Trade Trend

In 2023, Spain's total export value is 423.26Billion USD, total import value is 470.36Billion USD, Deficit is -47.10Billion USD, and foreign trade dependency is 0.565. In 2023，Spain's top export products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(41.46Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(19.85Billion USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(12.88Billion USD), top export destinations are France(66.40Billion USD), Germany(44.35Billion USD), Italy(36.86Billion USD). In 2023, Spain's top import products are Petroleum oils and oils obtained from bituminous minerals; crude(37.25Billion USD), Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(23.70Billion USD), Motor vehicles; parts and accessories, of heading no. 8701 to 8705(16.64Billion USD), top import origins are Germany(59.28Billion USD), France(48.69Billion USD), China(39.68Billion USD).

Comparing to 2022, Spain's total export value increased 7.80Billion USD(1.88%) in 2023, this could result from its export increases of products such as Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(8.54Billion USD or 25.95%), Vehicles; for the transport of goods(2.61Billion USD or 53.09%), Heterocyclic compounds with nitrogen heteroatom(s) only(2.46Billion USD or 153.32%) and export increases to countries/economics such as Germany(3.80Billion USD or 9.37%), Italy(2.80Billion USD or 8.23%), France(2.43Billion USD or 3.80%). Comparing to 2022, Spain's total import value decreased -23.89Billion USD(-4.83%) in 2023, this could result from its import decreases of products such as Petroleum gases and other gaseous hydrocarbons(-12.37Billion USD or -45.03%), Petroleum oils and oils obtained from bituminous minerals; crude(-10.41Billion USD or -21.84%), Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of microorganisms (excluding yeasts) etc(-1.83Billion USD or -21.97%), and its import decreases from countries/economies such as United States(-5.44Billion USD or -16.97%), China(-4.51Billion USD or -10.20%), Russia(-4.40Billion USD or -57.06%).

Cumulated to first 7 months of 2024, Spain's total export value is 146.92Billion USD, total import value is 165.04Billion USD, and tradedeficit is -18.12Billion USD. Cumulated to first 7 months of 2024, Spain's top export products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(14.13Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(6.34Billion USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(4.59Billion USD), and top export destinations are France(22.87Billion USD), Germany(15.69Billion USD), Italy(12.22Billion USD). Cumulated to first 7 months of 2024, Spain's top import products are Motor cars and other motor vehicles; principally designed for the transport of persons (other than those of heading no. 8702), including station wagons and racing cars(14.13Billion USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(6.34Billion USD), Medicaments; (not goods of heading no. 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic use, put up in measured doses (incl. those in the form of transdermal admin. systems) or packed for retail sale(4.59Billion USD), and top import origins areGermany(20.29Billion USD), China(15.86Billion USD), France(15.59Billion USD).