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2022
Flag → Flag
Exports $511MRnk 67 / 218
2022
Flag → Flag
Top Product $33.1MPesticides
2022
Flag → Flag
Exports $1.63BRnk 8 / 191
2022
Flag → Flag
Top Product $662MCorn
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.5Rnk 44 / 133
2022
Flag  
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$161BCURRENT US$
Rnk 58 / 186
2012-2022
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GDP GROWTH-12.1%CURRENT US$
Rnk 175 / 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
2022
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GDP PC$4,534CURRENT US$
Rnk 115 / 186
2012-2022
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GDP PC GROWTH13.2%CURRENT US$
Rnk 103 / 186

About

Spain-Ukraine Trade: In 2022, Spain exported $511M to Ukraine. The main products that Spain exported to Ukraine were Pesticides ($33.1M), Cars ($22.9M), and Non-fillet Frozen Fish ($21.4M). Over the past 5 years the exports of Spain to Ukraine have increased at an annualized rate of 0.17%, from $507M in 2017 to $511M in 2022.

In 2022, Spain did not export any services to Ukraine.

Ukraine-Spain Trade: In 2022, Ukraine exported $1.63B to Spain. The main products that Ukraine exported to Spain were Corn ($662M), Seed Oils ($266M), and Wheat ($230M). Over the past 5 years the exports of Ukraine to Spain have increased at an annualized rate of 3.2%,  from $1.31B in 2017 to $1.63B in 2022.

In 2022, Ukraine did not export any services to Spain.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Ukraine ranked 44 in the Economic Complexity Index (ECI 0.5), and 61 in total exports ($47.1B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €91.5M and imported €150M from Ukraine, resulting in a negative trade balance of €58.2M. Between August 2023 and August 2024 the exports of Spain have increased by €30.2M (49.3%) from €61.3M to €91.5M, while imports decreased by €-46.3M (-23.6%) from €196M to €150M.

Trade In August 2024, the top exports of Spain to Ukraine were Electric Generating Sets (€8.27M), Explosive Ammunition (€5.46M), Cars (€4.72M), Sunflower Seeds (€2.44M), and Other Processed Vegetables (€1.27M). In August 2024 the top imports of Spain from Ukraine were Wheat (€101M), Corn (€74.7M), Seed Oils (€25.4M), Soybeans (€12.1M), and Audio Alarms (€8.89M).

Origins In August 2024 the exports of Spain were mainly from Madrid (€58.8M), Barcelona (€6.15M), Pontevedra (€4.63M), Valencia (€2.55M), and Girona (€2.03M), while imports destinations were mainly Tarragona (€31.4M), Sevilla (€18.4M), Murcia (€14.9M), Asturias (€14.9M), and Madrid (€13.3M).

Growth In August 2024, the increase in Spain's year-by-year exports to Ukraine was explained primarily by an increase in product exports in Electric Generating Sets (€8.05M or 3.57k%), Explosive Ammunition (€5.29M or 3.1k%), and Lifting Machinery (€969k or 1.14k%). In August 2024, the decrease in Spain's year-by-year imports  from Ukraine was explained primarily by an decrease in product imports  in Corn (€-110M or -59.6%), Seed Oils (€-38.7M or -60.3%), and Barley (€-4.44M or -87.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€30.2M(49.3%)
IMPORT GROWTH (August 2023 - August 2024)€-46.3M(-23.6%)
MAIN EXPORTER (August 2024)Madrid€58.8M

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 Ukraine and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ukraine and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $511M to Ukraine. The main products exported from Spain to Ukraine were Pesticides ($33.1M), Cars ($22.9M), and Non-fillet Frozen Fish ($21.4M). During the last 5 years the exports of Spain to Ukraine have increased at an annualized rate of 0.17%, from $507M in 2017 to $511M in 2022.

In 2017, Ukraine exported $1.63B to Spain. The main products exported from Ukraine to Spain were Corn ($662M), Seed Oils ($266M), and Wheat ($230M). During the last 5 years the exports of Ukraine to Spain have increased at an annualized rate of 3.2%, from $1.31B in 2022 to $1.63B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Ukraine
Top DestinationPoland$6.7B

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

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

In 2022, countries that imported more from Ukraine than Spain included Romania ($3.94B), Moldova ($929M), and Bulgaria ($1.48B).

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

Comparative Advantage Spain - Ukraine

Flow
Scale

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

During 2022, Spain had a large net trade with Ukraine in the exports of Chemical Products ($107M), Foodstuffs ($70.2M), and Transportation ($57.4M).

During 2017, Ukraine had a large net trade with Spain in the exports of Vegetable Products ($1.03B), Animal and Vegetable Bi-Products ($267M), and Metals ($114M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Ukraine+$35.9MCars
Top Product Potential Ukraine Spain+$15.9MHot-Rolled Iron

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 Ukraine. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Ukraine. Similarly, a dot/product with the flag of Ukraine indicates it has a comparative advantage over Spain.

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

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