Flag Italy / Spain Flag

2019
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Exports
: $26.7B, Rnk 5 / 224

2019
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Top Product
: $1.12B, Refined Petroleum

2019
FlagFlag
Exports
: $25.5B, Rnk 4 / 219

2019
FlagFlag
Top Product
: $3.55B, Cars

2019
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Economic Complexity (ECI)
: ECI 1.36, Rnk 17 / 146

2019
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Economic Complexity (ECI)
: ECI 0.85, Rnk 36 / 146

2019
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GDP
: $2T, CURRENT US$
Rnk 8 / 187

2009-2019
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GDP GROWTH
: -8.56%, CURRENT US$
Rnk 180 / 187

2019
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 GDP
: $1.39T, CURRENT US$
Rnk 14 / 187

2009-2019
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GDP GROWTH
: -6.2%, CURRENT US$
Rnk 179 / 187

2019
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GDP PC 
: $33,228, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP PC GROWTH
: -10.4%, CURRENT US$
Rnk 176 / 187

2019
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GDP PC
: $29,600, CURRENT US$
Rnk 36 / 187

2009-2019
Flag
GDP PC GROWTH
: -7.62%, CURRENT US$
Rnk 174 / 187

Italy-Spain In 2019, Italy exported $26.7B to Spain. The main products that Italy exported to Spain are Refined Petroleum ($1.12B), Vehicle Parts ($1.08B), and Broadcasting Equipment ($783M). During the last 24 years the exports of Italy to Spain have increased at an annualized rate of 3.71%, from $11.2B in 1995 to $26.7B in 2019.

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 2019, Spain exported $25.5B to Italy . The main products that Spain exported to Italy were Cars ($3.55B), Pure Olive Oil ($1.08B), and Refined Petroleum ($772M). During the last 24 years the exports of Spain to Italy have increased at an annualized rate of 4.9%, from $8.1B in 1995 to $25.5B in 2019.

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

Comparison In 2019,  Italy ranked 17 in the Economic Complexity Index (ECI 1.36), and 8 in total exports ($525B). That same year, Spain ranked 36 in the Economic Complexity Index (ECI 0.85), and 16 in total exports ($319B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Italy exported $26.7B to Spain. The main products exported from Italy to Spain were Refined Petroleum ($1.12B), Vehicle Parts ($1.08B), and Broadcasting Equipment ($783M). During the last 24 years the exports of Italy to Spain have increased at an annualized rate of 3.71%, from $11.2B in 1995 to $26.7B in 2019.

In 2019, Spain exported $25.5B to Italy. The main products exported from Spain to Italy were Cars ($3.55B), Pure Olive Oil ($1.08B), and Refined Petroleum ($772M). During the last 24 years the exports of Spain to Italy have increased at an annualized rate of 4.9%, from $8.1B in 1995 to $25.5B in 2019.

Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $64.5B

Spain
Top Destination
: France, $47.4B

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 ($51.8B), Germany ($64.5B), and Switzerland ($24.5B).

In 2019, countries that imported more from Spain than Italy were Portugal ($25.8B), Morocco ($9.28B), and Andorra ($1.05B).

Comparative Advantage Italy - Spain

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Depth

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

During 2019, Italy had a large net trade with Spain in the exports of Machines ($7B), Transportation ($3.06B), and Chemical Products ($2.89B).

During 2019, Spain had a large net trade with Italy in the exports of Transportation ($5B), Chemical Products ($2.86B), and Metals ($2.41B).

Bilateral Service Trade

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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

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Italy has comparative advantage over Spain. Similarly, the more red a dot/product is, the more Spain has comparative advantage over Italy.