2022
Flag  
GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC 
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186

About

India-Spain Trade: In 2022, India exported $5.31B to Spain. The main products that India exported to Spain were Nitrogen Heterocyclic Compounds ($295M), Molluscs ($218M), and Refined Petroleum ($192M). Over the past 5 years the exports of India to Spain have increased at an annualized rate of 5.04%, from $4.15B in 2017 to $5.31B in 2022.

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

Spain-India Trade: In 2022, Spain exported $2.66B to India. The main products that Spain exported to India were Crude Petroleum ($680M), Refined Petroleum ($108M), and Prepared Pigments ($103M). Over the past 5 years the exports of Spain to India have increased at an annualized rate of 8.65%,  from $1.76B in 2017 to $2.66B in 2022.

In 2018, Spain exported services to India worth $0, with being the largest in terms of value.

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $5.31B to Spain. The main products exported from India to Spain were Nitrogen Heterocyclic Compounds ($295M), Molluscs ($218M), and Refined Petroleum ($192M). During the last 5 years the exports of India to Spain have increased at an annualized rate of 5.04%, from $4.15B in 2017 to $5.31B in 2022.

In 2017, Spain exported $2.66B to India. The main products exported from Spain to India were Crude Petroleum ($680M), Refined Petroleum ($108M), and Prepared Pigments ($103M). During the last 5 years the exports of Spain to India have increased at an annualized rate of 8.65%, from $1.76B in 2022 to $2.66B in 2017.

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

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

Market Competitiveness

Color
India
Top Destination
United States$82.9B
Spain
Top Destination
France$65.2B

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

In 2022, countries that imported more from India than Spain included United States ($82.9B), United Arab Emirates ($31.6B), and Bangladesh ($13.8B).

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

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

Comparative Advantage India - Spain

Flow
Scale

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

During 2022, India had a large net trade with Spain in the exports of Chemical Products ($1.02B), Textiles ($1.02B), and Metals ($844M).

During 2017, Spain had a large net trade with India in the exports of Mineral Products ($821M), Chemical Products ($547M), and Machines ($340M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India Spain+$461MRefined Petroleum
Top Product Potential Spain India+$186MRefined 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 2018, Spain exported services to India worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to India (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of India and Spain. This means that a dot/product with the flag of India indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over India.

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

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