Angola (AGO) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Angola-Spain Trade: In 2023, Angola exported $2.65B to Spain. The main products that Angola exported to Spain were Crude Petroleum ($2.27B), Special Purpose Ships ($243M), and Petroleum Gas ($68.4M). Over the past 5 years the exports of Angola to Spain have increased at an annualized rate of 13.3%, from $1.42B in 2018 to $2.65B in 2023.

In 2023, Angola did not export any services to Spain.

Spain-Angola Trade: In 2023, Spain exported $223M to Angola. The main products that Spain exported to Angola were Refined Petroleum ($64.6M), Cellulose Fibers Paper ($6.58M), and Aircraft parts (gliders, balloons, and powered aircraft) ($6.37M). Over the past 5 years the exports of Spain to Angola have increased at an annualized rate of 9.04%, from $145M in 2018 to $223M in 2023.

In 2023, Spain did not export any services to Angola.

Comparison: In 2023, Angola ranked 120 in the Economic Complexity Index (ECI -1.23), and 62 in total exports ($42.6B). That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Angola exported $2.65B to Spain. The main products exported from Angola to Spain were Crude Petroleum ($2.27B), Special Purpose Ships ($243M), and Petroleum Gas ($68.4M). During the last 5 years the exports of Angola to Spain have increased at an annualized rate of 13.3%, from $1.42B in 2018 to $2.65B in 2023.

In 2018, Spain exported $223M to Angola. The main products exported from Spain to Angola were Refined Petroleum ($64.6M), Cellulose Fibers Paper ($6.58M), and Aircraft parts (gliders, balloons, and powered aircraft) ($6.37M). During the last 5 years the exports of Spain to Angola have increased at an annualized rate of 9.04%, from $145M in 2023 to $223M in 2018.

Exports from Angola () to Spain () (2023)

Exports from Spain () to Angola () (2023)

Latest Data

Trade between Angola () and Spain ()

Angola Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Angola
Top DestinationChina$17.1B

Spain
Top DestinationFrance$61.9B

This map shows whether countries import more from Angola or Spain. Each country is colored based on the difference in imports they receive from Angola and Spain or the difference in the growth in imports.

In 2023, countries that imported more from Angola than Spain included China ($17.1B), Republic of the Congo ($1.24B), and India ($3.87B).

In 2023, countries that imported more from Spain than Angola included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

Difference in imports from Spain () and Angola () (2023)

Comparative Advantage Angola - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Angola and Spain by product, considering products traded by both, Angola and Spain.

During 2023, Angola had a large net trade with Spain in the exports of Mineral Products ($2.34B), Transportation ($283M), and Animal Products ($18M).

During 2018, Spain had a large net trade with Angola in the exports of Mineral Products ($66.1M), Machines ($49.4M), and Chemical Products ($19.8M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Angola Spain+$536MCrude Petroleum

Top Product Potential Spain Angola+$3.54MRefined Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Angola and Spain. This means that a dot/product with the flag of Angola indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Angola.

About

Historical Data

Bilateral Trade by Products

Exports from Angola () to Spain () (2023)

Exports from Spain () to Angola () (2023)

Latest Data

Trade between Angola () and Spain ()

Angola Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Angola () (2023)

Comparative Advantage Angola - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Angola () and Spain () (2023)

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