Italy / Spain

Italy-Spain Trade: In 2022, Italy exported $32.8B to Spain. The main products that Italy exported to Spain were Broadcasting Equipment ($1.9B), Refined Petroleum ($1.53B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.07B). Over the past 5 years the exports of Italy to Spain have increased at an annualized rate of 5.12%, from $25.6B in 2017 to $32.8B in 2022.

In 2020, Italy exported services to Spain worth $2.22B, with Travel ($774M), Other business services ($556M), and Transportation ($297M) being the largest in terms of value.

Spain-Italy Trade: In 2022, Spain exported $32.1B to Italy. The main products that Spain exported to Italy were Cars ($3.3B), Industrial Fatty Acids, Oils and Alcohols ($1.55B), and Pure Olive Oil ($1.28B). Over the past 5 years the exports of Spain to Italy have increased at an annualized rate of 5.7%,  from $24.4B in 2017 to $32.1B in 2022.

In 2020, Spain exported services to Italy worth $704M, with Travel ($704M) being the largest in terms of value.

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).