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2022
Flag → Flag
Exports $3.84BRnk 11 / 210
2022
Flag → Flag
Top Product $470MPackaged Medicaments
2022
Flag → Flag
Exports $3.04BRnk 22 / 218
2022
Flag → Flag
Top Product $639MVaccines, blood, antisera, toxins and cultures
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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GDP$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 186
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 PC $104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 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

About

Ireland-Spain Trade: In 2022, Ireland exported $3.84B to Spain. The main products that Ireland exported to Spain were Packaged Medicaments ($470M), Industrial Fatty Acids, Oils and Alcohols ($439M), and Broadcasting Equipment ($419M). Over the past 5 years the exports of Ireland to Spain have increased at an annualized rate of 3.66%, from $3.21B in 2017 to $3.84B in 2022.

In 2020, Ireland exported services to Spain worth $1.69B, with Other business services ($913M), Financial services ($274M), and Insurance services ($248M) being the largest in terms of value.

Spain-Ireland Trade: In 2022, Spain exported $3.04B to Ireland. The main products that Spain exported to Ireland were Vaccines, blood, antisera, toxins and cultures ($639M), Nitrogen Heterocyclic Compounds ($309M), and Cars ($176M). Over the past 5 years the exports of Spain to Ireland have increased at an annualized rate of 11.9%,  from $1.73B in 2017 to $3.04B in 2022.

In 2020, Spain exported services to Ireland worth $327M, with Travel ($327M) being the largest in terms of value.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Latest Trends

August, 2024

About

Overview In August 2024, Ireland exported €287M and imported €175M from Spain, resulting in a positive trade balance of €112M. Between August 2023 and August 2024 the exports of Ireland have increased by €108M (60.2%) from €179M to €287M, while imports increased by €26.2M (17.6%) from €149M to €175M.

Trade In August 2024, the top exports of Ireland to Spain were Medicinal and pharmaceutical products (€80.2M), Chemical materials and products, n.e.s. (€37.1M), Essential oils, perfume materials, toilet preparations... (€28.9M), Miscellaneous manufactured articles, n.e.s. (€16.8M), and Office machines and automatic data processing... (€8.81M). In August 2024 the top imports of Ireland from Spain were Medicinal and pharmaceutical products (€71.6M), Road vehicles (€17.6M), Vegetables and fruit (€17M), Articles of apparel and clothing accessories (€12.4M), and Fertilisers, manufactured (€11.7M).

Growth In August 2024, the increase in Ireland's year-by-year exports to Spain was explained primarily by an increase in product exports in Chemical materials and products, n.e.s. (€31.5M or 556%), Essential oils, perfume materials, toilet preparations... (€24.7M or 602%), and Miscellaneous manufactured articles, n.e.s. (€12.6M or 298%). In August 2024, the increase in Ireland's year-by-year imports  from Spain was explained primarily by an increase in product imports  in Medicinal and pharmaceutical products (€22.4M or 45.7%), Fertilisers, manufactured (€9.41M or 419%), and Road vehicles (€6.47M or 58.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)€108M(60.2%)
IMPORT GROWTH (August 2023 - August 2024)€26.2M(17.6%)

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Spain and Ireland trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Spain and Ireland Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $3.84B to Spain. The main products exported from Ireland to Spain were Packaged Medicaments ($470M), Industrial Fatty Acids, Oils and Alcohols ($439M), and Broadcasting Equipment ($419M). During the last 5 years the exports of Ireland to Spain have increased at an annualized rate of 3.66%, from $3.21B in 2017 to $3.84B in 2022.

In 2017, Spain exported $3.04B to Ireland. The main products exported from Spain to Ireland were Vaccines, blood, antisera, toxins and cultures ($639M), Nitrogen Heterocyclic Compounds ($309M), and Cars ($176M). During the last 5 years the exports of Spain to Ireland have increased at an annualized rate of 11.9%, from $1.73B in 2022 to $3.04B in 2017.

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

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

Market Competitiveness

Color
Ireland
Top DestinationUnited States$70.7B
Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Ireland than Spain included United States ($70.7B), China ($16.7B), and Belgium ($17B).

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

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

Comparative Advantage Ireland - Spain

Flow
Scale

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

During 2022, Ireland had a large net trade with Spain in the exports of Chemical Products ($1.67B), Machines ($1.12B), and Animal Products ($262M).

During 2017, Spain had a large net trade with Ireland in the exports of Chemical Products ($1.21B), Transportation ($421M), and Metals ($202M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Spain+$212MPackaged Medicaments
Top Product Potential Spain Ireland+$95.6MCars

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, Ireland exported services to Spain worth $1.69B, with Other business services ($913M), Financial services ($274M), and Insurance services ($248M) being the largest in terms of value.

In 2020, Spain exported services to Ireland worth $327M, with Travel ($327M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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