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Trade between India and Spain

In 2024, India exported $6.2 billion to Spain and imported $2.5 billion. India ran a surplus of $3.8 billion with Spain, compared with a surplus of $3 billion in 2019. Spain was India’s 32nd largest trading partner (0.8% of its trade), and India was Spain’s 17th (1%).

Summary

India → Spain
$6.2billion
Spain → India
$2.5billion
India’s balance
$3.8billion

Balance

India’s trade balance with Spain

Trade between India and Spain grew 10.9-fold since 1995

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

  • Exports 6.2
  • Imports 2.5
  • Balance +3.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$558 million$237 million$321 million
1996$637 million$287 million$350 million
1997$643 million$226 million$418 million
1998$719 million$257 million$462 million
1999$773 million$197 million$576 million
2000$815 million$193 million$622 million
2001$904 million$202 million$702 million
2002$1 billion$292 million$757 million
2003$1.3 billion$286 million$1 billion
2004$1.7 billion$504 million$1.2 billion
2005$2 billion$743 million$1.3 billion
2006$2.4 billion$716 million$1.7 billion
2007$3.1 billion$975 million$2.2 billion
2008$3.7 billion$1.2 billion$2.5 billion
2009$2.7 billion$1.3 billion$1.5 billion
2010$3.4 billion$1.6 billion$1.8 billion
2011$4 billion$1.9 billion$2 billion
2012$3.5 billion$1.8 billion$1.7 billion
2013$3.3 billion$2 billion$1.4 billion
2014$3.7 billion$1.8 billion$1.9 billion
2015$3.6 billion$2 billion$1.6 billion
2016$4 billion$1.8 billion$2.2 billion
2017$4.5 billion$1.9 billion$2.6 billion
2018$4.8 billion$1.7 billion$3 billion
2019$4.7 billion$1.7 billion$3 billion
2020$3.8 billion$1.5 billion$2.3 billion
2021$4.8 billion$1.9 billion$2.9 billion
2022$5.7 billion$2.8 billion$2.9 billion
2023$6.3 billion$3 billion$3.4 billion
2024$6.2 billion$2.5 billion$3.8 billion

What they sell each other

What India sells to Spain

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

  1. Refined petroleum$731 million · 11.7%
    873 thousand tonnes · India’s destinations
  2. Cameras and broadcast equipment$411 million · 6.6%
    487 tonnes
  3. Nitrogen heterocyclic compounds$401 million · 6.5%
    5 thousand tonnes
  4. Women's suits and dresses$174 million · 2.8%
    6 thousand tonnes
  5. Hot-rolled flat steel$172 million · 2.8%
    246 thousand tonnes
  6. Mollusks (squid, mussels, oysters)$162 million · 2.6%
    31 thousand tonnes
  7. Medicines in measured doses or retail packs$154 million · 2.5%
    2 thousand tonnes · India’s destinations
  8. Coated flat steel$151 million · 2.4%
    174 thousand tonnes
  9. Leather footwear$116 million · 1.9%
    4 thousand tonnes
  10. Auto parts$113 million · 1.8%
    19 thousand tonnes · India’s destinations

What Spain sells to India

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

  1. Airplanes and helicopters$258 million · 10.5%
    89 tonnes · Spain’s destinations
  2. Dredgers and floating cranes$153 million · 6.2%
    11 thousand tonnes
  3. Enamels and glazes for ceramics and glass$89 million · 3.6%
    18 thousand tonnes
  4. Refined petroleum$82 million · 3.3%
    96 thousand tonnes · Spain’s destinations
  5. Aluminum scrap$70 million · 2.8%
    33 thousand tonnes
  6. Tugboats$49 million · 2%
    164 tonnes
  7. Polyethylene$47 million · 1.9%
    32 thousand tonnes · Spain’s destinations
  8. Olive oil$43 million · 1.7%
    5 thousand tonnes · Spain’s destinations
  9. Auto parts$41 million · 1.7%
    3 thousand tonnes · Spain’s destinations
  10. Unwrought zinc$38 million · 1.5%
    11 thousand tonnes · Spain’s destinations

How it travels

Estimated sea route from Nhava Sheva (Mumbai) to Valencia.

The estimated sea route between Nhava Sheva (Mumbai) and Valencia is 10,375 nautical miles (19,215 km) long: ≈ 24–31 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Cape of Good Hope and the Strait of Gibraltar (10,375 nautical miles); and 15% via the Bab-el-Mandeb Strait and the Suez Canal (4,934 nautical miles).

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$6.4 billion · 74.2%
  2. Air$2.2 billion · 25.8%

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

How much each matters to the other

Spain was India’s 32nd largest trading partner (0.8% of its trade), and India was Spain’s 17th (1%).

Spain in India’s trade
0.8%
Spain’s rank among India’s partners
32nd
India in Spain’s trade
1%
India’s rank among Spain’s partners
17th

Compare with

Other partners of India

Other partners of Spain

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.