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Trade between Italy and Spain

In 2024, Italy exported $30.2 billion to Spain and imported $34.3 billion. Italy ran a deficit of $4.2 billion with Spain, compared with a deficit of $1.4 billion in 2019. Spain was Italy’s 5th largest trading partner (5% of its trade), and Italy was Spain’s 3rd (8%).

Summary

Italy → Spain
$30.2billion
Spain → Italy
$34.3billion
Italy’s balance
-$4.2billion

Balance

Italy’s trade balance with Spain

Trade between Italy and Spain grew 3.5-fold since 1995

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

  • Exports 30.2
  • Imports 34.3
  • Balance -4.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$10.6 billion$8 billion$2.6 billion
1996$12.1 billion$8.7 billion$3.4 billion
1997$12.1 billion$9.9 billion$2.3 billion
1998$13.6 billion$9.8 billion$3.7 billion
1999$14.4 billion$9.7 billion$4.6 billion
2000$14.5 billion$10.1 billion$4.4 billion
2001$14.5 billion$9.9 billion$4.6 billion
2002$15.6 billion$11.4 billion$4.2 billion
2003$19.7 billion$13.9 billion$5.9 billion
2004$23.8 billion$15.8 billion$8 billion
2005$25 billion$15.8 billion$9.2 billion
2006$27.8 billion$18 billion$9.8 billion
2007$34.9 billion$21.5 billion$13.5 billion
2008$32.5 billion$23.4 billion$9.1 billion
2009$21.2 billion$17.5 billion$3.6 billion
2010$23.3 billion$21.9 billion$1.4 billion
2011$24.4 billion$24.6 billion-$106 million
2012$20.7 billion$21.2 billion-$499 million
2013$20.2 billion$21.2 billion-$1 billion
2014$21.3 billion$21.8 billion-$534 million
2015$19.5 billion$19.6 billion-$112 million
2016$20.7 billion$21 billion-$317 million
2017$23.6 billion$22.8 billion$784 million
2018$25.5 billion$24.3 billion$1.2 billion
2019$23.8 billion$25.2 billion-$1.4 billion
2020$20.9 billion$22.9 billion-$2 billion
2021$27.2 billion$29.6 billion-$2.4 billion
2022$29.3 billion$31.6 billion-$2.3 billion
2023$30.1 billion$34.8 billion-$4.6 billion
2024$30.2 billion$34.3 billion-$4.2 billion

What they sell each other

What Italy sells to Spain

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

  1. Refined petroleum$1.9 billion · 6.2%
    3.1 million tonnes · Italy’s destinations
  2. 3 thousand tonnes
  3. 31 thousand tonnes · Italy’s destinations
  4. Auto parts$1.1 billion · 3.8%
    110 thousand tonnes · Italy’s destinations
  5. Cars$475 million · 1.6%
    28 thousand tonnes · Italy’s destinations
  6. Cheese$344 million · 1.1%
    42 thousand tonnes · Italy’s destinations
  7. Crude petroleum$311 million · 1%
    656 thousand tonnes · Spain’s sources
  8. Furniture$306 million · 1%
    93 thousand tonnes · Italy’s destinations
  9. Trucks$297 million · 0.98%
    28 thousand tonnes · Italy’s destinations
  10. Leather footwear$285 million · 0.94%
    5 thousand tonnes

What Spain sells to Italy

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

  1. Cars$4.7 billion · 13.8%
    330 thousand tonnes · Spain’s destinations
  2. Olive oil$1.8 billion · 5.2%
    229 thousand tonnes · Spain’s destinations
  3. Gold$1.1 billion · 3.4%
    20 tonnes · Spain’s destinations
  4. Refined copper$815 million · 2.4%
    88 thousand tonnes · Italy’s sources
  5. Refined petroleum$770 million · 2.2%
    821 thousand tonnes · Spain’s destinations
  6. 17 thousand tonnes · Spain’s destinations
  7. Pork$666 million · 1.9%
    230 thousand tonnes · Spain’s destinations
  8. Women's suits and dresses$523 million · 1.5%
    17 thousand tonnes
  9. Tractors$496 million · 1.5%
    52 thousand tonnes · Italy’s sources
  10. Copper wire$458 million · 1.3%
    50 thousand tonnes

How it travels

Estimated sea route from Genoa to Valencia.

The estimated sea route between Genoa and Valencia is 535 nautical miles (990 km) long: ≈ 1–1.5 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

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$53.7 billion · 83.2%
  2. Air$10.8 billion · 16.8%

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

How much each matters to the other

Spain was Italy’s 5th largest trading partner (5% of its trade), and Italy was Spain’s 3rd (8%).

Spain in Italy’s trade
5.3%
Spain’s rank among Italy’s partners
5th
Italy in Spain’s trade
7.7%
Italy’s rank among Spain’s partners
3rd

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.