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2022
Exports $17.2BWorld Rnk 15 / 214
Flag Rnk 2 / 1214
2022
Destination $1.26B Netherlands
2021 - 2022
FASTEST GROWING MARKET $1.26BNetherlands
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $11.2BWorld Rnk 28 / 225
Flag Rnk 6 / 1214
2022
Origin $584M Italy
2021 - 2022
FASTEST GROWING ORIGIN $584MNetherlands
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $17.2B 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: Netherlands ($2.3B), United States ($2.18B), France ($2.15B), Morocco ($1.81B), and Portugal ($1.62B).

The fastest growing export markets for Refined Petroleum of Spain between 2021 and 2022 were Netherlands ($1.26B), United States ($801M), and France ($624M).

Imports In 2022, Spain imported $11.2B in Refined Petroleum, becoming the 28th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 6th most imported product in Spain. Spain imports Refined Petroleum primarily from: Italy ($1.53B), Russia ($1.49B), Netherlands ($1.46B), United Arab Emirates ($683M), and Saudi Arabia ($676M).

The fastest growing import markets in Refined Petroleum for Spain between 2021 and 2022 were Netherlands ($584M), Greece ($359M), and Turkey ($340M).

COMPANIES In 2023, leading companies such as Cosentino (3) and IKEA Group (1) were at the forefront of shipping Refined Petroleum from Spain to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Spain's Refined Petroleum exports accounted up to €1.2B and imports accounted up to €1.01B, resulting in a positive trade balance of €186M. Between August 2023 and August 2024 the exports of Spain's   Refined Petroleum have decreased by €-315M (-20.8%) from €1.52B to €1.2B, while imports decreased by €-74M (-6.8%) from €1.09B to €1.01B.

Destinations In August 2024, Refined Petroleum were exported mostly to Rest of the world (€485M), Portugal (€121M), France (€96.3M), Netherlands (€88.7M), and United States (€80.1M), and were imported mostly from Italy (€223M), United States (€171M), Saudi Arabia (€144M), India (€88.3M), and Netherlands (€59M).

Growth In August 2024, the decrease in Refined Petroleum's year-by-year exports was explained primarily by a decrease in exports to Netherlands (€-89.2M or -50.4%), Italy (€-59.3M or -73.1%), and Belgium (€-38M or -54.1%). In August 2024, the decrease in Refined Petroleum's year-by-year imports was explained primarily by a decrease in imports from Russia (€-124M or -55.9%), Rest of the world (€-46M or -52.4%), and United Kingdom (€-26.9M or -93.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-315M(-20.8%)
IMPORT GROWTH (August 2023 - August 2024)€-74M(-6.8%)
MAIN EXPORTER (August 2024)Murcia€315M
MAIN DESTINATION (August 2024)Rest of the world€485M

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 (2022)$17.2B
IMPORTS (2022)$11.2B
NET TRADE (2022)$6B

In 2022, Spain exported $17.2B in Refined Petroleum. The main destinations of Spain exports on Refined Petroleum were Netherlands ($2.3B), United States ($2.18B), France ($2.15B), Morocco ($1.81B), and Portugal ($1.62B).

In 2022, Spain imported $11.2B in Refined Petroleum, mainly from Italy ($1.53B), Russia ($1.49B), Netherlands ($1.46B), United Arab Emirates ($683M), and Saudi Arabia ($676M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Netherlands$1.26B (122%)
United States$801M (57.9%)
France$624M (40.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Spain WERE (2021 - 2022):
South Korea-$170M (-96.9%)
Japan-$127M (-33.3%)
Italy-$92.2M (-10.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Spain's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $811M
TOP IMPORT POTENTIALRussia+ $679M

Refined Petroleum’s highest export potential is France. With an export gap of $811M.   Refined Petroleum’s highest import potential is Russia with an import gap of $679M.

See methodology.

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