Germany (DEU) and Spain (ESP) Trade

2022

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Exports $49.7BRnk 12 / 223

2022

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About

Germany-Spain Trade: In 2022, Germany exported $49.7B to Spain. The main products that Germany exported to Spain were Cars ($4.54B), Motor vehicles; parts and accessories (8701 to 8705) ($2.35B), and Packaged Medicaments ($2.15B). Over the past 5 years the exports of Germany to Spain have increased at an annualized rate of 1.52%, from $46.1B in 2017 to $49.7B in 2022.

In 2020, Germany exported services to Spain worth $5.92B, with Other business services ($2.45B), Transportation ($1.14B), and Travel ($663M) being the largest in terms of value.

Spain-Germany Trade: In 2022, Spain exported $39.2B to Germany. The main products that Spain exported to Germany were Cars ($7.69B), Motor vehicles; parts and accessories (8701 to 8705) ($1.7B), and Packaged Medicaments ($1.39B). Over the past 5 years the exports of Spain to Germany have increased at an annualized rate of 2.35%, from $34.9B in 2017 to $39.2B in 2022.

In 2020, Spain exported services to Germany worth $2.46B, with Travel ($2.46B) being the largest in terms of value.

Comparison: In 2022, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €2.9B and imported €2.56B from Spain, resulting in a positive trade balance of €335M. Between August 2023 and August 2024 the exports of Germany have decreased by €-161M (-5.28%) from €3.06B to €2.9B, while imports decreased by €-284M (-9.99%) from €2.85B to €2.56B.

Trade In August 2024, the top exports of Germany to Spain were Chassis, bodies, engines etc. for motor... (€199M), Motor cars and motor caravans (€180M), Estimations for non-response (€161M), Machinery for electricity production, distribution (€144M), and Other prefabricated chemicals (€142M). In August 2024 the top imports of Germany from Spain were Motor cars and motor caravans (€623M), Vegetables and other edible plants, roots,... (€216M), Pharmaceutical products (€215M), Estimations for non-response (€188M), and Chassis, bodies, engines etc. for motor... (€171M).

Origins In August 2024 the exports of Germany were mainly from North Rhine-Westphalia (€553M), Bavaria (€460M), Baden-Württemberg (€365M), Rhineland-Pfalz (€227M), and Lower Saxony (€210M), while imports destinations were mainly North Rhine-Westphalia (€745M), Bavaria (€343M), Baden-Württemberg (€327M), Lower Saxony (€282M), and Hesse (€233M).

Growth In August 2024, the decrease in Germany's year-by-year exports to Spain was explained primarily by an decrease in product exports in Plates and sheets of iron or... (€-48.5M or -53.6%), Chassis, bodies, engines etc. for motor... (€-24.1M or -10.8%), and Motor cars and motor caravans (€-22.2M or -11%). In August 2024, the decrease in Germany's year-by-year imports from Spain was explained primarily by an decrease in product imports in Pharmaceutical products (€-330M or -60.6%), Plates and sheets of iron or... (€-21M or -46.6%), and Other chemical semi-finished products (€-18.4M or -52.1%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)€-161M(-5.28%)

IMPORT GROWTH (August 2023 - August 2024)€-284M(-9.99%)

MAIN EXPORTER (August 2024)North Rhine-Westphalia€553M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Spain and Germany trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Germany exported $49.7B to Spain. The main products exported from Germany to Spain were Cars ($4.54B), Motor vehicles; parts and accessories (8701 to 8705) ($2.35B), and Packaged Medicaments ($2.15B). During the last 5 years the exports of Germany to Spain have increased at an annualized rate of 1.52%, from $46.1B in 2017 to $49.7B in 2022.

In 2017, Spain exported $39.2B to Germany. The main products exported from Spain to Germany were Cars ($7.69B), Motor vehicles; parts and accessories (8701 to 8705) ($1.7B), and Packaged Medicaments ($1.39B). During the last 5 years the exports of Spain to Germany have increased at an annualized rate of 2.35%, from $34.9B in 2022 to $39.2B in 2017.

Exports from Germany () to Spain () (2022)

Exports from Spain () to Germany () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Germany
Top DestinationUnited States$153B

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Germany than Spain included United States ($153B), China ($109B), and Netherlands ($109B).

In 2022, countries that imported more from Spain than Germany included Portugal ($34.9B), Morocco ($12.1B), and Gibraltar ($2.2B).

Difference in imports from Spain () and Germany () (2022)

Comparative Advantage Germany - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Germany had a large net trade with Spain in the exports of Machines ($13.2B), Transportation ($8.87B), and Chemical Products ($8.27B).

During 2017, Spain had a large net trade with Germany in the exports of Transportation ($11.8B), Vegetable Products ($5.13B), and Machines ($4.75B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Germany Spain+$675MCars

Top Product Potential Spain Germany+$399MMotor vehicles; parts and accessories (8701 to 8705)

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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Bilateral Service Trade

Esp Year

Deu Year

In 2020, Germany exported services to Spain worth $5.92B, with Other business services ($2.45B), Transportation ($1.14B), and Travel ($663M) being the largest in terms of value.

In 2020, Spain exported services to Germany worth $2.46B, with Travel ($2.46B) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Germany () to Spain () (2020)

Services Exports from Spain () to Germany () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

Product Space of Germany () and Spain () (2022)

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