Indonesia (IDN) and Spain (ESP) Trade | The Observatory of Economic Complexity

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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.

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.

Comparison: In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, 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 2018 to $3.11B in 2023.

In 2018, 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 2023 to $594M in 2018.

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

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

Latest Data

Trade between Indonesia () and Spain ()

Indonesia Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

Spain
Top DestinationFrance$61.9B

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

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

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

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

Comparative Advantage Indonesia - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, 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).

During 2018, Spain had a large net trade with Indonesia in the exports of Machines ($150M), Chemical Products ($138M), and Metals ($81.5M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia Spain+$116MCoal Briquettes

Top Product Potential Spain Indonesia+$22.7MVaccines, blood, antisera, toxins and cultures

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

Year

This visualization shows the product space at the HS4 level with the flags of Indonesia and Spain. This means that a dot/product with the flag of Indonesia indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Indonesia.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Indonesia () and Spain ()

Indonesia Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage Indonesia - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Indonesia () and Spain () (2023)

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