Mineral fuels, mineral oils and products of their distillation in Spain

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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

September 2024

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Overview In September 2024 Spain's Mineral fuels, mineral oils and products of their distillation exports accounted up to €1.66B and imports accounted up to €3.92B, resulting in a negative trade balance of €2.26B. Between September 2023 and September 2024 the exports of Spain's Mineral fuels, mineral oils and products of their distillation have decreased by €-627M (-27.4%) from €2.28B to €1.66B, while imports decreased by €-1.57B (-28.6%) from €5.49B to €3.92B.

Destinations In September 2024, Mineral fuels, mineral oils and products of their distillation were exported mostly to Rest of the world (€544M), France (€275M), Portugal (€223M), Netherlands (€115M), and Morocco (€110M), and were imported mostly from United States (€700M), Algeria (€468M), Brazil (€317M), Nigeria (€270M), and Mexico (€240M).

Growth In September 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by a decrease in exports to Portugal (€-71.8M or -22.4%), Belgium (€-61.5M or -62.1%), and Netherlands (€-49.3M or -26.2%). In September 2024, the decrease in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by a decrease in imports from United States (€-413M or -32.4%), United Kingdom (€-172M or -77.8%), and Iraq (€-86.4M or -58.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (September 2023 - September 2024)€-627M(-27.4%)

IMPORT GROWTH (September 2023 - September 2024)€-1.57B(-28.6%)

MAIN EXPORTER (September 2024)Madrid€548M

MAIN DESTINATION (September 2024)Rest of the world€544M

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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