2022
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GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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 GDP
$406BCURRENT US$
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2012-2022
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GDP GROWTH
-6.57%CURRENT US$
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2022
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GDP PC 
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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2022
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GDP PC
$6,776CURRENT US$
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2012-2022
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GDP PC GROWTH
-17.1%CURRENT US$
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About

Spain-South Africa Trade: In 2022, Spain exported $1.63B to South Africa. The main products that Spain exported to South Africa were Cars ($316M), Motor vehicles; parts and accessories (8701 to 8705) ($139M), and Alkylbenzenes and Alkylnaphthalenes ($72.2M). Over the past 5 years the exports of Spain to South Africa have increased at an annualized rate of 1.45%, from $1.52B in 2017 to $1.63B in 2022.

In 2009, Spain exported services to South Africa worth $93.6M, with Services not allocated ($93.6M) being the largest in terms of value.

South Africa-Spain Trade: In 2022, South Africa exported $1.52B to Spain. The main products that South Africa exported to Spain were Delivery Trucks ($374M), Coal Briquettes ($166M), and Cars ($156M). Over the past 5 years the exports of South Africa to Spain have increased at an annualized rate of 1.67%,  from $1.33B in 2017 to $1.52B in 2022.

In 2022, South Africa 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, South Africa ranked 59 in the Economic Complexity Index (ECI 0.076), and 34 in total exports ($147B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $1.63B to South Africa. The main products exported from Spain to South Africa were Cars ($316M), Motor vehicles; parts and accessories (8701 to 8705) ($139M), and Alkylbenzenes and Alkylnaphthalenes ($72.2M). During the last 5 years the exports of Spain to South Africa have increased at an annualized rate of 1.45%, from $1.52B in 2017 to $1.63B in 2022.

In 2017, South Africa exported $1.52B to Spain. The main products exported from South Africa to Spain were Delivery Trucks ($374M), Coal Briquettes ($166M), and Cars ($156M). During the last 5 years the exports of South Africa to Spain have increased at an annualized rate of 1.67%, from $1.33B in 2022 to $1.52B in 2017.

Exports from Spain (Flag) to South Africa (Flag) (2022)

Exports from South Africa (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
South Africa
Top Destination
China$23.4B

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

In 2022, countries that imported more from Spain than South Africa included France ($65.2B), Portugal ($34.9B), and Italy ($32.1B).

In 2022, countries that imported more from South Africa than Spain included China ($23.4B), India ($9.14B), and Mozambique ($5.43B).

Difference in imports from South Africa (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - South Africa

Flow
Scale

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

During 2022, Spain had a large net trade with South Africa in the exports of Transportation ($482M), Chemical Products ($350M), and Machines ($215M).

During 2017, South Africa had a large net trade with Spain in the exports of Transportation ($564M), Mineral Products ($273M), and Metals ($215M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain South Africa+$95.4MCars
Top Product Potential South Africa Spain+$124MCars

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

Product Space of Spain (Flag) and South Africa (Flag) (2022)

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