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2022
Exports $1.37MWorld Rnk 17 / 99
Flag Rnk 1122 / 1214
2022
Destination $361k France
2021 - 2022
FASTEST GROWING MARKET $361kFrance
2022
PRODUCT COMPLEXITY IN Ground Nut Oil-1.93Rnk 993 / 1025
2022
Imports $2.22MWorld Rnk 16 / 185
Flag Rnk 1133 / 1214
2022
Origin $225k Belgium
2021 - 2022
FASTEST GROWING ORIGIN $225kBelgium
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $1.37M in Ground Nut Oil, making it the 17th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1122nd most exported product in Spain. The main destination of Ground Nut Oil exports from Spain are: France ($479k), Belgium ($139k), Germany ($132k), China ($102k), and Canada ($88.8k).

The fastest growing export markets for Ground Nut Oil of Spain between 2021 and 2022 were France ($361k), Belgium ($92.4k), and Luxembourg ($75.8k).

Imports In 2022, Spain imported $2.22M in Ground Nut Oil, becoming the 16th largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 1133rd most imported product in Spain. Spain imports Ground Nut Oil primarily from: Belgium ($1.26M), Germany ($463k), Italy ($246k), France ($157k), and United Kingdom ($64.1k).

The fastest growing import markets in Ground Nut Oil for Spain between 2021 and 2022 were Belgium ($225k), Germany ($121k), and United States ($16.4k).

Latest Trends

August 2024

About

Overview In August 2024 Spain's Ground Nut Oil exports accounted up to €146k and imports accounted up to €162k, resulting in a negative trade balance of €16k. Between August 2023 and August 2024 the exports of Spain's   Ground Nut Oil have increased by €58.9k (67.4%) from €87.4k to €146k, while imports increased by €9.14k (5.97%) from €153k to €162k.

Destinations In August 2024, Ground Nut Oil were exported mostly to Germany (€58.7k), Luxembourg (€34.3k), Netherlands (€28.7k), Belgium (€24.5k), and France (€119), and were imported mostly from Belgium (€151k), Germany (€7.52k), France (€3.32k), Netherlands (€336), and Austria (€280).

Growth In August 2024, the increase in Ground Nut Oil's year-by-year exports was explained primarily by an increase in exports to Germany (€36k or 88.7%). In August 2024, the increase in Ground Nut Oil's year-by-year imports was explained primarily by an increase in imports from Belgium (€87.4k or 219%) and United Kingdom (€11.7k or 6.8k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€58.9k(67.4%)
IMPORT GROWTH (August 2023 - August 2024)€9.14k(5.97%)
MAIN EXPORTER (August 2024)Barcelona€231k
MAIN DESTINATION (August 2024)Germany€58.7k

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.37M
IMPORTS (2022)$2.22M
NET TRADE (2022)-$854k

In 2022, Spain exported $1.37M in Ground Nut Oil. The main destinations of Spain exports on Ground Nut Oil were France ($479k), Belgium ($139k), Germany ($132k), China ($102k), and Canada ($88.8k).

In 2022, Spain imported $2.22M in Ground Nut Oil, mainly from Belgium ($1.26M), Germany ($463k), Italy ($246k), France ($157k), and United Kingdom ($64.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$361k (306%)
Belgium$92.4k (198%)
Luxembourg$75.8k (1.66k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Spain WERE (2021 - 2022):
Germany-$340k (-72%)
Sweden-$58k (-78.2%)
China-$33.9k (-25%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Ground Nut Oil were:
Brazil $277M
India $156M
Argentina $128M
In 2022, Spain's main importing competitors in Ground Nut Oil were:
China $475M
Italy $65.8M
United States $54.3M

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Trade Value of Ground Nut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $193k
TOP IMPORT POTENTIALFrance+ $81.1k

Ground Nut Oil’s highest export potential is China. With an export gap of $193k.   Ground Nut Oil’s highest import potential is France with an import gap of $81.1k.

See methodology.

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