Lubricating Products in Spain 2020 Exports | Imports : $183M | $147M, World Rnk 12 / 178 Rnk 307 / 1213 | World Rnk 18 / 222 Rnk 363 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $3.09M | $3.81M, United Kingdom | France
Exports In 2020, Spain exported $183M in Lubricating Products, making it the 12th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 307th most exported product in Spain. The main destination of Lubricating Products exports from Spain are: Germany ($26.4M), Portugal ($25.2M), China ($14.1M), Italy ($11M), and France ($10.2M).
The fastest growing export markets for Lubricating Products of Spain between 2019 and 2020 were United Kingdom ($3.09M), Morocco ($1.29M), and Belgium ($801k).
Imports In 2020, Spain imported $147M in Lubricating Products, becoming the 18th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 363rd most imported product in Spain. Spain imports Lubricating Products primarily from: Germany ($44.9M), France ($43.4M), Belgium ($14M), Netherlands ($11.9M), and Italy ($11.5M).
The fastest growing import markets in Lubricating Products for Spain between 2019 and 2020 were France ($3.81M), Switzerland ($863k), and Italy ($796k).
Tariffs In 2019, the average tariff for Spain in Lubricating Products was 1.8%. The countries with the highest import tariffs for Lubricating Products were Republic of the Congo (Most Favoured Nation duty rate treatement, 4.92%), Western Sahara (Most Favoured Nation duty rate treatement, 4.92%), Gabon (Most Favoured Nation duty rate treatement, 4.92%), Libya (Most Favoured Nation duty rate treatement, 4.92%), and Mayotte (Most Favoured Nation duty rate treatement, 4.92%).
November 2021
Overview In November 2021 Spain's Lubricating Products exports accounted up to €15.5M and imports accounted up to €12M, resulting in a positive trade balance of €3.5M. Between November 2020 and November 2021 the exports of Spain's Lubricating Products have increased by €832k (5.67%) from €14.7M to €15.5M, while imports increased by €592k (5.19%) from €11.4M to €12M.
Destinations In November 2021, Lubricating Products were exported mostly to Portugal (€2.09M), Germany (€1.65M), China (€1.48M), Turkey (€1.06M), and Italy (€1.02M), and were imported mostly from France (€3.29M), Germany (€3.24M), Italy (€1.67M), Belgium (€1.14M), and Netherlands (€913k).
Growth In November 2021, the increase in Lubricating Products's year-by-year exports was explained primarily by an increase in exports to Turkey (€230k or 62.7%), United Kingdom (€201k or 62.5%), and Vietnam (€141k or 287%). In November 2021, the increase in Lubricating Products's year-by-year imports was explained primarily by an increase in imports from France (€188k or 5.84%), Belgium (€100k or 14.1%), and Portugal (€50k or 73.8%).
EXPORT GROWTH (November 2020 - November 2021): €832k, (5.67%)
IMPORT GROWTH (November 2020 - November 2021): €592k, (5.19%)
MAIN EXPORTER (November 2021): Barcelona, €10M
MAIN DESTINATION (November 2021): Portugal, €2.09M
This section shows Lubricating Products'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 Lubricating Products over time.
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EXPORTS (2020): $183M
IMPORTS (2020): $147M
NET TRADE (2020): $35.8M
In 2020, Spain exported $183M in Lubricating Products. The main destinations of Spain exports on Lubricating Products were Germany ($26.4M), Portugal ($25.2M), China ($14.1M), Italy ($11M), and France ($10.2M).
In 2020, Spain imported $147M in Lubricating Products, mainly from Germany ($44.9M), France ($43.4M), Belgium ($14M), Netherlands ($11.9M), and Italy ($11.5M).
IN 2020, Spain HAD A POSITIVE NET TRADE IN Lubricating Products WITH:
IN 2020, Spain HAD A NEGATIVE NET TRADE IN Lubricating Products WITH:
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Spain WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Spain WERE (2019 - 2020):
In 2019, Spain's main exporting competitors in Lubricating Products were:
In 2019, the average tariff for Spain in Lubricating Products was 1.8%.
The countries with the highest tariffs for Lubricating Products in Spain were Republic of the Congo (Most Favoured Nation duty rate treatement, 4.92%), Western Sahara (Most Favoured Nation duty rate treatement, 4.92%), Gabon (Most Favoured Nation duty rate treatement, 4.92%), Libya (Most Favoured Nation duty rate treatement, 4.92%), and Mayotte (Most Favoured Nation duty rate treatement, 4.92%).
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