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2022
Flag → Flag
Exports $7.45BRnk 13 / 218
2022
Flag → Flag
Top Product $1.45BCars
2022
Flag → Flag
Exports $80.8MRnk 6 / 219
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
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GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Spain-Turkey Trade: In 2022, Spain exported $7.45B to Turkey. The main products that Spain exported to Turkey were Cars ($1.45B), Raw Zinc ($389M), and Cyclic Hydrocarbons ($215M). Over the past 5 years the exports of Spain to Turkey have increased at an annualized rate of 1.9%, from $6.79B in 2017 to $7.45B in 2022.

In 2009, Spain exported services to Turkey worth $828M, with Services not allocated ($471M), Travel ($190M), and Transportation ($167M) being the largest in terms of value.

Turkey-Spain In N/A, Turkey did not export any products to Spain.

In 2009, Turkey exported services to Spain worth $229M, with Travel ($198M), Insurance services ($23.8M), and Other business services ($7.23M) 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €520M and imported €712M from Turkey, resulting in a negative trade balance of €192M. Between August 2023 and August 2024 the exports of Spain have decreased by €-34.1M (-6.15%) from €554M to €520M, while imports increased by €77.5M (12.2%) from €634M to €712M.

Trade In August 2024, the top exports of Spain to Turkey were Cars (€151M), Raw Zinc (€23.1M), Coal Briquettes (€19M), Refined Petroleum (€15.2M), and Combustion Engines (€12.7M). In August 2024 the top imports of Spain from Turkey were Cars (€74.1M), Non-Knit Women's Suits (€47.2M), Refined Petroleum (€38.5M), Knit Sweaters (€32M), and Motor vehicles; parts and accessories (8701... (€31.9M).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€118M), Madrid (€68.3M), Pontevedra (€54.2M), Valencia (€50.6M), and Valladolid (€41.4M), while imports destinations were mainly Barcelona (€136M), Madrid (€109M), Valencia (€102M), A Coruña (€64.3M), and Tarragona (€44.2M).

Growth In August 2024, the decrease in Spain's year-by-year exports to Turkey was explained primarily by an decrease in product exports in Raw Zinc (€-12.9M or -35.7%), Hot-Rolled Iron Bars (€-10.1M or -84.1%), and Propylene Polymers (€-6.57M or -38.3%). In August 2024, the increase in Spain's year-by-year imports  from Turkey was explained primarily by an increase in product imports  in Carbonates (€20.5M or 230%), Refined Petroleum (€17.6M or 84.6%), and Buses (€9.55M or 727%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-34.1M(-6.15%)
IMPORT GROWTH (August 2023 - August 2024)€77.5M(12.2%)
MAIN EXPORTER (August 2024)Barcelona€118M

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 Turkey and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Turkey and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $7.45B to Turkey. The main products exported from Spain to Turkey were Cars ($1.45B), Raw Zinc ($389M), and Cyclic Hydrocarbons ($215M). During the last 5 years the exports of Spain to Turkey have increased at an annualized rate of 1.9%, from $6.79B in 2017 to $7.45B in 2022.

Turkey does not register exports to Spain.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Spain than Turkey included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

In 2022, countries that imported more from Turkey than Spain included Iraq ($13.7B), Russia ($9.24B), and Romania ($7.88B).

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

Comparative Advantage Spain - Turkey

Flow
Scale

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

During 2022, Spain had a large net trade with Turkey in the exports of Transportation ($2.1B), Metals ($1.11B), and Chemical Products ($984M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Turkey+$172MRefined Petroleum
Top Product Potential Turkey Spain+$143MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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