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2023
Exports $29.2BWorld Rnk 33 / 224
Flag Rnk 5 / 21
2023
Destination $525M France
2022 - 2023
FASTEST GROWING MARKET $525MBrazil
2023
PRODUCT COMPLEXITY IN Mineral Products0.38Rnk 423 / 1025
2023
Imports $72BWorld Rnk 13 / 226
Flag Rnk 2 / 21
2023
Origin $603M United States
2022 - 2023
FASTEST GROWING ORIGIN $603MQatar
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $29.2B in Mineral Products, making it the 33rd largest exporter of Mineral Products in the world. At the same year, Mineral Products was the 5th most exported product in Spain. The main destination of Mineral Products exports from Spain are: France ($6.94B), Portugal ($3.68B), Morocco ($2.85B), United States ($2.51B), and Netherlands ($1.66B).

The fastest growing export markets for Mineral Products of Spain between 2022 and 2023 were Brazil ($525M), Cyprus ($465M), and Germany ($321M).

Imports In 2023, Spain imported $72B in Mineral Products, becoming the 13th largest importer of Mineral Products in the world. At the same year, Mineral Products was the 2nd most imported product in Spain. Spain imports Mineral Products primarily from: United States ($10.9B), Algeria ($6.65B), Nigeria ($5.63B), Mexico ($3.99B), and Brazil ($3.81B).

The fastest growing import markets in Mineral Products for Spain between 2022 and 2023 were Qatar ($603M), India ($561M), and Angola ($530M).

COMPANIES In 2023, leading companies such as Cosentino (124), John Deere (120), and Mahle Behr (30) were at the forefront of shipping Mineral Products from Spain to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Spain's Mineral Products exports accounted up to €1.88B and imports accounted up to €5.73B, resulting in a negative trade balance of €3.84B. Between November 2023 and November 2024 the exports of Spain's   Mineral Products have decreased by €-642M (-25.4%) from €2.53B to €1.88B, while imports decreased by €-203M (-3.43%) from €5.93B to €5.73B.

Destinations In November 2024, Mineral Products were exported mostly to Rest of the world (€503M), Portugal (€273M), France (€197M), China (€110M), and Italy (€85.9M), and were imported mostly from Algeria (€806M), United States (€778M), Mexico (€479M), Brazil (€423M), and Italy (€325M).

Growth In November 2024, the decrease in Mineral Products's year-by-year exports was explained primarily by a decrease in exports to Belgium (€-70.1M or -61.2%), China (€-70M or -59.2%), and Portugal (€-66.2M or -20%). In November 2024, the decrease in Mineral Products's year-by-year imports was explained primarily by a decrease in imports from United States (€-490M or -36.2%), United Kingdom (€-172M or -77.4%), and Iraq (€-86.4M or -58.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-642M(-25.4%)
IMPORT GROWTH (November 2023 - November 2024)€-203M(-3.43%)
MAIN EXPORTER (November 2024)Madrid€567M
MAIN DESTINATION (November 2024)Rest of the world€503M

This section shows Mineral 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 Mineral Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$29.2B
IMPORTS (2023)$72B
NET TRADE (2023)-$42.8B

In 2023, Spain exported $29.2B in Mineral Products. The main destinations of Spain exports on Mineral Products were France ($6.94B), Portugal ($3.68B), Morocco ($2.85B), United States ($2.51B), and Netherlands ($1.66B).

In 2023, Spain imported $72B in Mineral Products, mainly from United States ($10.9B), Algeria ($6.65B), Nigeria ($5.63B), Mexico ($3.99B), and Brazil ($3.81B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mineral Products EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Brazil$525M (86.5%)
Cyprus$465M (554%)
Germany$321M (121%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral Products BY Spain WERE (2022 - 2023):
France-$2.9B (-29.5%)
Portugal-$1.2B (-24.6%)
Netherlands-$921M (-35.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Mineral Products were:
United States $361B
Russia $248B
Australia $240B
In 2023, Spain's main importing competitors in Mineral Products were:
China $719B
United States $276B
India $233B

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Trade Value of Mineral Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.07B
TOP IMPORT POTENTIALAlgeria+ $2.18B

Mineral Products’s highest export potential is France. With an export gap of $1.07B.   Mineral Products’s highest import potential is Algeria with an import gap of $2.18B.

See methodology.

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