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Trade between Spain and Ukraine

In 2024, Spain exported $897 million to Ukraine and imported $3.1 billion. Spain ran a deficit of $2.2 billion with Ukraine, compared with a deficit of $781 million in 2019. Ukraine was Spain’s 33rd largest trading partner (0.5% of its trade), and Spain was Ukraine’s 7th (3%).

Summary

Spain → Ukraine
$897million
Ukraine → Spain
$3.1billion
Spain’s balance
-$2.2billion

Balance

Spain’s trade balance with Ukraine

Trade between Spain and Ukraine grew 22.7-fold since 1995

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

  • Exports 0.9
  • Imports 3.1
  • Balance -2.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$46 million$130 million-$84 million
1996$66 million$127 million-$61 million
1997$81 million$149 million-$68 million
1998$80 million$167 million-$87 million
1999$66 million$143 million-$76 million
2000$101 million$221 million-$120 million
2001$87 million$370 million-$283 million
2002$120 million$535 million-$415 million
2003$191 million$316 million-$126 million
2004$251 million$641 million-$390 million
2005$269 million$715 million-$446 million
2006$409 million$540 million-$131 million
2007$465 million$860 million-$396 million
2008$690 million$1.1 billion-$459 million
2009$394 million$680 million-$286 million
2010$470 million$574 million-$103 million
2011$675 million$1.1 billion-$411 million
2012$750 million$1.7 billion-$987 million
2013$840 million$1.2 billion-$371 million
2014$587 million$1.3 billion-$746 million
2015$438 million$1.1 billion-$700 million
2016$492 million$1.1 billion-$630 million
2017$574 million$1.4 billion-$799 million
2018$632 million$1.5 billion-$900 million
2019$852 million$1.6 billion-$781 million
2020$710 million$1.3 billion-$625 million
2021$983 million$1.7 billion-$732 million
2022$699 million$1.9 billion-$1.2 billion
2023$958 million$2.5 billion-$1.6 billion
2024$897 million$3.1 billion-$2.2 billion

What they sell each other

What Spain sells to Ukraine

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

  1. 795 tonnes · Spain’s destinations
  2. 2 thousand tonnes
  3. Pesticides and herbicides$45 million · 5.1%
    2 thousand tonnes
  4. Frozen fish$32 million · 3.6%
    15 thousand tonnes
  5. Wine$26 million · 2.9%
    10 thousand tonnes · Spain’s destinations
  6. Cars$24 million · 2.7%
    2 thousand tonnes · Spain’s destinations
  7. Canned vegetables$19 million · 2.2%
    8 thousand tonnes
  8. Auto parts$19 million · 2.1%
    2 thousand tonnes · Spain’s destinations
  9. Cured and smoked meat$17 million · 1.9%
    1 thousand tonnes
  10. Ceramic tiles$16 million · 1.8%
    18 thousand tonnes

What Ukraine sells to Spain

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

  1. Corn$957 million · 31.1%
    5.2 million tonnes · Ukraine’s destinations
  2. Wheat$948 million · 30.9%
    5.6 million tonnes · Ukraine’s destinations
  3. 696 thousand tonnes
  4. Barley$68 million · 2.2%
    397 thousand tonnes
  5. Meal from other oilseeds$49 million · 1.6%
    219 thousand tonnes
  6. 290 tonnes
  7. Clays$31 million · 1%
    449 thousand tonnes
  8. Cars$29 million · 0.96%
    3 thousand tonnes · Spain’s sources
  9. Rapeseed and mustard oil$23 million · 0.74%
    25 thousand tonnes
  10. Wood veneer sheets$22 million · 0.7%
    5 thousand tonnes

How it travels

Estimated sea route from Valencia to Odesa.

The estimated sea route between Valencia and Odesa is 1,977 nautical miles (3,660 km) long: ≈ 4.5–6 days at sea (at 18 and 14 knots).

Passages it crosses: Dardanelles and Bosporus.

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$3.7 billion · 93.6%
  2. Air$253 million · 6.4%

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

How much each matters to the other

Ukraine was Spain’s 33rd largest trading partner (0.5% of its trade), and Spain was Ukraine’s 7th (3%).

Ukraine in Spain’s trade
0.5%
Ukraine’s rank among Spain’s partners
33rd
Spain in Ukraine’s trade
3.4%
Spain’s rank among Ukraine’s partners
7th

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.