Country export capability

Spain
export capability

A reported view of Spain's export scale, destination network, sector breadth, trade history, and market-access context. Use the indicators together; no single measure describes export readiness on its own.

ESP1995-2024 coverage270 active partner marketsMacro trend resilient
Latest exports$390.0B2024 reported value
Latest imports$440.1B2024 reported value
Trade balance-$50.1BExports minus imports
Export growth-3.9%Latest year-on-year change
Active partners270Latest reported markets

Country export profile overview

Spain export data in one research view

This profile brings together export performance, trade balance, destination markets, HS2 sectors, partner breadth, history, and market-access context for country export research.

Export scale and balance

Start with the latest reported trade position

In 2024, Spain recorded $390.0B in exports and $440.1B in imports. The resulting -$50.1B trade balance gives the latest country-level position a clear context.

Exports changed -3.9% year on year and show a calculated +1.6% three-year CAGR. CAGR is an annualized comparison of reported values, not a forecast.

Markets and sectors

See where export value is concentrated

France received $55.1B in reported exports, representing 14.1% of the latest country total. Vehicles was the largest displayed HS2 export sector at $62.8B and 16.1% of exports.

The visible page highlights five leading destinations and five leading HS2 sectors, while the complete structured files retain every row supplied for this sample.

History and coverage

Read today's number against the long series

The country series covers 1995 through 2024, with 30 observed annual rows. That longer view helps separate a single-year movement from the broader export trend.

Partner counts, tariff context, concentration, exposure shares, and momentum are supporting indicators calculated from available trade observations. Missing values remain unavailable rather than estimated.

Economy and structure

The context around Spain's export base

Macroeconomic and structural indicators add context to merchandise trade scale. They describe the country environment; they do not predict company performance or future exports.

GDP$1.7T2024 macro context
GDP per capita$35.3KCurrent-dollar GDP
Population48.8MReported population
Labor force22.4KReported labor force
Investment rate24.3%National investment rate
Savings rate22%National savings rate
Trade openness51%Exports + imports / GDP
Exports / GDP24%Merchandise exports / GDP
Secondary education88.1%Education context
Tertiary education30%Education context

Market signals

Where to look more closely next

Route-level risk and emerging-corridor signals for further research. These are calculated indicators, not forecasts.

Destination risk contextAll covered routes
Destination risk context for Spain
DestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
PortugalPRTHigh attention60%19.7%0%Buyer-market concentration is the largest observed corridor exposure
FranceFRAWatch23.6%27.7%0%Volatile products account for the largest observed corridor exposure
ChinaCHNCritical attention83.3%32.2%30.2%Tariff, distance or agreement conditions create market-access friction
ItalyITAWatch23.9%20.2%0%Volatile products account for the largest observed corridor exposure
TurkeyTURWatch21.1%22.2%7.9%Volatile products account for the largest observed corridor exposure
GermanyDEUWatch17.1%26.1%0%Buyer-market concentration is the largest observed corridor exposure
NetherlandsNLDWatch27.2%30.2%0%Volatile products account for the largest observed corridor exposure
United KingdomGBRWatch23.8%21.4%0%Volatile products account for the largest observed corridor exposure
JapanJPNHigh attention57.9%26.1%4%Buyer-market concentration is the largest observed corridor exposure
BrazilBRAHigh attention67.4%28.1%28.8%Tariff, distance or agreement conditions create market-access friction

Full route coverage is retained. High attention means the route deserves closer product and access review.

Market opportunity signals

Product-market combinations worth investigating

All returned rows use buyer demand, exporter position, and calculated addressable-value fields. They are research signals, not forecasts.

Addressable-value signalsAll returned rows
Market opportunity signals for Spain
RankMarket and productBuyer importsAddressable 3-year valueCurrent shareDemand signal
1ChinaHS6 260111 · Iron ores and concentrates: non-agglomerated$111.0B$119.1B0%Slowing -2.6%
2USA, Puerto Rico and US Virgin IslandsHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude$165.0B$115.5B0%Declining +1.1%
3ChinaHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude$291.6B$98.7B0%Accelerating -6.7%
4ChinaHS6 854231 · Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits$158.0B$93.1B0%Declining +10.5%
5IndiaHS6 270900 · Oils: petroleum oils and oils obtained from bituminous minerals, crude$130.1B$72.9B0.1%Growing -0.5%
6ChinaHS6 854232 · Electronic integrated circuits: memories$80.6B$65.7B0%Slowing +20.6%
7ChinaHS6 710812 · Metals: gold, non-monetary, unwrought (but not powder)$80.8B$64.9B0%Declining +2.4%
8ChinaHS6 120190 · Soya beans: other than seed, whether or not broken$47.8B$62.4B0%Declining -13.5%

Addressable value is a calculated field. Validate product, buyer, tariff, and route conditions before commercial decisions.

