Flag Italy / Spain Flag

2021
FlagFlag
Exports
: $29.7B, Rnk 4 / 221

2021
FlagFlag
Top Product
: $1.36B, Refined Petroleum

2021
FlagFlag
Exports
: $30.6B, Rnk 3 / 222

2021
FlagFlag
Top Product
: $3.57B, Cars

2021
Flag
Economic Complexity (ECI)
: ECI 1.27, Rnk 19 / 131

2021
Flag
Economic Complexity (ECI)
: ECI 0.78, Rnk 35 / 131

2021
Flag  
GDP
: $2.1T, CURRENT US$
Rnk 8 / 182

2011-2021
Flag
GDP GROWTH
: -8.5%, CURRENT US$
Rnk 164 / 182

2021
Flag
 GDP
: $1.43T, CURRENT US$
Rnk 14 / 182

2011-2021
Flag
GDP GROWTH
: -3.74%, CURRENT US$
Rnk 158 / 182

2021
Flag
GDP PC 
: $35,551, CURRENT US$
Rnk 27 / 182

2011-2021
Flag
GDP PC GROWTH
: -8.02%, CURRENT US$
Rnk 146 / 182

2021
Flag
GDP PC
: $30,116, CURRENT US$
Rnk 32 / 182

2011-2021
Flag
GDP PC GROWTH
: -4.93%, CURRENT US$
Rnk 139 / 182

Italy-Spain In 2021, Italy exported $29.7B to Spain. The main products that Italy exported to Spain are Refined Petroleum ($1.36B), Motor vehicles; parts and accessories (8701 to 8705) ($1.17B), and Broadcasting Equipment ($1.01B). During the last 26 years the exports of Italy to Spain have increased at an annualized rate of 3.75%, from $11.4B in 1995 to $29.7B in 2021.

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 In 2021, Spain exported $30.6B to Italy. The main products that Spain exported to Italy were Cars ($3.57B), Pure Olive Oil ($1.11B), and Industrial Fatty Acids, Oils and Alcohols ($986M). During the last 26 years the exports of Spain to Italy have increased at an annualized rate of 5.15%, from $8.29B in 1995 to $30.6B in 2021.

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

Comparison In 2021,  Italy ranked 19 in the Economic Complexity Index (ECI 1.27), and 7 in total exports ($597B). That same year, Spain ranked 35 in the Economic Complexity Index (ECI 0.78), and 16 in total exports ($372B).

Historical Data

#permalink to section

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2021, Italy exported $29.7B to Spain. The main products exported from Italy to Spain were Refined Petroleum ($1.36B), Motor vehicles; parts and accessories (8701 to 8705) ($1.17B), and Broadcasting Equipment ($1.01B). During the last 26 years the exports of Italy to Spain have increased at an annualized rate of 3.75%, from $11.4B in 1995 to $29.7B in 2021.

In 2021, Spain exported $30.6B to Italy. The main products exported from Spain to Italy were Cars ($3.57B), Pure Olive Oil ($1.11B), and Industrial Fatty Acids, Oils and Alcohols ($986M). During the last 26 years the exports of Spain to Italy have increased at an annualized rate of 5.15%, from $8.29B in 1995 to $30.6B in 2021.

Market Competitiveness

#permalink to section
Color

Italy
Top Destination
: Germany, $78.4B

Spain
Top Destination
: France, $59B

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 2021, countries that imported more from Italy than Spain were United States ($58.1B), Germany ($78.4B), and Switzerland ($26.4B).

In 2021, countries that imported more from Spain than Italy were Portugal ($30.5B), Morocco ($11.1B), and Andorra ($1.09B).

Comparative Advantage Italy - Spain

#permalink to section
Flow
Scale

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

During 2021, Italy had a large net trade with Spain in the exports of Machines ($7.27B), Chemical Products ($3.37B), and Metals ($3.35B).

During 2021, Spain had a large net trade with Italy in the exports of Transportation ($5.34B), Chemical Products ($3.8B), and Metals ($3.47B).

Bilateral Service Trade

#permalink to section

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.

In 2020, Spain exported services to Italy worth $704M, with Travel ($704M) 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.