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2022
Flag → Flag
Exports $693MRnk 58 / 218
2022
Flag → Flag
Top Product $312MRefined Petroleum
2022
Flag → Flag
Exports $228MRnk 7 / 160
2022
Flag → Flag
Top Product $40.6MNiobium, Tantalum, Vanadium and Zirconium Ore
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.5Rnk 85 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
Flag
GDP GROWTH56.8%CURRENT US$
Rnk 44 / 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$1,599CURRENT US$
Rnk 154 / 186
2012-2022
Flag
GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 186

About

Spain-Senegal Trade: In 2022, Spain exported $693M to Senegal. The main products that Spain exported to Senegal were Refined Petroleum ($312M), Planes, Helicopters, and/or Spacecraft ($62.3M), and Unglazed Ceramics ($23.7M). Over the past 5 years the exports of Spain to Senegal have increased at an annualized rate of 11.2%, from $408M in 2017 to $693M in 2022.

In 2022, Spain did not export any services to Senegal.

Senegal-Spain Trade: In 2022, Senegal exported $228M to Spain. The main products that Senegal exported to Spain were Niobium, Tantalum, Vanadium and Zirconium Ore ($40.6M), Processed Crustaceans ($30.9M), and Crustaceans ($29.8M). Over the past 5 years the exports of Senegal to Spain have increased at an annualized rate of 9.45%,  from $145M in 2017 to $228M in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €23.4M and imported €87.3M from Senegal, resulting in a negative trade balance of €63.9M. Between August 2023 and August 2024 the exports of Spain have decreased by €-5.31M (-18.5%) from €28.7M to €23.4M, while imports increased by €75M (612%) from €12.3M to €87.3M.

Trade In August 2024, the top exports of Spain to Senegal were Refined Petroleum (€7.69M), Unglazed Ceramics (€1.94M), Tractors (€1.61M), Paper Containers (€1.16M), and Flavored Water (€995k). In August 2024 the top imports of Spain from Senegal were Niobium, Tantalum, Vanadium and Zirconium Ore (€4.61M), Non-fillet Frozen Fish (€972k), Molluscs (€902k), Crustaceans (€710k), and Fake Hair (€666k).

Origins In August 2024 the exports of Spain were mainly from Barcelona (€6.83M), Valencia (€2.02M), Castellón (€1.7M), Murcia (€1.32M), and Madrid (€1.23M), while imports destinations were mainly Murcia (€74.1M), Pontevedra (€2.69M), Castellón (€2.31M), Valencia (€1.83M), and A Coruña (€1.76M).

Growth In August 2024, the decrease in Spain's year-by-year exports to Senegal was explained primarily by an decrease in product exports in Iron Structures (€-3.84M or -96.9%), Other Aluminium Products (€-1.02M or -99.7%), and Insulated Wire (€-802k or -95.4%). In August 2024, the increase in Spain's year-by-year imports  from Senegal was explained primarily by an increase in product imports  in Niobium, Tantalum, Vanadium and Zirconium Ore (€3.28M or 246%), Fake Hair (€197k or 42.2%), and Other Vegetables (€174k or 208%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-5.31M(-18.5%)
IMPORT GROWTH (August 2023 - August 2024)€75M(612%)
MAIN EXPORTER (August 2024)Barcelona€6.83M

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 Senegal and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Senegal and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $693M to Senegal. The main products exported from Spain to Senegal were Refined Petroleum ($312M), Planes, Helicopters, and/or Spacecraft ($62.3M), and Unglazed Ceramics ($23.7M). During the last 5 years the exports of Spain to Senegal have increased at an annualized rate of 11.2%, from $408M in 2017 to $693M in 2022.

In 2017, Senegal exported $228M to Spain. The main products exported from Senegal to Spain were Niobium, Tantalum, Vanadium and Zirconium Ore ($40.6M), Processed Crustaceans ($30.9M), and Crustaceans ($29.8M). During the last 5 years the exports of Senegal to Spain have increased at an annualized rate of 9.45%, from $145M in 2022 to $228M in 2017.

Exports from Spain (Flag) to Senegal (Flag) (2022)

Exports from Senegal (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Senegal
Top DestinationMali$1.13B

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

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

In 2022, countries that imported more from Senegal than Spain included Mali ($1.13B), Gambia ($177M), and Guinea-Bissau ($88.4M).

Difference in imports from Senegal (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Senegal

Flow
Scale

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

During 2022, Spain had a large net trade with Senegal in the exports of Mineral Products ($340M), Transportation ($79.3M), and Machines ($58.1M).

During 2017, Senegal had a large net trade with Spain in the exports of Animal Products ($69.8M), Mineral Products ($65.9M), and Foodstuffs ($49.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Senegal+$6.15MCars
Top Product Potential Senegal Spain+$12MMolluscs

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

Product Space of Spain (Flag) and Senegal (Flag) (2022)

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