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Pricing

2022
Flag → Flag
Exports $167MRnk 92 / 218
2022
Flag → Flag
Top Product $18.9MBeer
2022
Flag → Flag
Exports $1.32BRnk 2 / 63
2022
Flag → Flag
Top Product $760MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$11.8BCURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP GROWTH-47.2%CURRENT US$
Rnk 184 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$7,053CURRENT US$
Rnk 90 / 186
2012-2022
Flag
GDP PC GROWTH-62.4%CURRENT US$
Rnk 186 / 186

About

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 0.84%, from $174M in 2017 to $167M in 2022.

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

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.

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

Latest Trends

September, 2024

About

Overview In September 2024, Spain exported €12.6M and imported €152M from Equatorial Guinea, resulting in a negative trade balance of €140M. Between September 2023 and September 2024 the exports of Spain have decreased by €-999k (-7.32%) from €13.6M to €12.6M, while imports increased by €62M (68.7%) from €90.3M to €152M.

Trade In September 2024, the top exports of Spain to Equatorial Guinea were Beer (€979k), Flavored Water (€732k), Baked Goods (€555k), Brooms (€393k), and Fruit Juice (€381k). In September 2024 the top imports of Spain from Equatorial Guinea were Acyclic Alcohols (€6.21M), Veneer Sheets (€391k), Scrap Aluminium (€55.9k), Scrap Copper (€8.14k), and Scrap Waste (€7.52k).

Origins In September 2024 the exports of Spain were mainly from Valencia (€2.99M), Murcia (€2.16M), Madrid (€1.92M), Barcelona (€965k), and Pontevedra (€456k), while imports destinations were mainly Castellón (€74.5M), Huelva (€52.2M), Cádiz (€21.5M), Valencia (€2.21M), and A Coruña (€1.67M).

Growth In September 2024, the decrease in Spain's year-by-year exports to Equatorial Guinea was explained primarily by an decrease in product exports in Beer (€-1.25M or -56.1%), Packaged Medicaments (€-326k or -80.9%), and Eggs (€-313k or -95.7%). In September 2024, the increase in Spain's year-by-year imports  from Equatorial Guinea was explained primarily by an increase in product imports  in Acyclic Alcohols (€3.85M or 163%) and Commodities not elsewhere specified (€24.7 or 247%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€-999k(-7.32%)
IMPORT GROWTH (September 2023 - September 2024)€62M(68.7%)
MAIN EXPORTER (September 2024)Valencia€2.99M

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 Equatorial Guinea and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Equatorial Guinea and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 0.84%, from $174M in 2017 to $167M in 2022.

In 2017, 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 2022 to $1.32B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Equatorial Guinea
Top DestinationZambia$1.84B

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

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

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

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

Comparative Advantage Spain - Equatorial Guinea

Flow
Scale

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

During 2022, Spain had a large net trade with Equatorial Guinea in the exports of Foodstuffs ($60.9M), Machines ($18.3M), and Chemical Products ($15.5M).

During 2017, Equatorial Guinea had a large net trade with Spain in the exports of Mineral Products ($1.27B), Chemical Products ($44M), and Metals ($2.31M).

Potential Exports

Potential Exports

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

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

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

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