2022
Exports
$2.53MWorld Rnk 23 / 96
Flag Rnk 1077 / 1214
2022
PRODUCT COMPLEXITY IN Borates
-0.2Rnk 618 / 1025
2022
Imports
$18.5MWorld Rnk 15 / 184
Flag Rnk 864 / 1214
2022
ECONOMIC COMPLEXITY of Spain
0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $2.53M in Borates, making it the 23rd largest exporter of Borates in the world. At the same year, Borates was the 1077th most exported product in Spain. The main destination of Borates exports from Spain are: Portugal ($717k), Greece ($245k), Belgium ($210k), United States ($198k), and India ($175k).

The fastest growing export markets for Borates of Spain between 2021 and 2022 were India ($169k), United States ($129k), and Egypt ($108k).

Imports In 2022, Spain imported $18.5M in Borates, becoming the 15th largest importer of Borates in the world. At the same year, Borates was the 864th most imported product in Spain. Spain imports Borates primarily from: Turkey ($12.9M), United States ($2.13M), France ($1.41M), Italy ($568k), and India ($354k).

The fastest growing import markets in Borates for Spain between 2021 and 2022 were United States ($1.02M), Italy ($305k), and India ($153k).

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-94.4k(-49%)
IMPORT GROWTH (June 2023 - June 2024)€-2.2M(-89.1%)
MAIN EXPORTER (June 2024)Castellón€382k
MAIN DESTINATION (June 2024)China€24.1k

This section shows Borates'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 Borates over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.53M
IMPORTS (2022)$18.5M
NET TRADE (2022)-$16M

In 2022, Spain exported $2.53M in Borates. The main destinations of Spain exports on Borates were Portugal ($717k), Greece ($245k), Belgium ($210k), United States ($198k), and India ($175k).

In 2022, Spain imported $18.5M in Borates, mainly from Turkey ($12.9M), United States ($2.13M), France ($1.41M), Italy ($568k), and India ($354k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Borates EXPORT MARKETS FOR Spain WERE (2021 - 2022):
India$169k (2.83k%)
United States$129k (190%)
Egypt$108k (6.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Borates BY Spain WERE (2021 - 2022):
France-$2.88M (-96.7%)
Greece-$266k (-52%)
Portugal-$211k (-22.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Borates were:
In 2022, Spain's main importing competitors in Borates were:

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Trade Value of Borates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $154k
TOP IMPORT POTENTIALUnited States+ $603k

Borates’s highest export potential is United States. With an export gap of $154k.   Borates’s highest import potential is United States with an import gap of $603k.

See methodology.

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