China-Spain Bilateral Trade Analysis 2023
Complete trade statistics: $54.19B total volume •China surplus: $37.16B
China → Spain
$45.67B
Exports (2023)
Spain → China
$8.52B
Imports (2023)
Trade Balance
$37.16B
Surplus for China
Total Trade
$54.19B
Combined Volume
Trade Flow Visualization
Direct trade relationship between China and Spain. Green line shows exports from China, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the China-Spain commercial relationship and competitive positioning in global markets.
China → Spain Exports
Export Market Intelligence
🎯 Strategic Export Focus
China's export portfolio to Spain demonstrates strong diversification across multiple sectors, with vehicles: with only electric motor for propulsion representing a key competitive advantage in this bilateral market.
Spain → China Imports
Import Dependency Profile
📦 Import Strategy Analysis
China's import pattern from Spain reveals significant dependencyin medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
China demonstrates competitive strength in exportingvehicles: with only electric motor for propulsion to Spain, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $54.19B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: China-Spain Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $54.19 billionrepresenting a significant bilateral economic relationship
- Trade Balance: China maintains a surplus of $37.16 billion
- Export Focus: China's primary exports include vehicles: with only electric motor for propulsion, electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light-emitting diodes (led), electric accumulators: lithium-ion, including separators, whether or not rectangular (including square)
- Import Dependencies: Key imports from Spain include medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, copper ores and concentrates, meat: of swine, n.e.c. in item no. 0203.2, frozen
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents one of the world's largest trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $54.19B represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with China leveraging its comparative advantages in vehicles: with only electric motor for propulsion.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
China's specialization in vehicles: with only electric motor for propulsioncomplements Spain's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $54.19B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $54.19B bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $54.19 billion bilateral trade volume represents a major economic driverfor both economies.
Industrial Integration
Trade flows in vehicles: with only electric motor for propulsion and medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
China's trade surplus of $37.16 billion strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between China and Spain represents a total trade volume of $54.19 billion in 2023. This partnership demonstrates a favorable trade balance for China, with exports exceeding importsby $37.16 billion.
Export Strengths
China's exports to Spain total $45.67 billion, with competitive advantages in vehicles: with only electric motor for propulsion, representing $2.58B or5.7% of bilateral exports.
Import Dependencies
Imports from Spain amount to $8.52 billion, highlighting economic interdependence in medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, with Medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale comprising13.5% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates China's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between China and Spain in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023