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Pricing

2022
Flag → Flag
Exports $3.09BRnk 20 / 218
2022
Flag → Flag
Top Product $836MOther Sea Vessels
2022
Flag → Flag
Exports $4.74BRnk 19 / 138
2022
Flag → Flag
Top Product $3.11BCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH49.4%CURRENT US$
Rnk 62 / 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$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Spain-Saudi Arabia Trade: In 2022, Spain exported $3.09B to Saudi Arabia. The main products that Spain exported to Saudi Arabia were Other Sea Vessels ($836M), Unglazed Ceramics ($150M), and Other Edible Preparations ($82.8M). Over the past 5 years the exports of Spain to Saudi Arabia have increased at an annualized rate of 2.01%, from $2.8B in 2017 to $3.09B in 2022.

In 2022, Spain did not export any services to Saudi Arabia.

Saudi Arabia-Spain Trade: In 2022, Saudi Arabia exported $4.74B to Spain. The main products that Saudi Arabia exported to Spain were Crude Petroleum ($3.11B), Refined Petroleum ($676M), and Ethylene Polymers ($193M). Over the past 5 years the exports of Saudi Arabia to Spain have increased at an annualized rate of 3.7%,  from $3.95B in 2017 to $4.74B in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Latest Trends

June, 2024

About

Overview In June 2024, Spain exported €179M and imported €294M from Saudi Arabia, resulting in a negative trade balance of €115M. Between June 2023 and June 2024 the exports of Spain have decreased by €-215k (-0.12%) from €180M to €179M, while imports increased by €39.1M (15.3%) from €255M to €294M.

Trade In June 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 June 2024 the top imports of Spain from Saudi Arabia were Crude Petroleum (€259M), Ethylene Polymers (€10.9M), Acyclic Alcohols (€6.14M), Saturated Acyclic Monocarboxylic Acids (€4.01M), and Polyacetals (€3.6M).

Origins In June 2024 the exports of Spain were mainly from Madrid (€29.1M), Barcelona (€27.7M), Valencia (€11.7M), Vizcaya (€11.4M), and Huesca (€11M), while imports destinations were mainly Cádiz (€84.7M), Murcia (€84.5M), Barcelona (€50.8M), Asturias (€18.3M), and Valencia (€12.3M).

Growth In June 2024, the decrease in Spain's year-by-year exports to Saudi Arabia was explained primarily by an decrease in product exports in Forage Crops (€-6.69M or -84.4%), Cereal Straws (€-2.99M or -89.3%), and Unglazed Ceramics (€-2.49M or -23.9%). In June 2024, the increase in Spain's year-by-year imports  from Saudi Arabia was explained primarily by an increase in product imports  in Crude Petroleum (€64.6M or 33.3%), Other Nitrogen Compounds (€2.59M or 421%), and Motor-working Tools (€382k or 19.6k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (June 2023 - June 2024)€-215k(-0.12%)
IMPORT GROWTH (June 2023 - June 2024)€39.1M(15.3%)
MAIN EXPORTER (June 2024)Madrid€29.1M

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.

Explore Saudi Arabia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $3.09B to Saudi Arabia. The main products exported from Spain to Saudi Arabia were Other Sea Vessels ($836M), Unglazed Ceramics ($150M), and Other Edible Preparations ($82.8M). During the last 5 years the exports of Spain to Saudi Arabia have increased at an annualized rate of 2.01%, from $2.8B in 2017 to $3.09B in 2022.

In 2017, Saudi Arabia exported $4.74B to Spain. The main products exported from Saudi Arabia to Spain were Crude Petroleum ($3.11B), Refined Petroleum ($676M), and Ethylene Polymers ($193M). During the last 5 years the exports of Saudi Arabia to Spain have increased at an annualized rate of 3.7%, from $3.95B in 2022 to $4.74B in 2017.

Exports from Spain (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Saudi Arabia
Top DestinationChina$68B

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 2022, countries that imported more from Spain than Saudi Arabia included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from Saudi Arabia than Spain included China ($68B), India ($46.2B), and South Korea ($36B).

Difference in imports from Saudi Arabia (Flag) and Spain (Flag) (2022)

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 2022, Spain had a large net trade with Saudi Arabia in the exports of Transportation ($926M), Machines ($400M), and Chemical Products ($292M).

During 2017, Saudi Arabia had a large net trade with Spain in the exports of Mineral Products ($3.8B), Chemical Products ($425M), and Plastics and Rubbers ($416M).

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) (2022)

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