Palm Oil in Spain 2020 Exports | Imports : $58.5M | $1.25B, World Rnk 24 / 140 Rnk 555 / 1213 | World Rnk 5 / 202 Rnk 51 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $3.1M | $229M, France | Indonesia
2020 ECONOMIC COMPLEXITY of Spain: 0.76, Rnk 34 / 127
2020 PRODUCT COMPLEXITY IN Palm Oil: -2.13, Rnk 1013 / 1029
Exports In 2020, Spain exported $58.5M in Palm Oil, making it the 24th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 555th most exported product in Spain. The main destination of Palm Oil exports from Spain are: Portugal ($26.7M), France ($14.2M), Italy ($10.2M), Belgium ($1.67M), and Austria ($1.22M).
The fastest growing export markets for Palm Oil of Spain between 2019 and 2020 were France ($3.1M), Italy ($3.07M), and Belgium ($1.06M).
Imports In 2020, Spain imported $1.25B in Palm Oil, becoming the 5th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 51st most imported product in Spain. Spain imports Palm Oil primarily from: Indonesia ($854M), Malaysia ($124M), Guatemala ($108M), Colombia ($59.1M), and Honduras ($42.1M).
The fastest growing import markets in Palm Oil for Spain between 2019 and 2020 were Indonesia ($229M), Guatemala ($28.6M), and Colombia ($14.9M).
Tariffs In 2019, the average tariff for Spain in Palm Oil was 2.8%. The countries with the highest import tariffs for Palm Oil were Republic of the Congo (Most Favoured Nation duty rate treatement, 7.2%), Algeria (Most Favoured Nation duty rate treatement, 7.2%), Western Sahara (Most Favoured Nation duty rate treatement, 7.2%), Gabon (Most Favoured Nation duty rate treatement, 7.2%), and Libya (Most Favoured Nation duty rate treatement, 7.2%).
November 2022
Overview In November 2022 Spain's Palm Oil exports accounted up to €17.4M and imports accounted up to €90.9M, resulting in a negative trade balance of €73.5M. Between November 2021 and November 2022 the exports of Spain's Palm Oil have increased by €14.1M (416%) from €3.38M to €17.4M, while imports decreased by €-39.4M (-30.3%) from €130M to €90.9M.
Destinations In November 2022, Palm Oil were exported mostly to Italy (€5.6M), France (€4.21M), Belgium (€2.33M), Portugal (€1.85M), and Netherlands (€929k), and were imported mostly from Indonesia (€75.8M), Guatemala (€2.95M), Netherlands (€2.89M), Honduras (€2.7M), and Malaysia (€2.14M).
Growth In November 2022, the increase in Palm Oil's year-by-year exports was explained primarily by an increase in exports to France (€183k or 21.1%), Italy (€80.2k or 9.18%), and Morocco (€25.3k or 37.6%). In November 2022, the decrease in Palm Oil's year-by-year imports was explained primarily by a decrease in imports from Malaysia (€-9.22M or -48.7%), Guatemala (€-8.46M or -65.3%), and Colombia (€-6.6M or -100%).
EXPORT GROWTH (November 2021 - November 2022): €14.1M, (416%)
IMPORT GROWTH (November 2021 - November 2022): €-39.4M, (-30.3%)
MAIN EXPORTER (November 2022): Barcelona, €16.5M
MAIN DESTINATION (November 2022): Italy, €5.6M
This section shows Palm Oil'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 Palm Oil over time.
For full datasets download visit Bulk Download page.
EXPORTS (2020): $58.5M
IMPORTS (2020): $1.25B
NET TRADE (2020): -$1.19B
In 2020, Spain exported $58.5M in Palm Oil. The main destinations of Spain exports on Palm Oil were Portugal ($26.7M), France ($14.2M), Italy ($10.2M), Belgium ($1.67M), and Austria ($1.22M).
In 2020, Spain imported $1.25B in Palm Oil, mainly from Indonesia ($854M), Malaysia ($124M), Guatemala ($108M), Colombia ($59.1M), and Honduras ($42.1M).
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Spain WERE (2019 - 2020):
In 2020, Spain's main exporting competitors in Palm Oil were:
Have questions, comments, or concerns?
Send us an e-mail: [email protected]
v5.1.13 koala