NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $223MRnk 86 / 220
2023
Flag → Flag
Top Product $64.6MRefined Petroleum
2023
Flag → Flag
Exports $2.65BRnk 4 / 157
2023
Flag → Flag
Top Product $2.27BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -1.23Rnk 120 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$84.8BCURRENT US$
Rnk 73 / 195
2013-2023
Flag
GDP GROWTH-35.9%CURRENT US$
Rnk 193 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
Flag
GDP PC$2,308CURRENT US$
Rnk 151 / 196
2013-2023
Flag
GDP PC GROWTH-54.4%CURRENT US$
Rnk 194 / 195

About

Spain-Angola Trade: In 2023, Spain exported $223M to Angola. The main products that Spain exported to Angola were Refined Petroleum ($64.6M), Cellulose Fibers Paper ($6.58M), and Aircraft parts (gliders, balloons, and powered aircraft) ($6.37M). Over the past 5 years the exports of Spain to Angola have increased at an annualized rate of 9.04%, from $145M in 2018 to $223M in 2023.

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

Angola-Spain Trade: In 2023, Angola exported $2.65B to Spain. The main products that Angola exported to Spain were Crude Petroleum ($2.27B), Special Purpose Ships ($243M), and Petroleum Gas ($68.4M). Over the past 5 years the exports of Angola to Spain have increased at an annualized rate of 10.9%,  from $1.42B in 2018 to $2.65B in 2023.

In 2023, Angola 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, Angola ranked 120 in the Economic Complexity Index (ECI -1.23), and 62 in total exports ($42.6B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €7.28M and imported €124M from Angola, resulting in a negative trade balance of €117M. Between November 2023 and November 2024 the exports of Spain have decreased by €-8.35M (-53.4%) from €15.6M to €7.28M, while imports decreased by €-135M (-52.1%) from €260M to €124M.

Trade In November 2024, the top exports of Spain to Angola were Commodities not elsewhere specified (€1.35M), Other Paper Machinery (€834k), Telephones (€459k), Jams (€310k), and Electric Generating Sets (€293k). In November 2024 the top imports of Spain from Angola were Crude Petroleum (€157M), Granite (€824k), Other Fruits (€20.3k), Building Stone (€13.5k), and Raw Cotton (€2.5k).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€1.98M), Madrid (€1.81M), Vizcaya (€1M), Valencia (€363k), and Álava (€224k), while imports destinations were mainly Huelva (€75.4M), A Coruña (€45.4M), Lugo (€2.52M), Vizcaya (€743k), and Pontevedra (€163k).

Growth In November 2024, the decrease in Spain's year-by-year exports to Angola was explained primarily by an decrease in product exports in Electrical Transformers (€-128k or -98.5%), Detonating Fuses (€-128k or -67.4%), and Other Furniture (€-117k or -99.5%). In November 2024, the decrease in Spain's year-by-year imports  from Angola was explained primarily by an decrease in product imports  in Building Stone (€-39.2k or -74.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-8.35M(-53.4%)
IMPORT GROWTH (November 2023 - November 2024)€-135M(-52.1%)
MAIN EXPORTER (November 2024)Barcelona€1.98M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Angola and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Angola and Spain Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $223M to Angola. The main products exported from Spain to Angola were Refined Petroleum ($64.6M), Cellulose Fibers Paper ($6.58M), and Aircraft parts (gliders, balloons, and powered aircraft) ($6.37M). During the last 5 years the exports of Spain to Angola have increased at an annualized rate of 9.04%, from $145M in 2018 to $223M in 2023.

In 2018, Angola exported $2.65B to Spain. The main products exported from Angola to Spain were Crude Petroleum ($2.27B), Special Purpose Ships ($243M), and Petroleum Gas ($68.4M). During the last 5 years the exports of Angola to Spain have increased at an annualized rate of 10.9%, from $1.42B in 2023 to $2.65B in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Angola
Top DestinationChina$17.1B

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

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

In 2023, countries that imported more from Angola than Spain included China ($17.1B), Republic of the Congo ($1.24B), and India ($3.87B).

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

Comparative Advantage Spain - Angola

Flow
Scale

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

During 2023, Spain had a large net trade with Angola in the exports of Mineral Products ($66.1M), Machines ($49.4M), and Chemical Products ($19.8M).

During 2018, Angola had a large net trade with Spain in the exports of Mineral Products ($2.34B), Transportation ($283M), and Animal Products ($18M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Angola+$3.54MRefined Petroleum
Top Product Potential Angola Spain+$536MCrude 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

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

Product Space of Spain (Flag) and Angola (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms