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$1.4TCURRENT US$
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5.49%CURRENT US$
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$4.23TCURRENT US$
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-32.5%CURRENT US$
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$29,350CURRENT US$
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3.63%CURRENT US$
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$33,815CURRENT US$
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-31.2%CURRENT US$
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About

Spain-Japan Trade: In 2022, Spain exported $6.38B to Japan. The main products that Spain exported to Japan were Vaccines, blood, antisera, toxins and cultures ($2.71B), Pig Meat ($729M), and Cars ($356M). Over the past 5 years the exports of Spain to Japan have increased at an annualized rate of 16.9%, from $2.92B in 2017 to $6.38B in 2022.

In 2017, Spain exported services to Japan worth $0, with being the largest in terms of value.

Japan-Spain Trade: In 2022, Japan exported $3.18B to Spain. The main products that Japan exported to Spain were Cars ($921M), Hot-Rolled Iron ($296M), and Motorcycles and cycles ($156M). Over the past 5 years the exports of Japan to Spain have decreased at an annualized rate of 1.54%,  from $3.44B in 2017 to $3.18B in 2022.

In 2009, Japan exported services to Spain worth $1.43B, with Services not allocated ($716M), Other business services ($539M), and Travel ($61.9M) 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, Japan ranked 1 in the Economic Complexity Index (ECI 2.07), and 4 in total exports ($728B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $6.38B to Japan. The main products exported from Spain to Japan were Vaccines, blood, antisera, toxins and cultures ($2.71B), Pig Meat ($729M), and Cars ($356M). During the last 5 years the exports of Spain to Japan have increased at an annualized rate of 16.9%, from $2.92B in 2017 to $6.38B in 2022.

In 2017, Japan exported $3.18B to Spain. The main products exported from Japan to Spain were Cars ($921M), Hot-Rolled Iron ($296M), and Motorcycles and cycles ($156M). During the last 5 years the exports of Japan to Spain have decreased at an annualized rate of 1.54%, from $3.44B in 2022 to $3.18B in 2017.

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

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

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Japan
Top Destination
United States$137B

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

In 2022, countries that imported more from Spain than Japan included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

In 2022, countries that imported more from Japan than Spain included China ($135B), United States ($137B), and Chinese Taipei ($50.1B).

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

Comparative Advantage Spain - Japan

Flow
Scale

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

During 2022, Spain had a large net trade with Japan in the exports of Chemical Products ($3.1B), Animal Products ($871M), and Transportation ($485M).

During 2017, Japan had a large net trade with Spain in the exports of Transportation ($1.22B), Machines ($827M), and Metals ($462M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Japan+$235MCars
Top Product Potential Japan Spain+$441MCars

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

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

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

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