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2023
Flag → Flag
Exports $2.94BRnk 23 / 220
2023
Flag → Flag
Top Product $528MSpecial Purpose Ships
2023
Flag → Flag
Exports $6.31BRnk 20 / 220
2023
Flag → Flag
Top Product $980MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Spain-India Trade: In 2023, Spain exported $2.94B to India. The main products that Spain exported to India were Special Purpose Ships ($528M), Wine ($323M), and Prepared Pigments ($105M). Over the past 5 years the exports of Spain to India have increased at an annualized rate of 11%, from $1.74B in 2018 to $2.94B in 2023.

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

India-Spain Trade: In 2023, India exported $6.31B to Spain. The main products that India exported to Spain were Refined Petroleum ($980M), Nitrogen Heterocyclic Compounds ($476M), and Coated Flat-Rolled Iron ($246M). Over the past 5 years the exports of India to Spain have increased at an annualized rate of 5.52%,  from $4.82B in 2018 to $6.31B in 2023.

In 2023, India 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, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €168M and imported €509M from India, resulting in a negative trade balance of €342M. Between November 2023 and November 2024 the exports of Spain have increased by €38.3M (29.6%) from €129M to €168M, while imports increased by €56.5M (12.5%) from €453M to €509M.

Trade In November 2024, the top exports of Spain to India were Commodities not elsewhere specified (€12.7M), Prepared Pigments (€7.08M), Motor vehicles; parts and accessories (8701... (€6.15M), Petroleum Coke (€5.71M), and Recovered Paper (€4.89M). In November 2024 the top imports of Spain from India were Refined Petroleum (€66.4M), Nitrogen Heterocyclic Compounds (€40.6M), Telephones (€22.5M), Coated Flat-Rolled Iron (€19.8M), and Molluscs (€16.5M).

Origins In November 2024 the exports of Spain were mainly from Sevilla (€43.2M), Barcelona (€34.9M), Madrid (€15.4M), Guipúzcoa (€12.2M), and Castellón (€10.1M), while imports destinations were mainly Barcelona (€187M), Madrid (€81M), Vizcaya (€80.2M), Valencia (€27.5M), and Zaragoza (€26.2M).

Growth In November 2024, the increase in Spain's year-by-year exports to India was explained primarily by an increase in product exports in Commodities not elsewhere specified (€10.4M or 443%), Prepared Pigments (€2.84M or 66.9%), and Scrap Aluminium (€2.51M or 136%). In November 2024, the increase in Spain's year-by-year imports  from India was explained primarily by an increase in product imports  in Refined Petroleum (€65.2M or 5.3k%), Telephones (€11.8M or 110%), and Nucleic Acids (€5.46M or 343%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€38.3M(29.6%)
IMPORT GROWTH (November 2023 - November 2024)€56.5M(12.5%)
MAIN EXPORTER (November 2024)Sevilla€43.2M

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 India and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore India and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $2.94B to India. The main products exported from Spain to India were Special Purpose Ships ($528M), Wine ($323M), and Prepared Pigments ($105M). During the last 5 years the exports of Spain to India have increased at an annualized rate of 11%, from $1.74B in 2018 to $2.94B in 2023.

In 2018, India exported $6.31B to Spain. The main products exported from India to Spain were Refined Petroleum ($980M), Nitrogen Heterocyclic Compounds ($476M), and Coated Flat-Rolled Iron ($246M). During the last 5 years the exports of India to Spain have increased at an annualized rate of 5.52%, from $4.82B in 2023 to $6.31B in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
India
Top DestinationUnited States$85.5B

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

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

In 2023, countries that imported more from India than Spain included United States ($85.5B), United Arab Emirates ($28.8B), and Bangladesh ($11.3B).

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

Comparative Advantage Spain - India

Flow
Scale

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

During 2023, Spain had a large net trade with India in the exports of Transportation ($606M), Chemical Products ($547M), and Machines ($398M).

During 2018, India had a large net trade with Spain in the exports of Chemical Products ($1.17B), Mineral Products ($993M), and Textiles ($979M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain India+$186MRefined Petroleum
Top Product Potential India Spain+$461MRefined 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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Economic Complexity

Competitive Landscape

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

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

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