Ground Nut Oil in Spain 2021 Exports | Imports : $1.23M | $3.48M, World Rnk 18 / 102 Rnk 1128 / 1214 | World Rnk 13 / 186 Rnk 1104 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $290k | $1.58M, Germany | Italy
2021 ECONOMIC COMPLEXITY of Spain: 0.78, Rnk 35 / 131
2021 PRODUCT COMPLEXITY IN Ground Nut Oil: -1.79, Rnk 990 / 1029
Exports In 2021, Spain exported $1.23M in Ground Nut Oil, making it the 18th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1128th most exported product in Spain. The main destination of Ground Nut Oil exports from Spain are: Germany ($472k), China ($136k), France ($117k), Canada ($75.6k), and Sweden ($74.2k).
The fastest growing export markets for Ground Nut Oil of Spain between 2020 and 2021 were Germany ($290k), China ($111k), and Sweden ($49.3k).
Imports In 2021, Spain imported $3.48M in Ground Nut Oil, becoming the 13th largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1104th most imported product in Spain. Spain imports Ground Nut Oil primarily from: Italy ($1.8M), Belgium ($1.07M), Germany ($345k), France ($156k), and United Kingdom ($96.2k).
The fastest growing import markets in Ground Nut Oil for Spain between 2020 and 2021 were Italy ($1.58M), Belgium ($683k), and Germany ($243k).
Tariffs In 2019, the average tariff for Spain in Ground Nut Oil was 2.05%. The countries with the highest import tariffs for Ground Nut Oil were Republic of the Congo (Most Favoured Nation duty rate treatment, 5.28%), Algeria (Most Favoured Nation duty rate treatment, 5.28%), Western Sahara (Most Favoured Nation duty rate treatment, 5.28%), Gabon (Most Favoured Nation duty rate treatment, 5.28%), and Libya (Most Favoured Nation duty rate treatment, 5.28%).
January 2023
Overview In January 2023 Spain's Ground Nut Oil exports accounted up to €90.1k and imports accounted up to €147k, resulting in a negative trade balance of €57.2k. Between January 2022 and January 2023 the exports of Spain's Ground Nut Oil have decreased by €-1.58k (-1.73%) from €91.7k to €90.1k, while imports increased by €66.8k (83%) from €80.5k to €147k.
Destinations In January 2023, Ground Nut Oil were exported mostly to Germany (€76.7k), Mali (€7.08k), United States (€4.47k), Pakistan (€1.8k), and Portugal (€89.8), and were imported mostly from Belgium (€127k), United Kingdom (€11.9k), France (€3.18k), Germany (€2.4k), and Netherlands (€2.27k).
Growth In January 2023, the decrease in Ground Nut Oil's year-by-year exports was explained primarily by a decrease in exports to . In January 2023, the increase in Ground Nut Oil's year-by-year imports was explained primarily by an increase in imports from Germany (€23.7k or 289%) and France (€1.19k or 16.2%).
EXPORT GROWTH (January 2022 - January 2023): €-1.58k, (-1.73%)
IMPORT GROWTH (January 2022 - January 2023): €66.8k, (83%)
MAIN EXPORTER (January 2023): Barcelona, €78.5k
MAIN DESTINATION (January 2023): Germany, €76.7k
This section shows Ground Nut Oil'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 Ground Nut Oil over time.
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EXPORTS (2021): $1.23M
IMPORTS (2021): $3.48M
NET TRADE (2021): -$2.25M
In 2021, Spain exported $1.23M in Ground Nut Oil. The main destinations of Spain exports on Ground Nut Oil were Germany ($472k), China ($136k), France ($117k), Canada ($75.6k), and Sweden ($74.2k).
In 2021, Spain imported $3.48M in Ground Nut Oil, mainly from Italy ($1.8M), Belgium ($1.07M), Germany ($345k), France ($156k), and United Kingdom ($96.2k).
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Spain WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Spain WERE (2020 - 2021):
In 2021, Spain's main exporting competitors in Ground Nut Oil were:
In 2021, Spain's main importing competitors in Ground Nut Oil were:
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