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2023
Flag → Flag
Exports $1.29BRnk 40 / 220
2023
Flag → Flag
Top Product $128MMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $1.43BRnk 11 / 168
2023
Flag → Flag
Top Product $304MCrustaceans
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 0.043Rnk 61 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$646BCURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP GROWTH17%CURRENT US$
Rnk 148 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$14,187CURRENT US$
Rnk 73 / 196
2013-2023
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GDP PC GROWTH9.44%CURRENT US$
Rnk 135 / 195

About

Spain-Argentina Trade: In 2023, Spain exported $1.29B to Argentina. The main products that Spain exported to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($128M), Refined Petroleum ($67.6M), and Stone Processing Machines ($53.6M). Over the past 5 years the exports of Spain to Argentina have decreased at an annualized rate of 2.26%, from $1.44B in 2018 to $1.29B in 2023.

In 2009, Spain exported services to Argentina worth $1.16B, with Services not allocated ($745M), Travel ($229M), and Transportation ($183M) being the largest in terms of value.

Argentina-Spain Trade: In 2023, Argentina exported $1.43B to Spain. The main products that Argentina exported to Spain were Crustaceans ($304M), Soybean Meal ($279M), and Soybean Oil ($144M). Over the past 5 years the exports of Argentina to Spain have decreased at an annualized rate of 3.8%,  from $1.81B in 2018 to $1.43B in 2023.

In 2023, Argentina did not export any services to Spain.

Comparison: In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.043), and 50 in total exports ($68.3B).

Latest Trends

December, 2024

About

Overview In December 2024, Spain exported €97.2M and imported €111M from Argentina, resulting in a negative trade balance of €14.2M. Between December 2023 and December 2024 the exports of Spain have increased by €35.5M (57.4%) from €61.8M to €97.2M, while imports increased by €38.1M (51.9%) from €73.3M to €111M.

Trade In December 2024, the top exports of Spain to Argentina were Commodities not elsewhere specified (€7.58M), Electric Motors (€7.52M), Stone Processing Machines (€7.37M), Perfumes (€7.17M), and Motor vehicles; parts and accessories (8701... (€5.49M). In December 2024 the top imports of Spain from Argentina were Crustaceans (€68.6M), Soybean Meal (€20.5M), Fish Fillets (€6.26M), Dried Legumes (€4.44M), and Molluscs (€3.31M).

Origins In December 2024 the exports of Spain were mainly from Barcelona (€24.7M), Castellón (€20.5M), Pontevedra (€13.7M), Madrid (€7.36M), and Valencia (€5.88M), while imports destinations were mainly Madrid (€20.3M), Tarragona (€18M), Pontevedra (€15.3M), A Coruña (€15.1M), and Valencia (€8.62M).

Growth In December 2024, the increase in Spain's year-by-year exports to Argentina was explained primarily by an increase in product exports in Electric Motors (€7.44M or 10.4k%), Stone Processing Machines (€7.01M or 1.95k%), and Perfumes (€6.65M or 1.28k%). In December 2024, the increase in Spain's year-by-year imports  from Argentina was explained primarily by an increase in product imports  in Crustaceans (€5.38M or 8.51%), Fish Fillets (€2.31M or 58.6%), and Other Vegetable Residues (€2.14M or 1.79M%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)€35.5M(57.4%)
IMPORT GROWTH (December 2023 - December 2024)€38.1M(51.9%)
MAIN EXPORTER (December 2024)Barcelona€24.7M

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

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

For full datasets download visit Bulk Download page.

Explore Argentina and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $1.29B to Argentina. The main products exported from Spain to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($128M), Refined Petroleum ($67.6M), and Stone Processing Machines ($53.6M). During the last 5 years the exports of Spain to Argentina have decreased at an annualized rate of 2.26%, from $1.44B in 2018 to $1.29B in 2023.

In 2018, Argentina exported $1.43B to Spain. The main products exported from Argentina to Spain were Crustaceans ($304M), Soybean Meal ($279M), and Soybean Oil ($144M). During the last 5 years the exports of Argentina to Spain have decreased at an annualized rate of 3.8%, from $1.81B in 2023 to $1.43B in 2018.

Exports from Spain (Flag) to Argentina (Flag) (2023)

Exports from Argentina (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Argentina
Top DestinationBrazil$12.1B

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

In 2023, countries that imported more from Spain than Argentina included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, countries that imported more from Argentina than Spain included Brazil ($12.1B), Chile ($5.57B), and Peru ($2.55B).

Difference in imports from Argentina (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - Argentina

Flow
Scale

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

During 2023, Spain had a large net trade with Argentina in the exports of Machines ($323M), Chemical Products ($305M), and Transportation ($180M).

During 2018, Argentina had a large net trade with Spain in the exports of Animal Products ($427M), Foodstuffs ($369M), and Animal and Vegetable Bi-Products ($213M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Argentina+$46.9MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Argentina Spain+$20.2MCorn

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 Spain and Argentina. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Argentina. Similarly, a dot/product with the flag of Argentina indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Argentina (Flag) (2023)

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