2023
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GDP
$1.62TCURRENT US$
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2013-2023
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GDP GROWTH
18.9%CURRENT US$
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2023
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 GDP
$551BCURRENT US$
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2013-2023
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GDP GROWTH
127%CURRENT US$
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GDP PC 
$33,509CURRENT US$
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GDP PC GROWTH
14.7%CURRENT US$
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2023
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GDP PC
$103,888CURRENT US$
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97.4%CURRENT US$
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About

Spain-Ireland Trade: In 2023, Spain exported $3.7B to Ireland. The main products that Spain exported to Ireland were Nitrogen Heterocyclic Compounds ($681M), Vaccines, blood, antisera, toxins and cultures ($575M), and Planes, Helicopters, and/or Spacecraft ($260M). Over the past 5 years the exports of Spain to Ireland have increased at an annualized rate of 14.7%, from $1.86B in 2018 to $3.7B in 2023.

In 2020, Spain exported services to Ireland worth $327M, with Travel ($327M) being the largest in terms of value.

Ireland-Spain Trade: In 2023, Ireland exported $3.54B to Spain. The main products that Ireland exported to Spain were Packaged Medicaments ($477M), Industrial Fatty Acids, Oils and Alcohols ($455M), and Broadcasting Equipment ($439M). Over the past 5 years the exports of Ireland to Spain have increased at an annualized rate of 0.073%,  from $3.53B in 2018 to $3.54B in 2023.

In 2020, Ireland exported services to Spain worth $1.69B, with Other business services ($913M), Financial services ($274M), and Insurance services ($248M) 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $3.7B to Ireland. The main products exported from Spain to Ireland were Nitrogen Heterocyclic Compounds ($681M), Vaccines, blood, antisera, toxins and cultures ($575M), and Planes, Helicopters, and/or Spacecraft ($260M). During the last 5 years the exports of Spain to Ireland have increased at an annualized rate of 14.7%, from $1.86B in 2018 to $3.7B in 2023.

In 2018, Ireland exported $3.54B to Spain. The main products exported from Ireland to Spain were Packaged Medicaments ($477M), Industrial Fatty Acids, Oils and Alcohols ($455M), and Broadcasting Equipment ($439M). During the last 5 years the exports of Ireland to Spain have increased at an annualized rate of 0.073%, from $3.53B in 2023 to $3.54B in 2018.

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

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

Market Competitiveness

Color
Spain
Top Destination
France$61.9B
Ireland
Top Destination
United States$67.4B

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

In 2023, countries that imported more from Spain than Ireland included France ($61.9B), Portugal ($38.1B), and Italy ($34.7B).

In 2023, countries that imported more from Ireland than Spain included United States ($67.4B), China ($18B), and Belgium ($18.7B).

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

Comparative Advantage Spain - Ireland

Flow
Scale

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

During 2023, Spain had a large net trade with Ireland in the exports of Chemical Products ($1.47B), Transportation ($534M), and Metals ($362M).

During 2018, Ireland had a large net trade with Spain in the exports of Chemical Products ($1.64B), Machines ($1.03B), and Animal Products ($250M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Ireland+$95.6MCars
Top Product Potential Ireland Spain+$212MPackaged Medicaments

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 2020, Spain exported services to Ireland worth $327M, with Travel ($327M) being the largest in terms of value.

In 2020, Ireland exported services to Spain worth $1.69B, with Other business services ($913M), Financial services ($274M), and Insurance services ($248M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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