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2022
Exports $134MWorld Rnk 4 / 194
Flag Rnk 421 / 1214
2022
Destination $5.46M United States
2021 - 2022
FASTEST GROWING MARKET $5.46MItaly
2022
PRODUCT COMPLEXITY IN Spices-1.63Rnk 964 / 1025
2022
Imports $82.2MWorld Rnk 12 / 223
Flag Rnk 570 / 1214
2022
Origin $14.9M Iran
2021 - 2022
FASTEST GROWING ORIGIN $14.9MIran
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $134M in Spices, making it the 4th largest exporter of Spices in the world. At the same year, Spices was the 421st most exported product in Spain. The main destination of Spices exports from Spain are: United States ($28.6M), France ($18.8M), Portugal ($13.9M), Italy ($10.5M), and Sweden ($9.56M).

The fastest growing export markets for Spices of Spain between 2021 and 2022 were Italy ($5.46M), Sweden ($3.02M), and Cuba ($2.41M).

Imports In 2022, Spain imported $82.2M in Spices, becoming the 12th largest importer of Spices in the world. At the same year, Spices was the 570th most imported product in Spain. Spain imports Spices primarily from: Iran ($41.1M), China ($5.91M), Netherlands ($4.9M), Germany ($4.75M), and India ($4.13M).

The fastest growing import markets in Spices for Spain between 2021 and 2022 were Iran ($14.9M), Afghanistan ($926k), and Oman ($545k).

COMPANIES In 2023, leading companies such as Elkem Silicones (2), ASOS (1), and Volkswagen (1) were at the forefront of shipping Spices from Spain to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Spain's Spices exports accounted up to €8.91M and imports accounted up to €7.1M, resulting in a positive trade balance of €1.81M. Between August 2023 and August 2024 the exports of Spain's   Spices have decreased by €-1.34M (-13%) from €10.2M to €8.91M, while imports increased by €1.37M (23.9%) from €5.74M to €7.1M.

Destinations In August 2024, Spices were exported mostly to United States (€2.08M), Sweden (€1.85M), France (€939k), Portugal (€767k), and United Kingdom (€625k), and were imported mostly from Iran (€2.18M), Peru (€906k), Germany (€786k), India (€712k), and Afghanistan (€481k).

Growth In August 2024, the decrease in Spices's year-by-year exports was explained primarily by a decrease in exports to Argentina (€-214k or -80.9%), Sweden (€-133k or -74.6%), and Belgium (€-61.5k or -32.3%). In August 2024, the increase in Spices's year-by-year imports was explained primarily by an increase in imports from Afghanistan (€363k or 200%), Germany (€292k or 46.2%), and Greece (€98.9k or 43.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-1.34M(-13%)
IMPORT GROWTH (August 2023 - August 2024)€1.37M(23.9%)
MAIN EXPORTER (August 2024)Murcia€4.23M
MAIN DESTINATION (August 2024)United States€2.08M

This section shows Spices'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 Spices over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$134M
IMPORTS (2022)$82.2M
NET TRADE (2022)$51.9M

In 2022, Spain exported $134M in Spices. The main destinations of Spain exports on Spices were United States ($28.6M), France ($18.8M), Portugal ($13.9M), Italy ($10.5M), and Sweden ($9.56M).

In 2022, Spain imported $82.2M in Spices, mainly from Iran ($41.1M), China ($5.91M), Netherlands ($4.9M), Germany ($4.75M), and India ($4.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Italy$5.46M (107%)
Sweden$3.02M (46.1%)
Cuba$2.41M (193%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Spain WERE (2021 - 2022):
Argentina-$2.58M (-89.3%)
France-$2.21M (-10.6%)
United States-$2.08M (-6.78%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Spices were:
India $538M
China $518M
Netherlands $203M
In 2022, Spain's main importing competitors in Spices were:
United States $364M
Germany $211M
Netherlands $167M

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.53M
TOP IMPORT POTENTIALIndia+ $3.22M

Spices’s highest export potential is Germany. With an export gap of $2.53M.   Spices’s highest import potential is India with an import gap of $3.22M.

See methodology.

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