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2022
Flag → Flag
Exports $32.1BRnk 4 / 218
2022
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Top Product $3.3BCars
2022
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Exports $32.8BRnk 4 / 221
2022
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Top Product $1.9BBroadcasting Equipment
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Spain-Italy Trade: In 2022, Spain exported $32.1B to Italy. The main products that Spain exported to Italy were Cars ($3.3B), Industrial Fatty Acids, Oils and Alcohols ($1.55B), and Pure Olive Oil ($1.28B). Over the past 5 years the exports of Spain to Italy have increased at an annualized rate of 5.7%, from $24.4B in 2017 to $32.1B in 2022.

In 2020, Spain exported services to Italy worth $704M, with Travel ($704M) being the largest in terms of value.

Italy-Spain Trade: In 2022, Italy exported $32.8B to Spain. The main products that Italy exported to Spain were Broadcasting Equipment ($1.9B), Refined Petroleum ($1.53B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.07B). Over the past 5 years the exports of Italy to Spain have increased at an annualized rate of 5.12%,  from $25.6B in 2017 to $32.8B in 2022.

In 2020, Italy exported services to Spain worth $2.22B, with Travel ($774M), Other business services ($556M), and Transportation ($297M) being the largest in terms of value.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €2.09B and imported €1.75B from Italy, resulting in a positive trade balance of €343M. Between August 2023 and August 2024 the exports of Spain have increased by €159M (8.21%) from €1.93B to €2.09B, while imports decreased by €-4.47M (-0.26%) from €1.75B to €1.75B.

Trade In August 2024, the top exports of Spain to Italy were Cars (€348M), Petroleum Gas (€220M), Biodiesel and mixtures thereof (€115M), Tractors (€87.8M), and Pure Olive Oil (€45.1M). In August 2024 the top imports of Spain from Italy were Refined Petroleum (€171M), Motor vehicles; parts and accessories (8701... (€93.4M), Cars (€63.3M), Telephones (€58.3M), and Biodiesel and mixtures thereof (€49.9M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€385M), Madrid (€166M), Zaragoza (€148M), Huelva (€146M), and A Coruña (€123M), while imports destinations were mainly Barcelona (€437M), Madrid (€433M), Valencia (€78M), Castellón (€76.7M), and Huelva (€68M).

Growth In August 2024, the increase in Spain's year-by-year exports to Italy was explained primarily by an increase in product exports in Petroleum Gas (€217M or 8.79k%), Cars (€99.7M or 40.2%), and Tractors (€32.5M or 58.7%). In August 2024, the decrease in Spain's year-by-year imports  from Italy was explained primarily by an decrease in product imports  in Packaged Medicaments (€-26.9M or -40.3%), Office Machine Parts (€-16.1M or -91.4%), and Coated Flat-Rolled Iron (€-8.1M or -46.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€159M(8.21%)
IMPORT GROWTH (August 2023 - August 2024)€-4.47M(-0.26%)
MAIN EXPORTER (August 2024)Barcelona€385M

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 Italy and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Italy and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $32.1B to Italy. The main products exported from Spain to Italy were Cars ($3.3B), Industrial Fatty Acids, Oils and Alcohols ($1.55B), and Pure Olive Oil ($1.28B). During the last 5 years the exports of Spain to Italy have increased at an annualized rate of 5.7%, from $24.4B in 2017 to $32.1B in 2022.

In 2017, Italy exported $32.8B to Spain. The main products exported from Italy to Spain were Broadcasting Equipment ($1.9B), Refined Petroleum ($1.53B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.07B). During the last 5 years the exports of Italy to Spain have increased at an annualized rate of 5.12%, from $25.6B in 2022 to $32.8B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Italy
Top DestinationGermany$78.5B

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

In 2022, countries that imported more from Spain than Italy included Portugal ($34.9B), Morocco ($12.1B), and France ($65.2B).

In 2022, countries that imported more from Italy than Spain included United States ($68.2B), Germany ($78.5B), and Switzerland ($27.8B).

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

Comparative Advantage Spain - Italy

Flow
Scale

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

During 2022, Spain had a large net trade with Italy in the exports of Transportation ($5.27B), Chemical Products ($4.35B), and Metals ($3.43B).

During 2017, Italy had a large net trade with Spain in the exports of Machines ($8.4B), Chemical Products ($3.73B), and Metals ($3.45B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Italy+$278MPackaged Medicaments
Top Product Potential Italy Spain+$329MPackaged 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 Italy worth $704M, with Travel ($704M) being the largest in terms of value.

In 2020, Italy exported services to Spain worth $2.22B, with Travel ($774M), Other business services ($556M), and Transportation ($297M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Product Space of Spain (Flag) and Italy (Flag) (2022)

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