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2022
Flag → Flag
Exports $3.04BRnk 22 / 218
2022
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Top Product $639MVaccines, blood, antisera, toxins and cultures
2022
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Exports $3.84BRnk 11 / 210
2022
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Top Product $470MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 1.27Rnk 18 / 133
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$529BCURRENT US$
Rnk 26 / 186
2012-2022
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GDP GROWTH135%CURRENT US$
Rnk 7 / 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$104,039CURRENT US$
Rnk 4 / 186
2012-2022
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GDP PC GROWTH112%CURRENT US$
Rnk 7 / 186

About

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.

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.

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

Latest Trends

June, 2024

About

Overview In June 2024, Spain exported €677M and imported €279M from Ireland, resulting in a positive trade balance of €398M. Between June 2023 and June 2024 the exports of Spain have increased by €344M (103%) from €333M to €677M, while imports decreased by €-46.1M (-14.2%) from €325M to €279M.

Trade In June 2024, the top exports of Spain to Ireland were Nitrogen Heterocyclic Compounds (€515M), Vaccines, blood, antisera, toxins and cultures (€60.4M), Cars (€17.6M), Non-Knit Women's Suits (€5.09M), and Delivery Trucks (€5.03M). In June 2024 the top imports of Spain from Ireland were Prepr binder for foundry (€33.4M), Packaged Medicaments (€26.6M), Scented Mixtures (€26.3M), Other Electrical Machinery (€14.4M), and Computers (€11.1M).

Origins In June 2024 the exports of Spain were mainly from Madrid (€484M), Barcelona (€64.3M), Girona (€21.5M), A Coruña (€14.3M), and Pontevedra (€9.86M), while imports destinations were mainly Vizcaya (€101M), Barcelona (€43.6M), Madrid (€32.5M), Guadalajara (€29.8M), and Zaragoza (€22.4M).

Growth In June 2024, the increase in Spain's year-by-year exports to Ireland was explained primarily by an increase in product exports in Nitrogen Heterocyclic Compounds (€505M or 4.91k%), Vaccines, blood, antisera, toxins and cultures (€18.4M or 43.8%), and Cars (€8.73M or 98.8%). In June 2024, the decrease in Spain's year-by-year imports  from Ireland was explained primarily by an decrease in product imports  in Telephones (€-33.9M or -97.6%), Prepr binder for foundry (€-11.7M or -25.9%), and Packaged Medicaments (€-11.4M or -30%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€344M(103%)
IMPORT GROWTH (June 2023 - June 2024)€-46.1M(-14.2%)
MAIN EXPORTER (June 2024)Madrid€484M

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 Ireland and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Ireland and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $3.04B in 2022.

In 2017, 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 2022 to $3.84B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Ireland
Top DestinationUnited States$70.7B

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

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

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

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

Comparative Advantage Spain - Ireland

Flow
Scale

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

During 2022, Spain had a large net trade with Ireland in the exports of Chemical Products ($1.21B), Transportation ($421M), and Metals ($202M).

During 2017, Ireland had a large net trade with Spain in the exports of Chemical Products ($1.67B), Machines ($1.12B), and Animal Products ($262M).

Potential Exports

Potential Exports

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

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 Ireland worth $327M, with Travel ($327M) being the largest in terms of value.

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.

Service trade data is presented based on availability.

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

Services Exports from Ireland (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 Ireland. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Ireland. Similarly, a dot/product with the flag of Ireland indicates it has a comparative advantage over Spain.

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

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