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2022
Exports $516MWorld Rnk 11 / 202
Flag Rnk 171 / 1214
2022
Destination $12.3M France
2021 - 2022
FASTEST GROWING MARKET $12.3MFrance
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings-0.62Rnk 736 / 1025
2022
Imports $286MWorld Rnk 15 / 225
Flag Rnk 294 / 1214
2022
Origin $5.36M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $5.36MGermany
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

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 ASOS (2), Costco Wholesale (1), and Goya Foods (1) were at the forefront of shipping Sauces and Seasonings from Spain to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Spain's Sauces and Seasonings exports accounted up to €45.6M and imports accounted up to €24.9M, resulting in a positive trade balance of €20.6M. Between August 2023 and August 2024 the exports of Spain's   Sauces and Seasonings have increased by €2.3M (5.31%) from €43.3M to €45.6M, while imports decreased by €-768k (-2.99%) from €25.7M to €24.9M.

Destinations In August 2024, Sauces and Seasonings were exported mostly to France (€12M), United Kingdom (€6.29M), Portugal (€5.68M), Italy (€4.11M), and Netherlands (€3.14M), and were imported mostly from Netherlands (€4.48M), Germany (€3.99M), Italy (€3.95M), France (€2.29M), and Poland (€1.69M).

Growth In August 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 August 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
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€2.3M(5.31%)
IMPORT GROWTH (August 2023 - August 2024)€-768k(-2.99%)
MAIN EXPORTER (August 2024)Vizcaya€12.4M
MAIN DESTINATION (August 2024)France€12M

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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Historical Data

Trade Balance

Color
EXPORTS (2022)$516M
IMPORTS (2022)$286M
NET TRADE (2022)$230M

In 2022, Spain exported $516M in Sauces and Seasonings. The main destinations of Spain exports on Sauces and Seasonings were France ($150M), United Kingdom ($71M), Portugal ($44.6M), Netherlands ($38.9M), and Italy ($28.3M).

In 2022, Spain imported $286M in Sauces and Seasonings, mainly from Netherlands ($51.5M), Germany ($46.6M), Italy ($39.9M), France ($27.5M), and United Kingdom ($23.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$12.3M (8.89%)
Portugal$11.2M (33.5%)
Netherlands$6.77M (21%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Spain WERE (2021 - 2022):
Cuba-$8.56M (-70.2%)
United Kingdom-$3.89M (-5.2%)
Nigeria-$2.36M (-70%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Sauces and Seasonings were:
United States $2.15B
China $2.05B
Italy $1.54B
In 2022, Spain's main importing competitors in Sauces and Seasonings were:
United States $2.23B
United Kingdom $1.01B
France $968M

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $15.3M
TOP IMPORT POTENTIALFrance+ $8.17M

Sauces and Seasonings’s highest export potential is France. With an export gap of $15.3M.   Sauces and Seasonings’s highest import potential is France with an import gap of $8.17M.

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