Synthetic Rubber in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $352M in Synthetic Rubber, making it the 20th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 241st most exported product in Spain. The main destination of Synthetic Rubber exports from Spain are: Germany ($66M), France ($60.5M), United States ($44.1M), Italy ($40.1M), and Portugal ($23.9M).

The fastest growing export markets for Synthetic Rubber of Spain between 2021 and 2022 were Austria ($8M), France ($6.79M), and Germany ($5.31M).

Imports In 2022, Spain imported $538M in Synthetic Rubber, becoming the 17th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 173rd most imported product in Spain. Spain imports Synthetic Rubber primarily from: France ($126M), Germany ($47.7M), Netherlands ($45.7M), Italy ($44.1M), and Belgium ($30.4M).

The fastest growing import markets in Synthetic Rubber for Spain between 2021 and 2022 were France ($34.2M), Poland ($16.9M), and Netherlands ($8.51M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Synthetic Rubber from Spain to the United States.

Latest Trends

January 2024

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Overview In January 2024 Spain's Synthetic Rubber exports accounted up to €10.3M and imports accounted up to €34.6M, resulting in a negative trade balance of €24.4M. Between January 2023 and January 2024 the exports of Spain's Synthetic Rubber have decreased by €-12.2M (-54.3%) from €22.5M to €10.3M, while imports decreased by €-784k (-2.21%) from €35.4M to €34.6M.

Destinations In January 2024, Synthetic Rubber were exported mostly to United States (€2.43M), Italy (€1.32M), Belgium (€879k), Portugal (€816k), and United Arab Emirates (€809k), and were imported mostly from France (€6.99M), Germany (€5.26M), Italy (€3.75M), United States (€3.33M), and Belgium (€2.63M).

Growth In January 2024, the decrease in Synthetic Rubber's year-by-year exports was explained primarily by a decrease in exports to Italy (€-797k or -26.2%), France (€-551k or -12.9%), and Netherlands (€-333k or -37.5%). In January 2024, the decrease in Synthetic Rubber's year-by-year imports was explained primarily by a decrease in imports from Indonesia (€-5.85M or -95.3%), Russia (€-4.96M or -89.7%), and Germany (€-1.2M or -26.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-12.2M(-54.3%)

IMPORT GROWTH (January 2023 - January 2024)€-784k(-2.21%)

MAIN EXPORTER (January 2024)Madrid€2.85M

MAIN DESTINATION (January 2024)United States€2.43M

This section shows Synthetic Rubber'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 Synthetic Rubber over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$352M

IMPORTS (2022)$538M

NET TRADE (2022)-$186M

In 2022, Spain exported $352M in Synthetic Rubber. The main destinations of Spain exports on Synthetic Rubber were Germany ($66M), France ($60.5M), United States ($44.1M), Italy ($40.1M), and Portugal ($23.9M).

In 2022, Spain imported $538M in Synthetic Rubber, mainly from France ($126M), Germany ($47.7M), Netherlands ($45.7M), Italy ($44.1M), and Belgium ($30.4M).

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