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2022
Exports $244MWorld Rnk 11 / 195
Flag Rnk 302 / 1214
2022
Destination $3.68M Germany
2021 - 2022
FASTEST GROWING MARKET $3.68MSouth Korea
2022
PRODUCT COMPLEXITY IN Lubricating Products1.61Rnk 36 / 1025
2022
Imports $183MWorld Rnk 18 / 224
Flag Rnk 386 / 1214
2022
Origin $3.19M Germany
2021 - 2022
FASTEST GROWING ORIGIN $3.19MGermany
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $244M in Lubricating Products, making it the 11th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 302nd most exported product in Spain. The main destination of Lubricating Products exports from Spain are: Germany ($31.5M), Portugal ($27.4M), France ($17.1M), Italy ($16.1M), and China ($14.9M).

The fastest growing export markets for Lubricating Products of Spain between 2021 and 2022 were South Korea ($3.68M), Italy ($2.94M), and United States ($2.62M).

Imports In 2022, Spain imported $183M in Lubricating Products, becoming the 18th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 386th most imported product in Spain. Spain imports Lubricating Products primarily from: Germany ($56.9M), France ($44.4M), Netherlands ($18.1M), Belgium ($17.7M), and Italy ($16.5M).

The fastest growing import markets in Lubricating Products for Spain between 2021 and 2022 were Germany ($3.19M), Netherlands ($2.94M), and United States ($2.89M).

COMPANIES In 2023, leading companies such as Volkswagen (1) were at the forefront of shipping Lubricating Products from Spain to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Spain's Lubricating Products exports accounted up to €14.7M and imports accounted up to €15M, resulting in a negative trade balance of €238k. Between August 2023 and August 2024 the exports of Spain's   Lubricating Products have decreased by €-700k (-4.54%) from €15.4M to €14.7M, while imports increased by €374k (2.56%) from €14.6M to €15M.

Destinations In August 2024, Lubricating Products were exported mostly to Germany (€2.67M), Portugal (€1.55M), United States (€1.07M), France (€759k), and Italy (€679k), and were imported mostly from France (€4.25M), Germany (€3.41M), Netherlands (€2.76M), Belgium (€1.69M), and Italy (€848k).

Growth In August 2024, the decrease in Lubricating Products's year-by-year exports was explained primarily by a decrease in exports to Italy (€-190k or -14.7%), Brazil (€-177k or -41.7%), and Czechia (€-138k or -45.9%). In August 2024, the increase in Lubricating Products's year-by-year imports was explained primarily by an increase in imports from Netherlands (€2.21M or 150%), Belgium (€414k or 49.3%), and Mexico (€376k or 80.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-700k(-4.54%)
IMPORT GROWTH (August 2023 - August 2024)€374k(2.56%)
MAIN EXPORTER (August 2024)Barcelona€14.2M
MAIN DESTINATION (August 2024)Germany€2.67M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$244M
IMPORTS (2022)$183M
NET TRADE (2022)$60.9M

In 2022, Spain exported $244M in Lubricating Products. The main destinations of Spain exports on Lubricating Products were Germany ($31.5M), Portugal ($27.4M), France ($17.1M), Italy ($16.1M), and China ($14.9M).

In 2022, Spain imported $183M in Lubricating Products, mainly from Germany ($56.9M), France ($44.4M), Netherlands ($18.1M), Belgium ($17.7M), and Italy ($16.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Spain WERE (2021 - 2022):
South Korea$3.68M (114%)
Italy$2.94M (22.3%)
United States$2.62M (99.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Spain WERE (2021 - 2022):
China-$3.44M (-18.8%)
Chile-$1.65M (-45.6%)
Russia-$1.07M (-59.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Lubricating Products were:
Germany $2.32B
United States $1.94B
Japan $1.24B
In 2022, Spain's main importing competitors in Lubricating Products were:
China $1.71B
Germany $676M
Mexico $433M

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Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $11.4M
TOP IMPORT POTENTIALFrance+ $10.5M

Lubricating Products’s highest export potential is China. With an export gap of $11.4M.   Lubricating Products’s highest import potential is France with an import gap of $10.5M.

See methodology.

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