Flag Italy / Spain Flag

Exports FlagFlag  (2018): $28B, Rnk 4 / 213

Top Product FlagFlag (2018): $1.54B, Refined Petroleum

Exports FlagFlag (2018): $25.4B, Rnk 4 / 209

Top Product FlagFlag (2018): $3.67B, Cars

Economic Complexity of Flag (2018): ECI 1.31, Rnk 18 / 137

Economic Complexity of Flag (2018): ECI 0.85, Rnk 33 / 137

GDP Flag (2018): $2.08T, CURRENT US$
Rnk 8 / 196

GDP GROWTH Flag (2008-2018): -13.1%, CURRENT US$
Rnk 187 / 196

GDP Flag (2018): $1.42T, CURRENT US$
Rnk 14 / 196

GDP GROWTH Flag (2008-2018): -12.7%, CURRENT US$
Rnk 186 / 196

GDP PC Flag (2018): $34,483, CURRENT US$
Rnk 29 / 196

GDP PC GROWTH Flag (2008-2018): -15.4%, CURRENT US$
Rnk 176 / 196

GDP PC Flag (2018): $30,371, CURRENT US$
Rnk 35 / 196

GDP PC GROWTH Flag (2008-2018): -14.1%, CURRENT US$
Rnk 173 / 196

Italy-Spain: In 2018, Italy exported $28B to Spain. The main products exported from Italy to Spain were Refined Petroleum ($1.54B), Vehicle Parts ($1.12B), and Cars ($955M). During the last 23 years the exports of Italy to Spain have increased at an annualized rate of 4.35%, from $10.5B in 1995 to $28B in 2018. In 2016, Italy exported services to Spain worth $3.04B, with Travel ($1.28B), Other business services ($625M), and Transportation ($532M) being the largest in terms of value.

Spain-Italy: In 2018, Spain exported $25.4B to Italy. The main products exported from Spain to Italy were Cars ($3.67B), Pure Olive Oil ($1.03B), and Refined Petroleum ($715M). During the last 23 years the exports of Spain to Italy have increased at an annualized rate of 5.17%, from $7.98B in 1995 to $25.4B in 2018. In 2016, Spain exported services to Italy worth $2.56B, with Travel ($2.56B) being the largest in terms of value.

Comparison: In 2018, Italy ranked 18 in the Economic Complexity Index (ECI 1.31), and 8 in total exports ($540B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.85), and 15 in total exports ($330B). In terms of GDP Per Capita, Italy was ranked 29 with a GDP Per Capita of $34,483, and Spain was ranked 35 with a GDP Per Capita of $30,371.

Bilateral Trade by Products

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Depth
Value

In 2018, Italy exported $28B to Spain. The main products exported from Italy to Spain were Refined Petroleum ($1.54B), Vehicle Parts ($1.12B), and Cars ($955M). During the last 23 years the exports of Italy to Spain have increased at an annualized rate of 4.35%, from $10.5B in 1995 to $28B in 2018.

In 2018, Spain exported $25.4B to Italy. The main products exported from Spain to Italy were Cars ($3.67B), Pure Olive Oil ($1.03B), and Refined Petroleum ($715M). During the last 23 years the exports of Spain to Italy have increased at an annualized rate of 5.17%, from $7.98B in 1995 to $25.4B in 2018.

Market Competitiveness

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Measure

Italy
Top Destination
: Germany, $67.8B

Spain
Top Destination
: France, $48.6B

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 2018, countries that imported more from Italy than Spain were United States ($50.6B), Germany ($67.8B), and Switzerland ($23.8B).

In 2018, countries that imported more from Spain than Italy were Portugal ($27.2B), Morocco ($9.45B), and Andorra ($1.03B).

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 2018, Italy had a large net trade with Spain in the exports of Machines ($7.26B), Metals ($3.08B), and Transportation ($3.01B).

During 2018, Spain had a large net trade with Italy in the exports of Transportation ($5.27B), Chemical Products ($2.93B), and Metals ($2.36B).

Trade Forecasts

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This section shows a forecast for total trade between Italy and Spain. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2016, Italy exported services to Spain worth $3.04B, with Travel ($1.28B), Other business services ($625M), and Transportation ($532M) being the largest in terms of value.

In 2016, Spain exported services to Italy worth $2.56B, with Travel ($2.56B) 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.