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2023
Flag → Flag
Exports $396MRnk 71 / 220
2023
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Top Product $40.6MCars
2023
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Exports $224MRnk 20 / 192
2023
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Top Product $21.3MWheat
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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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$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
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GDP GROWTH62.2%CURRENT US$
Rnk 49 / 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
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GDP PC$30,133CURRENT US$
Rnk 47 / 196
2013-2023
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GDP PC GROWTH56%CURRENT US$
Rnk 35 / 195

About

Spain-Estonia Trade: In 2023, Spain exported $396M to Estonia. The main products that Spain exported to Estonia were Cars ($40.6M), Raw Iron Bars ($19.8M), and Delivery Trucks ($19.7M). Over the past 5 years the exports of Spain to Estonia have increased at an annualized rate of 8.96%, from $258M in 2018 to $396M in 2023.

In 2023, Spain did not export any services to Estonia.

Estonia-Spain Trade: In 2023, Estonia exported $224M to Spain. The main products that Estonia exported to Spain were Wheat ($21.3M), Barley ($11.8M), and Excavation Machinery ($11.8M). Over the past 5 years the exports of Estonia to Spain have increased at an annualized rate of 9.15%,  from $144M in 2018 to $224M in 2023.

In 2020, Estonia exported services to Spain worth $66.9M, with Other business services ($23.2M), Computer and information services ($20.4M), and Transportation ($10.1M) being the largest in terms of value.

Comparison In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86),  and 16 in total exports ($402B). That same year, Estonia ranked 79 in total exports ($20B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €26.4M and imported €11.2M from Estonia, resulting in a positive trade balance of €15.3M. Between November 2023 and November 2024 the exports of Spain have decreased by €-21.6M (-45%) from €48.1M to €26.4M, while imports decreased by €-6.53M (-36.9%) from €17.7M to €11.2M.

Trade In November 2024, the top exports of Spain to Estonia were Explosive Ammunition (€4.47M), Military Weapons (€3.11M), Cars (€2.58M), Telephones (€1.37M), and Citrus (€974k). In November 2024 the top imports of Spain from Estonia were Barley (€12.6M), Excavation Machinery (€1.47M), Raw Nickel (€1.35M), Ferroalloys (€1.18M), and Glaziers Putty (€638k).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€3.97M), Álava (€3.75M), Pontevedra (€2.87M), Madrid (€2.23M), and Burgos (€2.03M), while imports destinations were mainly Barcelona (€2.64M), Valencia (€1.56M), Vizcaya (€1.05M), Zaragoza (€1.02M), and Madrid (€792k).

Growth In November 2024, the decrease in Spain's year-by-year exports to Estonia was explained primarily by an decrease in product exports in Polyacetals (€-1.5M or -94.4%), Video Displays (€-426k or -98.7%), and Valves (€-414k or -65.5%). In November 2024, the decrease in Spain's year-by-year imports  from Estonia was explained primarily by an decrease in product imports  in Rare-Earth Metal Compounds (€-572k or -59%), Telephones (€-332k or -56.3%), and Hair Products (€-158k or -59.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-21.6M(-45%)
IMPORT GROWTH (November 2023 - November 2024)€-6.53M(-36.9%)
MAIN EXPORTER (November 2024)Barcelona€3.97M

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 Estonia and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $396M to Estonia. The main products exported from Spain to Estonia were Cars ($40.6M), Raw Iron Bars ($19.8M), and Delivery Trucks ($19.7M). During the last 5 years the exports of Spain to Estonia have increased at an annualized rate of 8.96%, from $258M in 2018 to $396M in 2023.

In 2018, Estonia exported $224M to Spain. The main products exported from Estonia to Spain were Wheat ($21.3M), Barley ($11.8M), and Excavation Machinery ($11.8M). During the last 5 years the exports of Estonia to Spain have increased at an annualized rate of 9.15%, from $144M in 2023 to $224M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Estonia
Top DestinationFinland$2.71B

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

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

In 2023, countries that imported more from Estonia than Spain included Latvia ($1.91B), Finland ($2.71B), and Lithuania ($1.74B).

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

Comparative Advantage Spain - Estonia

Flow
Scale

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

During 2023, Spain had a large net trade with Estonia in the exports of Transportation ($73M), Metals ($58.6M), and Machines ($51.4M).

During 2018, Estonia had a large net trade with Spain in the exports of Vegetable Products ($48.4M), Machines ($40.4M), and Chemical Products ($21M).

Bilateral Service Trade

In 2020, Estonia exported services to Spain worth $66.9M, with Other business services ($23.2M), Computer and information services ($20.4M), and Transportation ($10.1M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Estonia (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 Estonia. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Estonia. Similarly, a dot/product with the flag of Estonia indicates it has a comparative advantage over Spain.

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

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