Sauces and Seasonings in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $516M in Sauces and Seasonings, making it the 11th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 171st most exported product in Spain. The main destination of Sauces and Seasonings exports from Spain are: France ($150M), United Kingdom ($71M), Portugal ($44.6M), Netherlands ($38.9M), and Italy ($28.3M).

The fastest growing export markets for Sauces and Seasonings of Spain between 2021 and 2022 were France ($12.3M), Portugal ($11.2M), and Netherlands ($6.77M).

Imports In 2022, Spain imported $286M in Sauces and Seasonings, becoming the 15th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 294th most imported product in Spain. Spain imports Sauces and Seasonings primarily from: Netherlands ($51.5M), Germany ($46.6M), Italy ($39.9M), France ($27.5M), and United Kingdom ($23.7M).

The fastest growing import markets in Sauces and Seasonings for Spain between 2021 and 2022 were Germany ($5.36M), Netherlands ($3.86M), and Portugal ($3.31M).

COMPANIES In 2023, leading companies such as COSTCO WHOLESALE COPRORATION (58) and BARILLA AMERICA INC. (7) were at the forefront of shipping Sauces and Seasonings from Spain to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Spain's Sauces and Seasonings exports accounted up to €47M and imports accounted up to €21.4M, resulting in a positive trade balance of €25.6M. Between January 2023 and January 2024 the exports of Spain's Sauces and Seasonings have increased by €3.63M (8.36%) from €43.4M to €47M, while imports decreased by €-271k (-1.25%) from €21.6M to €21.4M.

Destinations In January 2024, Sauces and Seasonings were exported mostly to France (€13.4M), United Kingdom (€4.65M), Italy (€4.25M), Netherlands (€3.96M), and Portugal (€3.67M), and were imported mostly from Germany (€4.34M), Netherlands (€3.8M), Italy (€3.36M), France (€1.62M), and Poland (€1.1M).

Growth In January 2024, the increase in Sauces and Seasonings's year-by-year exports was explained primarily by an increase in exports to France (€3.11M or 36.5%), Italy (€2.74M or 107%), and Netherlands (€1.28M or 79.3%). In January 2024, the decrease in Sauces and Seasonings's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (€-589k or -34.2%), Thailand (€-479k or -61.5%), and China (€-269k or -40.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€3.63M(8.36%)

IMPORT GROWTH (January 2023 - January 2024)€-271k(-1.25%)

MAIN EXPORTER (January 2024)Vizcaya€9.89M

MAIN DESTINATION (January 2024)France€13.4M

This section shows Sauces and Seasonings'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 Sauces and Seasonings over time.

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