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

About

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.

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.

Comparison: In 2022,  Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 2017 to $2.82B in 2022.

In 2017, 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 2022 to $542M in 2017.

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

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

Latest Data

Trade between Indonesia (Flag) and Spain (Flag)

Indonesia Exports

Spain Exports

Market Competitiveness

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

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

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

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

Comparative Advantage Indonesia - Spain

Flow
Scale

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

During 2022, 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).

During 2017, Spain had a large net trade with Indonesia in the exports of Chemical Products ($140M), Machines ($90.8M), and Textiles ($65M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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