2022
Exports
$33.6BWorld Rnk 32 / 216
Flag Rnk 2 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$84.9BWorld Rnk 13 / 225
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of Spain
0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $33.6B in Mineral fuels, mineral oils and products of their distillation, making it the 32nd largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 2nd most exported product in Spain. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Spain are: France ($9.49B), Portugal ($4.82B), Netherlands ($3.02B), United States ($2.71B), and Morocco ($2.65B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Spain between 2021 and 2022 were France ($5.94B), Portugal ($1.97B), and Netherlands ($1.47B).

Imports In 2022, Spain imported $84.9B in Mineral fuels, mineral oils and products of their distillation, becoming the 13th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Spain. Spain imports Mineral fuels, mineral oils and products of their distillation primarily from: United States ($14.1B), Nigeria ($9.26B), Algeria ($6.72B), Russia ($6.22B), and Brazil ($3.99B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Spain between 2021 and 2022 were United States ($9.04B), Brazil ($2.89B), and Nigeria ($2.7B).

COMPANIES In 2023, leading companies such as Mahle Behr (30), Volkswagen (13), and Cosentino (3) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from Spain to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-144M(-7.15%)
IMPORT GROWTH (June 2023 - June 2024)€47.9M(1.14%)
MAIN EXPORTER (June 2024)Madrid€548M
MAIN DESTINATION (June 2024)Rest of the world€636M

This section shows Mineral fuels, mineral oils and products of their distillation'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 Mineral fuels, mineral oils and products of their distillation over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$33.6B
IMPORTS (2022)$84.9B
NET TRADE (2022)-$51.3B

In 2022, Spain exported $33.6B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Spain exports on Mineral fuels, mineral oils and products of their distillation were France ($9.49B), Portugal ($4.82B), Netherlands ($3.02B), United States ($2.71B), and Morocco ($2.65B).

In 2022, Spain imported $84.9B in Mineral fuels, mineral oils and products of their distillation, mainly from United States ($14.1B), Nigeria ($9.26B), Algeria ($6.72B), Russia ($6.22B), and Brazil ($3.99B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$5.94B (167%)
Portugal$1.97B (68.9%)
Netherlands$1.47B (94.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Spain WERE (2021 - 2022):
China-$172M (-79.1%)
South Korea-$171M (-96.2%)
Japan-$127M (-33.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Spain's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.04B
TOP IMPORT POTENTIALAlgeria+ $2.17B

Mineral fuels, mineral oils and products of their distillation’s highest export potential is France. With an export gap of $1.04B.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is Algeria with an import gap of $2.17B.

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