Hi,
The execution of code on the S32G274A is mainly being done on the internal SRAM.
The main idea of the external Flash is used to store the code and send it to internal SRAM in the boot process.
If you would like to use the external Flash for code execution, there is a feature called XIP (eXecute-In-Place) which is used for this purpose.
"The eXecute in Place, or XiP, is a capability that allows a processor to execute code directly from external flash memory. " [CROSSOVER TO MEMORY EXPANSION WITH ADESTO ECOXiP AND NXP’S i.MX RT CROSSOVER PROCESSORS].
Please, let us know if this information was helpful or not.