Iran (IRN) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Iran-Spain Trade: In 2022, Iran exported $161M to Spain. The main products that Iran exported to Spain were Spices ($41.1M), Float Glass ($24.5M), and Other Nuts ($23.1M). Over the past 5 years the exports of Iran to Spain have decreased at an annualized rate of 36.9%, from $1.61B in 2017 to $161M in 2022.

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

Spain-Iran Trade: In 2022, Spain exported $240M to Iran. The main products that Spain exported to Iran were Industrial Furnaces ($41.1M), Valves ($29.6M), and Mixed Mineral or Chemical Fertilizers ($15.3M). Over the past 5 years the exports of Spain to Iran have decreased at an annualized rate of 15%, from $542M in 2017 to $240M in 2022.

In 2003, Spain exported services to Iran worth $39.2M, with Transportation ($12.6M), Other business services ($10.1M), and Construction services ($7.58M) being the largest in terms of value.

Comparison: In 2022, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iran exported $161M to Spain. The main products exported from Iran to Spain were Spices ($41.1M), Float Glass ($24.5M), and Other Nuts ($23.1M). During the last 5 years the exports of Iran to Spain have decreased at an annualized rate of 1.62%, from $555k in 2017 to $161M in 2022.

In 2017, Spain exported $240M to Iran. The main products exported from Spain to Iran were Industrial Furnaces ($41.1M), Valves ($29.6M), and Mixed Mineral or Chemical Fertilizers ($15.3M). During the last 5 years the exports of Spain to Iran have decreased at an annualized rate of 15%, from $542M in 2022 to $240M in 2017.

Exports from Iran () to Spain () (2022)

Exports from Spain () to Iran () (2022)

Latest Data

Trade between Iran () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$5.72B

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Iran than Spain included Armenia ($557M), Pakistan ($762M), and Azerbaijan ($454M).

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

Difference in imports from Spain () and Iran () (2022)

Comparative Advantage Iran - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iran had a large net trade with Spain in the exports of Vegetable Products ($66.2M), Metals ($28.2M), and Stone And Glass ($26.9M).

During 2017, Spain had a large net trade with Iran in the exports of Machines ($116M), Chemical Products ($73.5M), and Paper Goods ($14.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Spain+$19.7MEthylene Polymers

Top Product Potential Spain Iran+$13.9MPackaged Medicaments

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Spain () (2022)

Exports from Spain () to Iran () (2022)

Latest Data

Trade between Iran () and Spain ()

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Iran () (2022)

Comparative Advantage Iran - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iran () and Spain () (2022)

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