Detailed export portfolioHS4 lines beneath the leading sectorsOpen the detailed four-digit export table for Spain.
All HS4 export lines2024 ranking
Top HS4 export lines for Spain
RankHS4Parent HS2 sectorExportsShareActive HS6
18703HS4 detail codeVehicles (87) ↗$41.2B10.6%14
22710HS4 detail codeMineral fuels (27) ↗$15.3B3.9%5
33004HS4 detail codePharmaceutical products (30) ↗$14.4B3.7%12
48708HS4 detail codeVehicles (87) ↗$11.7B3%14
51509HS4 detail codeAnimal and vegetable fats (15) ↗$6.8B1.7%2
60203HS4 detail codeMeat and edible meat offal (02) ↗$6.2B1.6%6
78704HS4 detail codeVehicles (87) ↗$5.9B1.5%7
83002HS4 detail codePharmaceutical products (30) ↗$4.5B1.2%8
93303HS4 detail codeEssential oils and cosmetics (33) ↗$4.5B1.2%1
107108HS4 detail codePrecious stones and metals (71) ↗$4.2B1.1%3
110805HS4 detail codeEdible fruit and nuts (08) ↗$3.8B1%7
124011HS4 detail codeRubber (40) ↗$3.6B0.9%8

HS4 values are reported observations. The hierarchy is preserved; no missing descriptions are inferred.

The country export read

Spain combines $390.0B in exports with a broad partner network.

In 2024, Spain recorded $390.0B in reported exports and $440.1B in imports, producing a reported trade deficit of $50.1B. Exports changed -3.9% year on year and +1.6% annualized over three years. Vehicles (HS2 87) was the largest displayed export sector by value.

Destination network

Where Spain exports move

All returned destination lanes ranked by latest reported export value. Share is calculated against the country total. Review sources ↗

Latest reported destination lanesAll returned · 2024
Leading export destinations for Spain
RankDestinationLatest exportsShareYear-on-year3-year CAGR
1FranceFRA$55.1B14.1%-12.9%-1.4%
2GermanyDEU$39.4B10.1%-3.2%+1.1%
3PortugalPRT$37.1B9.5%-2.6%+3.9%
4ItalyITA$35.1B9%+1.8%+5.4%
5United KingdomGBR$24.9B6.4%-0.9%+5.8%
6USA, Puerto Rico and US Virgin IslandsUSA$20.5B5.3%-8.7%+3.7%
7MoroccoMAR$13.0B3.3%+5.7%+8.1%
8NetherlandsNLD$11.7B3%-4.1%-2.6%
9BelgiumBEL$10.3B2.6%-9.1%-4.7%
10PolandPOL$9.2B2.3%+4.8%+4.7%

Destination values are reported country-to-country observations. Full returned rows remain in the downloads.

Trade history

A long view of export scale

Latest twelve years from the 30-year reported country series. Context, not a forecast.

Reported exports by year

2013
$296.5B
2014
$303.1B
2015
$266.7B
2016
$272.3B
2017
$298.4B
2018
$331.1B
2019
$319.7B
2020
$300.1B
2021
$372.3B
2022
$400.2B
2023
$405.8B
2024
$390.0B

Partner network

Scale is only one part of export capability

Partner breadth, distance, agreements, and tariffs add context to reported exports.

FTA partner markets108Reported count
WTO partner markets169Reported count
EU partner markets28Reported count
Shared-border partners5Country context
Shared-language partners24Country context
Average partner distance6,747 kmCalculated average
Partners with FTA40%Calculated share
Applied tariff context0.1%Calculated average
MFN tariff context0.1%Calculated average
Tariff advantage+0.1 ppPreferential vs MFN

Exposure context

Signals to examine alongside export scale

Calculated or classified route and country context. Not predictions or recommendations.

Attention share34%

Covered value under attention

Critical share3.5%

Covered value marked critical

Below historical peak24%

Distance below route peaks

FTA-covered exports83.8%

Covered value with FTA context

Weighted tariff context0.1%

Export-weighted tariff

Macro contextMacro trend resilient

Primary attention driver: High trade volatility.

