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2023
Flag → Flag
Exports $531MRnk 3 / 76
2023
Flag → Flag
Top Product $394MCrude Petroleum
2023
Flag → Flag
Exports $166MRnk 95 / 220
2023
Flag → Flag
Top Product $14.6MBeer
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$12.3BCURRENT US$
Rnk 146 / 195
2013-2023
Flag
GDP GROWTH-43.8%CURRENT US$
Rnk 195 / 195
2023
Flag
 GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
GDP PC $6,678CURRENT US$
Rnk 108 / 195
2013-2023
Flag
GDP PC GROWTH-59%CURRENT US$
Rnk 195 / 195
2023
Flag
GDP PC$33,509CURRENT US$
Rnk 40 / 196
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195

About

Equatorial Guinea-Spain Trade: In 2023, Equatorial Guinea exported $531M to Spain. The main products that Equatorial Guinea exported to Spain were Crude Petroleum ($394M), Petroleum Gas ($89.1M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($43.5M). Over the past 5 years the exports of Equatorial Guinea to Spain have increased at an annualized rate of 1.68%, from $488M in 2018 to $531M in 2023.

In 2023, Equatorial Guinea did not export any services to Spain.

Spain-Equatorial Guinea Trade: In 2023, Spain exported $166M to Equatorial Guinea. The main products that Spain exported to Equatorial Guinea were Beer ($14.6M), Flavored Water ($10.8M), and Wine ($6.66M). Over the past 5 years the exports of Spain to Equatorial Guinea have decreased at an annualized rate of 4.26%,  from $206M in 2018 to $166M in 2023.

In 2023, Spain did not export any services to Equatorial Guinea.

Comparison In 2023,  Equatorial Guinea ranked 127 in total exports ($5.13B), and does not have data regarding Economic Complexity Index. 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
Value

In 2023, Equatorial Guinea exported $531M to Spain. The main products exported from Equatorial Guinea to Spain were Crude Petroleum ($394M), Petroleum Gas ($89.1M), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($43.5M). During the last 5 years the exports of Equatorial Guinea to Spain have increased at an annualized rate of 1.68%, from $488M in 2018 to $531M in 2023.

In 2018, Spain exported $166M to Equatorial Guinea. The main products exported from Spain to Equatorial Guinea were Beer ($14.6M), Flavored Water ($10.8M), and Wine ($6.66M). During the last 5 years the exports of Spain to Equatorial Guinea have decreased at an annualized rate of 4.26%, from $206M in 2023 to $166M in 2018.

Exports from Equatorial Guinea (Flag) to Spain (Flag) (2023)

Exports from Spain (Flag) to Equatorial Guinea (Flag) (2023)

Latest Data

Trade between Equatorial Guinea (Flag) and Spain (Flag)

Spain Exports

Market Competitiveness

Color
Equatorial Guinea
Top DestinationChina$1.37B
Spain
Top DestinationFrance$61.9B

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

In 2023, no countries were registered that imported more from Equatorial Guinea than from Spain.

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

Difference in imports from Spain (Flag) and Equatorial Guinea (Flag) (2023)

Comparative Advantage Equatorial Guinea - Spain

Flow
Scale

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

During 2023, Equatorial Guinea had a large net trade with Spain in the exports of Mineral Products ($483M), Chemical Products ($43.5M), and Metals ($1.9M).

During 2018, Spain had a large net trade with Equatorial Guinea in the exports of Foodstuffs ($61.9M), Chemical Products ($19.4M), and Machines ($17.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Equatorial Guinea Spain+$170MPetroleum Gas
Top Product Potential Spain Equatorial Guinea+$1.63MCars

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

Product Space of Equatorial Guinea (Flag) and Spain (Flag) (2023)

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