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2023
Flag → Flag
Exports $166MRnk 95 / 220
2023
Flag → Flag
Top Product $14.6MBeer
2023
Flag → Flag
Exports $531MRnk 3 / 76
2023
Flag → Flag
Top Product $394MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$12.3BCURRENT US$
Rnk 146 / 195
2013-2023
Flag
GDP GROWTH-43.8%CURRENT US$
Rnk 195 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$6,678CURRENT US$
Rnk 108 / 196
2013-2023
Flag
GDP PC GROWTH-59%CURRENT US$
Rnk 195 / 195

About

Spain-Equatorial Guinea Trade: In 2023, Spain exported $166M to Equatorial Guinea. The main products that Spain exported to Equatorial Guinea were Beer ($14.6M), Flavored Water ($10.8M), and Wine ($6.66M). Over the past 5 years the exports of Spain to Equatorial Guinea have decreased at an annualized rate of 4.26%, from $206M in 2018 to $166M in 2023.

In 2023, Spain did not export any services to Equatorial Guinea.

Equatorial Guinea-Spain Trade: In 2023, Equatorial Guinea exported $531M to Spain. The main products that Equatorial Guinea exported to Spain were Crude Petroleum ($394M), Petroleum Gas ($89.1M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($43.5M). Over the past 5 years the exports of Equatorial Guinea to Spain have increased at an annualized rate of 1.68%,  from $488M in 2018 to $531M in 2023.

In 2023, Equatorial Guinea did not export any services to Spain.

Comparison In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86),  and 16 in total exports ($402B). That same year, Equatorial Guinea ranked 127 in total exports ($5.13B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €15M and imported €146M from Equatorial Guinea, resulting in a negative trade balance of €131M. Between November 2023 and November 2024 the exports of Spain have decreased by €-953k (-5.99%) from €15.9M to €15M, while imports increased by €143M (4.87k%) from €2.95M to €146M.

Trade In November 2024, the top exports of Spain to Equatorial Guinea were Beer (€979k), Flavored Water (€732k), Baked Goods (€555k), Brooms (€393k), and Fruit Juice (€381k). In November 2024 the top imports of Spain from Equatorial Guinea were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) (€6.21M), Veneer Sheets (€391k), Scrap Aluminium (€55.9k), Scrap Copper (€8.14k), and Scrap Waste (€7.52k).

Origins In November 2024 the exports of Spain were mainly from Madrid (€3M), Valencia (€2.9M), Murcia (€1.94M), Barcelona (€786k), and Sevilla (€738k), while imports destinations were mainly Cádiz (€71.9M), Castellón (€69.5M), Valencia (€2.49M), Pontevedra (€1.74M), and A Coruña (€746k).

Growth In November 2024, the decrease in Spain's year-by-year exports to Equatorial Guinea was explained primarily by an decrease in product exports in Beer (€-1.25M or -56.1%), Packaged Medicaments (€-326k or -80.9%), and Eggs (€-313k or -95.7%). In November 2024, the increase in Spain's year-by-year imports  from Equatorial Guinea was explained primarily by an increase in product imports  in Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) (€3.85M or 163%) and Commodities not elsewhere specified (€24.7 or 247%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-953k(-5.99%)
IMPORT GROWTH (November 2023 - November 2024)€143M(4.87k%)
MAIN EXPORTER (November 2024)Madrid€3M

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 Equatorial Guinea and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Equatorial Guinea and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $166M to Equatorial Guinea. The main products exported from Spain to Equatorial Guinea were Beer ($14.6M), Flavored Water ($10.8M), and Wine ($6.66M). During the last 5 years the exports of Spain to Equatorial Guinea have decreased at an annualized rate of 4.26%, from $206M in 2018 to $166M in 2023.

In 2018, Equatorial Guinea exported $531M to Spain. The main products exported from Equatorial Guinea to Spain were Crude Petroleum ($394M), Petroleum Gas ($89.1M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($43.5M). During the last 5 years the exports of Equatorial Guinea to Spain have increased at an annualized rate of 1.68%, from $488M in 2023 to $531M in 2018.

Exports from Spain (Flag) to Equatorial Guinea (Flag) (2023)

Exports from Equatorial Guinea (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Equatorial Guinea
Top DestinationChina$1.37B

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

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

In 2023, no countries were registered that imported more from Equatorial Guinea than from Spain.

Difference in imports from Equatorial Guinea (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - Equatorial Guinea

Flow
Scale

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

During 2023, Spain had a large net trade with Equatorial Guinea in the exports of Foodstuffs ($61.9M), Chemical Products ($19.4M), and Machines ($17.1M).

During 2018, Equatorial Guinea had a large net trade with Spain in the exports of Mineral Products ($483M), Chemical Products ($43.5M), and Metals ($1.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Equatorial Guinea+$1.63MCars
Top Product Potential Equatorial Guinea Spain+$170MPetroleum Gas

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 Equatorial Guinea. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Equatorial Guinea. Similarly, a dot/product with the flag of Equatorial Guinea indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Equatorial Guinea (Flag) (2023)

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