Momentum score-2.3

History-based indicator

Partner concentration604.6

Partner HHI

Product concentration52.6

Product HHI

Country attention level: Watch. Missing fields remain unavailable.

Complete country valuesOpen the full profile evidenceFull history, sectors, HS4, destinations, risk, opportunities, and source fields.

Profile fields

Year2,024
Country Iso3ESP
Exports Usd$390.0B
Imports Usd$440.1B
Trade Balance Usd-$50.1B
Yoy Exports Growth Pct-3.9%
Yoy Imports Growth Pct-1.8%
Exports Cagr 3y Pct1.6%
Imports Cagr 3y Pct3%
Export Partner Hhi604.6
Export Product Hhi52.6
Momentum Score-2.3
Risk Score3.3
Gdp Million Usd1,725,671.65 million USD
Gdp Per Capita Usd$35.3K
Population48,848,840
Labor Force22,392.2
Investment Rate Pct24.3%
Savings Rate Pct22%
Secondary Education Pct88.1%
Tertiary Education Pct30%
Total Factor Productivity1,788.3
Trade Openness Pct51%
Exports Gdp Pct24%
Num Active Partners270
Num Fta Partners108
Num Wto Partners169
Num Eu Partners28
Num Shared Border Partners5
Num Shared Language Partners24
Avg Partner Distance Km6,747 km
Avg Partner Gdp Million Usd533,678,518.33 million USD
Avg Partner Gdp Per Capita Usd$15.8
Avg Buyer Biz Entry DaysNot reported
Avg Buyer Biz Entry Cost PctNot reported
Pct Partners With Fta40
Pct Partners Shared Language9
Pct Partners Shared Border2
Avg Applied Tariff Pct0.1%
Avg Mfn Tariff Pct0.1%
Avg Preferential Tariff Pct0%
Tariff Advantage Pp+0.1 pp
Avg Distance All Partners Km6,704
Num Border Partners75
Num Colonial Partners605
Avg Substitution Elasticity-10.9
Pct Products High Elasticity76
Pct Products Low Elasticity3
Real Market Potential214,756.5
Foreign Market Potential15,747.1

Exposure fields

Country Iso3ESP
All History Lane Count77,507
Current Lane Count70,001
Critical Lane Count319
High Attention Lane Count10,499
High Volatility Lane Count37,337
Unrecovered Drawdown Lane Count36,156
Declining Demand Lane Count383
Concentrated Market Lane Count30,522
Access Friction Lane Count8,085
Buyer Macro Weakness Lane Count3,062
Monitored Exports Current Usd$366.4B
Attention Exports Usd$124.6B
Critical Exports Usd$12.8B
High Volatility Exports Usd$141.3B
Unrecovered Drawdown Exports Usd$64.1B
Non Fta Exports Usd$54.3B
Monitored Attention Share Pct34%
Monitored Critical Share Pct3.5%
Fta Covered Exports Share Pct83.8%
Export Weighted Volatility Cv1
Export Weighted Below Peak Pct24%
Export Weighted Distance Km2,810 km
Export Weighted Tariff Pct0.1%
Latest Data Year2,024
First Data Year1,995
Country Years Count30
Total Exports Latest Usd$390.0B
Total Imports Latest Usd$440.1B
Trade Balance Latest Usd-$50.1B
Exports Yoy Latest Pct-3.9%
Exports Cagr 3y Latest Pct1.6%
Gdp Latest Million Usd1,725,671.65 million USD
Gdp Per Capita Latest Usd$35.3K
Population Latest48,848,840
Investment Rate Latest Pct24.3%
Savings Rate Latest Pct22%
Trade Openness Latest Pct51%
Exports Gdp Latest Pct24%
Active Partners Latest270
Fta Partners Latest108
Foreign Market Potential Latest15,747.1
Gdp 5y Cagr Pct4.2%
Gdp Per Capita 5y Cagr Pct3.5%
Population 5y Cagr Pct0.7%
Partner Hhi Latest604.6
Partner Top1 Share Latest Pct14.1%
Partner Top3 Share Latest Pct33.7%
Partner Hhi All Avg730.6
Partner Hhi All Max987.5
Product Hhi Latest52.6
Product Top1 Share Latest Pct3.1%
Product Top3 Share Latest Pct8.5%
Product Hhi All Avg72.9
Product Hhi All Max109.9
Total Exports Attention Share Pct32%
Total Exports Critical Share Pct3.3%
Attention LevelWatch
Primary Risk DriverHigh trade volatility
Macro Resilience LabelMacro trend resilient

