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2023
Flag → Flag
Exports $372MRnk 75 / 220
2023
Flag → Flag
Top Product $76.6MRefined Petroleum
2023
Flag → Flag
Exports $180MRnk 9 / 156
2023
Flag → Flag
Top Product $31.7MNiobium, Tantalum, Vanadium and Zirconium Ore
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.51Rnk 87 / 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$30.8BCURRENT US$
Rnk 108 / 195
2013-2023
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GDP GROWTH63.1%CURRENT US$
Rnk 46 / 195
2023
Flag
GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$1,706CURRENT US$
Rnk 162 / 196
2013-2023
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GDP PC GROWTH23.7%CURRENT US$
Rnk 92 / 195

About

Spain-Senegal Trade: In 2023, Spain exported $372M to Senegal. The main products that Spain exported to Senegal were Refined Petroleum ($76.6M), Unglazed Ceramics ($23.4M), and Copper Wire ($11.1M). Over the past 5 years the exports of Spain to Senegal have increased at an annualized rate of 0.7%, from $359M in 2018 to $372M in 2023.

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

Senegal-Spain Trade: In 2023, Senegal exported $180M to Spain. The main products that Senegal exported to Spain were Niobium, Tantalum, Vanadium and Zirconium Ore ($31.7M), Melons ($23.2M), and Crustaceans ($22.1M). Over the past 5 years the exports of Senegal to Spain have decreased at an annualized rate of 0.64%,  from $186M in 2018 to $180M in 2023.

In 2023, Senegal 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, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €44.2M and imported €11.4M from Senegal, resulting in a positive trade balance of €32.8M. Between November 2023 and November 2024 the exports of Spain have increased by €11.6M (35.4%) from €32.6M to €44.2M, while imports increased by €2.47M (27.8%) from €8.91M to €11.4M.

Trade In November 2024, the top exports of Spain to Senegal were Refined Petroleum (€7.69M), Unglazed Ceramics (€1.94M), Tractors (€1.61M), Paper Containers (€1.16M), and Flavored Water (€995k). In November 2024 the top imports of Spain from Senegal were Niobium, Tantalum, Vanadium and Zirconium Ore (€4.61M), Non-fillet Frozen Fish (€972k), Molluscs (€902k), Crustaceans (€710k), and Fake Hair (€666k).

Origins In November 2024 the exports of Spain were mainly from Barcelona (€11.5M), Valencia (€3.25M), Murcia (€1.74M), Madrid (€1.42M), and Castellón (€1.29M), while imports destinations were mainly Pontevedra (€2.13M), Cádiz (€1.63M), Valencia (€1.62M), Castellón (€1.62M), and Huelva (€1.18M).

Growth In November 2024, the increase in Spain's year-by-year exports to Senegal was explained primarily by an increase in product exports in Refined Petroleum (€7.42M or 2.82k%), Tractors (€1.49M or 1.26k%), and Kraft Paper (€765k or 349%). In November 2024, the increase in Spain's year-by-year imports  from Senegal was explained primarily by an increase in product imports  in Niobium, Tantalum, Vanadium and Zirconium Ore (€3.28M or 246%), Fake Hair (€197k or 42.2%), and Other Vegetables (€174k or 208%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€11.6M(35.4%)
IMPORT GROWTH (November 2023 - November 2024)€2.47M(27.8%)
MAIN EXPORTER (November 2024)Barcelona€11.5M

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 Senegal and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Senegal and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Spain exported $372M to Senegal. The main products exported from Spain to Senegal were Refined Petroleum ($76.6M), Unglazed Ceramics ($23.4M), and Copper Wire ($11.1M). During the last 5 years the exports of Spain to Senegal have increased at an annualized rate of 0.7%, from $359M in 2018 to $372M in 2023.

In 2018, Senegal exported $180M to Spain. The main products exported from Senegal to Spain were Niobium, Tantalum, Vanadium and Zirconium Ore ($31.7M), Melons ($23.2M), and Crustaceans ($22.1M). During the last 5 years the exports of Senegal to Spain have decreased at an annualized rate of 0.64%, from $186M in 2023 to $180M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Senegal
Top DestinationMali$1.22B

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

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

In 2023, countries that imported more from Senegal than Spain included Mali ($1.22B), Gambia ($210M), and Guinea-Bissau ($157M).

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

Comparative Advantage Spain - Senegal

Flow
Scale

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

During 2023, Spain had a large net trade with Senegal in the exports of Mineral Products ($91.4M), Machines ($55.1M), and Metals ($35M).

During 2018, Senegal had a large net trade with Spain in the exports of Animal Products ($60.1M), Vegetable Products ($36.9M), and Mineral Products ($31.8M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Senegal+$6.15MCars
Top Product Potential Senegal Spain+$12MMolluscs

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

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

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