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2023
Flag → Flag
Exports $594MRnk 62 / 220
2023
Flag → Flag
Top Product $45.4MIron Chains
2023
Flag → Flag
Exports $3.11BRnk 18 / 213
2023
Flag → Flag
Top Product $725MPalm Oil
2023
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Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
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GDP GROWTH50.3%CURRENT US$
Rnk 75 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$4,876CURRENT US$
Rnk 123 / 196
2013-2023
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GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195

About

Spain-Indonesia Trade: In 2023, Spain exported $594M to Indonesia. The main products that Spain exported to Indonesia were Iron Chains ($45.4M), Perfumes ($25.6M), and Excavation Machinery ($18.4M). Over the past 5 years the exports of Spain to Indonesia have decreased at an annualized rate of 3.16%, from $697M in 2018 to $594M in 2023.

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

Indonesia-Spain Trade: In 2023, Indonesia exported $3.11B to Spain. The main products that Indonesia exported to Spain were Palm Oil ($725M), Copper Ore ($699M), and Stearic Acid ($172M). Over the past 5 years the exports of Indonesia to Spain have increased at an annualized rate of 2.1%,  from $2.8B in 2018 to $3.11B in 2023.

In 2023, Indonesia 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, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €36.1M and imported €181M from Indonesia, resulting in a negative trade balance of €145M. Between November 2023 and November 2024 the exports of Spain have decreased by €-1.59M (-4.21%) from €37.7M to €36.1M, while imports decreased by €-191M (-51.3%) from €372M to €181M.

Trade In November 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 November 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 November 2024 the exports of Spain were mainly from Barcelona (€9.01M), Madrid (€3.84M), Zaragoza (€3.21M), Vizcaya (€2.75M), and Valladolid (€1.99M), while imports destinations were mainly Barcelona (€66.8M), Huelva (€15.4M), Madrid (€12.5M), Zaragoza (€11.2M), and Vizcaya (€9.93M).

Growth In November 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 November 2024, the decrease in Spain's year-by-year imports  from Indonesia was explained primarily by an decrease in product imports  in Synthetic Rubber (€-5.85M or -95.3%), Coconut Oil (€-4.03M or -75.2%), and Industrial Fatty Acids, Oils and Alcohols (€-3.8M or -22.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-1.59M(-4.21%)
IMPORT GROWTH (November 2023 - November 2024)€-191M(-51.3%)
MAIN EXPORTER (November 2024)Barcelona€9.01M

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 2023, Spain exported $594M to Indonesia. The main products exported from Spain to Indonesia were Iron Chains ($45.4M), Perfumes ($25.6M), and Excavation Machinery ($18.4M). During the last 5 years the exports of Spain to Indonesia have decreased at an annualized rate of 3.16%, from $697M in 2018 to $594M in 2023.

In 2018, Indonesia exported $3.11B to Spain. The main products exported from Indonesia to Spain were Palm Oil ($725M), Copper Ore ($699M), and Stearic Acid ($172M). During the last 5 years the exports of Indonesia to Spain have increased at an annualized rate of 2.1%, from $2.8B in 2023 to $3.11B in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Indonesia
Top DestinationChina$70.7B

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

In 2023, countries that imported more from Indonesia than Spain included China ($70.7B), India ($24B), and Japan ($23.7B).

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

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 2023, Spain had a large net trade with Indonesia in the exports of Machines ($150M), Chemical Products ($138M), and Metals ($81.5M).

During 2018, Indonesia had a large net trade with Spain in the exports of Animal and Vegetable Bi-Products ($1.04B), Mineral Products ($723M), and Footwear and Headwear ($289M).

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) (2023)

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