Soybean Oil in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $573M in Soybean Oil, making it the 6th largest exporter of Soybean Oil in the world. At the same year, Soybean Oil was the 161st most exported product in Spain. The main destination of Soybean Oil exports from Spain are: Morocco ($359M), Algeria ($77.4M), Italy ($30.8M), France ($18.2M), and United Kingdom ($16.5M).

The fastest growing export markets for Soybean Oil of Spain between 2021 and 2022 were Morocco ($29.2M), Italy ($17.7M), and Tunisia ($11.3M).

Imports In 2022, Spain imported $357M in Soybean Oil, becoming the 10th largest importer of Soybean Oil in the world. At the same year, Soybean Oil was the 240th most imported product in Spain. Spain imports Soybean Oil primarily from: Argentina ($88.1M), Portugal ($67.3M), Italy ($66.5M), France ($55.9M), and Netherlands ($22.3M).

The fastest growing import markets in Soybean Oil for Spain between 2021 and 2022 were France ($21.9M), Portugal ($19.4M), and Italy ($19.4M).

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

Latest Trends

January 2024

About

Overview In January 2024 Spain's Soybean Oil exports accounted up to €10.7M and imports accounted up to €22.9M, resulting in a negative trade balance of €12.1M. Between January 2023 and January 2024 the exports of Spain's Soybean Oil have decreased by €-40.8M (-79.2%) from €51.6M to €10.7M, while imports increased by €7.58M (49.5%) from €15.3M to €22.9M.

Destinations In January 2024, Soybean Oil were exported mostly to Italy (€8.96M), France (€1.1M), Portugal (€219k), Somalia (€135k), and Ireland (€102k), and were imported mostly from Netherlands (€9.82M), France (€4.74M), Egypt (€4.66M), Italy (€1.86M), and Portugal (€1.3M).

Growth In January 2024, the decrease in Soybean Oil's year-by-year exports was explained primarily by a decrease in exports to Portugal (€-568k or -68%), United States (€-34k or -93.6%), and Ireland (€-27k or -11%). In January 2024, the increase in Soybean Oil's year-by-year imports was explained primarily by an increase in imports from Netherlands (€141k or 83.5%), France (€92.7k or 31.8%), and Belgium (€14.1k or 10.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-40.8M(-79.2%)

IMPORT GROWTH (January 2023 - January 2024)€7.58M(49.5%)

MAIN EXPORTER (January 2024)Vizcaya€9.22M

MAIN DESTINATION (January 2024)Italy€8.96M

This section shows Soybean Oil'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 Soybean Oil over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$573M

IMPORTS (2022)$357M

NET TRADE (2022)$216M

In 2022, Spain exported $573M in Soybean Oil. The main destinations of Spain exports on Soybean Oil were Morocco ($359M), Algeria ($77.4M), Italy ($30.8M), France ($18.2M), and United Kingdom ($16.5M).

In 2022, Spain imported $357M in Soybean Oil, mainly from Argentina ($88.1M), Portugal ($67.3M), Italy ($66.5M), France ($55.9M), and Netherlands ($22.3M).

Explore Visualizations