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2022
Flag → Flag
Exports $1.87BRnk 33 / 218
2022
Flag → Flag
Top Product $239MCars
2022
Flag → Flag
Exports $989MRnk 32 / 213
2022
Flag → Flag
Top Product $501MCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag  
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$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
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GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Spain-Australia Trade: In 2022, Spain exported $1.87B to Australia. The main products that Spain exported to Australia were Cars ($239M), Packaged Medicaments ($120M), and Pure Olive Oil ($107M). Over the past 5 years the exports of Spain to Australia have decreased at an annualized rate of 0.51%, from $1.92B in 2017 to $1.87B in 2022.

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 2022, Australia exported $989M to Spain. The main products that Australia exported to Spain were Coal Briquettes ($501M), Zinc Ore ($131M), and Copper Ore ($66M). Over the past 5 years the exports of Australia to Spain have increased at an annualized rate of 8.67%,  from $652M in 2017 to $989M in 2022.

In 2022, Australia 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, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €155M and imported €52M from Australia, resulting in a positive trade balance of €103M. Between August 2023 and August 2024 the exports of Spain have increased by €21.1M (15.7%) from €134M to €155M, while imports decreased by €-4.22M (-7.5%) from €56.2M to €52M.

Trade In August 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 August 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 August 2024 the exports of Spain were mainly from Barcelona (€24.8M), Sevilla (€18M), Valencia (€17.8M), Valladolid (€15M), and Madrid (€14.6M), while imports destinations were mainly Asturias (€27M), Castellón (€5.23M), Barcelona (€4.68M), Madrid (€2.65M), and Alicante (€1.59M).

Growth In August 2024, the increase in Spain's year-by-year exports to Australia was explained primarily by an increase in product exports in Cars (€13.2M or 211%), Pure Olive Oil (€3.53M or 59.7%), and Delivery Trucks (€3.25M or 408%). In August 2024, the decrease in Spain's year-by-year imports  from Australia was explained primarily by an decrease in product imports  in Niobium, Tantalum, Vanadium and Zirconium Ore (€-6.26M or -60.1%), Activated Carbon (€-463k or -90.7%), and Microphones and Headphones (€-250k or -91%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€21.1M(15.7%)
IMPORT GROWTH (August 2023 - August 2024)€-4.22M(-7.5%)
MAIN EXPORTER (August 2024)Barcelona€24.8M

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 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 2022, Spain exported $1.87B to Australia. The main products exported from Spain to Australia were Cars ($239M), Packaged Medicaments ($120M), and Pure Olive Oil ($107M). During the last 5 years the exports of Spain to Australia have decreased at an annualized rate of 0.51%, from $1.92B in 2017 to $1.87B in 2022.

In 2017, Australia exported $989M to Spain. The main products exported from Australia to Spain were Coal Briquettes ($501M), Zinc Ore ($131M), and Copper Ore ($66M). During the last 5 years the exports of Australia to Spain have increased at an annualized rate of 8.67%, from $652M in 2022 to $989M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Australia than Spain included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

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 2022, Spain had a large net trade with Australia in the exports of Machines ($365M), Transportation ($363M), and Chemical Products ($346M).

During 2017, Australia had a large net trade with Spain in the exports of Mineral Products ($767M), Transportation ($51.8M), and Vegetable Products ($43.2M).

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) (2022)

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