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2022
Exports $154MWorld Rnk 22 / 149
Flag Rnk 394 / 1214
2022
Destination $21.4M France
2021 - 2022
FASTEST GROWING MARKET $21.4MItaly
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2022
Imports $1.21BWorld Rnk 13 / 208
Flag Rnk 82 / 1214
2022
Origin $93.5M Indonesia
2021 - 2022
FASTEST GROWING ORIGIN $93.5MMalaysia
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

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).

Latest Trends

August 2024

About

Overview In August 2024 Spain's Palm Oil exports accounted up to €6.32M and imports accounted up to €68M, resulting in a negative trade balance of €61.7M. Between August 2023 and August 2024 the exports of Spain's   Palm Oil have decreased by €-11.4M (-64.2%) from €17.7M to €6.32M, while imports decreased by €-32.1M (-32.1%) from €100M to €68M.

Destinations In August 2024, Palm Oil were exported mostly to France (€1.86M), Italy (€1.32M), United Kingdom (€1.03M), Portugal (€990k), and Belgium (€494k), and were imported mostly from Indonesia (€43.8M), Gabon (€12.3M), Liberia (€2.89M), Guatemala (€2.6M), and Netherlands (€1.97M).

Growth In August 2024, the decrease in Palm Oil's year-by-year exports was explained primarily by a decrease in exports to . In August 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
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-11.4M(-64.2%)
IMPORT GROWTH (August 2023 - August 2024)€-32.1M(-32.1%)
MAIN EXPORTER (August 2024)Barcelona€11.9M
MAIN DESTINATION (August 2024)France€1.86M

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 (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).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Italy$21.4M (245%)
France$19.5M (92.6%)
Netherlands$14.9M (403%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Spain WERE (2021 - 2022):
Portugal-$7.2M (-25.4%)
Senegal-$645k (-64.1%)
United Arab Emirates-$394k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Palm Oil were:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, Spain's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B
Pakistan $3.8B

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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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