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2022
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Exports $3.09BRnk 20 / 218
2022
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Top Product $836MOther Sea Vessels
2022
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Exports $4.74BRnk 19 / 138
2022
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Top Product $3.11BCrude Petroleum
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 0.78Rnk 35 / 133
2022
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GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
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GDP GROWTH49.4%CURRENT US$
Rnk 62 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
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GDP PC$30,436CURRENT US$
Rnk 37 / 186
2012-2022
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GDP PC GROWTH26.5%CURRENT US$
Rnk 71 / 186

About

Spain-Saudi Arabia In 2022, Spain exported $3.09B to Saudi Arabia. The main products that Spain exported to Saudi Arabia are Other Sea Vessels ($836M), Unglazed Ceramics ($150M), and Other Edible Preparations ($82.8M). During the last 27 years the exports of Spain to Saudi Arabia have increased at an annualized rate of 6.31%, from $593M in 1995 to $3.09B in 2022.

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

Saudi Arabia-Spain 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). During the last 27 years the exports of Saudi Arabia to Spain have increased at an annualized rate of 5.59%, from $1.09B in 1995 to $4.74B in 2022.

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

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Latest Trends

February, 2024

About

Overview In February 2024, Spain exported €192M and imported €294M from Saudi Arabia, resulting in a negative trade balance of €102M. Between February 2023 and February 2024 the exports of Spain have increased by €28M (17.1%) from €164M to €192M, while imports increased by €156M (114%) from €137M to €294M.

Trade In February 2024, the top exports of Spain to Saudi Arabia were Unglazed Ceramics (€7.94M), Other Edible Preparations (€4.04M), Other Processed Vegetables (€4M), Non-Knit Women's Suits (€3.54M), and Valves (€3.42M). In February 2024 the top imports of Spain from Saudi Arabia were Crude Petroleum (€259M), Ethylene Polymers (€10.9M), Acyclic Alcohols (€6.14M), Saturated Acyclic Monocarboxylic Acids (€4.01M), and Polyacetals (€3.6M).

Origins In February 2024 the exports of Spain were mainly from Madrid (€38.2M), Barcelona (€28.2M), Valencia (€14.6M), Navarra (€13.5M), and Castellón (€12.8M), while imports destinations were mainly Murcia (€96.3M), Cádiz (€81.6M), Vizcaya (€43.4M), Barcelona (€35.2M), and Tarragona (€21.6M).

Growth In February 2024, the increase in Spain's year-by-year exports to Saudi Arabia was explained primarily by an increase in product exports in Industrial Printers (€2.99M or 17.4k%), Delivery Trucks (€2.67M or 1.38k%), and Liquid Pumps (€2.48M or 439%). In February 2024, the increase in Spain's year-by-year imports  from Saudi Arabia was explained primarily by an increase in product imports  in Crude Petroleum (€64.6M or 33.3%), Other Nitrogen Compounds (€2.59M or 421%), and Motor-working Tools (€382k or 19.6k%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)€28M(17.1%)
IMPORT GROWTH (February 2023 - February 2024)€156M(114%)
MAIN EXPORTER (February 2024)Madrid€38.2M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Saudi Arabia and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 27 years the exports of Spain to Saudi Arabia have increased at an annualized rate of 6.31%, from $593M in 1995 to $3.09B in 2022.

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 27 years the exports of Saudi Arabia to Spain have increased at an annualized rate of 5.59%, from $1.09B in 1995 to $4.74B in 2022.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Saudi Arabia
Top DestinationChina$68B

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

In 2021, countries that imported more from Spain than Saudi Arabia were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2021, countries that imported more from Saudi Arabia than Spain were China ($68B), India ($46.2B), and South Korea ($36B).

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

Comparative Advantage Spain - Saudi Arabia

Flow
Scale

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

During 2022, Spain had a large net trade with Saudi Arabia in the exports of Transportation ($926M), Machines ($400M), and Chemical Products ($292M).

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).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Spain has comparative advantage over Saudi Arabia. Similarly, the more yellow a dot/product is, the more Saudi Arabia has comparative advantage over Spain.

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

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