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2022
Flag → Flag
Exports $2.47BRnk 18 / 215
2022
Flag → Flag
Top Product $943MCrude Petroleum
2022
Flag → Flag
Exports $2.75BRnk 24 / 218
2022
Flag → Flag
Top Product $247MSpark-Ignition Engines
2022
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Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
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 PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 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

Canada-Spain Trade: In 2022, Canada exported $2.47B to Spain. The main products that Canada exported to Spain were Crude Petroleum ($943M), Iron Ore ($305M), and Packaged Medicaments ($188M). Over the past 5 years the exports of Canada to Spain have increased at an annualized rate of 11.2%, from $1.45B in 2017 to $2.47B in 2022.

In 2020, Canada exported services to Spain worth $145M, with Travel ($46.2M), Computer and information services ($37.3M), and Transportation ($29.8M) being the largest in terms of value.

Spain-Canada Trade: In 2022, Spain exported $2.75B to Canada. The main products that Spain exported to Canada were Spark-Ignition Engines ($247M), Packaged Medicaments ($239M), and Petroleum Jelly ($145M). Over the past 5 years the exports of Spain to Canada have increased at an annualized rate of 6.81%,  from $1.98B in 2017 to $2.75B in 2022.

In 2018, Spain exported services to Canada worth $0, with being the largest in terms of value.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). 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, Canada exported C$145M and imported C$374M from Spain, resulting in a negative trade balance of C$229M. Between June 2023 and June 2024 the exports of Canada have decreased by C$-34.9M (-19.4%) from C$180M to C$145M, while imports increased by C$92.2M (32.7%) from C$282M to C$374M.

Trade In June 2024, the top exports of Canada to Spain were Crude Petroleum (C$74.3M), Iron Ore (C$13.9M), Packaged Medicaments (C$6.14M), Dried Legumes (C$5.65M), and Raw Nickel (C$4.7M). In June 2024 the top imports of Canada from Spain were Packaged Medicaments (C$24.4M), Petroleum Coke (C$17.2M), Petroleum Jelly (C$17.2M), Citrus (C$12.4M), and Wine (C$10.8M).

Origins In June 2024 the exports of Canada were mainly from Quebec (C$80.6M), Ontario (C$22.2M), Nova Scotia (C$7.33M), Manitoba (C$6.82M), and Alberta (C$6.67M), while imports destinations were mainly Quebec (C$163M), Ontario (C$119M), Newfoundland Labrador (C$52.5M), British Columbia (C$14.1M), and Alberta (C$11.5M).

Growth In June 2024, the decrease in Canada's year-by-year exports to Spain was explained primarily by an decrease in product exports in Reaction and Catalytic Products (C$-6.71M or -98.4%), Iron Ore (C$-5.2M or -27.1%), and Gas Turbines (C$-2.04M or -89.7%). In June 2024, the increase in Canada's year-by-year imports  from Spain was explained primarily by an increase in product imports  in Carbon-based Electronics (C$3.53M or 302%), Petroleum Jelly (C$3.3M or 23.7%), and Liquid Dispersing Machines (C$3.29M or 2.22k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)C$-34.9M(-19.4%)
IMPORT GROWTH (June 2023 - June 2024)C$92.2M(32.7%)
MAIN EXPORTER (June 2024)QuebecC$80.6M

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

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

For full datasets download visit Bulk Download page.

Explore Spain and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $2.47B to Spain. The main products exported from Canada to Spain were Crude Petroleum ($943M), Iron Ore ($305M), and Packaged Medicaments ($188M). During the last 5 years the exports of Canada to Spain have increased at an annualized rate of 11.2%, from $1.45B in 2017 to $2.47B in 2022.

In 2017, Spain exported $2.75B to Canada. The main products exported from Spain to Canada were Spark-Ignition Engines ($247M), Packaged Medicaments ($239M), and Petroleum Jelly ($145M). During the last 5 years the exports of Spain to Canada have increased at an annualized rate of 6.81%, from $1.98B in 2022 to $2.75B in 2017.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Canada than Spain included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Spain than Canada included France ($65.2B), Portugal ($34.9B), and Germany ($39.2B).

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

Comparative Advantage Canada - Spain

Flow
Scale

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

During 2022, Canada had a large net trade with Spain in the exports of Mineral Products ($1.31B), Vegetable Products ($321M), and Chemical Products ($269M).

During 2017, Spain had a large net trade with Canada in the exports of Machines ($549M), Chemical Products ($411M), and Mineral Products ($399M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Spain+$587MCrude Petroleum
Top Product Potential Spain Canada+$122MRefined Petroleum

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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Bilateral Service Trade

In 2020, Canada exported services to Spain worth $145M, with Travel ($46.2M), Computer and information services ($37.3M), and Transportation ($29.8M) being the largest in terms of value.

In 2018, Spain exported services to Canada worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

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

Services Exports from Spain (Flag) to Canada (Flag) (2018)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Spain. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Canada.

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

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