Spain-Türkiye Bilateral Trade Analysis 2023
Complete trade statistics: $19.75B total volume •Spain deficit: $670.97M
Spain → Türkiye
$9.54B
Exports (2023)
Türkiye → Spain
$10.21B
Imports (2023)
Trade Balance
$670.97M
Deficit for Spain
Total Trade
$19.75B
Combined Volume
Trade Flow Visualization
Direct trade relationship between Spain and Türkiye. Green line shows exports from Spain, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Spain-Türkiye commercial relationship and competitive positioning in global markets.
Spain → Türkiye Exports
Export Market Intelligence
🎯 Strategic Export Focus
Spain's export portfolio to Türkiye demonstrates strong diversification across multiple sectors, with vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc representing a key competitive advantage in this bilateral market.
Türkiye → Spain Imports
Import Dependency Profile
📦 Import Strategy Analysis
Spain's import pattern from Türkiye reveals strategic sourcingin vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Spain demonstrates competitive strength in exportingvehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc to Türkiye, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.
Growth Potential
The $19.75B trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Spain-Türkiye Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $19.75 billionrepresenting a significant bilateral economic relationship
- Trade Balance: Spain maintains a deficit of $670.97 million
- Export Focus: Spain's primary exports include vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc, vehicles: with only compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity not over 1500cc, vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity not over 1000cc
- Import Dependencies: Key imports from Türkiye include vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power, petroleum oils and oils from bituminous minerals, not crude: preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals: these being the basic constituents of the preparations: waste oils, trousers, bib and brace overalls, breeches and shorts: women's or girls', of cotton (not knitted or crocheted)
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents a significant global 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 $19.75B 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 Spain leveraging its comparative advantages in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc.
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
Spain's specialization in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cccomplements Türkiye's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $19.75B bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $19.75B 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 $19.75 billion bilateral trade volume represents a significant economic factorfor both economies.
Industrial Integration
Trade flows in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc and vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Spain's trade deficit of $670.97 million impacts 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 Spain and Türkiye represents a total trade volume of $19.75 billion in 2023. This partnership demonstrates an unfavorable trade balance for Spain, with imports exceeding exportsby $670.97 million.
Export Strengths
Spain's exports to Türkiye total $9.54 billion, with competitive advantages in vehicles: with only spark-ignition internal combustion reciprocating piston engine, cylinder capacity over 1000 but not over 1500cc, representing $1.70B or17.9% of bilateral exports.
Import Dependencies
Imports from Türkiye amount to $10.21 billion, highlighting economic interdependence in vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power, with Vehicles: with both spark-ignition internal combustion reciprocating piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power comprising6.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Spain's strategic sourcing from Türkiye. 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 Spain and Türkiye in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023