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Pricing

2023
Flag → Flag
Exports $2.36BRnk 26 / 220
2023
Flag → Flag
Top Product $92.2MUnglazed Ceramics
2023
Flag → Flag
Exports $3.74BRnk 19 / 182
2023
Flag → Flag
Top Product $2.6BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 36 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH41.6%CURRENT US$
Rnk 90 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH17.6%CURRENT US$
Rnk 109 / 195

About

Spain-Saudi Arabia Trade: In 2023, Spain exported $2.36B to Saudi Arabia. The main products that Spain exported to Saudi Arabia were Unglazed Ceramics ($92.2M), Packaged Medicaments ($79.7M), and Malt Extract ($71.8M). Over the past 5 years the exports of Spain to Saudi Arabia have decreased at an annualized rate of 4.58%, from $2.98B in 2018 to $2.36B in 2023.

In 2023, Spain did not export any services to Saudi Arabia.

Saudi Arabia-Spain Trade: In 2023, Saudi Arabia exported $3.74B to Spain. The main products that Saudi Arabia exported to Spain were Crude Petroleum ($2.6B), Refined Petroleum ($357M), and Ethylene Polymers ($153M). Over the past 5 years the exports of Saudi Arabia to Spain have decreased at an annualized rate of 7.86%,  from $5.64B in 2018 to $3.74B in 2023.

In 2023, Saudi Arabia 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, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €193M and imported €206M from Saudi Arabia, resulting in a negative trade balance of €13.2M. Between November 2023 and November 2024 the exports of Spain have increased by €3.39M (1.79%) from €189M to €193M, while imports decreased by €-97.5M (-32.1%) from €303M to €206M.

Trade In November 2024, the top exports of Spain to Saudi Arabia were Unglazed Ceramics (€7.94M), Other Edible Preparations (€4.04M), Other Processed Vegetables (€4M), Non-Knit Women's Suits (€3.54M), and Valves (€3.42M). In November 2024 the top imports of Spain from Saudi Arabia were Crude Petroleum (€259M), Ethylene Polymers (€10.9M), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) (€6.14M), Saturated Acyclic Monocarboxylic Acids (€4.01M), and Polyacetals (€3.6M).

Origins In November 2024 the exports of Spain were mainly from Madrid (€31.2M), Barcelona (€28.9M), Vizcaya (€11M), Navarra (€10.3M), and Sevilla (€10M), while imports destinations were mainly Murcia (€88.1M), Cádiz (€57.5M), Barcelona (€26M), Tarragona (€6.65M), and Castellón (€5.26M).

Growth In November 2024, the increase in Spain's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Industrial Printers (€2.99M or 17.4k%), Delivery Trucks (€2.67M or 1.38k%), and Liquid Pumps (€2.48M or 439%). In November 2024, the decrease in Spain's year-by-year imports  from Saudi Arabia was explained primarily by an decrease in product imports  in Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) (€-9.53M or -60.8%), Commodities not elsewhere specified (€-8.96M or -100%), and Raw Plastic Sheeting (€-5.02M or -69.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€3.39M(1.79%)
IMPORT GROWTH (November 2023 - November 2024)€-97.5M(-32.1%)
MAIN EXPORTER (November 2024)Madrid€31.2M

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 Saudi Arabia and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $2.36B to Saudi Arabia. The main products exported from Spain to Saudi Arabia were Unglazed Ceramics ($92.2M), Packaged Medicaments ($79.7M), and Malt Extract ($71.8M). During the last 5 years the exports of Spain to Saudi Arabia have decreased at an annualized rate of 4.58%, from $2.98B in 2018 to $2.36B in 2023.

In 2018, Saudi Arabia exported $3.74B to Spain. The main products exported from Saudi Arabia to Spain were Crude Petroleum ($2.6B), Refined Petroleum ($357M), and Ethylene Polymers ($153M). During the last 5 years the exports of Saudi Arabia to Spain have decreased at an annualized rate of 7.86%, from $5.64B in 2023 to $3.74B in 2018.

Exports from Spain (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Saudi Arabia
Top DestinationChina$64.4B

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

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

In 2023, countries that imported more from Saudi Arabia than Spain included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - Saudi Arabia

Flow
Scale

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

During 2023, Spain had a large net trade with Saudi Arabia in the exports of Machines ($498M), Foodstuffs ($348M), and Chemical Products ($319M).

During 2018, Saudi Arabia had a large net trade with Spain in the exports of Mineral Products ($2.97B), Chemical Products ($345M), and Plastics and Rubbers ($296M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Saudi Arabia+$51.3MPackaged Medicaments
Top Product Potential Saudi Arabia Spain+$866MCrude 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 Saudi Arabia. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Saudi Arabia (Flag) (2023)

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