2023
Flag  
GDP
$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH
18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP
$2.12BCURRENT US$
Rnk 175 / 195
2013-2023
Flag
GDP GROWTH
-10.5%CURRENT US$
Rnk 181 / 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
$916CURRENT US$
Rnk 180 / 196
2013-2023
Flag
GDP PC GROWTH
-20.4%CURRENT US$
Rnk 179 / 195

About

Spain-Lesotho Trade: In 2023, Spain exported $2.15M to Lesotho. The main products that Spain exported to Lesotho were Textile Processing Machines ($1.83M), LCDs ($161k), and Knitting Machine Accessories ($115k). Over the past 5 years the exports of Spain to Lesotho have increased at an annualized rate of 20.3%, from $853k in 2018 to $2.15M in 2023.

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

Lesotho-Spain Trade: In 2023, Lesotho exported $147k to Spain. The main products that Lesotho exported to Spain were Textile Processing Machines ($72.6k), Knit Women's Suits ($28.7k), and LCDs ($25.5k). Over the past 5 years the exports of Lesotho to Spain have increased at an annualized rate of 88.2%,  from $6.23k in 2018 to $147k in 2023.

In 2023, Lesotho 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, Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $2.15M to Lesotho. The main products exported from Spain to Lesotho were Textile Processing Machines ($1.83M), LCDs ($161k), and Knitting Machine Accessories ($115k). During the last 5 years the exports of Spain to Lesotho have increased at an annualized rate of 20.3%, from $853k in 2018 to $2.15M in 2023.

In 2018, Lesotho exported $147k to Spain. The main products exported from Lesotho to Spain were Textile Processing Machines ($72.6k), Knit Women's Suits ($28.7k), and LCDs ($25.5k). During the last 5 years the exports of Lesotho to Spain have increased at an annualized rate of 88.2%, from $6.23k in 2023 to $147k in 2018.

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

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

Market Competitiveness

Color
Spain
Top Destination
France$61.9B
Lesotho
Top Destination
South Africa$351M

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

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

In 2023, countries that imported more from Lesotho than Spain included Eswatini ($7.34M).

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

Comparative Advantage Spain - Lesotho

Flow
Scale

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

During 2023, Spain had a large net trade with Lesotho in the exports of Machines ($1.97M), Instruments ($165k), and Chemical Products ($4.25k).

During 2018, Lesotho had a large net trade with Spain in the exports of Machines ($76.1k), Textiles ($43.7k), and Instruments ($27.4k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Lesotho+$16.9kCentrifuges
Top Product Potential Lesotho Spain+$9.89kHigh-voltage Protection Equipment

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with