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2022
Flag → Flag
Exports $47.2MRnk 129 / 218
2022
Flag → Flag
Top Product $4.46MDelivery Trucks
2022
Flag → Flag
Exports $166MRnk 12 / 118
2022
Flag → Flag
Top Product $95MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.99Rnk 112 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$21.1BCURRENT US$
Rnk 113 / 186
2012-2022
Flag
GDP GROWTH22.7%CURRENT US$
Rnk 114 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$8,820CURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP PC GROWTH-5.65%CURRENT US$
Rnk 156 / 186

About

Spain-Gabon Trade: In 2022, Spain exported $47.2M to Gabon. The main products that Spain exported to Gabon were Delivery Trucks ($4.46M), Unglazed Ceramics ($3.32M), and Refined Petroleum ($3.3M). Over the past 5 years the exports of Spain to Gabon have decreased at an annualized rate of 1.43%, from $50.7M in 2017 to $47.2M in 2022.

In 2022, Spain did not export any services to Gabon.

Gabon-Spain Trade: In 2022, Gabon exported $166M to Spain. The main products that Gabon exported to Spain were Crude Petroleum ($95M), Palm Oil ($31.7M), and Manganese Ore ($15M). Over the past 5 years the exports of Gabon to Spain have increased at an annualized rate of 0.58%,  from $162M in 2017 to $166M in 2022.

In 2022, Gabon did not export any services to Spain.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Gabon ranked 112 in the Economic Complexity Index (ECI -0.99), and 112 in total exports ($7.88B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €3.65M and imported €18.7M from Gabon, resulting in a negative trade balance of €15.1M. Between August 2023 and August 2024 the exports of Spain have decreased by €-33.7M (-90.2%) from €37.4M to €3.65M, while imports increased by €17.3M (1.22k%) from €1.43M to €18.7M.

Trade In August 2024, the top exports of Spain to Gabon were Baked Goods (€544k), Flavored Water (€354k), Unglazed Ceramics (€300k), Wine (€298k), and Poultry Meat (€271k). In August 2024 the top imports of Spain from Gabon were Coconut Oil (€1.18M), Palm Oil (€1.04M), Sawn Wood (€218k), Veneer Sheets (€211k), and Plywood (€33.4k).

Origins In August 2024 the exports of Spain were mainly from Valencia (€637k), Madrid (€603k), Barcelona (€506k), Valladolid (€396k), and Castellón (€337k), while imports destinations were mainly Barcelona (€11M), Huelva (€3.93M), Cantabria (Santander) (€3.35M), Valencia (€408k), and A Coruña (€37.5k).

Growth In August 2024, the decrease in Spain's year-by-year exports to Gabon was explained primarily by an decrease in product exports in Unglazed Ceramics (€-192k or -39%), Gaskets (€-151k or -95.4%), and Scented Mixtures (€-73.3k or -49.2%). In August 2024, the increase in Spain's year-by-year imports  from Gabon was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€-33.7M(-90.2%)
IMPORT GROWTH (August 2023 - August 2024)€17.3M(1.22k%)
MAIN EXPORTER (August 2024)Valencia€637k

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 Gabon and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Gabon and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $47.2M to Gabon. The main products exported from Spain to Gabon were Delivery Trucks ($4.46M), Unglazed Ceramics ($3.32M), and Refined Petroleum ($3.3M). During the last 5 years the exports of Spain to Gabon have decreased at an annualized rate of 1.43%, from $50.7M in 2017 to $47.2M in 2022.

In 2017, Gabon exported $166M to Spain. The main products exported from Gabon to Spain were Crude Petroleum ($95M), Palm Oil ($31.7M), and Manganese Ore ($15M). During the last 5 years the exports of Gabon to Spain have increased at an annualized rate of 0.58%, from $162M in 2022 to $166M in 2017.

Exports from Spain (Flag) to Gabon (Flag) (2022)

Exports from Gabon (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Gabon
Top DestinationChina$3.4B

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

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

In 2022, no countries were registered that imported more from Gabon than from Spain.

Difference in imports from Gabon (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Gabon

Flow
Scale

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

During 2022, Spain had a large net trade with Gabon in the exports of Machines ($8.05M), Foodstuffs ($6.53M), and Chemical Products ($5.35M).

During 2017, Gabon had a large net trade with Spain in the exports of Mineral Products ($110M), Animal and Vegetable Bi-Products ($43.7M), and Wood Products ($9.46M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Gabon+$1.94MRefined Petroleum
Top Product Potential Gabon Spain+$84MCrude 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 Gabon. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Gabon. Similarly, a dot/product with the flag of Gabon indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and Gabon (Flag) (2022)

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