2023
Flag  
GDP
$2.12BCURRENT US$
Rnk 175 / 195
2013-2023
Flag
GDP GROWTH
-10.5%CURRENT US$
Rnk 181 / 195
2023
Flag
 GDP
$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH
18.9%CURRENT US$
Rnk 143 / 195
2023
Flag
GDP PC 
$916CURRENT US$
Rnk 180 / 195
2013-2023
Flag
GDP PC GROWTH
-20.4%CURRENT US$
Rnk 179 / 195
2023
Flag
GDP PC
$33,509CURRENT US$
Rnk 40 / 196
2013-2023
Flag
GDP PC GROWTH
14.7%CURRENT US$
Rnk 119 / 195

About

Lesotho-Spain Trade: In 2023, Lesotho exported $147k to Spain. The main products that Lesotho exported to Spain were Textile Processing Machines ($72.6k), Knit Women's Suits ($28.7k), and LCDs ($25.5k). Over the past 5 years the exports of Lesotho to Spain have increased at an annualized rate of 88.2%, from $6.23k in 2018 to $147k in 2023.

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

Spain-Lesotho Trade: In 2023, Spain exported $2.15M to Lesotho. The main products that Spain exported to Lesotho were Textile Processing Machines ($1.83M), LCDs ($161k), and Knitting Machine Accessories ($115k). Over the past 5 years the exports of Spain to Lesotho have increased at an annualized rate of 14.1%,  from $853k in 2018 to $2.15M in 2023.

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

Comparison In 2023,  Lesotho ranked 158 in total exports ($1.14B), and does not have data regarding Economic Complexity Index. 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
Value

In 2023, Lesotho exported $147k to Spain. The main products exported from Lesotho to Spain were Textile Processing Machines ($72.6k), Knit Women's Suits ($28.7k), and LCDs ($25.5k). During the last 5 years the exports of Lesotho to Spain have increased at an annualized rate of 88.2%, from $6.23k in 2018 to $147k in 2023.

In 2018, Spain exported $2.15M to Lesotho. The main products exported from Spain to Lesotho were Textile Processing Machines ($1.83M), LCDs ($161k), and Knitting Machine Accessories ($115k). During the last 5 years the exports of Spain to Lesotho have increased at an annualized rate of 14.1%, from $853k in 2023 to $2.15M in 2018.

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

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

Latest Data

Trade between Lesotho (Flag) and Spain (Flag)

Lesotho Exports

Spain Exports

Market Competitiveness

Color
Lesotho
Top Destination
South Africa$351M
Spain
Top Destination
France$61.9B

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

In 2023, countries that imported more from Lesotho than Spain included Eswatini ($7.34M).

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

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

Comparative Advantage Lesotho - Spain

Flow
Scale

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

During 2023, Lesotho had a large net trade with Spain in the exports of Machines ($76.1k), Textiles ($43.7k), and Instruments ($27.4k).

During 2018, Spain had a large net trade with Lesotho in the exports of Machines ($1.97M), Instruments ($165k), and Chemical Products ($4.25k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lesotho Spain+$9.89kHigh-voltage Protection Equipment
Top Product Potential Spain Lesotho+N/AN/A

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

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

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