2022
Flag  
GDP
$522BCURRENT US$
Rnk 27 / 186
2012-2022
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GDP GROWTH
99%CURRENT US$
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2022
Flag
 GDP
$1.4TCURRENT US$
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2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
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2022
Flag
GDP PC 
$54,660CURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP PC GROWTH
64.9%CURRENT US$
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2022
Flag
GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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About

Israel-Spain Trade: In 2022, Israel exported $1.14B to Spain. The main products that Israel exported to Spain were Cyclic Hydrocarbons ($96.7M), Refined Petroleum ($89.4M), and Mixed Mineral or Chemical Fertilizers ($62.1M). Over the past 5 years the exports of Israel to Spain have increased at an annualized rate of 7.3%, from $803M in 2017 to $1.14B in 2022.

In 2012, Israel exported services to Spain worth $82.4M, with Computer and information services ($77.7M) and Royalties and license fees ($4.63M) being the largest in terms of value.

Spain-Israel Trade: In 2022, Spain exported $2.32B to Israel. The main products that Spain exported to Israel were Cars ($383M), Unglazed Ceramics ($185M), and Non-Knit Women's Suits ($86.9M). Over the past 5 years the exports of Spain to Israel have increased at an annualized rate of 5.92%,  from $1.74B in 2017 to $2.32B in 2022.

In 2009, Spain exported services to Israel worth $331M, with Services not allocated ($220M) and Transportation ($111M) being the largest in terms of value.

Comparison: In 2022,  Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B). 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
Value

In 2022, Israel exported $1.14B to Spain. The main products exported from Israel to Spain were Cyclic Hydrocarbons ($96.7M), Refined Petroleum ($89.4M), and Mixed Mineral or Chemical Fertilizers ($62.1M). During the last 5 years the exports of Israel to Spain have increased at an annualized rate of 7.3%, from $803M in 2017 to $1.14B in 2022.

In 2017, Spain exported $2.32B to Israel. The main products exported from Spain to Israel were Cars ($383M), Unglazed Ceramics ($185M), and Non-Knit Women's Suits ($86.9M). During the last 5 years the exports of Spain to Israel have increased at an annualized rate of 5.92%, from $1.74B in 2022 to $2.32B in 2017.

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

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

Latest Data

Trade between Israel (Flag) and Spain (Flag)

Israel Exports

Spain Exports

Market Competitiveness

Color
Israel
Top Destination
United States$20.3B
Spain
Top Destination
France$65.2B

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

In 2022, countries that imported more from Israel than Spain included Palestine ($4.6B), Chinese Taipei ($1.88B), and Ireland ($3.86B).

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

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

Comparative Advantage Israel - Spain

Flow
Scale

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

During 2022, Israel had a large net trade with Spain in the exports of Chemical Products ($430M), Machines ($217M), and Plastics and Rubbers ($116M).

During 2017, Spain had a large net trade with Israel in the exports of Transportation ($576M), Textiles ($285M), and Machines ($244M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Israel Spain+$39.8MRefined Petroleum
Top Product Potential Spain Israel+$92.5MCars

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

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

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