HS Icon Palm Oil in  Flag Spain

2020
Exports | Imports
: $58.5M | $1.25B, World Rnk 24 / 140
Flag Rnk 555 / 1213 | World Rnk 5 / 202
Flag 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

Subnational Monthly Trade

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Time Scale
Flow
Value

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.

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Historical Data

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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).

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Flow

THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Spain WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Spain WERE (2019 - 2020):

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Market Concentration

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In 2020, Spain's main exporting competitors in Palm Oil were:

In 2020, Spain's main importing competitors in Palm Oil were:

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