2023
Flag  
GDP
$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH
18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
GDP PC 
$33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH
14.7%CURRENT US$
Rnk 119 / 195

About

Spain-British Indian Ocean Territory Trade: In 2019, Spain exported $6.43M to British Indian Ocean Territory. The main products that Spain exported to British Indian Ocean Territory were N/A. Over the past 15 years the exports of Spain to British Indian Ocean Territory have increased at an annualized rate of 46.8%, from $20.4k in 2004 to $6.43M in 2019.

In 2019, Spain did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-Spain Trade: In 2019, British Indian Ocean Territory exported $22.9k to Spain. The main products that British Indian Ocean Territory exported to Spain were Textile Footwear ($17.9k), Polishes and Creams ($2.9k), and Iron Fasteners ($921). Over the past 15 years the exports of British Indian Ocean Territory to Spain have increased at an annualized rate of 37.4%,  from $4.66k in 2004 to $22.9k in 2019.

In 2019, British Indian Ocean Territory 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, British Indian Ocean Territory ranked 209 in total exports ($23.5M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2019, Spain exported $6.43M to British Indian Ocean Territory. There were not main exports from Spain to British Indian Ocean Territory in 2019. During the last 15 years the exports of Spain to British Indian Ocean Territory have increased at an annualized rate of 46.8%, from $20.4k in 2004 to $6.43M in 2019.

In 2018, British Indian Ocean Territory exported $22.9k to Spain. The main products exported from British Indian Ocean Territory to Spain were Textile Footwear ($17.9k), Polishes and Creams ($2.9k), and Iron Fasteners ($921). During the last 5 years the exports of British Indian Ocean Territory to Spain have increased at an annualized rate of 37.4%, from $4.66k in 2023 to $22.9k in 2018.

Exports from Spain (Flag) to British Indian Ocean Territory (Flag) (2023)

Exports from British Indian Ocean Territory (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top Destination
France$61.9B

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

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

In 2023, no countries were registered that imported more from British Indian Ocean Territory than from Spain.

Difference in imports from British Indian Ocean Territory (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - British Indian Ocean Territory

Flow
Scale

This chart compares trade between Spain and British Indian Ocean Territory by product, considering products traded by both, Spain and British Indian Ocean Territory.

During 2019, Spain had a large net trade with British Indian Ocean Territory in the exports of .

During 2018, British Indian Ocean Territory had a large net trade with Spain in the exports of Footwear and Headwear ($18.3k), Chemical Products ($2.9k), and Metals ($921).

Economic Complexity

Competitive Landscape

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

Product Space of Spain (Flag) and British Indian Ocean Territory (Flag) (2023)

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