2022
Flag  
GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
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GDP PC 
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC
$48,432CURRENT US$
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2012-2022
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GDP PC GROWTH
10.4%CURRENT US$
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About

Spain-Germany Trade: In 2022, Spain exported $39.2B to Germany. The main products that Spain exported to Germany were Cars ($7.69B), Motor vehicles; parts and accessories (8701 to 8705) ($1.7B), and Packaged Medicaments ($1.39B). Over the past 5 years the exports of Spain to Germany have increased at an annualized rate of 2.35%, from $34.9B in 2017 to $39.2B in 2022.

In 2020, Spain exported services to Germany worth $2.46B, with Travel ($2.46B) being the largest in terms of value.

Germany-Spain Trade: In 2022, Germany exported $49.7B to Spain. The main products that Germany exported to Spain were Cars ($4.54B), Motor vehicles; parts and accessories (8701 to 8705) ($2.35B), and Packaged Medicaments ($2.15B). Over the past 5 years the exports of Germany to Spain have increased at an annualized rate of 1.52%,  from $46.1B in 2017 to $49.7B in 2022.

In 2020, Germany exported services to Spain worth $5.92B, with Other business services ($2.45B), Transportation ($1.14B), and Travel ($663M) being the largest in terms of value.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $39.2B to Germany. The main products exported from Spain to Germany were Cars ($7.69B), Motor vehicles; parts and accessories (8701 to 8705) ($1.7B), and Packaged Medicaments ($1.39B). During the last 5 years the exports of Spain to Germany have increased at an annualized rate of 2.35%, from $34.9B in 2017 to $39.2B in 2022.

In 2017, Germany exported $49.7B to Spain. The main products exported from Germany to Spain were Cars ($4.54B), Motor vehicles; parts and accessories (8701 to 8705) ($2.35B), and Packaged Medicaments ($2.15B). During the last 5 years the exports of Germany to Spain have increased at an annualized rate of 1.52%, from $46.1B in 2022 to $49.7B in 2017.

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

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

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Germany
Top Destination
United States$153B

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

In 2022, countries that imported more from Spain than Germany included Portugal ($34.9B), Morocco ($12.1B), and Gibraltar ($2.2B).

In 2022, countries that imported more from Germany than Spain included United States ($153B), China ($109B), and Netherlands ($109B).

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

Comparative Advantage Spain - Germany

Flow
Scale

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

During 2022, Spain had a large net trade with Germany in the exports of Transportation ($11.8B), Vegetable Products ($5.13B), and Machines ($4.75B).

During 2017, Germany had a large net trade with Spain in the exports of Machines ($13.2B), Transportation ($8.87B), and Chemical Products ($8.27B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Germany+$399MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Germany Spain+$675MCars

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, Spain exported services to Germany worth $2.46B, with Travel ($2.46B) being the largest in terms of value.

In 2020, Germany exported services to Spain worth $5.92B, with Other business services ($2.45B), Transportation ($1.14B), and Travel ($663M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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