Seed Oils in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $622M in Seed Oils, making it the 9th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 147th most exported product in Spain. The main destination of Seed Oils exports from Spain are: France ($177M), Portugal ($76.2M), United States ($66.8M), Belgium ($55.3M), and United Kingdom ($38.8M).

The fastest growing export markets for Seed Oils of Spain between 2021 and 2022 were France ($112M), Belgium ($52.9M), and United States ($42M).

Imports In 2022, Spain imported $1.11B in Seed Oils, becoming the 4th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 94th most imported product in Spain. Spain imports Seed Oils primarily from: Bulgaria ($308M), Ukraine ($266M), France ($113M), Poland ($85.8M), and Romania ($67.7M).

The fastest growing import markets in Seed Oils for Spain between 2021 and 2022 were Bulgaria ($194M), Poland ($85.8M), and Netherlands ($61.7M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Seed Oils from Spain to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Spain's Seed Oils exports accounted up to €35M and imports accounted up to €88.7M, resulting in a negative trade balance of €53.7M. Between January 2023 and January 2024 the exports of Spain's Seed Oils have decreased by €-13.1M (-27.3%) from €48.1M to €35M, while imports increased by €632k (0.72%) from €88M to €88.7M.

Destinations In January 2024, Seed Oils were exported mostly to Portugal (€7.54M), Guinea (€4.4M), France (€3.07M), Senegal (€2.67M), and United States (€2.01M), and were imported mostly from Ukraine (€60.5M), Bulgaria (€11M), France (€6.21M), Moldova (€5.28M), and Portugal (€3.18M).

Growth In January 2024, the decrease in Seed Oils's year-by-year exports was explained primarily by a decrease in exports to France (€-9.01M or -58.7%), Portugal (€-3.55M or -29.8%), and Belgium (€-2.74M or -93.3%). In January 2024, the increase in Seed Oils's year-by-year imports was explained primarily by an increase in imports from France (€10.1M or 275%), Poland (€9.05M or 656k%), and Portugal (€4.42M or 107%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-13.1M(-27.3%)

IMPORT GROWTH (January 2023 - January 2024)€632k(0.72%)

MAIN EXPORTER (January 2024)Murcia€7.1M

MAIN DESTINATION (January 2024)Portugal€7.54M

This section shows Seed Oils'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 Seed Oils over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$622M

IMPORTS (2022)$1.11B

NET TRADE (2022)-$486M

In 2022, Spain exported $622M in Seed Oils. The main destinations of Spain exports on Seed Oils were France ($177M), Portugal ($76.2M), United States ($66.8M), Belgium ($55.3M), and United Kingdom ($38.8M).

In 2022, Spain imported $1.11B in Seed Oils, mainly from Bulgaria ($308M), Ukraine ($266M), France ($113M), Poland ($85.8M), and Romania ($67.7M).

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