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2023
Flag → Flag
Exports $233MRnk 85 / 220
2023
Flag → Flag
Top Product $21.9MValves
2023
Flag → Flag
Exports $98.6MRnk 16 / 130
2023
Flag → Flag
Top Product $39.5MSpices
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 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$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

Spain-Iran Trade: In 2023, Spain exported $233M to Iran. The main products that Spain exported to Iran were Valves ($21.9M), Cranes ($20.8M), and Vaccines, blood, antisera, toxins and cultures ($19.3M). Over the past 5 years the exports of Spain to Iran have decreased at an annualized rate of 20.4%, from $729M in 2018 to $233M in 2023.

In 2003, Spain exported services to Iran worth $39.2M, with Transportation ($12.6M), Other business services ($10.1M), and Construction services ($7.58M) being the largest in terms of value.

Iran-Spain Trade: In 2023, Iran exported $98.6M to Spain. The main products that Iran exported to Spain were Spices ($39.5M), Other Nuts ($23.1M), and Ethylene Polymers ($6.94M). Over the past 5 years the exports of Iran to Spain have decreased at an annualized rate of 47.3%,  from $2.42B in 2018 to $98.6M in 2023.

In 2023, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €11.9M and imported €9.32M from Iran, resulting in a positive trade balance of €2.56M. Between November 2023 and November 2024 the exports of Spain have decreased by €-2.13M (-15.2%) from €14M to €11.9M, while imports decreased by €-506k (-5.15%) from €9.83M to €9.32M.

Trade In November 2024, the top exports of Spain to Iran were Centrifuges (€2.95M), Valves (€1.97M), Scented Mixtures (€1.59M), Mixed Mineral or Chemical Fertilizers (€1.11M), and Transmissions (€1.09M). In November 2024 the top imports of Spain from Iran were Spices (€2.55M), Other Nuts (€1.85M), Float Glass (€888k), Ethylene Polymers (€703k), and Cast Iron Pipes (€609k).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€4.52M), Guipúzcoa (€1.47M), Murcia (€863k), Vizcaya (€809k), and Pontevedra (€735k), while imports destinations were mainly Madrid (€1.89M), Valencia (€1.81M), Alicante (€1.66M), Toledo (€1.25M), and Málaga (€759k).

Growth In November 2024, the decrease in Spain's year-by-year exports to Iran was explained primarily by an decrease in product exports in Oxygen Amino Compounds (€-362k or -99.4%), Laboratory Reagents (€-105k or -69.2%), and Cleaning Products (€-76.6k or -99.2%). In November 2024, the decrease in Spain's year-by-year imports  from Iran was explained primarily by an decrease in product imports  in Ethylene Polymers (€-1.39M or -66.4%), Float Glass (€-659k or -42.6%), and Spices (€-375k or -12.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-2.13M(-15.2%)
IMPORT GROWTH (November 2023 - November 2024)€-506k(-5.15%)
MAIN EXPORTER (November 2024)Barcelona€4.52M

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 Iran and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Iran and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $233M to Iran. The main products exported from Spain to Iran were Valves ($21.9M), Cranes ($20.8M), and Vaccines, blood, antisera, toxins and cultures ($19.3M). During the last 5 years the exports of Spain to Iran have decreased at an annualized rate of 20.4%, from $729M in 2018 to $233M in 2023.

In 2018, Iran exported $98.6M to Spain. The main products exported from Iran to Spain were Spices ($39.5M), Other Nuts ($23.1M), and Ethylene Polymers ($6.94M). During the last 5 years the exports of Iran to Spain have decreased at an annualized rate of 47.3%, from $2.42B in 2023 to $98.6M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Iran
Top DestinationChina$4.59B

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

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

In 2023, countries that imported more from Iran than Spain included Pakistan ($943M), Armenia ($597M), and Azerbaijan ($473M).

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

Comparative Advantage Spain - Iran

Flow
Scale

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

During 2023, Spain had a large net trade with Iran in the exports of Machines ($94.6M), Chemical Products ($85.9M), and Paper Goods ($17.2M).

During 2018, Iran had a large net trade with Spain in the exports of Vegetable Products ($64M), Stone And Glass ($9.1M), and Plastics and Rubbers ($7.97M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Iran+$13.9MPackaged Medicaments
Top Product Potential Iran Spain+$19.7MEthylene Polymers

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

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

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