# Spain exporter opportunity index

This page reviews 423,380 screened market and product opportunities for Spain. It combines reported trade observations with calculated opportunity indicators.

## Summary

- Latest reported exports: $390.0B
- Calculated three-year addressable opportunity: $12.0T
- Active partner markets: 270
- FTA partners: 108
- Profile year: 2024

## Top Opportunities

| Rank | Buyer market | Product | Addressable 3-year value | Buyer CAGR | Exporter share | Share gap | Signal |
| ---: | --- | --- | ---: | ---: | ---: | ---: | --- |
| 1 | China (CHN) | HS 260111 Iron ores and concentrates: non-agglomerated | $119.1B | +18.9% | 0% | 63.8% | Slowing |
| 2 | USA, Puerto Rico and US Virgin Islands (USA) | HS 270900 Oils: petroleum oils and oils obtained from bituminous minerals, crude | $115.5B | +4.7% | 0% | 61.1% | Declining |
| 3 | China (CHN) | HS 270900 Oils: petroleum oils and oils obtained from bituminous minerals, crude | $98.7B | +18.1% | 0% | 20.6% | Accelerating |
| 4 | China (CHN) | HS 854231 Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | $93.1B | +18.1% | 0% | 35.8% | Declining |
| 5 | India (IND) | HS 270900 Oils: petroleum oils and oils obtained from bituminous minerals, crude | $72.9B | +13.8% | 0.1% | 38% | Growing |
| 6 | China (CHN) | HS 854232 Electronic integrated circuits: memories | $65.7B | +17.4% | 0% | 50.3% | Slowing |
| 7 | China (CHN) | HS 120190 Soya beans: other than seed, whether or not broken | $62.4B | +24.6% | 0% | 67.5% | Declining |
| 8 | China (CHN) | HS 854239 Electronic integrated circuits: n.e.c. in heading no. 8542 | $61.4B | +15.9% | 0% | 48.2% | Slowing |
| 9 | USA, Puerto Rico and US Virgin Islands (USA) | HS 851712 Telephones for cellular networks or for other wireless networks | $53.8B | +11.8% | 0% | 71.3% | Growing |
| 10 | USA, Puerto Rico and US Virgin Islands (USA) | HS 847150 Digital processing units: other than those of subheadings 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units | $45.6B | +11.1% | 0% | 61.8% | Growing |
| 11 | Republic of Korea (KOR) | HS 270900 Oils: petroleum oils and oils obtained from bituminous minerals, crude | $34.4B | +7.2% | 0% | 36.5% | Declining |
| 12 | India (IND) | HS 710812 Metals: gold, non-monetary, unwrought (but not powder) | $33.8B | +21.1% | 0% | 35.4% | Accelerating |
| 13 | China (CHN) | HS 260300 Copper ores and concentrates | $33.5B | +20.3% | 1.6% | 30.8% | Accelerating |
| 14 | USA, Puerto Rico and US Virgin Islands (USA) | HS 847130 Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display | $33.3B | +3.8% | 0% | 69.8% | Slowing |
| 15 | China, Hong Kong Special Administrative Region (HKG) | HS 851712 Telephones for cellular networks or for other wireless networks | $32.7B | +11.6% | 0% | 77.6% | Growing |
| 16 | Japan (JPN) | HS 270900 Oils: petroleum oils and oils obtained from bituminous minerals, crude | $29.5B | +2.9% | 0% | 42.9% | Declining |
| 17 | USA, Puerto Rico and US Virgin Islands (USA) | HS 293719 Polypeptide hormones, protein hormones and glycoprotein hormones, their derivatives and structural analogues: other than somatotropin, (its derivatives and structural anaologues) and insulin and its salts | $29.5B | +24.6% | 0% | 93% | Accelerating |
| 18 | China, Hong Kong Special Administrative Region (HKG) | HS 854239 Electronic integrated circuits: n.e.c. in heading no. 8542 | $29.1B | +7.1% | 0% | 40.4% | Growing |
| 19 | USA, Puerto Rico and US Virgin Islands (USA) | HS 870323 Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 1500cc but not exceeding 3000cc | $28.7B | +3.9% | 0.1% | 28% | Growing |
| 20 | USA, Puerto Rico and US Virgin Islands (USA) | HS 870431 Vehicles: spark-ignition internal combustion piston engine, for transport of goods, (of a g.v.w. not exceeding 5 tonnes), nes in item no 8704.1 | $27.7B | +4.3% | 0.2% | 88.1% | Growing |
| 21 | United Arab Emirates (ARE) | HS 851712 Telephones for cellular networks or for other wireless networks | $27.3B | +20.6% | 0% | 57.8% | Growing |
| 22 | China (CHN) | HS 271111 Petroleum gases and other gaseous hydrocarbons: liquefied, natural gas | $27.1B | +39.1% | 0% | 35% | Declining |
| 23 | China (CHN) | HS 851712 Telephones for cellular networks or for other wireless networks | $26.3B | +15.4% | 0% | 49.5% | Growing |
