Palm Oil in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $154M in Palm Oil, making it the 22nd largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 394th most exported product in Spain. The main destination of Palm Oil exports from Spain are: France ($40.5M), Italy ($30.2M), Portugal ($21.2M), Netherlands ($18.7M), and Belgium ($13M).

The fastest growing export markets for Palm Oil of Spain between 2021 and 2022 were Italy ($21.4M), France ($19.5M), and Netherlands ($14.9M).

Imports In 2022, Spain imported $1.21B in Palm Oil, becoming the 13th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 82nd most imported product in Spain. Spain imports Palm Oil primarily from: Indonesia ($648M), Guatemala ($181M), Malaysia ($148M), Colombia ($81.7M), and Gabon ($31.7M).

The fastest growing import markets in Palm Oil for Spain between 2021 and 2022 were Malaysia ($93.5M), Guatemala ($23.6M), and Gabon ($22.5M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Palm Oil from Spain to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Spain's Palm Oil exports accounted up to €12.8M and imports accounted up to €64.4M, resulting in a negative trade balance of €51.6M. Between January 2023 and January 2024 the exports of Spain's Palm Oil have decreased by €-5.91M (-31.6%) from €18.7M to €12.8M, while imports decreased by €-66.4M (-50.8%) from €131M to €64.4M.

Destinations In January 2024, Palm Oil were exported mostly to Portugal (€4.98M), France (€3.19M), Italy (€2.51M), Belgium (€894k), and United Kingdom (€376k), and were imported mostly from Indonesia (€30.8M), Gabon (€13.7M), Honduras (€7.1M), Malaysia (€4.96M), and Guatemala (€3.66M).

Growth In January 2024, the decrease in Palm Oil's year-by-year exports was explained primarily by a decrease in exports to . In January 2024, the decrease in Palm Oil's year-by-year imports was explained primarily by a decrease in imports from Colombia (€-4.39M or -99.7%), Germany (€-793k or -94.6%), and Guatemala (€-520k or -3.51%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-5.91M(-31.6%)

IMPORT GROWTH (January 2023 - January 2024)€-66.4M(-50.8%)

MAIN EXPORTER (January 2024)Barcelona€8.46M

MAIN DESTINATION (January 2024)Portugal€4.98M

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.

Go to Bulk Download

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$154M

IMPORTS (2022)$1.21B

NET TRADE (2022)-$1.06B

In 2022, Spain exported $154M in Palm Oil. The main destinations of Spain exports on Palm Oil were France ($40.5M), Italy ($30.2M), Portugal ($21.2M), Netherlands ($18.7M), and Belgium ($13M).

In 2022, Spain imported $1.21B in Palm Oil, mainly from Indonesia ($648M), Guatemala ($181M), Malaysia ($148M), Colombia ($81.7M), and Gabon ($31.7M).

Explore Visualizations