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2022
Exports $62.6MWorld Rnk 9 / 109
Flag Rnk 594 / 1214
2022
Destination $3.68M Turkey
2021 - 2022
FASTEST GROWING MARKET $3.68MItaly
2022
PRODUCT COMPLEXITY IN Nitrites and Nitrates-0.15Rnk 597 / 1025
2022
Imports $201MWorld Rnk 2 / 183
Flag Rnk 355 / 1214
2022
Origin $35.7M Chile
2021 - 2022
FASTEST GROWING ORIGIN $35.7MChile
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $62.6M in Nitrites and Nitrates, making it the 9th largest exporter of Nitrites and Nitrates in the world. At the same year, Nitrites and Nitrates was the 594th most exported product in Spain. The main destination of Nitrites and Nitrates exports from Spain are: Turkey ($11.7M), Italy ($10.1M), Portugal ($8.84M), Germany ($4.26M), and Japan ($3.75M).

The fastest growing export markets for Nitrites and Nitrates of Spain between 2021 and 2022 were Italy ($3.68M), Germany ($3.57M), and Portugal ($2.63M).

Imports In 2022, Spain imported $201M in Nitrites and Nitrates, becoming the 2nd largest importer of Nitrites and Nitrates in the world. At the same year, Nitrites and Nitrates was the 355th most imported product in Spain. Spain imports Nitrites and Nitrates primarily from: Chile ($99.1M), Israel ($40.4M), Jordan ($24.9M), Denmark ($12.7M), and China ($7.81M).

The fastest growing import markets in Nitrites and Nitrates for Spain between 2021 and 2022 were Chile ($35.7M), Israel ($12.1M), and Denmark ($7.16M).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Nitrites and Nitrates exports accounted up to €1.99M and imports accounted up to €6.49M, resulting in a negative trade balance of €4.5M. Between June 2023 and June 2024 the exports of Spain's   Nitrites and Nitrates have decreased by €-1.1M (-35.5%) from €3.09M to €1.99M, while imports decreased by €-2.08M (-24.3%) from €8.57M to €6.49M.

Destinations In June 2024, Nitrites and Nitrates were exported mostly to Portugal (€775k), Mexico (€182k), Slovakia (€134k), India (€118k), and South Korea (€102k), and were imported mostly from Israel (€2.54M), Jordan (€1.36M), Austria (€1.09M), Chile (€472k), and Germany (€332k).

Growth In June 2024, the decrease in Nitrites and Nitrates's year-by-year exports was explained primarily by a decrease in exports to Japan (€-318k or -72.6%), South Korea (€-178k or -40.8%), and Portugal (€-130k or -26.1%). In June 2024, the decrease in Nitrites and Nitrates's year-by-year imports was explained primarily by a decrease in imports from Israel (€-3.5M or -57%), Jordan (€-715k or -47.8%), and Belgium (€-312k or -93.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-1.1M(-35.5%)
IMPORT GROWTH (June 2023 - June 2024)€-2.08M(-24.3%)
MAIN EXPORTER (June 2024)Cádiz€5.51M
MAIN DESTINATION (June 2024)Portugal€775k

This section shows Nitrites and Nitrates's exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Nitrites and Nitrates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$62.6M
IMPORTS (2022)$201M
NET TRADE (2022)-$138M

In 2022, Spain exported $62.6M in Nitrites and Nitrates. The main destinations of Spain exports on Nitrites and Nitrates were Turkey ($11.7M), Italy ($10.1M), Portugal ($8.84M), Germany ($4.26M), and Japan ($3.75M).

In 2022, Spain imported $201M in Nitrites and Nitrates, mainly from Chile ($99.1M), Israel ($40.4M), Jordan ($24.9M), Denmark ($12.7M), and China ($7.81M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitrites and Nitrates EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Italy$3.68M (57.3%)
Germany$3.57M (518%)
Portugal$2.63M (42.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrites and Nitrates BY Spain WERE (2021 - 2022):
France-$3.37M (-73%)
Morocco-$3.3M (-77.8%)
Burkina Faso-$1.37M (-99.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Nitrites and Nitrates were:
Chile $587M
China $269M
Israel $187M
In 2022, Spain's main importing competitors in Nitrites and Nitrates were:
Netherlands $269M
United States $160M

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Trade Value of Nitrites and Nitrates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.35M
TOP IMPORT POTENTIALChina+ $3.04M

Nitrites and Nitrates’s highest export potential is France. With an export gap of $1.35M.   Nitrites and Nitrates’s highest import potential is China with an import gap of $3.04M.

See methodology.

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