Borax in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $2.7M in Borax, making it the 11th largest exporter of Borax in the world. At the same year, Borax was the 1068th most exported product in Spain. The main destination of Borax exports from Spain are: India ($2.57M), Algeria ($54.4k), Romania ($23k), Italy ($16.5k), and Indonesia ($14.7k).

The fastest growing export markets for Borax of Spain between 2021 and 2022 were Italy ($9.35k), Mexico ($4.46k), and United Kingdom ($3.05k).

Imports In 2022, Spain imported $11M in Borax, becoming the 10th largest importer of Borax in the world. At the same year, Borax was the 966th most imported product in Spain. Spain imports Borax primarily from: Turkey ($10.7M), Bolivia ($179k), Argentina ($150k), Poland ($19.4k), and Netherlands ($4.8k).

The fastest growing import markets in Borax for Spain between 2021 and 2022 were Turkey ($1.41M), Bolivia ($142k), and Argentina ($124k).

Latest Trends

June 2024

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Overview In June 2024 Spain's Borax exports accounted up to €279k and imports accounted up to €4k, resulting in a positive trade balance of €275k. Between June 2023 and June 2024 the exports of Spain's Borax have decreased by €-5.66k (-1.99%) from €284k to €279k, while imports decreased by €-8.45k (-67.9%) from €12.4k to €4k.

Destinations In June 2024, Borax were exported mostly to India (€270k) and Italy (€8.04k), and were imported mostly from Turkey (€4k).

Growth In June 2024, the decrease in Borax's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the decrease in Borax's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)€-5.66k(-1.99%)

IMPORT GROWTH (February 2023 - June 2024)€-8.45k(-67.9%)

MAIN EXPORTER (June 2024)Valencia€337k

MAIN DESTINATION (June 2024)India€270k

This section shows Borax'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 Borax over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$2.7M

IMPORTS (2022)$11M

NET TRADE (2022)-$8.34M

In 2022, Spain exported $2.7M in Borax. The main destinations of Spain exports on Borax were India ($2.57M), Algeria ($54.4k), Romania ($23k), Italy ($16.5k), and Indonesia ($14.7k).

In 2022, Spain imported $11M in Borax, mainly from Turkey ($10.7M), Bolivia ($179k), Argentina ($150k), Poland ($19.4k), and Netherlands ($4.8k).

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