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2022
Flag → Flag
Exports $3.18BRnk 30 / 211
2022
Flag → Flag
Top Product $921MCars
2022
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Exports $6.38BRnk 14 / 218
2022
Flag → Flag
Top Product $2.71BVaccines, blood, antisera, toxins and cultures
2022
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 133
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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GDP$4.23TCURRENT US$
Rnk 3 / 186
2012-2022
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GDP GROWTH-32.5%CURRENT US$
Rnk 182 / 186
2022
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 GDP$1.4TCURRENT US$
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2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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GDP PC $33,815CURRENT US$
Rnk 32 / 186
2012-2022
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GDP PC GROWTH-31.2%CURRENT US$
Rnk 178 / 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

Japan-Spain Trade: In 2022, Japan exported $3.18B to Spain. The main products that Japan exported to Spain were Cars ($921M), Hot-Rolled Iron ($296M), and Motorcycles and cycles ($156M). Over the past 5 years the exports of Japan to Spain have decreased at an annualized rate of 1.54%, from $3.44B in 2017 to $3.18B in 2022.

In 2009, Japan exported services to Spain worth $1.43B, with Services not allocated ($716M), Other business services ($539M), and Travel ($61.9M) being the largest in terms of value.

Spain-Japan Trade: In 2022, Spain exported $6.38B to Japan. The main products that Spain exported to Japan were Vaccines, blood, antisera, toxins and cultures ($2.71B), Pig Meat ($729M), and Cars ($356M). Over the past 5 years the exports of Spain to Japan have increased at an annualized rate of 3.99%,  from $2.92B in 2017 to $6.38B in 2022.

In 2017, Spain exported services to Japan worth $0, with being the largest in terms of value.

Comparison: In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Latest Trends

June, 2024

About

Overview In June 2024, Japan exported ¥29.7B and imported ¥43.3B from Spain, resulting in a negative trade balance of ¥13.5B. Between June 2023 and June 2024 the exports of Japan have decreased by ¥-11.5B (-28%) from ¥41.3B to ¥29.7B, while imports decreased by ¥-4.64B (-9.68%) from ¥47.9B to ¥43.3B.

Trade In June 2024, the top exports of Japan to Spain were Cars (¥8.1B), Hot-Rolled Iron (¥2.79B), Motorcycles and cycles (¥1.47B), Commodities not elsewhere specified (¥1.37B), and Gas Turbines (¥1.14B). In June 2024 the top imports of Japan from Spain were Vaccines, blood, antisera, toxins and cultures (¥40.2B), Pig Meat (¥7.32B), Packaged Medicaments (¥6.19B), Cars (¥5.32B), and Refined Petroleum (¥4.8B).

Origins In June 2024 the exports of Japan were mainly from Aichi (¥11.4B), Chiba (¥3.3B), Fukuoka (¥2.34B), Shizuoka (¥2.13B), and Osaka (¥2.12B), while imports destinations were mainly Tokyo (¥16.6B), Kanagawa (¥6.42B), Osaka (¥4.84B), Chiba (¥4.45B), and Hyōgo (¥3.81B).

Growth In June 2024, the decrease in Japan's year-by-year exports to Spain was explained primarily by an decrease in product exports in Commodities not elsewhere specified (¥-1.06B or -43.6%), Coated Flat-Rolled Iron (¥-920M or -85.8%), and Flat Flat-Rolled Steel (¥-196M or -50.3%). In June 2024, the decrease in Japan's year-by-year imports  from Spain was explained primarily by an decrease in product imports  in Pure Olive Oil (¥-554M or -25.8%), Raw Aluminium (¥-463M or -39.4%), and Amine Compounds (¥-322M or -99.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)¥-11.5B(-28%)
IMPORT GROWTH (June 2023 - June 2024)¥-4.64B(-9.68%)
MAIN EXPORTER (June 2024)Aichi¥11.4B

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

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

For full datasets download visit Bulk Download page.

Explore Spain and Japan Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Japan exported $3.18B to Spain. The main products exported from Japan to Spain were Cars ($921M), Hot-Rolled Iron ($296M), and Motorcycles and cycles ($156M). During the last 5 years the exports of Japan to Spain have decreased at an annualized rate of 1.54%, from $3.44B in 2017 to $3.18B in 2022.

In 2017, Spain exported $6.38B to Japan. The main products exported from Spain to Japan were Vaccines, blood, antisera, toxins and cultures ($2.71B), Pig Meat ($729M), and Cars ($356M). During the last 5 years the exports of Spain to Japan have increased at an annualized rate of 3.99%, from $2.92B in 2022 to $6.38B in 2017.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$137B
Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Japan than Spain included China ($135B), United States ($137B), and Chinese Taipei ($50.1B).

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

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

Comparative Advantage Japan - Spain

Flow
Scale

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

During 2022, Japan had a large net trade with Spain in the exports of Transportation ($1.22B), Machines ($827M), and Metals ($462M).

During 2017, Spain had a large net trade with Japan in the exports of Chemical Products ($3.1B), Animal Products ($871M), and Transportation ($485M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Japan Spain+$441MCars
Top Product Potential Spain Japan+$235MCars

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

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

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