2022
Flag  
GDP
$508BCURRENT US$
Rnk 28 / 186
2012-2022
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GDP GROWTH
32%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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GDP PC 
$53,758CURRENT US$
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2012-2022
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GDP PC GROWTH
21.1%CURRENT US$
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2022
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GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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About

United Arab Emirates-Spain Trade: In 2022, United Arab Emirates exported $1.53B to Spain. The main products that United Arab Emirates exported to Spain were Refined Petroleum ($683M), Crude Petroleum ($252M), and Raw Aluminium ($197M). Over the past 5 years the exports of United Arab Emirates to Spain have increased at an annualized rate of 29.6%, from $418M in 2017 to $1.53B in 2022.

In 2022, United Arab Emirates did not export any services to Spain.

Spain-United Arab Emirates Trade: In 2022, Spain exported $2.15B to United Arab Emirates. The main products that Spain exported to United Arab Emirates were Forage Crops ($172M), Cars ($92.6M), and Refined Petroleum ($92.3M). Over the past 5 years the exports of Spain to United Arab Emirates have increased at an annualized rate of 0.53%,  from $2B in 2017 to $2.15B in 2022.

In 2022, Spain did not export any services to United Arab Emirates.

Comparison: In 2022,  United Arab Emirates ranked 53 in the Economic Complexity Index (ECI 0.24), and 18 in total exports ($402B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Arab Emirates exported $1.53B to Spain. The main products exported from United Arab Emirates to Spain were Refined Petroleum ($683M), Crude Petroleum ($252M), and Raw Aluminium ($197M). During the last 5 years the exports of United Arab Emirates to Spain have increased at an annualized rate of 29.6%, from $418M in 2017 to $1.53B in 2022.

In 2017, Spain exported $2.15B to United Arab Emirates. The main products exported from Spain to United Arab Emirates were Forage Crops ($172M), Cars ($92.6M), and Refined Petroleum ($92.3M). During the last 5 years the exports of Spain to United Arab Emirates have increased at an annualized rate of 0.53%, from $2B in 2022 to $2.15B in 2017.

Exports from United Arab Emirates (Flag) to Spain (Flag) (2022)

Exports from Spain (Flag) to United Arab Emirates (Flag) (2022)

Latest Data

Trade between United Arab Emirates (Flag) and Spain (Flag)

United Arab Emirates Exports

Spain Exports

Market Competitiveness

Color
United Arab Emirates
Top Destination
India$51B
Spain
Top Destination
France$65.2B

This map shows whether countries import more from United Arab Emirates or Spain. Each country is colored based on the difference in imports they receive from United Arab Emirates and Spain or the difference in the growth in imports.

In 2022, countries that imported more from United Arab Emirates than Spain included India ($51B), Japan ($40.9B), and Saudi Arabia ($27.8B).

In 2022, countries that imported more from Spain than United Arab Emirates included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain (Flag) and United Arab Emirates (Flag) (2022)

Comparative Advantage United Arab Emirates - Spain

Flow
Scale

This chart compares trade between United Arab Emirates and Spain by product, considering products traded by both, United Arab Emirates and Spain.

During 2022, United Arab Emirates had a large net trade with Spain in the exports of Mineral Products ($980M), Metals ($269M), and Plastics and Rubbers ($78M).

During 2017, Spain had a large net trade with United Arab Emirates in the exports of Machines ($388M), Chemical Products ($333M), and Vegetable Products ($255M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Arab Emirates Spain+$344MCrude Petroleum
Top Product Potential Spain United Arab Emirates+$112MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Arab Emirates and Spain. This means that a dot/product with the flag of United Arab Emirates indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over United Arab Emirates.

Product Space of United Arab Emirates (Flag) and Spain (Flag) (2022)

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