Annual country history

YearExportsImportsTrade balanceExports YoYExports CAGR 3Y
1995$85.8B$105.1B-$19.3BNot reportedNot reported
1996$95.3B$114.0B-$18.7B+11%Not reported
1997$99.2B$115.3B-$16.1B+4.1%Not reported
1998$103.6B$125.5B-$21.9B+4.4%+6.5%
1999$108.2B$143.3B-$35.1B+4.5%+4.3%
2000$110.4B$153.0B-$42.6B+2%+3.6%
2001$111.2B$151.1B-$39.9B+0.7%+2.4%
2002$121.5B$162.5B-$41.0B+9.2%+3.9%
2003$151.9B$206.7B-$54.8B+25.1%+11.2%
2004$175.1B$251.5B-$76.4B+15.3%+16.3%
2005$187.5B$285.2B-$97.7B+7.1%+15.6%
2006$210.7B$324.8B-$114.1B+12.3%+11.5%
2007$247.2B$376.7B-$129.5B+17.3%+12.2%
2008$272.1B$402.2B-$130.1B+10.1%+13.2%
2009$216.0B$279.7B-$63.7B-20.6%+0.8%
2010$240.1B$309.9B-$69.8B+11.2%-1%
2011$286.7B$352.8B-$66.1B+19.4%+1.8%
2012$279.1B$319.1B-$40.0B-2.7%+8.9%
2013$296.5B$320.2B-$23.7B+6.2%+7.3%
2014$303.1B$338.8B-$35.8B+2.2%+1.9%
2015$266.7B$296.0B-$29.3B-12%-1.5%
2016$272.3B$294.9B-$22.6B+2.1%-2.8%
2017$298.4B$327.0B-$28.5B+9.6%-0.5%
2018$331.1B$372.6B-$41.5B+11%+7.5%
2019$319.7B$357.8B-$38.1B-3.4%+5.5%
2020$300.1B$312.6B-$12.5B-6.1%+0.2%
2021$372.3B$403.1B-$30.9B+24.1%+4%
2022$400.2B$466.5B-$66.3B+7.5%+7.8%
2023$405.8B$448.3B-$42.5B+1.4%+10.6%
2024$390.0B$440.1B-$50.1B-3.9%+1.6%

Top export sectors

RankHS2SectorExportsShareExport partnersActive HS6
187Vehicles$62.8B16.1%18887
284Machinery$27.6B7.1%195515
327Mineral fuels$22.0B5.6%16743
485Electrical machinery$21.7B5.6%195262
530Pharmaceutical products$20.5B5.3%18343
639Plastics$14.4B3.7%189129
708Edible fruit and nuts$11.5B3%15168
802Meat and edible meat offal$10.5B2.7%14966
907Vegetables$9.9B2.5%15267
1015Animal and vegetable fats$9.5B2.4%17048

Detailed HS4 export lines

RankHS4Parent HS2ExportsShareActive HS6
18703Vehicles (87)$41.2B10.6%14
22710Mineral fuels (27)$15.3B3.9%5
33004Pharmaceutical products (30)$14.4B3.7%12
48708Vehicles (87)$11.7B3%14
51509Animal and vegetable fats (15)$6.8B1.7%2
60203Meat and edible meat offal (02)$6.2B1.6%6
78704Vehicles (87)$5.9B1.5%7
83002Pharmaceutical products (30)$4.5B1.2%8
93303Essential oils and cosmetics (33)$4.5B1.2%1
107108Precious stones and metals (71)$4.2B1.1%3
110805Edible fruit and nuts (08)$3.8B1%7
124011Rubber (40)$3.6B0.9%8

Top export destinations

RankDestinationISO3ExportsShareYoYCAGR 3Y
1FranceFRA$55.1B14.1%-12.9%-1.4%
2GermanyDEU$39.4B10.1%-3.2%+1.1%
3PortugalPRT$37.1B9.5%-2.6%+3.9%
4ItalyITA$35.1B9%+1.8%+5.4%
5United KingdomGBR$24.9B6.4%-0.9%+5.8%
6USA, Puerto Rico and US Virgin IslandsUSA$20.5B5.3%-8.7%+3.7%
7MoroccoMAR$13.0B3.3%+5.7%+8.1%
8NetherlandsNLD$11.7B3%-4.1%-2.6%
9BelgiumBEL$10.3B2.6%-9.1%-4.7%
10PolandPOL$9.2B2.3%+4.8%+4.7%

