2021
Exports | Imports
$12.4B | $8.81BWorld Rnk 15 / 218
Flag Rnk 2 / 1214
World Rnk 23 / 226
Flag Rnk 7 / 1214
2021
ECONOMIC COMPLEXITY of Spain
0.78Rnk 35 / 131
2021
PRODUCT COMPLEXITY IN Refined Petroleum
-0.99Rnk 831 / 1024

About

Exports In 2021, Spain exported $12.4B in Refined Petroleum, making it the 15th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Spain. The main destination of Refined Petroleum exports from Spain are: France ($1.53B), Morocco ($1.5B), United States ($1.37B), Netherlands ($1.04B), and Portugal ($1B).

The fastest growing export markets for Refined Petroleum of Spain between 2020 and 2021 were Morocco ($699M), United States ($623M), and Italy ($453M).

Imports In 2021, Spain imported $8.81B in Refined Petroleum, becoming the 23rd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most imported product in Spain. Spain imports Refined Petroleum primarily from: Russia ($2.47B), Italy ($1.36B), Netherlands ($874M), Portugal ($578M), and United Arab Emirates ($555M).

The fastest growing import markets in Refined Petroleum for Spain between 2020 and 2021 were Russia ($1.43B), Netherlands ($575M), and Italy ($558M).

Latest Trends

November 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - November 2023)€-249M(-14.3%)
IMPORT GROWTH (November 2022 - November 2023)€-364M(-30.8%)
MAIN EXPORTER (November 2023)Madrid€356M
MAIN DESTINATION (November 2023)Rest of the world€600M

This section shows Refined Petroleum'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 Refined Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$12.4B
IMPORTS (2021)$8.81B
NET TRADE (2021)$3.62B

In 2021, Spain exported $12.4B in Refined Petroleum. The main destinations of Spain exports on Refined Petroleum were France ($1.53B), Morocco ($1.5B), United States ($1.37B), Netherlands ($1.04B), and Portugal ($1B).

In 2021, Spain imported $8.81B in Refined Petroleum, mainly from Russia ($2.47B), Italy ($1.36B), Netherlands ($874M), Portugal ($578M), and United Arab Emirates ($555M).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Spain WERE (2020 - 2021):
Morocco$699M (87.4%)
United States$623M (83.7%)
Italy$453M (97.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Spain WERE (2020 - 2021):
Venezuela-$135M (-99.8%)
United Kingdom-$91.1M (-38.6%)
Sweden-$72.1M (-92.7%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, Spain's main exporting competitors in Refined Petroleum were:
In 2021, Spain's main importing competitors in Refined Petroleum were:

Explore Visualizations

Trade Value of Refined Petroleum by Exporters

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