Equatorial Guinea (GNQ) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Equatorial Guinea-Spain Trade: In 2022, Equatorial Guinea exported $1.32B to Spain. The main products that Equatorial Guinea exported to Spain were Crude Petroleum ($760M), Petroleum Gas ($509M), and Acyclic Alcohols ($44M). Over the past 5 years the exports of Equatorial Guinea to Spain have increased at an annualized rate of 42.5%, from $224M in 2017 to $1.32B in 2022.

In 2022, Equatorial Guinea did not export any services to Spain.

Spain-Equatorial Guinea Trade: In 2022, Spain exported $167M to Equatorial Guinea. The main products that Spain exported to Equatorial Guinea were Beer ($18.9M), Flavored Water ($8.56M), and Wine ($6.46M). Over the past 5 years the exports of Spain to Equatorial Guinea have decreased at an annualized rate of 0.26%, from $174M in 2017 to $167M in 2022.

In 2022, Spain did not export any services to Equatorial Guinea.

Comparison In 2022, Equatorial Guinea ranked 108 in total exports ($8.63B), and does not have data regarding Economic Complexity Index. That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Equatorial Guinea exported $1.32B to Spain. The main products exported from Equatorial Guinea to Spain were Crude Petroleum ($760M), Petroleum Gas ($509M), and Acyclic Alcohols ($44M). During the last 5 years the exports of Equatorial Guinea to Spain have increased at an annualized rate of 42.5%, from $224M in 2017 to $1.32B in 2022.

In 2017, Spain exported $167M to Equatorial Guinea. The main products exported from Spain to Equatorial Guinea were Beer ($18.9M), Flavored Water ($8.56M), and Wine ($6.46M). During the last 5 years the exports of Spain to Equatorial Guinea have decreased at an annualized rate of 0.26%, from $174M in 2022 to $167M in 2017.

Exports from Equatorial Guinea () to Spain () (2022)

Exports from Spain () to Equatorial Guinea () (2022)

Latest Data

Trade between Equatorial Guinea () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Equatorial Guinea
Top DestinationZambia$1.84B

Spain
Top DestinationFrance$65.2B

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 2022, countries that imported more from Equatorial Guinea than Spain included Zambia ($1.84B).

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

Difference in imports from Spain () and Equatorial Guinea () (2022)

Comparative Advantage Equatorial Guinea - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Equatorial Guinea had a large net trade with Spain in the exports of Mineral Products ($1.27B), Chemical Products ($44M), and Metals ($2.31M).

During 2017, Spain had a large net trade with Equatorial Guinea in the exports of Foodstuffs ($60.9M), Machines ($18.3M), and Chemical Products ($15.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Equatorial Guinea () to Spain () (2022)

Exports from Spain () to Equatorial Guinea () (2022)

Latest Data

Trade between Equatorial Guinea () and Spain ()

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Equatorial Guinea () (2022)

Comparative Advantage Equatorial Guinea - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Equatorial Guinea () and Spain () (2022)

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