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2022
Flag → Flag
Exports $1.35BRnk 41 / 218
2022
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Top Product $123MPesticides
2022
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Exports $7.06BRnk 20 / 138
2022
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Top Product $4.01BPetroleum Gas
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.43Rnk 47 / 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$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
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GDP GROWTH1.45%CURRENT US$
Rnk 164 / 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$15,345CURRENT US$
Rnk 63 / 186
2012-2022
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GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186

About

Spain-Russia Trade: In 2022, Spain exported $1.35B to Russia. The main products that Spain exported to Russia were Pesticides ($123M), Other Processed Vegetables ($64.1M), and Packaged Medicaments ($45.5M). Over the past 5 years the exports of Spain to Russia have decreased at an annualized rate of 11.1%, from $2.44B in 2017 to $1.35B in 2022.

In 2020, Spain exported services to Russia worth $151M, with Travel ($151M) being the largest in terms of value.

Russia-Spain Trade: In 2022, Russia exported $7.06B to Spain. The main products that Russia exported to Spain were Petroleum Gas ($4.01B), Refined Petroleum ($1.49B), and Coal Briquettes ($356M). Over the past 5 years the exports of Russia to Spain have increased at an annualized rate of 22.5%,  from $2.56B in 2017 to $7.06B in 2022.

In 2020, Russia exported services to Spain worth $241M, with Transportation ($151M), Other business services ($51.7M), and Computer and information services ($13.8M) 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, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €63.4M and imported €202M from Russia, resulting in a negative trade balance of €139M. Between August 2023 and August 2024 the exports of Spain have decreased by €-2.78M (-4.2%) from €66.2M to €63.4M, while imports increased by €109M (117%) from €93.2M to €202M.

Trade In August 2024, the top exports of Spain to Russia were Packaged Medicaments (€6.76M), Other Processed Vegetables (€4.11M), Vaccines, blood, antisera, toxins and cultures (€3.47M), Perfumes (€3.37M), and Wine (€2.78M). In August 2024 the top imports of Spain from Russia were Petroleum Gas (€390M), Refined Petroleum (€97.6M), Mixed Mineral or Chemical Fertilizers (€11.3M), Wheat (€10M), and Raw Aluminium (€8.53M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€20.1M), Sevilla (€4.95M), Girona (€4.82M), Lleida (€4.74M), and Madrid (€4.45M), while imports destinations were mainly Madrid (€65.6M), A Coruña (€41M), Huelva (€33.5M), Vizcaya (€29.2M), and Álava (€12.3M).

Growth In August 2024, the decrease in Spain's year-by-year exports to Russia was explained primarily by an decrease in product exports in Valves (€-11.3M or -100%), Non-Knit Women's Suits (€-9.75M or -87.1%), and Knit Sweaters (€-4.79M or -92.4%). In August 2024, the increase in Spain's year-by-year imports  from Russia was explained primarily by an increase in product imports  in Petroleum Gas (€290M or 289%), Raw Aluminium (€7.81M or 1.09k%), and Wheat (€7.12M or 245%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-2.78M(-4.2%)
IMPORT GROWTH (August 2023 - August 2024)€109M(117%)
MAIN EXPORTER (August 2024)Barcelona€20.1M

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 Russia and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Russia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $1.35B to Russia. The main products exported from Spain to Russia were Pesticides ($123M), Other Processed Vegetables ($64.1M), and Packaged Medicaments ($45.5M). During the last 5 years the exports of Spain to Russia have decreased at an annualized rate of 11.1%, from $2.44B in 2017 to $1.35B in 2022.

In 2017, Russia exported $7.06B to Spain. The main products exported from Russia to Spain were Petroleum Gas ($4.01B), Refined Petroleum ($1.49B), and Coal Briquettes ($356M). During the last 5 years the exports of Russia to Spain have increased at an annualized rate of 22.5%, from $2.56B in 2022 to $7.06B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Spain than Russia included France ($65.2B), Portugal ($34.9B), and United Kingdom ($22.6B).

In 2022, countries that imported more from Russia than Spain included China ($101B), India ($40.4B), and Turkey ($25.3B).

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

Comparative Advantage Spain - Russia

Flow
Scale

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

During 2022, Spain had a large net trade with Russia in the exports of Chemical Products ($402M), Machines ($284M), and Foodstuffs ($197M).

During 2017, Russia had a large net trade with Spain in the exports of Mineral Products ($6.23B), Metals ($273M), and Chemical Products ($208M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Russia+$83.2MPackaged Medicaments
Top Product Potential Russia Spain+$742MCrude Petroleum

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 Russia worth $151M, with Travel ($151M) being the largest in terms of value.

In 2020, Russia exported services to Spain worth $241M, with Transportation ($151M), Other business services ($51.7M), and Computer and information services ($13.8M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

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

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