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2023
Flag → Flag
Exports $4.67BRnk 15 / 220
2023
Flag → Flag
Top Product $855MVaccines, blood, antisera, toxins and cultures
2023
Flag → Flag
Exports $4.8BRnk 28 / 211
2023
Flag → Flag
Top Product $1.88BCars
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$33,767CURRENT US$
Rnk 38 / 196
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195

About

Spain-Japan Trade: In 2023, Spain exported $4.67B to Japan. The main products that Spain exported to Japan were Vaccines, blood, antisera, toxins and cultures ($855M), Pig Meat ($688M), and Cars ($434M). Over the past 5 years the exports of Spain to Japan have increased at an annualized rate of 7.12%, from $3.31B in 2018 to $4.67B in 2023.

In 2017, Spain exported services to Japan worth $0, with being the largest in terms of value.

Japan-Spain Trade: In 2023, Japan exported $4.8B to Spain. The main products that Japan exported to Spain were Cars ($1.88B), Hot-Rolled Iron ($282M), and Motorcycles and cycles ($226M). Over the past 5 years the exports of Japan to Spain have increased at an annualized rate of 0.16%,  from $4.76B in 2018 to $4.8B in 2023.

In 2009, Japan exported services to Spain worth $1.43B, with Services not allocated ($716M), Other business services ($539M), and Travel ($61.9M) 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($766B).

Latest Trends

December, 2024

About

Overview In December 2024, Spain exported €247M and imported €444M from Japan, resulting in a negative trade balance of €197M. Between December 2023 and December 2024 the exports of Spain have increased by €37.8M (18%) from €210M to €247M, while imports increased by €14.8M (3.45%) from €429M to €444M.

Trade In December 2024, the top exports of Spain to Japan were Pig Meat (€57.8M), Motor vehicles; parts and accessories (8701... (€19.9M), Trunks and Cases (€17.6M), Non-Iron and Steel Slag, Ash and... (€14.5M), and Pure Olive Oil (€12.4M). In December 2024 the top imports of Spain from Japan were Cars (€167M), Hot-Rolled Iron (€79.1M), Motorcycles and cycles (€16.8M), Gas Turbines (€11.4M), and Industrial Printers (€10.4M).

Origins In December 2024 the exports of Spain were mainly from Barcelona (€62.1M), Madrid (€34.9M), Cantabria (Santander) (€21.7M), Zaragoza (€15.8M), and Girona (€15.4M), while imports destinations were mainly Barcelona (€132M), Valencia (€109M), Madrid (€71.5M), Sin provincia asignada (€62.1M), and Vizcaya (€10.4M).

Growth In December 2024, the increase in Spain's year-by-year exports to Japan was explained primarily by an increase in product exports in Trunks and Cases (€10.2M or 137%), Motor vehicles; parts and accessories (8701... (€9.44M or 90.3%), and Processed Tomatoes (€2.2M or 127%). In December 2024, the increase in Spain's year-by-year imports  from Japan was explained primarily by an increase in product imports  in Cars (€76.2M or 84.2%), Hot-Rolled Iron (€57.2M or 262%), and Gas Turbines (€4.6M or 67.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)€37.8M(18%)
IMPORT GROWTH (December 2023 - December 2024)€14.8M(3.45%)
MAIN EXPORTER (December 2024)Barcelona€62.1M

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 Japan and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Japan and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $4.67B to Japan. The main products exported from Spain to Japan were Vaccines, blood, antisera, toxins and cultures ($855M), Pig Meat ($688M), and Cars ($434M). During the last 5 years the exports of Spain to Japan have increased at an annualized rate of 7.12%, from $3.31B in 2018 to $4.67B in 2023.

In 2018, Japan exported $4.8B to Spain. The main products exported from Japan to Spain were Cars ($1.88B), Hot-Rolled Iron ($282M), and Motorcycles and cycles ($226M). During the last 5 years the exports of Japan to Spain have increased at an annualized rate of 0.16%, from $4.76B in 2023 to $4.8B in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Japan
Top DestinationUnited States$143B

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

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

In 2023, countries that imported more from Japan than Spain included China ($138B), United States ($143B), and Chinese Taipei ($43B).

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

Comparative Advantage Spain - Japan

Flow
Scale

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

During 2023, Spain had a large net trade with Japan in the exports of Chemical Products ($1.45B), Animal Products ($853M), and Transportation ($567M).

During 2018, Japan had a large net trade with Spain in the exports of Transportation ($2.28B), Machines ($1.17B), and Metals ($499M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Japan+$235MCars
Top Product Potential Japan Spain+$441MCars

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

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

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