2022
Flag  
GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP
$633BCURRENT US$
Rnk 22 / 186
2012-2022
Flag
GDP GROWTH
15.9%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC 
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC
$13,686CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
4.61%CURRENT US$
Rnk 129 / 186

About

Spain-Argentina Trade: In 2022, Spain exported $1.28B to Argentina. The main products that Spain exported to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($115M), Refined Petroleum ($55.7M), and Mixed Mineral or Chemical Fertilizers ($43.8M). Over the past 5 years the exports of Spain to Argentina have decreased at an annualized rate of 3.35%, from $1.52B in 2017 to $1.28B in 2022.

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 2022, Argentina exported $1.72B to Spain. The main products that Argentina exported to Spain were Soybean Meal ($712M), Crustaceans ($347M), and Soybean Oil ($88.1M). Over the past 5 years the exports of Argentina to Spain have increased at an annualized rate of 2.44%,  from $1.53B in 2017 to $1.72B in 2022.

In 2022, Argentina did not export any services to Spain.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Argentina ranked 61 in the Economic Complexity Index (ECI 0.064), and 47 in total exports ($87.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $1.28B to Argentina. The main products exported from Spain to Argentina were Motor vehicles; parts and accessories (8701 to 8705) ($115M), Refined Petroleum ($55.7M), and Mixed Mineral or Chemical Fertilizers ($43.8M). During the last 5 years the exports of Spain to Argentina have decreased at an annualized rate of 3.35%, from $1.52B in 2017 to $1.28B in 2022.

In 2017, Argentina exported $1.72B to Spain. The main products exported from Argentina to Spain were Soybean Meal ($712M), Crustaceans ($347M), and Soybean Oil ($88.1M). During the last 5 years the exports of Argentina to Spain have increased at an annualized rate of 2.44%, from $1.53B in 2022 to $1.72B in 2017.

Exports from Spain (Flag) to Argentina (Flag) (2022)

Exports from Argentina (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Argentina
Top Destination
Brazil$12.6B

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

In 2022, countries that imported more from Argentina than Spain included Brazil ($12.6B), Chile ($5.11B), and Vietnam ($3.25B).

Difference in imports from Argentina (Flag) and Spain (Flag) (2022)

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 2022, Spain had a large net trade with Argentina in the exports of Machines ($302M), Chemical Products ($299M), and Transportation ($166M).

During 2017, Argentina had a large net trade with Spain in the exports of Foodstuffs ($820M), Animal Products ($455M), and Vegetable Products ($187M).

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) (2022)

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