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Trade between Spain and Taiwan

In 2024, Spain exported $1.1 billion to Taiwan and imported $1.9 billion. Spain ran a deficit of $768 million with Taiwan, compared with a deficit of $704 million in 2019. Taiwan was Spain’s 44th largest trading partner (0.4% of its trade), and Spain was Taiwan’s 30th (0.3%).

Summary

Spain → Taiwan
$1.1billion
Taiwan → Spain
$1.9billion
Spain’s balance
-$768million

Balance

Spain’s trade balance with Taiwan

Trade between Spain and Taiwan grew 2.8-fold since 1995

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

  • Exports 1.1
  • Imports 1.9
  • Balance -0.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$334 million$730 million-$396 million
1996$282 million$766 million-$485 million
1997$395 million$809 million-$414 million
1998$314 million$1 billion-$691 million
1999$317 million$1 billion-$691 million
2000$329 million$1.1 billion-$766 million
2001$335 million$938 million-$603 million
2002$333 million$925 million-$592 million
2003$339 million$1 billion-$684 million
2004$396 million$1.3 billion-$883 million
2005$463 million$1.4 billion-$960 million
2006$423 million$1.7 billion-$1.3 billion
2007$468 million$2.2 billion-$1.8 billion
2008$521 million$2.4 billion-$1.9 billion
2009$490 million$1.5 billion-$1 billion
2010$613 million$1.8 billion-$1.2 billion
2011$687 million$1.7 billion-$976 million
2012$664 million$1.2 billion-$492 million
2013$708 million$1.2 billion-$500 million
2014$1.2 billion$1.3 billion-$64 million
2015$881 million$1.2 billion-$283 million
2016$677 million$1.2 billion-$487 million
2017$708 million$1.3 billion-$607 million
2018$688 million$1.6 billion-$912 million
2019$791 million$1.5 billion-$704 million
2020$802 million$1.4 billion-$578 million
2021$908 million$2 billion-$1.1 billion
2022$937 million$2.5 billion-$1.6 billion
2023$920 million$2 billion-$1.1 billion
2024$1.1 billion$1.9 billion-$768 million

What they sell each other

What Spain sells to Taiwan

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

  1. Vaccines, blood and antisera$172 million · 15.6%
    60 tonnes · Spain’s destinations
  2. Cars$101 million · 9.2%
    6 thousand tonnes · Spain’s destinations
  3. Diesel and other locomotives$87 million · 7.9%
    2 thousand tonnes
  4. Pork$76 million · 6.9%
    15 thousand tonnes · Spain’s destinations
  5. Medicines in measured doses or retail packs$66 million · 6%
    620 tonnes · Spain’s destinations
  6. Auto parts$25 million · 2.3%
    2 thousand tonnes · Spain’s destinations
  7. Ceramic tiles$25 million · 2.3%
    36 thousand tonnes
  8. Olive oil$24 million · 2.2%
    2 thousand tonnes · Spain’s destinations
  9. Bags, suitcases and cases$23 million · 2.1%
    28 tonnes
  10. Turbojets and gas turbines$18 million · 1.7%
    44 tonnes · Spain’s destinations

What Taiwan sells to Spain

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

  1. Coated flat steel$179 million · 9.6%
    206 thousand tonnes
  2. Cameras and broadcast equipment$169 million · 9%
    406 tonnes
  3. Hot-rolled flat steel$120 million · 6.4%
    175 thousand tonnes
  4. Motorcycle and bicycle parts$109 million · 5.8%
    1 thousand tonnes
  5. Screws, bolts and nuts$96 million · 5.1%
    32 thousand tonnes
  6. Microchips$89 million · 4.8%
    147 tonnes · Taiwan’s destinations
  7. Cold-rolled flat steel$78 million · 4.1%
    102 thousand tonnes
  8. Alarms, bells and indicator panels$46 million · 2.4%
    439 tonnes
  9. Vehicle lights and signals$46 million · 2.4%
    2 thousand tonnes
  10. Motorcycles$37 million · 2%
    1 thousand tonnes

How it travels

Estimated sea route from Valencia to Kaohsiung.

The estimated sea route between Valencia and Kaohsiung is 12,931 nautical miles (23,949 km) long: ≈ 30–38.5 days at sea (at 18 and 14 knots).

Because of the 2024 disruptions, traffic is split: 85% via the Strait of Gibraltar, the Cape of Good Hope and the Strait of Malacca and Singapore (12,931 nautical miles); and 15% via the Suez Canal, the Bab-el-Mandeb Strait and the Strait of Malacca and Singapore (8,542 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$1.7 billion · 57%
  2. Air$1.3 billion · 43%

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

How much each matters to the other

Taiwan was Spain’s 44th largest trading partner (0.4% of its trade), and Spain was Taiwan’s 30th (0.3%).

Taiwan in Spain’s trade
0.4%
Taiwan’s rank among Spain’s partners
44th
Spain in Taiwan’s trade
0.3%
Spain’s rank among Taiwan’s partners
30th

Compare with

Other partners of Spain

Other partners of Taiwan

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.