Italy / Spain

Italy-Spain Trade: In 2023, Italy exported $30.1B to Spain. The main products that Italy exported to Spain were Refined Petroleum ($1.92B), Broadcasting Equipment ($1.41B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.28B). Over the past 5 years the exports of Italy to Spain have increased at an annualized rate of 3.38%, from $25.5B in 2018 to $30.1B in 2023.

In 2020, Italy exported services to Spain worth $2.22B, with Travel ($774M), Other business services ($556M), and Transportation ($297M) being the largest in terms of value.

Spain-Italy Trade: In 2023, Spain exported $34.7B to Italy. The main products that Spain exported to Italy were Cars ($5.05B), Pure Olive Oil ($1.13B), and Industrial Fatty Acids, Oils and Alcohols ($953M). Over the past 5 years the exports of Spain to Italy have increased at an annualized rate of 7.42%,  from $24.3B in 2018 to $34.7B in 2023.

In 2020, Spain exported services to Italy worth $704M, with Travel ($704M) being the largest in terms of value.

Comparison: In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B). That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).