2023
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GDP
$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH
18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP
$381BCURRENT US$
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2013-2023
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GDP GROWTH
-5.04%CURRENT US$
Rnk 177 / 195
2023
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GDP PC 
$33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH
14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC
$6,023CURRENT US$
Rnk 113 / 196
2013-2023
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GDP PC GROWTH
-17.9%CURRENT US$
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About

Spain-South Africa Trade: In 2023, Spain exported $1.58B to South Africa. The main products that Spain exported to South Africa were Cars ($252M), Refined Petroleum ($72M), and Motor vehicles; parts and accessories (8701 to 8705) ($67.1M). Over the past 5 years the exports of Spain to South Africa have increased at an annualized rate of 5.29%, from $1.22B in 2018 to $1.58B in 2023.

In 2009, Spain exported services to South Africa worth $93.6M, with Services not allocated ($93.6M) being the largest in terms of value.

South Africa-Spain Trade: In 2023, South Africa exported $1.62B to Spain. The main products that South Africa exported to Spain were Delivery Trucks ($273M), Cars ($265M), and Coal Briquettes ($138M). Over the past 5 years the exports of South Africa to Spain have increased at an annualized rate of 2.34%,  from $1.44B in 2018 to $1.62B in 2023.

In 2023, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.07), and 34 in total exports ($154B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $1.58B to South Africa. The main products exported from Spain to South Africa were Cars ($252M), Refined Petroleum ($72M), and Motor vehicles; parts and accessories (8701 to 8705) ($67.1M). During the last 5 years the exports of Spain to South Africa have increased at an annualized rate of 5.29%, from $1.22B in 2018 to $1.58B in 2023.

In 2018, South Africa exported $1.62B to Spain. The main products exported from South Africa to Spain were Delivery Trucks ($273M), Cars ($265M), and Coal Briquettes ($138M). During the last 5 years the exports of South Africa to Spain have increased at an annualized rate of 2.34%, from $1.44B in 2023 to $1.62B in 2018.

Exports from Spain (Flag) to South Africa (Flag) (2023)

Exports from South Africa (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top Destination
France$61.9B
South Africa
Top Destination
China$29.5B

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

In 2023, countries that imported more from Spain than South Africa included France ($61.9B), Portugal ($38.1B), and Italy ($34.7B).

In 2023, countries that imported more from South Africa than Spain included China ($29.5B), India ($10.8B), and Mozambique ($6.13B).

Difference in imports from South Africa (Flag) and Spain (Flag) (2023)

Comparative Advantage Spain - South Africa

Flow
Scale

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

During 2023, Spain had a large net trade with South Africa in the exports of Transportation ($359M), Chemical Products ($354M), and Machines ($248M).

During 2018, South Africa had a large net trade with Spain in the exports of Transportation ($570M), Mineral Products ($241M), and Metals ($173M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain South Africa+$95.4MCars
Top Product Potential South Africa Spain+$124MCars

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

Product Space of Spain (Flag) and South Africa (Flag) (2023)

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