$
Rnk 174 / 195

2020
Flag
GDP PC 
: $31,714, CURRENT US$
Rnk 31 / 195

2010-2020
Flag
GDP PC GROWTH
: -11.9%, CURRENT US$
Rnk 166 / 195

2020
Flag
GDP PC
: $27,063, CURRENT US$
Rnk 36 / 195

2010-2020
Flag
GDP PC GROWTH
: -11.3%, CURRENT US$
Rnk 164 / 195

Italy-Spain In 2020, Italy exported $22B to Spain. The main products that Italy exported to Spain are Motor vehicles; parts and accessories (8701 to 8705) ($1B), Packaged Medicaments ($809M), and Refined Petroleum ($715M). During the last 25 years the exports of Italy to Spain have increased at an annualized rate of 2.68%, from $11.4B in 1995 to $22B in 2020.

In 2018, Italy exported services to Spain worth $3.64B, with Travel ($1.8B), Other business services ($592M), and Transportation ($552M) being the largest in terms of value.

Spain-Italy In 2020, Spain exported $22.8B to Italy. The main products that Spain exported to Italy were Cars ($3.15B), Pure Olive Oil ($839M), and Industrial Fatty Acids, Oils and Alcohols ($591M). During the last 25 years the exports of Spain to Italy have increased at an annualized rate of 4.15%, from $8.25B in 1995 to $22.8B in 2020.

In 2019, Spain exported services to Italy worth $3.35B, with Travel ($3.35B) being the largest in terms of value.

Comparison In 2020,  Italy ranked 19 in the Economic Complexity Index (ECI 1.3), and 7 in total exports ($481B). That same year, Spain ranked 34 in the Economic Complexity Index (ECI 0.76), and 17 in total exports ($298B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2020, Italy exported $22B to Spain. The main products exported from Italy to Spain were Motor vehicles; parts and accessories (8701 to 8705) ($1B), Packaged Medicaments ($809M), and Refined Petroleum ($715M). During the last 25 years the exports of Italy to Spain have increased at an annualized rate of 2.68%, from $11.4B in 1995 to $22B in 2020.

In 2020, Spain exported $22.8B to Italy. The main products exported from Spain to Italy were Cars ($3.15B), Pure Olive Oil ($839M), and Industrial Fatty Acids, Oils and Alcohols ($591M). During the last 25 years the exports of Spain to Italy have increased at an annualized rate of 4.15%, from $8.25B in 1995 to $22.8B in 2020.

Market Competitiveness

#permalink to section
Measure

Italy
Top Destination
: Germany, $62.1B

Spain
Top Destination
: France, $47.6B

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 2019, countries that imported more from Italy than Spain were United States ($47.9B), Germany ($62.1B), and Switzerland ($25.1B).

In 2019, countries that imported more from Spain than Italy were Portugal ($23.8B), Morocco ($8.41B), and Andorra ($1.19B).

Comparative Advantage Italy - Spain

#permalink to section
Flow

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

During 2020, Italy had a large net trade with Spain in the exports of Machines ($5.4B), Chemical Products ($2.83B), and Transportation ($2.3B).

During 2020, Spain had a large net trade with Italy in the exports of Transportation ($4.39B), Chemical Products ($2.79B), and Metals ($2.17B).

Bilateral Service Trade

#permalink to section

In 2018, Italy exported services to Spain worth $3.64B, with Travel ($1.8B), Other business services ($592M), and Transportation ($552M) being the largest in terms of value.

In 2019, Spain exported services to Italy worth $3.35B, with Travel ($3.35B) 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 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.