Lesotho (LSO) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Lesotho-Spain Trade: In 2022, Lesotho exported $46.6k to Spain. The main products that Lesotho exported to Spain were Knitting Machine Accessories ($33.8k), LCDs ($4.96k), and High-voltage Protection Equipment ($3.96k). Over the past 5 years the exports of Lesotho to Spain have increased at an annualized rate of 43.8%, from $7.57k in 2017 to $46.6k in 2022.

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

Spain-Lesotho Trade: In 2022, Spain exported $329k to Lesotho. The main products that Spain exported to Lesotho were Knitting Machine Accessories ($176k), LCDs ($84.7k), and Optical Fibers and optical fibre bundles ($14.3k). Over the past 5 years the exports of Spain to Lesotho have decreased at an annualized rate of 1.5%, from $432k in 2017 to $329k in 2022.

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

Comparison In 2022, Lesotho ranked 158 in total exports ($1.16B), and does not have data regarding Economic Complexity Index. 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, Lesotho exported $46.6k to Spain. The main products exported from Lesotho to Spain were Knitting Machine Accessories ($33.8k), LCDs ($4.96k), and High-voltage Protection Equipment ($3.96k). During the last 5 years the exports of Lesotho to Spain have increased at an annualized rate of 43.8%, from $7.57k in 2017 to $46.6k in 2022.

In 2017, Spain exported $329k to Lesotho. The main products exported from Spain to Lesotho were Knitting Machine Accessories ($176k), LCDs ($84.7k), and Optical Fibers and optical fibre bundles ($14.3k). During the last 5 years the exports of Spain to Lesotho have decreased at an annualized rate of 1.5%, from $432k in 2022 to $329k in 2017.

Exports from Lesotho () to Spain () (2022)

Exports from Spain () to Lesotho () (2022)

Latest Data

Trade between Lesotho () and Spain ()

Lesotho Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lesotho
Top DestinationSouth Africa$434M

Spain
Top DestinationFrance$65.2B

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 2022, countries that imported more from Lesotho than Spain included Eswatini ($11.3M).

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

Difference in imports from Spain () and Lesotho () (2022)

Comparative Advantage Lesotho - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Lesotho had a large net trade with Spain in the exports of Machines ($39.9k), Instruments ($5.11k), and Textiles ($1.19k).

During 2017, Spain had a large net trade with Lesotho in the exports of Machines ($206k), Instruments ($99.2k), and Textiles ($9.54k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Lesotho Spain+$9.89kHigh-voltage Protection Equipment

Top Product Potential Spain Lesotho+$16.9kCentrifuges

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 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.

About

Historical Data

Bilateral Trade by Products

Exports from Lesotho () to Spain () (2022)

Exports from Spain () to Lesotho () (2022)

Latest Data

Trade between Lesotho () and Spain ()

Lesotho Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Lesotho () (2022)

Comparative Advantage Lesotho - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Lesotho () and Spain () (2022)

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