Sierra Leone (SLE) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Sierra Leone-Spain Trade: In 2023, Sierra Leone exported $2.72M to Spain. The main products that Sierra Leone exported to Spain were Cocoa Beans ($819k), Large Flat-Rolled Stainless Steel ($576k), and Aluminium Plating ($511k). Over the past 5 years the exports of Sierra Leone to Spain have increased at an annualized rate of 11.3%, from $1.59M in 2018 to $2.72M in 2023.

In 2023, Sierra Leone did not export any services to Spain.

Spain-Sierra Leone Trade: In 2023, Spain exported $16.5M to Sierra Leone. The main products that Spain exported to Sierra Leone were Refined Petroleum ($3.81M), Unglazed Ceramics ($2.2M), and Scented Mixtures ($1.64M). Over the past 5 years the exports of Spain to Sierra Leone have decreased at an annualized rate of 8.56%, from $25.9M in 2018 to $16.5M in 2023.

In 2023, Spain did not export any services to Sierra Leone.

Comparison In 2023, Sierra Leone ranked 152 in total exports ($1.52B), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Sierra Leone exported $2.72M to Spain. The main products exported from Sierra Leone to Spain were Cocoa Beans ($819k), Large Flat-Rolled Stainless Steel ($576k), and Aluminium Plating ($511k). During the last 5 years the exports of Sierra Leone to Spain have increased at an annualized rate of 11.3%, from $1.59M in 2018 to $2.72M in 2023.

In 2018, Spain exported $16.5M to Sierra Leone. The main products exported from Spain to Sierra Leone were Refined Petroleum ($3.81M), Unglazed Ceramics ($2.2M), and Scented Mixtures ($1.64M). During the last 5 years the exports of Spain to Sierra Leone have decreased at an annualized rate of 8.56%, from $25.9M in 2023 to $16.5M in 2018.

Exports from Sierra Leone () to Spain () (2023)

Exports from Spain () to Sierra Leone () (2023)

Latest Data

Trade between Sierra Leone () and Spain ()

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sierra Leone
Top DestinationChina$1.03B

Spain
Top DestinationFrance$61.9B

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

In 2023, no countries were registered that imported more from Sierra Leone than from Spain.

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

Difference in imports from Spain () and Sierra Leone () (2023)

Comparative Advantage Sierra Leone - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Sierra Leone had a large net trade with Spain in the exports of Metals ($1.22M), Foodstuffs ($1.2M), and Plastics and Rubbers ($70.5k).

During 2018, Spain had a large net trade with Sierra Leone in the exports of Mineral Products ($3.99M), Chemical Products ($2.65M), and Stone And Glass ($2.34M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Sierra Leone Spain+$397kScrap Copper

Top Product Potential Spain Sierra Leone+$882kPackaged 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 Sierra Leone and Spain. This means that a dot/product with the flag of Sierra Leone indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Sierra Leone.

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Historical Data

Bilateral Trade by Products

Exports from Sierra Leone () to Spain () (2023)

Exports from Spain () to Sierra Leone () (2023)

Latest Data

Trade between Sierra Leone () and Spain ()

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Sierra Leone () (2023)

Comparative Advantage Sierra Leone - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sierra Leone () and Spain () (2023)

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