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2023
Flag → Flag
Exports $8.45BRnk 12 / 220
2023
Flag → Flag
Top Product $977MPackaged Medicaments
2023
Flag → Flag
Exports $47.2BRnk 22 / 208
2023
Flag → Flag
Top Product $3.09BCars
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 1.16Rnk 21 / 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$17.8TCURRENT US$
Rnk 2 / 195
2013-2023
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GDP GROWTH85.9%CURRENT US$
Rnk 22 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$12,614CURRENT US$
Rnk 80 / 196
2013-2023
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GDP PC GROWTH79.7%CURRENT US$
Rnk 17 / 195

About

Spain-China Trade: In 2023, Spain exported $8.45B to China. The main products that Spain exported to China were Packaged Medicaments ($977M), Copper Ore ($819M), and Pig Meat ($787M). Over the past 5 years the exports of Spain to China have increased at an annualized rate of 0.9%, from $8.08B in 2018 to $8.45B in 2023.

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

China-Spain Trade: In 2023, China exported $47.2B to Spain. The main products that China exported to Spain were Cars ($3.09B), Semiconductor Devices ($2.41B), and Broadcasting Equipment ($2.17B). Over the past 5 years the exports of China to Spain have increased at an annualized rate of 8.2%,  from $31.8B in 2018 to $47.2B in 2023.

In 2023, China 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, China ranked 21 in the Economic Complexity Index (ECI 1.16), and 1 in total exports ($3.42T).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €698M and imported €3.57B from China, resulting in a negative trade balance of €2.87B. Between November 2023 and November 2024 the exports of Spain have increased by €86M (14.1%) from €612M to €698M, while imports decreased by €-387M (-9.78%) from €3.96B to €3.57B.

Trade In November 2024, the top exports of Spain to China were Pig Meat (€81M), Edible Offal (€43.7M), Ethylene Polymers (€32.5M), Packaged Medicaments (€25.8M), and Scrap Copper (€18.4M). In November 2024 the top imports of Spain from China were Cars (€271M), Semiconductor Devices (€237M), Electric Batteries (€197M), Telephones (€180M), and Computers (€139M).

Origins In November 2024 the exports of Spain were mainly from Madrid (€171M), Barcelona (€115M), Huelva (€109M), Valencia (€32.6M), and Girona (€31.5M), while imports destinations were mainly Madrid (€995M), Barcelona (€841M), Valencia (€310M), Zaragoza (€250M), and Alicante (€111M).

Growth In November 2024, the increase in Spain's year-by-year exports to China was explained primarily by an increase in product exports in Ethylene Polymers (€26M or 398%), Packaged Medicaments (€12.8M or 98.5%), and Edible Offal (€8.82M or 25.3%). In November 2024, the decrease in Spain's year-by-year imports  from China was explained primarily by an decrease in product imports  in Computers (€-91.5M or -39.7%), Laboratory Reagents (€-50.8M or -94.7%), and Inedible Fats and Oils (€-26.9M or -69.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€86M(14.1%)
IMPORT GROWTH (November 2023 - November 2024)€-387M(-9.78%)
MAIN EXPORTER (November 2024)Madrid€171M

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 China and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore China and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $8.45B to China. The main products exported from Spain to China were Packaged Medicaments ($977M), Copper Ore ($819M), and Pig Meat ($787M). During the last 5 years the exports of Spain to China have increased at an annualized rate of 0.9%, from $8.08B in 2018 to $8.45B in 2023.

In 2018, China exported $47.2B to Spain. The main products exported from China to Spain were Cars ($3.09B), Semiconductor Devices ($2.41B), and Broadcasting Equipment ($2.17B). During the last 5 years the exports of China to Spain have increased at an annualized rate of 8.2%, from $31.8B in 2023 to $47.2B in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
China
Top DestinationUnited States$436B

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

In 2023, countries that imported more from Spain than China included Portugal ($38.1B), France ($61.9B), and Morocco ($11.7B).

In 2023, countries that imported more from China than Spain included United States ($436B), Hong Kong ($259B), and Japan ($169B).

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

Comparative Advantage Spain - China

Flow
Scale

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

During 2023, Spain had a large net trade with China in the exports of Chemical Products ($1.73B), Animal Products ($1.69B), and Mineral Products ($1.16B).

During 2018, China had a large net trade with Spain in the exports of Machines ($19B), Textiles ($5.09B), and Transportation ($4.35B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain China+$367MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential China Spain+$982MTelephones

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

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

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