2022
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GDP
$529BCURRENT US$
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2012-2022
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GDP GROWTH
135%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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GDP PC 
$104,039CURRENT US$
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2012-2022
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GDP PC GROWTH
112%CURRENT US$
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2022
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GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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About

Ireland-Spain Trade: In 2022, Ireland exported $3.84B to Spain. The main products that Ireland exported to Spain were Packaged Medicaments ($470M), Industrial Fatty Acids, Oils and Alcohols ($439M), and Broadcasting Equipment ($419M). Over the past 5 years the exports of Ireland to Spain have increased at an annualized rate of 3.66%, from $3.21B in 2017 to $3.84B in 2022.

In 2020, Ireland exported services to Spain worth $1.69B, with Other business services ($913M), Financial services ($274M), and Insurance services ($248M) being the largest in terms of value.

Spain-Ireland Trade: In 2022, Spain exported $3.04B to Ireland. The main products that Spain exported to Ireland were Vaccines, blood, antisera, toxins and cultures ($639M), Nitrogen Heterocyclic Compounds ($309M), and Cars ($176M). Over the past 5 years the exports of Spain to Ireland have increased at an annualized rate of 11.9%,  from $1.73B in 2017 to $3.04B in 2022.

In 2020, Spain exported services to Ireland worth $327M, with Travel ($327M) being the largest in terms of value.

Comparison: In 2022,  Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ireland exported $3.84B to Spain. The main products exported from Ireland to Spain were Packaged Medicaments ($470M), Industrial Fatty Acids, Oils and Alcohols ($439M), and Broadcasting Equipment ($419M). During the last 5 years the exports of Ireland to Spain have increased at an annualized rate of 3.66%, from $3.21B in 2017 to $3.84B in 2022.

In 2017, Spain exported $3.04B to Ireland. The main products exported from Spain to Ireland were Vaccines, blood, antisera, toxins and cultures ($639M), Nitrogen Heterocyclic Compounds ($309M), and Cars ($176M). During the last 5 years the exports of Spain to Ireland have increased at an annualized rate of 11.9%, from $1.73B in 2022 to $3.04B in 2017.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Spain
Top Destination
France$65.2B

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

In 2022, countries that imported more from Ireland than Spain included United States ($70.7B), China ($16.7B), and Belgium ($17B).

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

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

Comparative Advantage Ireland - Spain

Flow
Scale

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

During 2022, Ireland had a large net trade with Spain in the exports of Chemical Products ($1.67B), Machines ($1.12B), and Animal Products ($262M).

During 2017, Spain had a large net trade with Ireland in the exports of Chemical Products ($1.21B), Transportation ($421M), and Metals ($202M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Ireland Spain+$212MPackaged Medicaments
Top Product Potential Spain Ireland+$95.6MCars

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, Ireland exported services to Spain worth $1.69B, with Other business services ($913M), Financial services ($274M), and Insurance services ($248M) being the largest in terms of value.

In 2020, Spain exported services to Ireland worth $327M, with Travel ($327M) being the largest in terms of value.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

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

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

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