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Pricing

2022
Flag → Flag
Exports $1.28BRnk 42 / 218
2022
Flag → Flag
Top Product $115MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $1.72BRnk 12 / 168
2022
Flag → Flag
Top Product $712MSoybean Meal
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.064Rnk 61 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$633BCURRENT US$
Rnk 22 / 186
2012-2022
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GDP GROWTH15.9%CURRENT US$
Rnk 134 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$13,686CURRENT US$
Rnk 65 / 186
2012-2022
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GDP PC GROWTH4.61%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).

Latest Trends

September, 2024

About

Overview In September 2024, Spain exported €88.9M and imported €115M from Argentina, resulting in a negative trade balance of €26.3M. Between September 2023 and September 2024 the exports of Spain have increased by €1.87M (2.15%) from €87M to €88.9M, while imports decreased by €-61.2M (-34.7%) from €176M to €115M.

Trade In September 2024, the top exports of Spain to Argentina were Commodities not elsewhere specified (€9.71M), Motor vehicles; parts and accessories (8701... (€7.6M), Electrical Control Boards (€3.52M), Petroleum Coke (€2.48M), and Packaged Medicaments (€2.33M). In September 2024 the top imports of Spain from Argentina were Crustaceans (€63.2M), Soybean Meal (€31.2M), Biodiesel and mixtures thereof (€23.8M), Soybean Oil (€11.3M), and Other Vegetable Residues and Waste (€5M).

Origins In September 2024 the exports of Spain were mainly from Barcelona (€31.8M), Pontevedra (€13.8M), Madrid (€6.59M), Guipúzcoa (€6.47M), and Asturias (€6.4M), while imports destinations were mainly Pontevedra (€30.3M), Castellón (€18.3M), Huelva (€15M), Madrid (€9.7M), and Valencia (€6.45M).

Growth In September 2024, the increase in Spain's year-by-year exports to Argentina was explained primarily by an increase in product exports in Commodities not elsewhere specified (€3.06M or 46%), Electrical Control Boards (€2.49M or 243%), and Motor vehicles; parts and accessories (8701... (€1.73M or 29.4%). In September 2024, the decrease in Spain's year-by-year imports  from Argentina was explained primarily by an decrease in product imports  in Soybean Oil (€-10.7M or -48.5%), Biodiesel and mixtures thereof (€-6.97M or -22.6%), and Dried Legumes (€-4.6M or -53.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€1.87M(2.15%)
IMPORT GROWTH (September 2023 - September 2024)€-61.2M(-34.7%)
MAIN EXPORTER (September 2024)Barcelona€31.8M

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 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 DestinationFrance$65.2B
Argentina
Top DestinationBrazil$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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