| 24 | USA, Puerto Rico and US Virgin Islands (USA) | HS 847180 Data processing machines: automatic, units thereof n.e.s. in heading no. 8471 | $25.8B | +9.4% | 0% | 78.7% | Stable |
| 25 | USA, Puerto Rico and US Virgin Islands (USA) | HS 300215 Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale | $25.7B | +24.1% | 0.1% | 19.9% | Stable |
| 26 | USA, Puerto Rico and US Virgin Islands (USA) | HS 850760 Electric accumulators: lithium-ion, including separators, whether or not rectangular (including square) | $25.0B | +16.4% | 0% | 63.3% | Accelerating |
| 27 | Republic of Korea (KOR) | HS 854232 Electronic integrated circuits: memories | $24.8B | +13.4% | 0% | 81.4% | Slowing |
| 28 | United Kingdom (GBR) | HS 710812 Metals: gold, non-monetary, unwrought (but not powder) | $24.2B | +15.3% | 1.8% | 21.9% | Accelerating |
| 29 | USA, Puerto Rico and US Virgin Islands (USA) | HS 300214 Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, mixed, put up in measured doses or in forms or packings for retail sale | $23.5B | +33.7% | 0.1% | 77.8% | Accelerating |
| 30 | Turkey (TUR) | HS 271019 Product description unavailable | $23.3B | +16.7% | 0.8% | 61.4% | Growing |
| 31 | Switzerland, Liechtenstein (CHE) | HS 300490 Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $23.2B | +12.3% | 7.8% | 39.9% | Growing |
| 32 | Taiwan (TWN) | HS 854232 Electronic integrated circuits: memories | $23.1B | +8.4% | 0% | 45.2% | Declining |
| 33 | China, Hong Kong Special Administrative Region (HKG) | HS 854231 Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits | $21.3B | +9.8% | 0% | 48.6% | Accelerating |
| 34 | Belgium (BEL) | HS 270900 Oils: petroleum oils and oils obtained from bituminous minerals, crude | $20.7B | +7.6% | 0% | 97.6% | Declining |
| 35 | China (CHN) | HS 710813 Metals: gold, semi-manufactured | $20.7B | +31.4% | 0% | 60.2% | Accelerating |
| 36 | Mexico (MEX) | HS 271012 Product description unavailable | $20.7B | +12.7% | 0% | 96.2% | Stable |
| 37 | United Arab Emirates (ARE) | HS 710812 Metals: gold, non-monetary, unwrought (but not powder) | $20.2B | +43.7% | 0% | 12.9% | Accelerating |
| 38 | USA, Puerto Rico and US Virgin Islands (USA) | HS 711590 Metal: precious or metal clad with precious metal, other than that of item no. 7115.10 | $20.2B | +21.5% | 0.1% | 57.3% | Accelerating |
| 39 | Germany (DEU) | HS 850760 Electric accumulators: lithium-ion, including separators, whether or not rectangular (including square) | $19.8B | +19.2% | 0% | 52.9% | Growing |
| 40 | Japan (JPN) | HS 851712 Telephones for cellular networks or for other wireless networks | $19.3B | +12.3% | 0% | 84.7% | Accelerating |
| 41 | China (CHN) | HS 848620 Machines and apparatus of a kind used solely or principally for the manufacture of semiconductor devices or of electronic integrated circuits | $19.1B | +29.9% | 0% | 28.6% | Accelerating |
| 42 | Netherlands (NLD) | HS 270900 Oils: petroleum oils and oils obtained from bituminous minerals, crude | $18.5B | +6.5% | 0% | 31.1% | Stable |
| 43 | Mexico (MEX) | HS 271019 Product description unavailable | $18.4B | +12.8% | 0% | 96.3% | Growing |
| 44 | USA, Puerto Rico and US Virgin Islands (USA) | HS 870340 Vehicles: with both spark-ignition internal combustion piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power | $18.2B | +30.3% | 0% | 31.6% | Growing |
| 45 | China, Hong Kong Special Administrative Region (HKG) | HS 710812 Metals: gold, non-monetary, unwrought (but not powder) | $18.1B | +10.6% | 0% | 32.1% | Accelerating |
| 46 | USA, Puerto Rico and US Virgin Islands (USA) | HS 300490 Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $17.9B | +14% | 0.9% | 15.8% | Growing |
| 47 | Turkey (TUR) | HS 710812 Metals: gold, non-monetary, unwrought (but not powder) | $17.8B | +32.1% | 0% | 45.4% | Growing |
| 48 | Japan (JPN) | HS 271111 Petroleum gases and other gaseous hydrocarbons: liquefied, natural gas | $17.7B | +6% | 0.2% | 40.8% | Growing |
| 49 | China (CHN) | HS 740311 Copper: refined, unwrought, cathodes and sections of cathodes | $17.6B | +17.5% | 0% | 35.8% | Declining |
| 50 | Singapore (SGP) | HS 854239 Electronic integrated circuits: n.e.c. in heading no. 8542 | $17.5B | +4.4% | 0% | 53.4% | Declining |

