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2022
Flag → Flag
Exports $101MRnk 108 / 218
2022
Flag → Flag
Top Product $21.8MPoultry Meat
2022
Flag → Flag
Exports $863kRnk 44 / 128
2022
Flag → Flag
Top Product $225kCopper Wire
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 86 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$17.4BCURRENT US$
Rnk 124 / 186
2012-2022
Flag
GDP GROWTH56.2%CURRENT US$
Rnk 48 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$1,303CURRENT US$
Rnk 161 / 186
2012-2022
Flag
GDP PC GROWTH17.1%CURRENT US$
Rnk 95 / 186

About

Spain-Benin Trade: In 2022, Spain exported $101M to Benin. The main products that Spain exported to Benin were Poultry Meat ($21.8M), Refined Petroleum ($9.59M), and Unglazed Ceramics ($8.17M). Over the past 5 years the exports of Spain to Benin have increased at an annualized rate of 12.1%, from $57.2M in 2017 to $101M in 2022.

In 2022, Spain did not export any services to Benin.

Benin-Spain Trade: In 2022, Benin exported $863k to Spain. The main products that Benin exported to Spain were Copper Wire ($225k), Refined Petroleum ($155k), and Cassava ($120k). Over the past 5 years the exports of Benin to Spain have decreased at an annualized rate of 22.7%,  from $3.12M in 2017 to $863k in 2022.

In 2022, Benin did not export any services to Spain.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Benin ranked 86 in the Economic Complexity Index (ECI -0.5), and 149 in total exports ($1.67B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €4.21M and imported €392k from Benin, resulting in a positive trade balance of €3.82M. Between August 2023 and August 2024 the exports of Spain have increased by €1.08M (34.7%) from €3.13M to €4.21M, while imports increased by €307k (360%) from €85.3k to €392k.

Trade In August 2024, the top exports of Spain to Benin were Planes, Helicopters, and/or Spacecraft (€5.1M), Poultry Meat (€2.08M), Unglazed Ceramics (€577k), Light Fixtures (€400k), and Wine (€161k). In August 2024 the top imports of Spain from Benin were Preserved Vegetables (€14.1k) and Commodities not elsewhere specified (€10).

Origins In August 2024 the exports of Spain were mainly from Madrid (€948k), Barcelona (€692k), Sevilla (€648k), Zaragoza (€429k), and Girona (€355k), while imports destinations were mainly Barcelona (€157k), Cuenca (€95.2k), Tarragona (€61.8k), Valencia (€44.3k), and La Rioja (€33.7k).

Growth In August 2024, the increase in Spain's year-by-year exports to Benin was explained primarily by an increase in product exports in Wine (€85.2k or 112%), Unglazed Ceramics (€44.4k or 8.34%), and Building Stone (€14.1k or 198%). In August 2024, the increase in Spain's year-by-year imports  from Benin was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€1.08M(34.7%)
IMPORT GROWTH (August 2023 - August 2024)€307k(360%)
MAIN EXPORTER (August 2024)Madrid€948k

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Benin and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Benin and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $101M to Benin. The main products exported from Spain to Benin were Poultry Meat ($21.8M), Refined Petroleum ($9.59M), and Unglazed Ceramics ($8.17M). During the last 5 years the exports of Spain to Benin have increased at an annualized rate of 12.1%, from $57.2M in 2017 to $101M in 2022.

In 2017, Benin exported $863k to Spain. The main products exported from Benin to Spain were Copper Wire ($225k), Refined Petroleum ($155k), and Cassava ($120k). During the last 5 years the exports of Benin to Spain have decreased at an annualized rate of 22.7%, from $3.12M in 2022 to $863k in 2017.

Exports from Spain (Flag) to Benin (Flag) (2022)

Exports from Benin (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Benin
Top DestinationIndia$448M

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

In 2022, countries that imported more from Spain than Benin included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Benin than Spain included Bangladesh ($406M), Chad ($28M), and Niger ($16.9M).

Difference in imports from Benin (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Benin

Flow
Scale

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

During 2022, Spain had a large net trade with Benin in the exports of Animal Products ($23.5M), Mineral Products ($20.5M), and Machines ($19.9M).

During 2017, Benin had a large net trade with Spain in the exports of Metals ($352k), Vegetable Products ($169k), and Mineral Products ($156k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Benin+$7.71MRefined Petroleum
Top Product Potential Benin Spain+$716kRefined 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

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

Product Space of Spain (Flag) and Benin (Flag) (2022)

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