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Pricing

2022
Flag → Flag
Exports $5.7MRnk 174 / 218
2022
Flag → Flag
Top Product $2.07MPure Olive Oil
2022
Flag → Flag
Exports $81MRnk 16 / 94
2022
Flag → Flag
Top Product $77.1MProcessed Fish
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.53Rnk 125 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$30.6BCURRENT US$
Rnk 102 / 186
2012-2022
Flag
GDP GROWTH43.9%CURRENT US$
Rnk 78 / 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$3,020CURRENT US$
Rnk 133 / 186
2012-2022
Flag
GDP PC GROWTH13.8%CURRENT US$
Rnk 100 / 186

About

Spain-Papua New Guinea Trade: In 2022, Spain exported $5.7M to Papua New Guinea. The main products that Spain exported to Papua New Guinea were Pure Olive Oil ($2.07M), Large Iron Containers ($1.43M), and Nitrogen Heterocyclic Compounds ($476k). Over the past 5 years the exports of Spain to Papua New Guinea have increased at an annualized rate of 13.6%, from $3.01M in 2017 to $5.7M in 2022.

In 2022, Spain did not export any services to Papua New Guinea.

Papua New Guinea-Spain Trade: In 2022, Papua New Guinea exported $81M to Spain. The main products that Papua New Guinea exported to Spain were Processed Fish ($77.1M), Non-fillet Frozen Fish ($2.51M), and Coffee ($744k). Over the past 5 years the exports of Papua New Guinea to Spain have decreased at an annualized rate of 8.29%,  from $125M in 2017 to $81M in 2022.

In 2022, Papua New Guinea 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, Papua New Guinea ranked 125 in the Economic Complexity Index (ECI -1.53), and 87 in total exports ($15.4B).

Latest Trends

June, 2024

About

Overview In June 2024, Spain exported €877k and imported €4.93M from Papua New Guinea, resulting in a negative trade balance of €4.05M. Between June 2023 and June 2024 the exports of Spain have increased by €496k (130%) from €382k to €877k, while imports decreased by €-1.75M (-26.2%) from €6.67M to €4.93M.

Trade In June 2024, the top exports of Spain to Papua New Guinea were Pure Olive Oil (€228k), Excavation Machinery (€105k), Perfumes (€27.6k), Liquid Pumps (€10.4k), and Metalworking Machine Parts (€6.46k). In June 2024 the top imports of Spain from Papua New Guinea were Processed Fish (€6.43M), Coffee (€358k), Audio Alarms (€138), and Commodities not elsewhere specified (€20.8).

Origins In June 2024 the exports of Spain were mainly from Orense (€656k), Lleida (€91.2k), Madrid (€47.1k), Vizcaya (€41.2k), and Álava (€23.9k), while imports destinations were mainly A Coruña (€3.77M), Pontevedra (€744k), Barcelona (€190k), Vizcaya (€144k), and Valencia (€68.2k).

Growth In June 2024, the increase in Spain's year-by-year exports to Papua New Guinea was explained primarily by an increase in product exports in Excavation Machinery (€103k or 5.06k%), Commodities not elsewhere specified (€214 or 1.42k%), and Brochures (€6.24 or 6.25%). In June 2024, the decrease in Spain's year-by-year imports  from Papua New Guinea was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€496k(130%)
IMPORT GROWTH (June 2023 - June 2024)€-1.75M(-26.2%)
MAIN EXPORTER (June 2024)Orense€656k

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 Papua New Guinea and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Papua New Guinea and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $5.7M to Papua New Guinea. The main products exported from Spain to Papua New Guinea were Pure Olive Oil ($2.07M), Large Iron Containers ($1.43M), and Nitrogen Heterocyclic Compounds ($476k). During the last 5 years the exports of Spain to Papua New Guinea have increased at an annualized rate of 13.6%, from $3.01M in 2017 to $5.7M in 2022.

In 2017, Papua New Guinea exported $81M to Spain. The main products exported from Papua New Guinea to Spain were Processed Fish ($77.1M), Non-fillet Frozen Fish ($2.51M), and Coffee ($744k). During the last 5 years the exports of Papua New Guinea to Spain have decreased at an annualized rate of 8.29%, from $125M in 2022 to $81M in 2017.

Exports from Spain (Flag) to Papua New Guinea (Flag) (2022)

Exports from Papua New Guinea (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Papua New Guinea
Top DestinationJapan$4.03B

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

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

In 2022, countries that imported more from Papua New Guinea than Spain included Chinese Taipei ($1.46B), Brunei ($321M), and Timor-Leste ($3.46M).

Difference in imports from Papua New Guinea (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Papua New Guinea

Flow
Scale

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

During 2022, Spain had a large net trade with Papua New Guinea in the exports of Animal and Vegetable Bi-Products ($2.08M), Metals ($1.43M), and Machines ($1.11M).

During 2017, Papua New Guinea had a large net trade with Spain in the exports of Foodstuffs ($77.1M), Animal Products ($2.51M), and Vegetable Products ($768k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Papua New Guinea+$340kExcavation Machinery
Top Product Potential Papua New Guinea Spain+$1.58MCoffee

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

Product Space of Spain (Flag) and Papua New Guinea (Flag) (2022)

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