Equatorial Guinea is, without doubt, one of the countries on the African continent that is closest to Spain. This former Spanish colony is one of the country’s main trading partners on the continent and is also the main destination for Spanish exports. Equatorial Guinea’s development has meant that in recent years trade relations with Spain have grown even further. This has consolidated a logistical network between the two countries that establishes the perfect framework for Spanish companies seeking opportunities beyond their borders.

The whole of Africa provides a great opportunity for Spanish companies seeking to expand there due to the large number of developing countries on the continent. Equatorial Guinea, however, is a preferred destination due to the close commercial relationship between the two countries. For example, in 2020 Spain became Equatorial Guinea’s leading supplier of goods with exports worth 189 million dollars.

Given these facts, how can Equatorial Guinea not be considered by Spanish companies as a priority destination for the export of goods and services?

What opportunities does Equatorial Guinea offer Spanish companies?

Before embarking on an adventure such as the international expansion of your company, it is essential to locate the opportunities that exist in the chosen market. In Equatorial Guinea there are many possibilities due to its prime location in West Africa, but there are sectors that are in greater demand than others.

The consumer goods sector is one of these. As a developing country with a growing middle class, the population still requires products that are not produced locally. Spanish products within the country also have an excellent reputation, making it the perfect destination for food, beverages, textiles and pharmaceutical products. Another sector in great demand is building maintenance. Equatorial Guinea has few companies dedicated to this work, so the maintenance of both housing and public buildings offer a great opportunity.

Engineering and architecture have a major role, and especially so in developing countries. Although Chinese construction companies have a large number of projects in Equatorial Guinea, they are required to build according to European technical and quality standards, so there is an opportunity to work together to comply with these standards.

Both these sectors are closely aligned with training and education. A countries development relies on a growing educated class. Together they play an important role also in entering international markets. The fact that Spanish is the « lingua franca » in Equatorial Guinea makes it an even more important destination for Spanish companies.

These are not, however, the only sectors in which to seek an opportunity to expand internationally. Companies that supervise construction projects, the supply of hospital equipment, waste treatment, waste and sewage management, the leisure and services sector, and human resources management are other major opportunities that await in Equatorial Guinea.

Equatorial Guinea may be the destination market you have been looking for to expand your company internationally. Logimarex International offers you all the guidance you need to get started in this business adventure and to make it a success. This can be witnessed from our decades of experience exporting and marketing products to and in Equatorial Guinea.