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2022
Flag → Flag
Exports $2.75BRnk 24 / 218
2022
Flag → Flag
Top Product $247MSpark-Ignition Engines
2022
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Exports $2.47BRnk 18 / 215
2022
Flag → Flag
Top Product $943MCrude Petroleum
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.92Rnk 31 / 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$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
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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$54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Spain-Canada Trade: In 2022, Spain exported $2.75B to Canada. The main products that Spain exported to Canada were Spark-Ignition Engines ($247M), Packaged Medicaments ($239M), and Petroleum Jelly ($145M). Over the past 5 years the exports of Spain to Canada have increased at an annualized rate of 6.81%, from $1.98B in 2017 to $2.75B in 2022.

In 2018, Spain exported services to Canada worth $0, with being the largest in terms of value.

Canada-Spain Trade: In 2022, Canada exported $2.47B to Spain. The main products that Canada exported to Spain were Crude Petroleum ($943M), Iron Ore ($305M), and Packaged Medicaments ($188M). Over the past 5 years the exports of Canada to Spain have increased at an annualized rate of 11.2%,  from $1.45B in 2017 to $2.47B in 2022.

In 2020, Canada exported services to Spain worth $145M, with Travel ($46.2M), Computer and information services ($37.3M), and Transportation ($29.8M) being the largest in terms of value.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Latest Trends

September, 2024

About

Overview In September 2024, Spain exported €136M and imported €155M from Canada, resulting in a negative trade balance of €18.4M. Between September 2023 and September 2024 the exports of Spain have decreased by €-27.1M (-16.6%) from €164M to €136M, while imports decreased by €-39.7M (-20.4%) from €195M to €155M.

Trade In September 2024, the top exports of Spain to Canada were Spark-Ignition Engines (€17.7M), Petroleum Coke (€11.7M), Packaged Medicaments (€10.2M), Citrus (€9.25M), and Refined Petroleum (€8.46M). In September 2024 the top imports of Spain from Canada were Iron Ore (€23.1M), Packaged Medicaments (€13.5M), Wheat (€8.81M), Gas Turbines (€7.33M), and Dried Legumes (€4.97M).

Origins In September 2024 the exports of Spain were mainly from Madrid (€26.2M), Barcelona (€19.1M), Guipúzcoa (€9.24M), Navarra (€6.47M), and Sevilla (€5.99M), while imports destinations were mainly Vizcaya (€50.2M), Asturias (€37M), Madrid (€17M), Sevilla (€14.6M), and Barcelona (€13.5M).

Growth In September 2024, the decrease in Spain's year-by-year exports to Canada was explained primarily by an decrease in product exports in Spark-Ignition Engines (€-11.6M or -39.7%), Iron Blocks (€-6.48M or -99%), and Delivery Trucks (€-2.74M or -77.7%). In September 2024, the decrease in Spain's year-by-year imports  from Canada was explained primarily by an decrease in product imports  in Excavation Machinery (€-11.7M or -96.2%), Reaction and Catalytic Products (€-4.74M or -98.4%), and Raw Nickel (€-3.65M or -85.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€-27.1M(-16.6%)
IMPORT GROWTH (September 2023 - September 2024)€-39.7M(-20.4%)
MAIN EXPORTER (September 2024)Madrid€26.2M

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 Canada and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Canada and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $2.75B to Canada. The main products exported from Spain to Canada were Spark-Ignition Engines ($247M), Packaged Medicaments ($239M), and Petroleum Jelly ($145M). During the last 5 years the exports of Spain to Canada have increased at an annualized rate of 6.81%, from $1.98B in 2017 to $2.75B in 2022.

In 2017, Canada exported $2.47B to Spain. The main products exported from Canada to Spain were Crude Petroleum ($943M), Iron Ore ($305M), and Packaged Medicaments ($188M). During the last 5 years the exports of Canada to Spain have increased at an annualized rate of 11.2%, from $1.45B in 2022 to $2.47B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Canada
Top DestinationUnited States$438B

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

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

In 2022, countries that imported more from Canada than Spain included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Spain - Canada

Flow
Scale

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

During 2022, Spain had a large net trade with Canada in the exports of Machines ($549M), Chemical Products ($411M), and Mineral Products ($399M).

During 2017, Canada had a large net trade with Spain in the exports of Mineral Products ($1.31B), Vegetable Products ($321M), and Chemical Products ($269M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Canada+$122MRefined Petroleum
Top Product Potential Canada Spain+$587MCrude Petroleum

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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Bilateral Service Trade

In 2018, Spain exported services to Canada worth $0, with being the largest in terms of value.

In 2020, Canada exported services to Spain worth $145M, with Travel ($46.2M), Computer and information services ($37.3M), and Transportation ($29.8M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Canada (Flag) (2018)

Services Exports from Canada (Flag) to Spain (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Spain and Canada. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Canada (Flag) (2022)

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