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2022
Flag → Flag
Exports $2.32BRnk 28 / 218
2022
Flag → Flag
Top Product $383MCars
2022
Flag → Flag
Exports $1.14BRnk 20 / 187
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 1.23Rnk 20 / 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$522BCURRENT US$
Rnk 27 / 186
2012-2022
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GDP GROWTH99%CURRENT US$
Rnk 14 / 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$54,660CURRENT US$
Rnk 15 / 186
2012-2022
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GDP PC GROWTH64.9%CURRENT US$
Rnk 21 / 186

About

Spain-Israel Trade: In 2022, Spain exported $2.32B to Israel. The main products that Spain exported to Israel were Cars ($383M), Unglazed Ceramics ($185M), and Non-Knit Women's Suits ($86.9M). Over the past 5 years the exports of Spain to Israel have increased at an annualized rate of 5.92%, from $1.74B in 2017 to $2.32B in 2022.

In 2009, Spain exported services to Israel worth $331M, with Services not allocated ($220M) and Transportation ($111M) being the largest in terms of value.

Israel-Spain Trade: In 2022, Israel exported $1.14B to Spain. The main products that Israel exported to Spain were N/A. Over the past 5 years the exports of Israel to Spain have increased at an annualized rate of 7.3%,  from $803M in 2017 to $1.14B in 2022.

In 2012, Israel exported services to Spain worth $82.4M, with Computer and information services ($77.7M) and Royalties and license fees ($4.63M) 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, Israel ranked 20 in the Economic Complexity Index (ECI 1.23), and 49 in total exports ($76.9B).

Latest Trends

June, 2024

About

Overview In June 2024, Spain exported €147M and imported €63M from Israel, resulting in a positive trade balance of €84.5M. Between June 2023 and June 2024 the exports of Spain have decreased by €-33.7M (-18.6%) from €181M to €147M, while imports decreased by €-5.33M (-7.8%) from €68.3M to €63M.

Trade In June 2024, the top exports of Spain to Israel were Cars (€51.7M), Unglazed Ceramics (€13.3M), Packaged Medicaments (€5.07M), Self-Propelled Rail Transport (€4.89M), and Iron Blocks (€4.6M). In June 2024 the top imports of Spain from Israel were Crude Petroleum (€10.3M), Potassic Fertilizers (€5.51M), Cyclic Hydrocarbons (€5.31M), Pesticides (€3.4M), and Liquid Dispersing Machines (€3.22M).

Origins In June 2024 the exports of Spain were mainly from Barcelona (€49.5M), Madrid (€16.7M), Pontevedra (€14M), Castellón (€13.1M), and Valencia (€8.58M), while imports destinations were mainly Madrid (€15.8M), Barcelona (€13.6M), Murcia (€7.35M), Valencia (€4.79M), and Almería (€4.19M).

Growth In June 2024, the decrease in Spain's year-by-year exports to Israel was explained primarily by an decrease in product exports in Vinyl Chloride Polymers (€-2.83M or -99.4%), Pure Olive Oil (€-2.46M or -86.4%), and Polyacetals (€-2.39M or -85.7%). In June 2024, the decrease in Spain's year-by-year imports  from Israel was explained primarily by an decrease in product imports  in Navigation Equipment (€-7.12M or -100%), Nitrites and Nitrates (€-3.5M or -57%), and Phosphoric Acid (€-2.39M or -65.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€-33.7M(-18.6%)
IMPORT GROWTH (June 2023 - June 2024)€-5.33M(-7.8%)
MAIN EXPORTER (June 2024)Barcelona€49.5M

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 Israel and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Israel and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $2.32B to Israel. The main products exported from Spain to Israel were Cars ($383M), Unglazed Ceramics ($185M), and Non-Knit Women's Suits ($86.9M). During the last 5 years the exports of Spain to Israel have increased at an annualized rate of 5.92%, from $1.74B in 2017 to $2.32B in 2022.

In 2017, Israel exported $1.14B to Spain. There were not main exports from Israel to Spain in 2017. During the last 5 years the exports of Israel to Spain have increased at an annualized rate of 7.3%, from $803M in 2022 to $1.14B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Israel
Top DestinationUnited States$20.3B

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

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

In 2022, countries that imported more from Israel than Spain included Palestine ($4.6B), Chinese Taipei ($1.88B), and Ireland ($3.86B).

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

Comparative Advantage Spain - Israel

Flow
Scale

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

During 2022, Spain had a large net trade with Israel in the exports of Transportation ($576M), Textiles ($285M), and Machines ($244M).

During 2017, Israel had a large net trade with Spain in the exports of Chemical Products ($430M), Machines ($217M), and Plastics and Rubbers ($116M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Israel+$92.5MCars
Top Product Potential Israel Spain+$39.8MRefined Petroleum

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

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

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