Destination risk context

RankDestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
1Portugal (PRT)High attention60%19.7%0%Buyer-market concentration is the largest observed corridor exposure
2France (FRA)Watch23.6%27.7%0%Volatile products account for the largest observed corridor exposure
3China (CHN)Critical attention83.3%32.2%30.2%Tariff, distance or agreement conditions create market-access friction
4Italy (ITA)Watch23.9%20.2%0%Volatile products account for the largest observed corridor exposure
5Turkey (TUR)Watch21.1%22.2%7.9%Volatile products account for the largest observed corridor exposure
6Germany (DEU)Watch17.1%26.1%0%Buyer-market concentration is the largest observed corridor exposure
7Netherlands (NLD)Watch27.2%30.2%0%Volatile products account for the largest observed corridor exposure
8United Kingdom (GBR)Watch23.8%21.4%0%Volatile products account for the largest observed corridor exposure
9Japan (JPN)High attention57.9%26.1%4%Buyer-market concentration is the largest observed corridor exposure
10Brazil (BRA)High attention67.4%28.1%28.8%Tariff, distance or agreement conditions create market-access friction

Emerging corridor signals

RankDestinationHS6SignalMarket importsCurrent shareStrength
1Burkina Faso (BFA)721070new$6.8M1.6%100
2Bosnia and Herzegovina (BIH)800110new$23.9M8.2%100
3Bosnia and Herzegovina (BIH)740819new$2.0M18.8%100
4Belize (BLZ)200939new$2.1M49.3%100
5Australia (AUS)030449new$11.0M1.3%100
6Bulgaria (BGR)860610new$5.2M15.8%100
7Bulgaria (BGR)902212new$3.7M2.7%100
8Azerbaijan (AZE)870490new$1.6M19.6%100
9Brazil (BRA)030499new$9.5M1.1%100
10Brazil (BRA)380861new$3.1M54.2%100

Market opportunity signals

RankMarketHS6Buyer importsAddressable 3-year valueCurrent shareSignal
1China (CHN)260111$111.0B$119.1B0%Slowing (-2.6%)
2USA, Puerto Rico and US Virgin Islands (USA)270900$165.0B$115.5B0%Declining (+1.1%)
3China (CHN)270900$291.6B$98.7B0%Accelerating (-6.7%)
4China (CHN)854231$158.0B$93.1B0%Declining (+10.5%)
5India (IND)270900$130.1B$72.9B0.1%Growing (-0.5%)
6China (CHN)854232$80.6B$65.7B0%Slowing (+20.6%)
7China (CHN)710812$80.8B$64.9B0%Declining (+2.4%)
8China (CHN)120190$47.8B$62.4B0%Declining (-13.5%)

How to read this page

Separate reported scale from calculated context.

Reported exports, imports, trade balance, sector rows, destination rows, and annual history describe merchandise trade observations for the stated country and year.

CAGR, shares, concentration measures, tariff context, exposure shares, and momentum are calculated indicators built from the available observations. They help organize research but are not additional reported trade or forecasts.

Coverage runs from 1995 through 2024 for this profile. Missing values are shown as Not reported. Read the full methodology ↗

Reported observations

OECD BIMTS merchandise trade values are the primary series for this view.

Calculated indicators

Growth, share, HHI, tariff, and exposure fields are derived from available reported values.

Coverage limits

Unavailable values remain unavailable. No company sales, shipment records, or forecasts are implied.

Questions about this profile

Spain export capability, in context

Short answers for readers comparing country export scale, partner breadth, and calculated trade indicators.

What does the Spain export profile measure?

It combines reported exports, imports, history, destinations, HS2 sectors, partner context, and calculated indicators for Spain.

What is the latest reported export value for Spain?

Spain recorded $390.0B in reported exports in 2024.

Which markets receive the most exports from Spain?

France leads by reported export value at $55.1B in 2024. Five destination lanes are highlighted.

Which sectors lead Spain's exports?

Vehicles leads by reported value at $62.8B. Five HS2 chapters are highlighted.

How many years of Spain trade history are available?

This sample contains 30 observed annual rows covering 1995 through 2024. Missing observations are not estimated.

Are the growth and exposure values forecasts?

No. They are calculated or classified from reported observations, not forecasts or market-access guarantees.

Continue your research

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Compare countries, products, sectors, and routes using the available trade evidence and definitions.

Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-28). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.