Ukraine (UKR) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Ukraine-Spain Trade: In 2023, Ukraine exported $2.46B to Spain. The main products that Ukraine exported to Spain were Wheat ($830M), Corn ($812M), and Seed Oils ($313M). Over the past 5 years the exports of Ukraine to Spain have increased at an annualized rate of 10.1%, from $1.52B in 2018 to $2.46B in 2023.

In 2023, Ukraine did not export any services to Spain.

Spain-Ukraine Trade: In 2023, Spain exported $948M to Ukraine. The main products that Spain exported to Ukraine were Explosive Ammunition ($163M), Packaged Medicaments ($68.7M), and Tanks and Armored vehicles ($64.6M). Over the past 5 years the exports of Spain to Ukraine have increased at an annualized rate of 8.48%, from $631M in 2018 to $948M in 2023.

In 2023, Spain did not export any services to Ukraine.

Comparison: In 2023, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B). That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ukraine exported $2.46B to Spain. The main products exported from Ukraine to Spain were Wheat ($830M), Corn ($812M), and Seed Oils ($313M). During the last 5 years the exports of Ukraine to Spain have increased at an annualized rate of 10.1%, from $1.52B in 2018 to $2.46B in 2023.

In 2018, Spain exported $948M to Ukraine. The main products exported from Spain to Ukraine were Explosive Ammunition ($163M), Packaged Medicaments ($68.7M), and Tanks and Armored vehicles ($64.6M). During the last 5 years the exports of Spain to Ukraine have increased at an annualized rate of 8.48%, from $631M in 2023 to $948M in 2018.

Exports from Ukraine () to Spain () (2023)

Exports from Spain () to Ukraine () (2023)

Latest Data

Trade between Ukraine () and Spain ()

Ukraine Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ukraine
Top DestinationPoland$4.83B

Spain
Top DestinationFrance$61.9B

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

In 2023, countries that imported more from Ukraine than Spain included Moldova ($1.13B), Bulgaria ($1.08B), and Azerbaijan ($204M).

In 2023, countries that imported more from Spain than Ukraine included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

Difference in imports from Spain () and Ukraine () (2023)

Comparative Advantage Ukraine - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ukraine had a large net trade with Spain in the exports of Vegetable Products ($1.76B), Animal and Vegetable Bi-Products ($316M), and Metals ($150M).

During 2018, Spain had a large net trade with Ukraine in the exports of Chemical Products ($200M), Weapons ($169M), and Transportation ($128M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Ukraine Spain+$15.9MHot-Rolled Iron

Top Product Potential Spain Ukraine+$35.9MCars

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

About

Historical Data

Bilateral Trade by Products

Exports from Ukraine () to Spain () (2023)

Exports from Spain () to Ukraine () (2023)

Latest Data

Trade between Ukraine () and Spain ()

Ukraine Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Ukraine () (2023)

Comparative Advantage Ukraine - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Ukraine () and Spain () (2023)

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