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2023
Flag → Flag
Exports $89.5MRnk 117 / 220
2023
Flag → Flag
Top Product $24.5MPoultry Meat
2023
Flag → Flag
Exports $2.07MRnk 36 / 120
2023
Flag → Flag
Top Product $653kRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 83 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
 GDP$19.7BCURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP GROWTH57.2%CURRENT US$
Rnk 59 / 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$1,394CURRENT US$
Rnk 168 / 196
2013-2023
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GDP PC GROWTH19.3%CURRENT US$
Rnk 104 / 195

About

Spain-Benin Trade: In 2023, Spain exported $89.5M to Benin. The main products that Spain exported to Benin were Poultry Meat ($24.5M), Refined Petroleum ($9.47M), and Planes, Helicopters, and/or Spacecraft ($5.51M). Over the past 5 years the exports of Spain to Benin have increased at an annualized rate of 6.8%, from $64.4M in 2018 to $89.5M in 2023.

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

Benin-Spain Trade: In 2023, Benin exported $2.07M to Spain. The main products that Benin exported to Spain were Refined Petroleum ($653k), Copper Wire ($384k), and Scrap Copper ($320k). Over the past 5 years the exports of Benin to Spain have increased at an annualized rate of 21.1%,  from $794k in 2018 to $2.07M in 2023.

In 2023, Benin 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, Benin ranked 83 in the Economic Complexity Index (ECI -0.43), and 146 in total exports ($1.93B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €3.5M and imported €399k from Benin, resulting in a positive trade balance of €3.1M. Between November 2023 and November 2024 the exports of Spain have decreased by €-337k (-8.77%) from €3.84M to €3.5M, while imports increased by €397k (22.8k%) from €1.74k to €399k.

Trade In November 2024, the top exports of Spain to Benin were Planes, Helicopters, and/or Spacecraft (€5.1M), Poultry Meat (€2.08M), Unglazed Ceramics (€577k), Light Fixtures (€400k), and Wine (€161k). In November 2024 the top imports of Spain from Benin were Preserved Vegetables (€14.1k) and Commodities not elsewhere specified (€10).

Origins In November 2024 the exports of Spain were mainly from Girona (€601k), Sevilla (€479k), Almería (€307k), Castellón (€295k), and Tarragona (€260k), while imports destinations were mainly Valencia (€396k), Madrid (€1.77k), Tarragona (€609), Navarra (€300), and Alicante (€113).

Growth In November 2024, the decrease in Spain's year-by-year exports to Benin was explained primarily by an decrease in product exports in Poultry Meat (€-155k or -6.92%), Centrifuges (€-97.4k or -59.9%), and Plastic Pipes (€-36.7k or -98.7%). In November 2024, the increase in Spain's year-by-year imports  from Benin was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-337k(-8.77%)
IMPORT GROWTH (November 2023 - November 2024)€397k(22.8k%)
MAIN EXPORTER (November 2024)Girona€601k

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 Benin and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Benin and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $89.5M to Benin. The main products exported from Spain to Benin were Poultry Meat ($24.5M), Refined Petroleum ($9.47M), and Planes, Helicopters, and/or Spacecraft ($5.51M). During the last 5 years the exports of Spain to Benin have increased at an annualized rate of 6.8%, from $64.4M in 2018 to $89.5M in 2023.

In 2018, Benin exported $2.07M to Spain. The main products exported from Benin to Spain were Refined Petroleum ($653k), Copper Wire ($384k), and Scrap Copper ($320k). During the last 5 years the exports of Benin to Spain have increased at an annualized rate of 21.1%, from $794k in 2023 to $2.07M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Benin
Top DestinationUnited Arab Emirates$803M

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

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

In 2023, countries that imported more from Benin than Spain included Bangladesh ($391M), Chad ($36.7M), and Niger ($15.4M).

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

Comparative Advantage Spain - Benin

Flow
Scale

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

During 2023, Spain had a large net trade with Benin in the exports of Animal Products ($26.1M), Mineral Products ($10.9M), and Machines ($10.2M).

During 2018, Benin had a large net trade with Spain in the exports of Metals ($710k), Mineral Products ($653k), and Vegetable Products ($415k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Benin+$7.71MRefined Petroleum
Top Product Potential Benin Spain+$716kRefined 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.

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Economic Complexity

Competitive Landscape

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

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

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