Gabon (GAB) and Spain (ESP) Trade | The Observatory of Economic Complexity

About

Gabon-Spain Trade: In 2023, Gabon exported $739M to Spain. The main products that Gabon exported to Spain were Special Purpose Ships ($586M), Crude Petroleum ($79.4M), and Palm Oil ($26.9M). Over the past 5 years the exports of Gabon to Spain have increased at an annualized rate of 4.1%, from $605M in 2018 to $739M in 2023.

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

Spain-Gabon Trade: In 2023, Spain exported $105M to Gabon. The main products that Spain exported to Gabon were Planes, Helicopters, and/or Spacecraft ($36.7M), Refined Petroleum ($5.17M), and Packaged Medicaments ($4.39M). Over the past 5 years the exports of Spain to Gabon have increased at an annualized rate of 11.8%, from $60.4M in 2018 to $105M in 2023.

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

Comparison: In 2023, Gabon ranked 92 in the Economic Complexity Index (ECI -0.62), and 102 in total exports ($10.6B). That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Gabon exported $739M to Spain. The main products exported from Gabon to Spain were Special Purpose Ships ($586M), Crude Petroleum ($79.4M), and Palm Oil ($26.9M). During the last 5 years the exports of Gabon to Spain have increased at an annualized rate of 4.1%, from $605M in 2018 to $739M in 2023.

In 2018, Spain exported $105M to Gabon. The main products exported from Spain to Gabon were Planes, Helicopters, and/or Spacecraft ($36.7M), Refined Petroleum ($5.17M), and Packaged Medicaments ($4.39M). During the last 5 years the exports of Spain to Gabon have increased at an annualized rate of 11.8%, from $60.4M in 2023 to $105M in 2018.

Exports from Gabon () to Spain () (2023)

Exports from Spain () to Gabon () (2023)

Latest Data

Trade between Gabon () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Gabon
Top DestinationChina$2.77B

Spain
Top DestinationFrance$61.9B

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

In 2023, countries that imported more from Gabon than Spain included Republic of the Congo ($574M), Indonesia ($875M), and Marshall Islands ($72.9M).

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

Difference in imports from Spain () and Gabon () (2023)

Comparative Advantage Gabon - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Gabon had a large net trade with Spain in the exports of Transportation ($612M), Mineral Products ($81.8M), and Animal and Vegetable Bi-Products ($34.9M).

During 2018, Spain had a large net trade with Gabon in the exports of Transportation ($37.9M), Machines ($16.2M), and Chemical Products ($9.27M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Gabon Spain+$84MCrude Petroleum

Top Product Potential Spain Gabon+$1.94MRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Gabon () to Spain () (2023)

Exports from Spain () to Gabon () (2023)

Latest Data

Trade between Gabon () and Spain ()

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Gabon () (2023)

Comparative Advantage Gabon - Spain

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Gabon () and Spain () (2023)

Keep Exploring