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2023
Flag → Flag
Exports $2.3BRnk 27 / 220
2023
Flag → Flag
Top Product $245MCars
2023
Flag → Flag
Exports $950MRnk 30 / 211
2023
Flag → Flag
Top Product $584MCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.28Rnk 75 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$1.73TCURRENT US$
Rnk 13 / 195
2013-2023
Flag
GDP GROWTH9.57%CURRENT US$
Rnk 156 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$64,821CURRENT US$
Rnk 16 / 196
2013-2023
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GDP PC GROWTH-4.94%CURRENT US$
Rnk 159 / 195

About

Spain-Australia Trade: In 2023, Spain exported $2.3B to Australia. The main products that Spain exported to Australia were Cars ($245M), Vaccines, blood, antisera, toxins and cultures ($155M), and Packaged Medicaments ($134M). Over the past 5 years the exports of Spain to Australia have increased at an annualized rate of 2.79%, from $2.01B in 2018 to $2.3B in 2023.

In 2009, Spain exported services to Australia worth $1.01B, with Services not allocated ($592M) and Travel ($415M) being the largest in terms of value.

Australia-Spain Trade: In 2023, Australia exported $950M to Spain. The main products that Australia exported to Spain were Coal Briquettes ($584M), Niobium, Tantalum, Vanadium and Zirconium Ore ($74M), and Raw Nickel ($60.8M). Over the past 5 years the exports of Australia to Spain have increased at an annualized rate of 3.96%,  from $724M in 2018 to $950M in 2023.

In 2023, Australia 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, Australia ranked 75 in the Economic Complexity Index (ECI -0.28), and 20 in total exports ($374B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €132M and imported €49.3M from Australia, resulting in a positive trade balance of €82.7M. Between November 2023 and November 2024 the exports of Spain have decreased by €-28.1M (-17.5%) from €160M to €132M, while imports increased by €3.11M (6.74%) from €46.2M to €49.3M.

Trade In November 2024, the top exports of Spain to Australia were Cars (€19.4M), Pure Olive Oil (€9.44M), Packaged Medicaments (€4.8M), Delivery Trucks (€4.05M), and Washing and Bottling Machines (€3.75M). In November 2024 the top imports of Spain from Australia were Coal Briquettes (€45M), Niobium, Tantalum, Vanadium and Zirconium Ore (€4.16M), Other Nuts (€3.51M), Raw Nickel (€1.73M), and Electrical Transformers (€744k).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€27M), Sevilla (€12.5M), Valladolid (€12.1M), Valencia (€12M), and Madrid (€11.8M), while imports destinations were mainly Asturias (€31.7M), Castellón (€2.93M), Madrid (€2.65M), Barcelona (€1.94M), and Pontevedra (€1.92M).

Growth In November 2024, the decrease in Spain's year-by-year exports to Australia was explained primarily by an decrease in product exports in Electrical Transformers (€-5.89M or -95.6%), Electrical Control Boards (€-2.97M or -74.1%), and Hard Liquor (€-1.39M or -78.7%). In November 2024, the increase in Spain's year-by-year imports  from Australia was explained primarily by an increase in product imports  in Coal Briquettes (€31.2M or 225%), Other Nuts (€992k or 39.4%), and Electrical Transformers (€622k or 511%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-28.1M(-17.5%)
IMPORT GROWTH (November 2023 - November 2024)€3.11M(6.74%)
MAIN EXPORTER (November 2024)Barcelona€27M

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 Australia and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Australia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $2.3B to Australia. The main products exported from Spain to Australia were Cars ($245M), Vaccines, blood, antisera, toxins and cultures ($155M), and Packaged Medicaments ($134M). During the last 5 years the exports of Spain to Australia have increased at an annualized rate of 2.79%, from $2.01B in 2018 to $2.3B in 2023.

In 2018, Australia exported $950M to Spain. The main products exported from Australia to Spain were Coal Briquettes ($584M), Niobium, Tantalum, Vanadium and Zirconium Ore ($74M), and Raw Nickel ($60.8M). During the last 5 years the exports of Australia to Spain have increased at an annualized rate of 3.96%, from $724M in 2023 to $950M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Australia
Top DestinationChina$137B

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

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

In 2023, countries that imported more from Australia than Spain included China ($137B), Japan ($59B), and South Korea ($20.9B).

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

Comparative Advantage Spain - Australia

Flow
Scale

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

During 2023, Spain had a large net trade with Australia in the exports of Transportation ($564M), Chemical Products ($491M), and Machines ($434M).

During 2018, Australia had a large net trade with Spain in the exports of Mineral Products ($681M), Metals ($79.2M), and Vegetable Products ($53.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Australia+$165MCars
Top Product Potential Australia Spain+$61.3MCoal Briquettes

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

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

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