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Pricing

2022
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Exports $32.1BRnk 4 / 218
2022
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Top Product $3.3BCars
2022
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Exports $32.8BRnk 4 / 221
2022
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Top Product $1.9BBroadcasting Equipment
2022
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Economic Complexity (ECI) ECI 0.8Rnk 33 / 124
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$2.01TCURRENT US$
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2012-2022
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GDP GROWTH-3.67%CURRENT US$
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2022
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GDP PC $29,350CURRENT US$
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2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
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About

Spain-Italy In 2022, Spain exported $32.1B to Italy. The main products that Spain exported to Italy are Cars ($3.3B), Industrial Fatty Acids, Oils and Alcohols ($1.55B), and Pure Olive Oil ($1.28B). During the last 27 years the exports of Spain to Italy have increased at an annualized rate of 5.16%, from $8.26B in 1995 to $32.1B in 2022.

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

Italy-Spain 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). During the last 27 years the exports of Italy to Spain have increased at an annualized rate of 4.01%, from $11.4B in 1995 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.

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B). That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B).

Latest Trends

January, 2024

About

Overview In January 2024, Spain exported €2.59B and imported €2.24B from Italy, resulting in a positive trade balance of €345M. Between January 2023 and January 2024 the exports of Spain have decreased by €-264M (-9.25%) from €2.85B to €2.59B, while imports increased by €18.7M (0.84%) from €2.22B to €2.24B.

Trade In January 2024, the top exports of Spain to Italy were Cars (€348M), Petroleum Gas (€220M), Biodiesel and mixtures thereof (€115M), Tractors (€87.8M), and Pure Olive Oil (€45.1M). In January 2024 the top imports of Spain from Italy were Refined Petroleum (€171M), Motor vehicles; parts and accessories (8701... (€93.4M), Cars (€63.3M), Telephones (€58.3M), and Biodiesel and mixtures thereof (€49.9M).

Origins In January 2024 the exports of Spain were mainly from Barcelona (€593M), Madrid (€316M), Valencia (€187M), Zaragoza (€111M), and A Coruña (€101M), while imports destinations were mainly Barcelona (€558M), Madrid (€513M), Valencia (€174M), Valladolid (€95.6M), and Tarragona (€62.9M).

Growth In January 2024, the decrease in Spain's year-by-year exports to Italy was explained primarily by an decrease in product exports in Refined Petroleum (€-59.3M or -73.1%), Pure Olive Oil (€-55.7M or -55.2%), and Commodities not elsewhere specified (€-15.6M or -61.4%). In January 2024, the increase in Spain's year-by-year imports  from Italy was explained primarily by an increase in product imports  in Motor vehicles; parts and accessories (8701... (€36M or 62.6%), Cars (€22.6M or 55.4%), and Crude Petroleum (€16.5M or 89.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€-264M(-9.25%)
IMPORT GROWTH (January 2023 - January 2024)€18.7M(0.84%)
MAIN EXPORTER (January 2024)Barcelona€593M

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

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

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $32.1B to Italy. The main products exported from Spain to Italy were Cars ($3.3B), Industrial Fatty Acids, Oils and Alcohols ($1.55B), and Pure Olive Oil ($1.28B). During the last 27 years the exports of Spain to Italy have increased at an annualized rate of 5.16%, from $8.26B in 1995 to $32.1B in 2022.

In 2022, Italy exported $32.8B to Spain. The main products exported from Italy to Spain were Broadcasting Equipment ($1.9B), Refined Petroleum ($1.53B), and Motor vehicles; parts and accessories (8701 to 8705) ($1.07B). During the last 27 years the exports of Italy to Spain have increased at an annualized rate of 4.01%, from $11.4B in 1995 to $32.8B in 2022.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Italy
Top DestinationGermany$78.5B

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

In 2021, countries that imported more from Spain than Italy were Portugal ($34.9B), Morocco ($12.1B), and France ($65.2B).

In 2021, countries that imported more from Italy than Spain were United States ($68.2B), Germany ($78.5B), and Switzerland ($27.8B).

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

Comparative Advantage Spain - Italy

Flow
Scale

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

During 2022, Spain had a large net trade with Italy in the exports of Transportation ($5.27B), Chemical Products ($4.35B), and Metals ($3.43B).

During 2022, Italy had a large net trade with Spain in the exports of Machines ($8.4B), Chemical Products ($3.73B), and Metals ($3.45B).

Service Trade

Bilateral Service Trade

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

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.

Service trade data is presented based on availability.

Services Exports from Spain (Flag) to Italy (Flag) (2020)

Services Exports from Italy (Flag) to Spain (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Spain.

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

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