Lubricating Products in Spain2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $3.09M | $3.81M, United Kingdom | France
2020 ECONOMIC COMPLEXITY of Spain: 0.76, Rnk 34 / 127
2020 PRODUCT COMPLEXITY IN Lubricating Products: 1.66, Rnk 30 / 1029
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%).
October 2022
Overview In October 2022 Spain's Lubricating Products exports accounted up to €17.7M and imports accounted up to €16.2M, resulting in a positive trade balance of €1.56M. Between October 2021 and October 2022 the exports of Spain's Lubricating Products have increased by €2.55M (16.8%) from €15.2M to €17.7M, while imports increased by €3.47M (27.3%) from €12.7M to €16.2M.
Destinations In October 2022, Lubricating Products were exported mostly to N/A, and were imported mostly from N/A.
Growth In October 2022, the increase in Lubricating Products's year-by-year exports was explained primarily by an increase in exports to N/A. In October 2022, the increase in Lubricating Products's year-by-year imports was explained primarily by an increase in imports from .
EXPORT GROWTH (October 2021 - October 2022): €2.55M, (16.8%)
IMPORT GROWTH (October 2021 - October 2022): €3.47M, (27.3%)
MAIN EXPORTER (October 2022): Barcelona, €11.5M
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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IMPORTS (2020): $147M
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).
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 2020, Spain's main exporting competitors in Lubricating Products were:
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