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2023
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Exports $3.16BRnk 22 / 220
2023
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Top Product $435MCars
2023
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Exports $1.71BRnk 10 / 214
2023
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Top Product $240MRefined Petroleum
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 0.4Rnk 46 / 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$243BCURRENT US$
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2013-2023
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GDP GROWTH2.93%CURRENT US$
Rnk 166 / 195
2023
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GDP PC $33,509CURRENT US$
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2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$23,401CURRENT US$
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2013-2023
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GDP PC GROWTH8.47%CURRENT US$
Rnk 139 / 195

About

Spain-Greece Trade: In 2023, Spain exported $3.16B to Greece. The main products that Spain exported to Greece were Cars ($435M), Non-Knit Women's Suits ($129M), and Bovine Meat ($99.9M). Over the past 5 years the exports of Spain to Greece have increased at an annualized rate of 6.18%, from $2.34B in 2018 to $3.16B in 2023.

In 2009, Spain exported services to Greece worth $831M, with Services not allocated ($527M), Travel ($176M), and Transportation ($128M) being the largest in terms of value.

Greece-Spain Trade: In 2023, Greece exported $1.71B to Spain. The main products that Greece exported to Spain were Refined Petroleum ($240M), Non-fillet Fresh Fish ($195M), and Packaged Medicaments ($129M). Over the past 5 years the exports of Greece to Spain have increased at an annualized rate of 12.6%,  from $947M in 2018 to $1.71B in 2023.

In 2020, Greece exported services to Spain worth $406M, with Transportation ($271M), Travel ($51.4M), and Other business services ($45.6M) 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, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €304M and imported €127M from Greece, resulting in a positive trade balance of €177M. Between November 2023 and November 2024 the exports of Spain have decreased by €-5.95M (-1.92%) from €310M to €304M, while imports decreased by €-22.4M (-15%) from €149M to €127M.

Trade In November 2024, the top exports of Spain to Greece were Cars (€21.9M), Refined Copper (€16.8M), Non-Knit Women's Suits (€9.36M), Bovine Meat (€8.79M), and Cyclic Hydrocarbons (€7.85M). In November 2024 the top imports of Spain from Greece were Refined Petroleum (€72.9M), Pure Olive Oil (€11.7M), Non-fillet Fresh Fish (€11.4M), Other Fruits (€6.36M), and Copper Pipes (€4.46M).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€66.5M), A Coruña (€41.8M), Huelva (€24.4M), Madrid (€20M), and Segovia (€19.7M), while imports destinations were mainly Barcelona (€65.5M), Madrid (€10.4M), Sevilla (€8.32M), Castellón (€7.13M), and Valencia (€4.82M).

Growth In November 2024, the decrease in Spain's year-by-year exports to Greece was explained primarily by an decrease in product exports in Refined Petroleum (€-10.7M or -66.9%), Other Oily Seeds (€-2.85M or -98.4%), and Coal Tar Oil (€-1.9M or -100%). In November 2024, the decrease in Spain's year-by-year imports  from Greece was explained primarily by an decrease in product imports  in Non-fillet Fresh Fish (€-4.14M or -26.7%), Packaged Medicaments (€-3.18M or -52.8%), and Metal Stoppers (€-903k or -92.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-5.95M(-1.92%)
IMPORT GROWTH (November 2023 - November 2024)€-22.4M(-15%)
MAIN EXPORTER (November 2024)Barcelona€66.5M

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 Greece and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Greece and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $3.16B to Greece. The main products exported from Spain to Greece were Cars ($435M), Non-Knit Women's Suits ($129M), and Bovine Meat ($99.9M). During the last 5 years the exports of Spain to Greece have increased at an annualized rate of 6.18%, from $2.34B in 2018 to $3.16B in 2023.

In 2018, Greece exported $1.71B to Spain. The main products exported from Greece to Spain were Refined Petroleum ($240M), Non-fillet Fresh Fish ($195M), and Packaged Medicaments ($129M). During the last 5 years the exports of Greece to Spain have increased at an annualized rate of 12.6%, from $947M in 2023 to $1.71B in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Greece
Top DestinationItaly$6.21B

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

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

In 2023, countries that imported more from Greece than Spain included Cyprus ($3.03B), Bulgaria ($2.38B), and Libya ($1.71B).

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

Comparative Advantage Spain - Greece

Flow
Scale

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

During 2023, Spain had a large net trade with Greece in the exports of Textiles ($511M), Transportation ($506M), and Chemical Products ($440M).

During 2018, Greece had a large net trade with Spain in the exports of Mineral Products ($405M), Animal Products ($257M), and Chemical Products ($205M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Greece+$68.8MCars
Top Product Potential Greece Spain+$109MRefined 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 2009, Spain exported services to Greece worth $831M, with Services not allocated ($527M), Travel ($176M), and Transportation ($128M) being the largest in terms of value.

In 2020, Greece exported services to Spain worth $406M, with Transportation ($271M), Travel ($51.4M), and Other business services ($45.6M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Greece (Flag) (2009)

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

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

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