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Pricing

2022
Flag → Flag
Exports $542MRnk 65 / 218
2022
Flag → Flag
Top Product $30.5MVaccines, blood, antisera, toxins and cultures
2022
Flag → Flag
Exports $2.82BRnk 19 / 216
2022
Flag → Flag
Top Product $648MPalm Oil
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
Flag
GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$4,788CURRENT US$
Rnk 114 / 186
2012-2022
Flag
GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Spain-Indonesia Trade: In 2022, Spain exported $542M to Indonesia. The main products that Spain exported to Indonesia were Vaccines, blood, antisera, toxins and cultures ($30.5M), Recovered Paper ($26.2M), and Prepared Pigments ($16.6M). Over the past 5 years the exports of Spain to Indonesia have decreased at an annualized rate of 1.05%, from $571M in 2017 to $542M in 2022.

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

Indonesia-Spain Trade: In 2022, Indonesia exported $2.82B to Spain. The main products that Indonesia exported to Spain were Palm Oil ($648M), Copper Ore ($362M), and Stearic Acid ($190M). Over the past 5 years the exports of Indonesia to Spain have increased at an annualized rate of 3.98%,  from $2.32B in 2017 to $2.82B in 2022.

In 2022, Indonesia 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, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Latest Trends

September, 2024

About

Overview In September 2024, Spain exported €36.2M and imported €284M from Indonesia, resulting in a negative trade balance of €248M. Between September 2023 and September 2024 the exports of Spain have decreased by €-32.7M (-47.4%) from €68.9M to €36.2M, while imports increased by €80.6M (39.6%) from €204M to €284M.

Trade In September 2024, the top exports of Spain to Indonesia were Tractors (€3.18M), Washing and Bottling Machines (€1.49M), Recovered Paper (€1.43M), Packaged Medicaments (€1.42M), and Pesticides (€1.33M). In September 2024 the top imports of Spain from Indonesia were Palm Oil (€94.3M), Copper Ore (€56.3M), Processed Fish (€18.7M), Hot-Rolled Iron (€13.5M), and Industrial Fatty Acids, Oils and Alcohols (€12.8M).

Origins In September 2024 the exports of Spain were mainly from Barcelona (€8.95M), Madrid (€5.26M), Asturias (€5.05M), Vizcaya (€2.5M), and Sin provincia asignada (€2.2M), while imports destinations were mainly Huelva (€107M), Barcelona (€56.5M), Madrid (€14.4M), Zaragoza (€13.4M), and Vizcaya (€11.4M).

Growth In September 2024, the decrease in Spain's year-by-year exports to Indonesia was explained primarily by an decrease in product exports in Prepared Pigments (€-973k or -48%), Non-fillet Frozen Fish (€-676k or -64.4%), and Non-Knit Women's Suits (€-609k or -35.4%). In September 2024, the increase in Spain's year-by-year imports  from Indonesia was explained primarily by an increase in product imports  in Palm Oil (€44.5M or 89.3%), Processed Fish (€10.3M or 122%), and Fat and Oil Residues (€4.32M or 80%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€-32.7M(-47.4%)
IMPORT GROWTH (September 2023 - September 2024)€80.6M(39.6%)
MAIN EXPORTER (September 2024)Barcelona€8.95M

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 Indonesia and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Indonesia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $542M to Indonesia. The main products exported from Spain to Indonesia were Vaccines, blood, antisera, toxins and cultures ($30.5M), Recovered Paper ($26.2M), and Prepared Pigments ($16.6M). During the last 5 years the exports of Spain to Indonesia have decreased at an annualized rate of 1.05%, from $571M in 2017 to $542M in 2022.

In 2017, Indonesia exported $2.82B to Spain. The main products exported from Indonesia to Spain were Palm Oil ($648M), Copper Ore ($362M), and Stearic Acid ($190M). During the last 5 years the exports of Indonesia to Spain have increased at an annualized rate of 3.98%, from $2.32B in 2022 to $2.82B in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Indonesia
Top DestinationChina$67.7B

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

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

In 2022, countries that imported more from Indonesia than Spain included China ($67.7B), India ($25.3B), and Japan ($26.6B).

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

Comparative Advantage Spain - Indonesia

Flow
Scale

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

During 2022, Spain had a large net trade with Indonesia in the exports of Chemical Products ($140M), Machines ($90.8M), and Textiles ($65M).

During 2017, Indonesia had a large net trade with Spain in the exports of Animal and Vegetable Bi-Products ($1.09B), Mineral Products ($498M), and Metals ($217M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Indonesia+$22.7MVaccines, blood, antisera, toxins and cultures
Top Product Potential Indonesia Spain+$116MCoal Briquettes

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

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

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