## Sector View

- Electrical machinery (HS2 85): $2.1T across 31,760 screened opportunities.
- Machinery (HS2 84): $1.4T across 52,330 screened opportunities.
- Vehicles (HS2 87): $915.6B across 9,660 screened opportunities.
- Mineral fuels (HS2 27): $831.4B across 1,662 screened opportunities.
- Other or unclassified products (Other or unclassified products): $499.0B across 504 screened opportunities.
- Precious stones and metals (HS2 71): $427.7B across 2,213 screened opportunities.
- Pharmaceutical products (HS2 30): $386.5B across 4,067 screened opportunities.
- Organic chemicals (HS2 29): $353.4B across 17,845 screened opportunities.
- Plastics (HS2 39): $346.7B across 14,368 screened opportunities.
- Optical and medical instruments (HS2 90): $306.5B across 15,406 screened opportunities.

## Reported Export Footprint

- France (FRA): $55.1B reported exports; YoY -12.9%.
- Germany (DEU): $39.4B reported exports; YoY -3.2%.
- Portugal (PRT): $37.1B reported exports; YoY -2.6%.
- Italy (ITA): $35.1B reported exports; YoY +1.8%.
- United Kingdom (GBR): $24.9B reported exports; YoY -0.9%.
- USA, Puerto Rico and US Virgin Islands (USA): $20.5B reported exports; YoY -8.7%.
- Morocco (MAR): $13.0B reported exports; YoY +5.7%.
- Netherlands (NLD): $11.7B reported exports; YoY -4.1%.

## Corridor Risk and Signals

- Portugal (PRT): High attention; Buyer-market concentration is the largest observed corridor exposure.
- France (FRA): Watch; Volatile products account for the largest observed corridor exposure.
- China (CHN): Critical attention; Tariff, distance or agreement conditions create market-access friction.
- Italy (ITA): Watch; Volatile products account for the largest observed corridor exposure.
- Turkey (TUR): Watch; Volatile products account for the largest observed corridor exposure.
- Germany (DEU): Watch; Buyer-market concentration is the largest observed corridor exposure.

## Region View

- Europe: $3.3T across 40 buyer markets.
- North America: $2.5T across 3 buyer markets.
- East Asia: $2.4T across 8 buyer markets.
- Southeast Asia: $1.1T across 11 buyer markets.
- Middle East: $802.1B across 15 buyer markets.
- South Asia: $535.4B across 8 buyer markets.
- Latin America and Caribbean: $504.3B across 33 buyer markets.
- Africa: $477.6B across 53 buyer markets.

## How to Read

Addressable opportunity is a calculated screening indicator, not a reported order value. Opportunities are included when latest buyer imports exceed $50.0K and at least 3 trade years are available.

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.