2023
Flag  
GDP
$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH
18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP
$263BCURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP GROWTH
11%CURRENT US$
Rnk 153 / 195
2023
Flag
GDP PC 
$33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH
14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC
$12,919CURRENT US$
Rnk 79 / 196
2013-2023
Flag
GDP PC GROWTH
-4.15%CURRENT US$
Rnk 158 / 195

About

Spain-Kazakhstan Trade: In 2023, Spain exported $515M to Kazakhstan. The main products that Spain exported to Kazakhstan were Planes, Helicopters, and/or Spacecraft ($99.9M), Stone Processing Machines ($96.3M), and Packaged Medicaments ($43.8M). Over the past 5 years the exports of Spain to Kazakhstan have increased at an annualized rate of 23%, from $183M in 2018 to $515M in 2023.

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

Kazakhstan-Spain Trade: In 2023, Kazakhstan exported $1.95B to Spain. The main products that Kazakhstan exported to Spain were Crude Petroleum ($1.7B), Refined Petroleum ($110M), and Ferroalloys ($60.7M). Over the past 5 years the exports of Kazakhstan to Spain have decreased at an annualized rate of 3.46%,  from $2.32B in 2018 to $1.95B in 2023.

In 2023, Kazakhstan 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, Kazakhstan ranked 71 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($96.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $515M to Kazakhstan. The main products exported from Spain to Kazakhstan were Planes, Helicopters, and/or Spacecraft ($99.9M), Stone Processing Machines ($96.3M), and Packaged Medicaments ($43.8M). During the last 5 years the exports of Spain to Kazakhstan have increased at an annualized rate of 23%, from $183M in 2018 to $515M in 2023.

In 2018, Kazakhstan exported $1.95B to Spain. The main products exported from Kazakhstan to Spain were Crude Petroleum ($1.7B), Refined Petroleum ($110M), and Ferroalloys ($60.7M). During the last 5 years the exports of Kazakhstan to Spain have decreased at an annualized rate of 3.46%, from $2.32B in 2023 to $1.95B in 2018.

Exports from Spain (Flag) to Kazakhstan (Flag) (2023)

Exports from Kazakhstan (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top Destination
France$61.9B
Kazakhstan
Top Destination
China$15.2B

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

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

In 2023, countries that imported more from Kazakhstan than Spain included Russia ($9.78B), China ($15.2B), and Uzbekistan ($3.04B).

Difference in imports from Kazakhstan (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - Kazakhstan

Flow
Scale

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

During 2023, Spain had a large net trade with Kazakhstan in the exports of Machines ($180M), Transportation ($124M), and Chemical Products ($78.3M).

During 2018, Kazakhstan had a large net trade with Spain in the exports of Mineral Products ($1.86B), Metals ($64.5M), and Chemical Products ($16.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Kazakhstan+$22.7MCars
Top Product Potential Kazakhstan Spain+$115MCrude 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 Kazakhstan. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Kazakhstan. Similarly, a dot/product with the flag of Kazakhstan indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Kazakhstan (Flag) (2023)

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