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Pricing

2022
Flag → Flag
Exports $240MRnk 85 / 218
2022
Flag → Flag
Top Product $41.1MIndustrial Furnaces
2022
Flag → Flag
Exports $161MRnk 14 / 127
2022
Flag → Flag
Top Product $41.1MSpices
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Spain-Iran Trade: In 2022, Spain exported $240M to Iran. The main products that Spain exported to Iran were Industrial Furnaces ($41.1M), Valves ($29.6M), and Mixed Mineral or Chemical Fertilizers ($15.3M). Over the past 5 years the exports of Spain to Iran have decreased at an annualized rate of 15%, from $542M in 2017 to $240M in 2022.

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 2022, Iran exported $161M to Spain. The main products that Iran exported to Spain were Spices ($41.1M), Float Glass ($24.5M), and Other Nuts ($23.1M). Over the past 5 years the exports of Iran to Spain have decreased at an annualized rate of 36.9%,  from $1.61B in 2017 to $161M in 2022.

In 2022, Iran did not export any services to Spain.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €5.75M and imported €3.68M from Iran, resulting in a positive trade balance of €2.06M. Between August 2023 and August 2024 the exports of Spain have decreased by €-8.85M (-60.6%) from €14.6M to €5.75M, while imports decreased by €-396k (-9.7%) from €4.08M to €3.68M.

Trade In August 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 August 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 August 2024 the exports of Spain were mainly from Barcelona (€1.85M), Pontevedra (€568k), Madrid (€499k), León (€459k), and Murcia (€360k), while imports destinations were mainly Alicante (€841k), Madrid (€785k), Valencia (€771k), and Barcelona (€242k).

Growth In August 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 August 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 (August 2023 - August 2024)€-8.85M(-60.6%)
IMPORT GROWTH (August 2023 - August 2024)€-396k(-9.7%)
MAIN EXPORTER (August 2024)Barcelona€1.85M

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 2022, Spain exported $240M to Iran. The main products exported from Spain to Iran were Industrial Furnaces ($41.1M), Valves ($29.6M), and Mixed Mineral or Chemical Fertilizers ($15.3M). During the last 5 years the exports of Spain to Iran have decreased at an annualized rate of 15%, from $542M in 2017 to $240M in 2022.

In 2017, Iran exported $161M to Spain. The main products exported from Iran to Spain were Spices ($41.1M), Float Glass ($24.5M), and Other Nuts ($23.1M). During the last 5 years the exports of Iran to Spain have decreased at an annualized rate of 36.9%, from $1.61B in 2022 to $161M in 2017.

Exports from Spain (Flag) to Iran (Flag) (2022)

Exports from Iran (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Iran
Top DestinationChina$5.72B

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 2022, countries that imported more from Spain than Iran included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Iran than Spain included Armenia ($557M), Pakistan ($762M), and Azerbaijan ($454M).

Difference in imports from Iran (Flag) and Spain (Flag) (2022)

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 2022, Spain had a large net trade with Iran in the exports of Machines ($116M), Chemical Products ($73.5M), and Paper Goods ($14.7M).

During 2017, Iran had a large net trade with Spain in the exports of Vegetable Products ($66.2M), Metals ($28.2M), and Stone And Glass ($26.9M).

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) (2022)

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