2023
Flag  
GDP
$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH
18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP
$1.13BCURRENT US$
Rnk 184 / 195
2013-2023
Flag
GDP GROWTH
48.5%CURRENT US$
Rnk 77 / 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
$3,515CURRENT US$
Rnk 138 / 196
2013-2023
Flag
GDP PC GROWTH
18%CURRENT US$
Rnk 108 / 195

About

Spain-Vanuatu Trade: In 2023, Spain exported $461k to Vanuatu. The main products that Spain exported to Vanuatu were Perfumes ($233k), Liquid Pumps ($92.5k), and Packaged Medicaments ($75.6k). Over the past 5 years the exports of Spain to Vanuatu have decreased at an annualized rate of 7.5%, from $681k in 2018 to $461k in 2023.

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

Vanuatu-Spain Trade: In 2023, Vanuatu exported $1.32M to Spain. The main products that Vanuatu exported to Spain were Perfume Plants ($1.32M), Leather Footwear ($636), and Textile Footwear ($259). Over the past 5 years the exports of Vanuatu to Spain have increased at an annualized rate of 49.5%,  from $79.5k in 2018 to $1.32M in 2023.

In 2023, Vanuatu 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, Vanuatu ranked 187 in total exports ($198M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $461k to Vanuatu. The main products exported from Spain to Vanuatu were Perfumes ($233k), Liquid Pumps ($92.5k), and Packaged Medicaments ($75.6k). During the last 5 years the exports of Spain to Vanuatu have decreased at an annualized rate of 7.5%, from $681k in 2018 to $461k in 2023.

In 2018, Vanuatu exported $1.32M to Spain. The main products exported from Vanuatu to Spain were Perfume Plants ($1.32M), Leather Footwear ($636), and Textile Footwear ($259). During the last 5 years the exports of Vanuatu to Spain have increased at an annualized rate of 49.5%, from $79.5k in 2023 to $1.32M in 2018.

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

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

Market Competitiveness

Color
Spain
Top Destination
France$61.9B
Vanuatu
Top Destination
Thailand$96M

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

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

In 2023, countries that imported more from Vanuatu than Spain included Fiji ($5.75M).

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

Comparative Advantage Spain - Vanuatu

Flow
Scale

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

During 2023, Spain had a large net trade with Vanuatu in the exports of Chemical Products ($310k), Machines ($145k), and Paper Goods ($4.44k).

During 2018, Vanuatu had a large net trade with Spain in the exports of Vegetable Products ($1.32M), Footwear and Headwear ($895), and Textiles ($318).

Economic Complexity

Competitive Landscape

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

Product Space of Spain (Flag) and Vanuatu (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