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2022
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Exports $693MRnk 58 / 218
2022
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Top Product $312MRefined Petroleum
2022
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Exports $228MRnk 7 / 160
2022
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Top Product $40.6MNiobium, Tantalum, Vanadium and Zirconium Ore
2022
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Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI -0.5Rnk 85 / 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$27.7BCURRENT US$
Rnk 108 / 186
2012-2022
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GDP GROWTH56.8%CURRENT US$
Rnk 44 / 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$1,599CURRENT US$
Rnk 154 / 186
2012-2022
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GDP PC GROWTH19.8%CURRENT US$
Rnk 90 / 186

About

Spain-Senegal In 2022, Spain exported $693M to Senegal. The main products that Spain exported to Senegal are Refined Petroleum ($312M), Planes, Helicopters, and/or Spacecraft ($62.3M), and Unglazed Ceramics ($23.7M). During the last 27 years the exports of Spain to Senegal have increased at an annualized rate of 10.1%, from $51.2M in 1995 to $693M in 2022.

In 2022, Spain did not export any services to Senegal.

Senegal-Spain In 2022, Senegal exported $228M to Spain. The main products that Senegal exported to Spain were Niobium, Tantalum, Vanadium and Zirconium Ore ($40.6M), Processed Crustaceans ($30.9M), and Crustaceans ($29.8M). During the last 27 years the exports of Senegal to Spain have increased at an annualized rate of 7.72%, from $30.7M in 1995 to $228M in 2022.

In 2022, Senegal 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, Senegal ranked 85 in the Economic Complexity Index (ECI -0.5), and 120 in total exports ($6.2B).

Latest Trends

February, 2024

About

Overview In February 2024, Spain exported €23.6M and imported €11.7M from Senegal, resulting in a positive trade balance of €11.9M. Between February 2023 and February 2024 the exports of Spain have decreased by €-4.29M (-15.4%) from €27.9M to €23.6M, while imports increased by €990k (9.25%) from €10.7M to €11.7M.

Trade In February 2024, the top exports of Spain to Senegal were Refined Petroleum (€7.69M), Unglazed Ceramics (€1.94M), Tractors (€1.61M), Paper Containers (€1.16M), and Flavored Water (€995k). In February 2024 the top imports of Spain from Senegal were Niobium, Tantalum, Vanadium and Zirconium Ore (€4.61M), Non-fillet Frozen Fish (€972k), Molluscs (€902k), Crustaceans (€710k), and Fake Hair (€666k).

Origins In February 2024 the exports of Spain were mainly from Barcelona (€4.33M), Cádiz (€2.99M), Murcia (€1.71M), Castellón (€1.66M), and Madrid (€1.61M), while imports destinations were mainly Sevilla (€2.2M), Valencia (€1.77M), Barcelona (€1.26M), Pontevedra (€1.25M), and Murcia (€1.18M).

Growth In February 2024, the decrease in Spain's year-by-year exports to Senegal was explained primarily by an decrease in product exports in Iron Structures (€-3.84M or -96.9%), Other Aluminium Products (€-1.02M or -99.7%), and Insulated Wire (€-802k or -95.4%). In February 2024, the increase in Spain's year-by-year imports  from Senegal was explained primarily by an increase in product imports  in Niobium, Tantalum, Vanadium and Zirconium Ore (€3.28M or 246%), Fake Hair (€197k or 42.2%), and Other Vegetables (€174k or 208%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)€-4.29M(-15.4%)
IMPORT GROWTH (February 2023 - February 2024)€990k(9.25%)
MAIN EXPORTER (February 2024)Barcelona€4.33M

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 Senegal 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 $693M to Senegal. The main products exported from Spain to Senegal were Refined Petroleum ($312M), Planes, Helicopters, and/or Spacecraft ($62.3M), and Unglazed Ceramics ($23.7M). During the last 27 years the exports of Spain to Senegal have increased at an annualized rate of 10.1%, from $51.2M in 1995 to $693M in 2022.

In 2022, Senegal exported $228M to Spain. The main products exported from Senegal to Spain were Niobium, Tantalum, Vanadium and Zirconium Ore ($40.6M), Processed Crustaceans ($30.9M), and Crustaceans ($29.8M). During the last 27 years the exports of Senegal to Spain have increased at an annualized rate of 7.72%, from $30.7M in 1995 to $228M in 2022.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Senegal
Top DestinationMali$1.13B

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

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

In 2021, countries that imported more from Senegal than Spain were Mali ($1.13B), Gambia ($177M), and Guinea-Bissau ($88.4M).

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

Comparative Advantage Spain - Senegal

Flow
Scale

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

During 2022, Spain had a large net trade with Senegal in the exports of Mineral Products ($340M), Transportation ($79.3M), and Machines ($58.1M).

During 2022, Senegal had a large net trade with Spain in the exports of Animal Products ($69.8M), Mineral Products ($65.9M), and Foodstuffs ($49.8M).

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 Senegal. Similarly, the more yellow a dot/product is, the more Senegal has comparative advantage over Spain.

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

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