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Trade between Canada and Spain

In 2024, Canada exported $2.2 billion to Spain and imported $2.8 billion. Canada ran a deficit of $630 million with Spain, compared with a deficit of $1 billion in 2019. Spain was Canada’s 19th largest trading partner (0.5% of its trade), and Canada was Spain’s 30th (0.6%).

Summary

Canada → Spain
$2.2billion
Spain → Canada
$2.8billion
Canada’s balance
-$630million

Balance

Canada’s trade balance with Spain

Trade between Canada and Spain grew 4.3-fold since 1995

USD billions (current). Canada’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 2.2
  • Imports 2.8
  • Balance -0.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$630 million$531 million$99 million
1996$549 million$525 million$24 million
1997$532 million$584 million-$52 million
1998$527 million$580 million-$53 million
1999$572 million$592 million-$20 million
2000$611 million$686 million-$75 million
2001$702 million$588 million$115 million
2002$676 million$721 million-$45 million
2003$789 million$884 million-$95 million
2004$1.1 billion$999 million$122 million
2005$1.2 billion$1.1 billion$111 million
2006$957 million$1.3 billion-$313 million
2007$1.2 billion$1.3 billion-$53 million
2008$2 billion$1.6 billion$470 million
2009$1.1 billion$1.3 billion-$189 million
2010$1.2 billion$1.5 billion-$232 million
2011$1.5 billion$1.9 billion-$415 million
2012$1.4 billion$1.8 billion-$402 million
2013$1.3 billion$1.6 billion-$362 million
2014$1.2 billion$2 billion-$741 million
2015$1.1 billion$1.8 billion-$710 million
2016$1.4 billion$1.8 billion-$438 million
2017$1.8 billion$2.1 billion-$290 million
2018$1.9 billion$2.3 billion-$367 million
2019$1.6 billion$2.6 billion-$1 billion
2020$1.4 billion$2.3 billion-$907 million
2021$2.2 billion$3 billion-$765 million
2022$3 billion$2.9 billion$82 million
2023$2.7 billion$2.6 billion$11 million
2024$2.2 billion$2.8 billion-$630 million

What they sell each other

What Canada sells to Spain

The top 10 headings in 2024, with their share of the total.

  1. Crude petroleum$701 million · 32.3%
    1.1 million tonnes · Canada’s destinations
  2. Iron ore$281 million · 13%
    2.8 million tonnes · Canada’s destinations
  3. 312 tonnes · Canada’s destinations
  4. Wheat$104 million · 4.8%
    438 thousand tonnes · Canada’s destinations
  5. Turbojets and gas turbines$75 million · 3.4%
    53 tonnes · Canada’s destinations
  6. Airplanes and helicopters$68 million · 3.2%
    51 tonnes · Canada’s destinations
  7. 22 tonnes
  8. 2 thousand tonnes
  9. 37 thousand tonnes · Canada’s destinations
  10. Corn$35 million · 1.6%
    202 thousand tonnes · Spain’s sources

What Spain sells to Canada

The top 10 headings in 2024, with their share of the total.

  1. 1 thousand tonnes · Spain’s destinations
  2. Airplanes and helicopters$139 million · 5%
    131 tonnes · Spain’s destinations
  3. Wine$129 million · 4.6%
    25 thousand tonnes · Spain’s destinations
  4. Precious metal scrap$113 million · 4%
    196 tonnes
  5. Spark-ignition engines$112 million · 4%
    5 thousand tonnes
  6. Olive oil$99 million · 3.5%
    13 thousand tonnes · Spain’s destinations
  7. 70 thousand tonnes
  8. Turbojets and gas turbines$75 million · 2.7%
    54 tonnes · Spain’s destinations
  9. Perfumes$53 million · 1.9%
    1 thousand tonnes · Spain’s destinations
  10. Steel angles and sections$47 million · 1.7%
    64 thousand tonnes

How it travels

Estimated sea route from Vancouver to Valencia.

The estimated sea route between Vancouver and Valencia is 9,017 nautical miles (16,699 km) long: ≈ 21–27 days at sea (at 18 and 14 knots).

Passages it crosses: Panama Canal and Strait of Gibraltar.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$3.4 billion · 69%
  2. Air$1.5 billion · 31%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Spain was Canada’s 19th largest trading partner (0.5% of its trade), and Canada was Spain’s 30th (0.6%).

Spain in Canada’s trade
0.5%
Spain’s rank among Canada’s partners
19th
Canada in Spain’s trade
0.6%
Canada’s rank among Spain’s partners
30th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.