Saudi Arabia (SAU) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Saudi Arabia-Spain Trade: In 2022, Saudi Arabia exported $4.74B to Spain. The main products that Saudi Arabia exported to Spain were Crude Petroleum ($3.11B), Refined Petroleum ($676M), and Ethylene Polymers ($193M). Over the past 5 years the exports of Saudi Arabia to Spain have increased at an annualized rate of 3.7%, from $3.95B in 2017 to $4.74B in 2022.

In 2022, Saudi Arabia did not export any services to Spain.

Spain-Saudi Arabia Trade: In 2022, Spain exported $3.09B to Saudi Arabia. The main products that Spain exported to Saudi Arabia were Other Sea Vessels ($836M), Unglazed Ceramics ($150M), and Other Edible Preparations ($82.8M). Over the past 5 years the exports of Spain to Saudi Arabia have increased at an annualized rate of 2.01%, from $2.8B in 2017 to $3.09B in 2022.

In 2022, Spain did not export any services to Saudi Arabia.

Comparison: In 2022, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Saudi Arabia exported $4.74B to Spain. The main products exported from Saudi Arabia to Spain were Crude Petroleum ($3.11B), Refined Petroleum ($676M), and Ethylene Polymers ($193M). During the last 5 years the exports of Saudi Arabia to Spain have increased at an annualized rate of 3.7%, from $3.95B in 2017 to $4.74B in 2022.

In 2017, Spain exported $3.09B to Saudi Arabia. The main products exported from Spain to Saudi Arabia were Other Sea Vessels ($836M), Unglazed Ceramics ($150M), and Other Edible Preparations ($82.8M). During the last 5 years the exports of Spain to Saudi Arabia have increased at an annualized rate of 2.01%, from $2.8B in 2022 to $3.09B in 2017.

Exports from Saudi Arabia () to Spain () (2022)

Exports from Spain () to Saudi Arabia () (2022)

Latest Data

Trade between Saudi Arabia () and Spain ()

Saudi Arabia Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Saudi Arabia
Top DestinationChina$68B

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from Saudi Arabia than Spain included China ($68B), India ($46.2B), and South Korea ($36B).

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

Difference in imports from Spain () and Saudi Arabia () (2022)

Comparative Advantage Saudi Arabia - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Saudi Arabia had a large net trade with Spain in the exports of Mineral Products ($3.8B), Chemical Products ($425M), and Plastics and Rubbers ($416M).

During 2017, Spain had a large net trade with Saudi Arabia in the exports of Transportation ($926M), Machines ($400M), and Chemical Products ($292M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Saudi Arabia Spain+$866MCrude Petroleum

Top Product Potential Spain Saudi Arabia+$51.3MPackaged Medicaments

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

About

Historical Data

Bilateral Trade by Products

Exports from Saudi Arabia () to Spain () (2022)

Exports from Spain () to Saudi Arabia () (2022)

Latest Data

Trade between Saudi Arabia () and Spain ()

Saudi Arabia Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Saudi Arabia () (2022)

Comparative Advantage Saudi Arabia - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Saudi Arabia () and Spain () (2022)

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