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2023
Exports $234MWorld Rnk 15 / 150
Flag Rnk 310 / 1215
2023
Destination $42.1M Italy
2022 - 2023
FASTEST GROWING MARKET $42.1MItaly
2023
PRODUCT COMPLEXITY IN Palm Oil-2.25Rnk 1010 / 1025
2023
Imports $1.21BWorld Rnk 8 / 206
Flag Rnk 79 / 1214
2023
Origin $81.3M Indonesia
2022 - 2023
FASTEST GROWING ORIGIN $81.3MIndonesia
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $234M in Palm Oil, making it the 15th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 310th most exported product in Spain. The main destination of Palm Oil exports from Spain are: Italy ($74.9M), Portugal ($52.5M), France ($44.4M), Belgium ($16.4M), and Netherlands ($11.8M).

The fastest growing export markets for Palm Oil of Spain between 2022 and 2023 were Italy ($42.1M), Portugal ($38.5M), and Poland ($6.36M).

Imports In 2023, Spain imported $1.21B in Palm Oil, becoming the 8th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 79th most imported product in Spain. Spain imports Palm Oil primarily from: Indonesia ($725M), Guatemala ($166M), Malaysia ($70.9M), Honduras ($55.7M), and Netherlands ($45.2M).

The fastest growing import markets in Palm Oil for Spain between 2022 and 2023 were Indonesia ($81.3M), Costa Rica ($33.4M), and Honduras ($32.2M).

Latest Trends

December 2024

About

Overview In December 2024 Spain's Palm Oil exports accounted up to €7.89M and imports accounted up to €40.9M, resulting in a negative trade balance of €33.1M. Between December 2023 and December 2024 the exports of Spain's   Palm Oil have decreased by €-4.41M (-35.9%) from €12.3M to €7.89M, while imports decreased by €-30.8M (-42.9%) from €71.8M to €40.9M.

Destinations In December 2024, Palm Oil were exported mostly to France (€3.33M), Italy (€1.62M), Portugal (€981k), Belgium (€653k), and Austria (€305k), and were imported mostly from Netherlands (€12.4M), Indonesia (€11.2M), Guatemala (€8.08M), Papua New Guinea (€3.41M), and Italy (€1.52M).

Growth In December 2024, the decrease in Palm Oil's year-by-year exports was explained primarily by a decrease in exports to France (€-2.09M or -39.6%), Belgium (€-1.88M or -67.8%), and Italy (€-1.07M or -30%). In December 2024, the decrease in Palm Oil's year-by-year imports was explained primarily by a decrease in imports from Indonesia (€-63.6M or -67.4%), Guatemala (€-10.6M or -74.4%), and Malaysia (€-6.14M or -55.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€-4.41M(-35.9%)
IMPORT GROWTH (December 2023 - December 2024)€-30.8M(-42.9%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)France€3.33M

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.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$234M
IMPORTS (2023)$1.21B
NET TRADE (2023)-$979M

In 2023, Spain exported $234M in Palm Oil. The main destinations of Spain exports on Palm Oil were Italy ($74.9M), Portugal ($52.5M), France ($44.4M), Belgium ($16.4M), and Netherlands ($11.8M).

In 2023, Spain imported $1.21B in Palm Oil, mainly from Indonesia ($725M), Guatemala ($166M), Malaysia ($70.9M), Honduras ($55.7M), and Netherlands ($45.2M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Italy$42.1M (128%)
Portugal$38.5M (275%)
Poland$6.36M (428%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Spain WERE (2022 - 2023):
Ukraine-$3.92M (-99.7%)
Morocco-$1.6M (-92.8%)
Romania-$1.33M (-32.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Palm Oil were:
Indonesia $24.8B
Malaysia $14B
Netherlands $1.12B
In 2023, Spain's main importing competitors in Palm Oil were:
India $8.7B
China $4.85B
Pakistan $2.86B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $4.3M
TOP IMPORT POTENTIALMalaysia+ $32.7M

Palm Oil’s highest export potential is Netherlands. With an export gap of $4.3M.   Palm Oil’s highest import potential is Malaysia with an import gap of $32.7M.

See methodology.

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