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2022
Flag → Flag
Exports $586MRnk 62 / 218
2022
Flag → Flag
Top Product $29.5MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $3.59BRnk 23 / 152
2022
Flag → Flag
Top Product $572MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.2Rnk 55 / 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$409BCURRENT US$
Rnk 35 / 186
2012-2022
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GDP GROWTH109%CURRENT US$
Rnk 12 / 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$4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186

About

Spain-Vietnam Trade: In 2022, Spain exported $586M to Vietnam. The main products that Spain exported to Vietnam were Vaccines, blood, antisera, toxins and cultures ($29.5M), Prepared Pigments ($27M), and Packaged Medicaments ($24.3M). Over the past 5 years the exports of Spain to Vietnam have increased at an annualized rate of 1.62%, from $541M in 2017 to $586M in 2022.

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

Vietnam-Spain Trade: In 2022, Vietnam exported $3.59B to Spain. The main products that Vietnam exported to Spain were Broadcasting Equipment ($572M), Coated Flat-Rolled Iron ($249M), and Coffee ($234M). Over the past 5 years the exports of Vietnam to Spain have increased at an annualized rate of 3.81%,  from $2.98B in 2017 to $3.59B in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Latest Trends

June, 2024

About

Overview In June 2024, Spain exported €42.3M and imported €380M from Vietnam, resulting in a negative trade balance of €338M. Between June 2023 and June 2024 the exports of Spain have decreased by €-9.62M (-18.5%) from €52M to €42.3M, while imports increased by €16.5M (4.55%) from €363M to €380M.

Trade In June 2024, the top exports of Spain to Vietnam were Other Edible Preparations (€2M), Prepared Pigments (€1.31M), Vaccines, blood, antisera, toxins and cultures (€1.24M), Knit Women's Suits (€1.24M), and Non-Knit Women's Suits (€1.07M). In June 2024 the top imports of Spain from Vietnam were Telephones (€80.6M), Textile Footwear (€35M), Coffee (€26.2M), Rubber Footwear (€22.6M), and Leather Footwear (€18.8M).

Origins In June 2024 the exports of Spain were mainly from Barcelona (€13.9M), Madrid (€4.87M), Castellón (€3.36M), Tarragona (€2.5M), and Vizcaya (€1.98M), while imports destinations were mainly Madrid (€116M), Barcelona (€112M), Zaragoza (€38.4M), Valencia (€21.4M), and Alicante (€15.5M).

Growth In June 2024, the decrease in Spain's year-by-year exports to Vietnam was explained primarily by an decrease in product exports in Packaged Medicaments (€-974k or -95%), Raw Aluminium (€-766k or -84.2%), and Industrial Printers (€-584k or -99.3%). In June 2024, the increase in Spain's year-by-year imports  from Vietnam was explained primarily by an increase in product imports  in Textile Footwear (€16.4M or 88.2%), Telephones (€14.8M or 22.5%), and Rubber Footwear (€11.1M or 97.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€-9.62M(-18.5%)
IMPORT GROWTH (June 2023 - June 2024)€16.5M(4.55%)
MAIN EXPORTER (June 2024)Barcelona€13.9M

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 Vietnam and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Vietnam and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $586M to Vietnam. The main products exported from Spain to Vietnam were Vaccines, blood, antisera, toxins and cultures ($29.5M), Prepared Pigments ($27M), and Packaged Medicaments ($24.3M). During the last 5 years the exports of Spain to Vietnam have increased at an annualized rate of 1.62%, from $541M in 2017 to $586M in 2022.

In 2017, Vietnam exported $3.59B to Spain. The main products exported from Vietnam to Spain were Broadcasting Equipment ($572M), Coated Flat-Rolled Iron ($249M), and Coffee ($234M). During the last 5 years the exports of Vietnam to Spain have increased at an annualized rate of 3.81%, from $2.98B in 2022 to $3.59B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Vietnam
Top DestinationUnited States$117B

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

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

In 2022, countries that imported more from Vietnam than Spain included United States ($117B), China ($58.7B), and South Korea ($25.2B).

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

Comparative Advantage Spain - Vietnam

Flow
Scale

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

During 2022, Spain had a large net trade with Vietnam in the exports of Chemical Products ($151M), Machines ($121M), and Textiles ($66.4M).

During 2017, Vietnam had a large net trade with Spain in the exports of Machines ($1B), Textiles ($594M), and Footwear and Headwear ($535M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Vietnam+$30.2MPackaged Medicaments
Top Product Potential Vietnam Spain+$298MTelephones

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

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

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