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2022
Exports $428MWorld Rnk 2 / 146
Flag Rnk 74 / 96
2022
Destination $22.4M Portugal
2021 - 2022
FASTEST GROWING MARKET $22.4MPortugal
2022
PRODUCT COMPLEXITY IN Cork & cork articles-0.17Rnk 605 / 1025
2022
Imports $232MWorld Rnk 4 / 208
Flag Rnk 81 / 96
2022
Origin $13.4M Portugal
2021 - 2022
FASTEST GROWING ORIGIN $13.4MPortugal
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $428M in Cork & cork articles, making it the 2nd largest exporter of Cork & cork articles in the world. At the same year, Cork & cork articles was the 74th most exported product in Spain. The main destination of Cork & cork articles exports from Spain are: Portugal ($184M), France ($106M), Italy ($48.6M), United States ($32.6M), and Chile ($11.5M).

The fastest growing export markets for Cork & cork articles of Spain between 2021 and 2022 were Portugal ($22.4M), Italy ($12.6M), and Mexico ($5.3M).

Imports In 2022, Spain imported $232M in Cork & cork articles, becoming the 4th largest importer of Cork & cork articles in the world. At the same year, Cork & cork articles was the 81st most imported product in Spain. Spain imports Cork & cork articles primarily from: Portugal ($190M), France ($15.2M), Morocco ($8.78M), Italy ($7.5M), and Tunisia ($4.77M).

The fastest growing import markets in Cork & cork articles for Spain between 2021 and 2022 were Portugal ($13.4M), Morocco ($5.81M), and China ($921k).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Cork & cork articles exports accounted up to €27.7M and imports accounted up to €19.5M, resulting in a positive trade balance of €8.21M. Between June 2023 and June 2024 the exports of Spain's   Cork & cork articles have decreased by €-4.71M (-14.5%) from €32.4M to €27.7M, while imports decreased by €-2.74M (-12.3%) from €22.2M to €19.5M.

Destinations In June 2024, Cork & cork articles were exported mostly to France (€10.1M), Portugal (€8.53M), Chile (€2.59M), Italy (€2.45M), and United States (€1.89M), and were imported mostly from Portugal (€16M), Italy (€1.39M), France (€1.13M), Morocco (€431k), and China (€147k).

Growth In June 2024, the decrease in Cork & cork articles's year-by-year exports was explained primarily by a decrease in exports to France (€-616k or -5.8%), Italy (€-540k or -14%), and South Africa (€-212k or -84.3%). In June 2024, the decrease in Cork & cork articles's year-by-year imports was explained primarily by a decrease in imports from Belgium (€-11.2k or -27.6%), Poland (€-10.3k or -94.9%), and France (€-2.37k or -0.19%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-4.71M(-14.5%)
IMPORT GROWTH (June 2023 - June 2024)€-2.74M(-12.3%)
MAIN EXPORTER (June 2024)Badajoz€16.8M
MAIN DESTINATION (June 2024)France€10.1M

This section shows Cork & cork articles'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 Cork & cork articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$428M
IMPORTS (2022)$232M
NET TRADE (2022)$195M

In 2022, Spain exported $428M in Cork & cork articles. The main destinations of Spain exports on Cork & cork articles were Portugal ($184M), France ($106M), Italy ($48.6M), United States ($32.6M), and Chile ($11.5M).

In 2022, Spain imported $232M in Cork & cork articles, mainly from Portugal ($190M), France ($15.2M), Morocco ($8.78M), Italy ($7.5M), and Tunisia ($4.77M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cork & cork articles EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Portugal$22.4M (13.8%)
Italy$12.6M (34.9%)
Mexico$5.3M (175%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cork & cork articles BY Spain WERE (2021 - 2022):
France-$18.3M (-14.7%)
United States-$2.72M (-7.68%)
Germany-$851k (-25.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Cork & cork articles were:
Portugal $1.24B
France $108M
In 2022, Spain's main importing competitors in Cork & cork articles were:
France $368M
United States $292M
Portugal $241M

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Trade Value of Cork & cork articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.94M
TOP IMPORT POTENTIALFrance+ $1.73M

Cork & cork articles’s highest export potential is Germany. With an export gap of $1.94M.   Cork & cork articles’s highest import potential is France with an import gap of $1.73M.

See methodology.

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