2022
Flag  
GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP
$20.4BCURRENT US$
Rnk 115 / 186
2012-2022
Flag
GDP GROWTH
46.3%CURRENT US$
Rnk 73 / 186
2022
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GDP PC 
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC
$7,738CURRENT US$
Rnk 86 / 186
2012-2022
Flag
GDP PC GROWTH
21%CURRENT US$
Rnk 82 / 186

About

Spain-Botswana Trade: In 2022, Spain exported $5.94M to Botswana. The main products that Spain exported to Botswana were Vinyl Chloride Polymers ($1.47M), Packaged Medicaments ($1.19M), and Low-voltage Protection Equipment ($812k). Over the past 5 years the exports of Spain to Botswana have decreased at an annualized rate of 3.1%, from $6.95M in 2017 to $5.94M in 2022.

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

Botswana-Spain Trade: In 2022, Botswana exported $21.3M to Spain. The main products that Botswana exported to Spain were Copper Ore ($15.2M), Coal Briquettes ($5.9M), and Aircraft Parts ($130k). Over the past 5 years the exports of Botswana to Spain have increased at an annualized rate of 42.3%,  from $3.64M in 2017 to $21.3M in 2022.

In 2022, Botswana 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, Botswana ranked 91 in the Economic Complexity Index (ECI -0.59), and 107 in total exports ($8.65B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $5.94M to Botswana. The main products exported from Spain to Botswana were Vinyl Chloride Polymers ($1.47M), Packaged Medicaments ($1.19M), and Low-voltage Protection Equipment ($812k). During the last 5 years the exports of Spain to Botswana have decreased at an annualized rate of 3.1%, from $6.95M in 2017 to $5.94M in 2022.

In 2017, Botswana exported $21.3M to Spain. The main products exported from Botswana to Spain were Copper Ore ($15.2M), Coal Briquettes ($5.9M), and Aircraft Parts ($130k). During the last 5 years the exports of Botswana to Spain have increased at an annualized rate of 42.3%, from $3.64M in 2022 to $21.3M in 2017.

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

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

Market Competitiveness

Color
Spain
Top Destination
France$65.2B
Botswana
Top Destination
United Arab Emirates$2.31B

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

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

In 2022, countries that imported more from Botswana than Spain included United Arab Emirates ($2.31B), Cambodia ($120M), and Namibia ($111M).

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

Comparative Advantage Spain - Botswana

Flow
Scale

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

During 2022, Spain had a large net trade with Botswana in the exports of Plastics and Rubbers ($1.71M), Machines ($1.69M), and Chemical Products ($1.31M).

During 2017, Botswana had a large net trade with Spain in the exports of Mineral Products ($21.1M), Transportation ($133k), and Machines ($14.5k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Botswana+$1.61MPackaged Medicaments
Top Product Potential Botswana Spain+$4.65MCopper Ore

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

This visualization shows the product space at the HS4 level with the flags of Spain and Botswana. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over Botswana. Similarly, a dot/product with the flag of Botswana indicates it has a comparative advantage over Spain.

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

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