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2023
Exports $59BWorld Rnk 13 / 226
Flag Rnk 2 / 21
2023
Destination $1.83B Switzerland
2022 - 2023
FASTEST GROWING MARKET $1.83BPanama
2023
PRODUCT COMPLEXITY IN Chemical Products2.31Rnk 1 / 1025
2023
Imports $52.7BWorld Rnk 14 / 226
Flag Rnk 4 / 21
2023
Origin $252M United States
2022 - 2023
FASTEST GROWING ORIGIN $252MUnited Kingdom
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $59B in Chemical Products, making it the 13th largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 2nd most exported product in Spain. The main destination of Chemical Products exports from Spain are: Switzerland ($5.97B), Germany ($5.09B), United States ($5.06B), France ($4.89B), and Italy ($3.9B).

The fastest growing export markets for Chemical Products of Spain between 2022 and 2023 were Panama ($1.83B), Belgium ($917M), and China ($474M).

Imports In 2023, Spain imported $52.7B in Chemical Products, becoming the 14th largest importer of Chemical Products in the world. At the same year, Chemical Products was the 4th most imported product in Spain. Spain imports Chemical Products primarily from: United States ($7.83B), Germany ($7.48B), France ($5.9B), Netherlands ($3.91B), and Switzerland ($3.35B).

The fastest growing import markets in Chemical Products for Spain between 2022 and 2023 were United Kingdom ($252M), United States ($238M), and France ($135M).

COMPANIES In 2023, leading companies such as Porven (82), Givaudan Fragrances (53), and Barry Callebaut (51) were at the forefront of shipping Chemical Products from Spain to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Spain's Chemical Products exports accounted up to €4.07B and imports accounted up to €4.63B, resulting in a negative trade balance of €560M. Between November 2023 and November 2024 the exports of Spain's   Chemical Products have increased by €176M (4.54%) from €3.89B to €4.07B, while imports increased by €235M (5.34%) from €4.39B to €4.63B.

Destinations In November 2024, Chemical Products were exported mostly to France (€403M), Germany (€377M), Italy (€276M), United States (€259M), and Panama (€238M), and were imported mostly from United States (€710M), Germany (€571M), France (€437M), Italy (€318M), and Netherlands (€303M).

Growth In November 2024, the increase in Chemical Products's year-by-year exports was explained primarily by an increase in exports to Ireland (€525M or 788%), Panama (€133M or 1.58k%), and France (€106M or 27.4%). In November 2024, the increase in Chemical Products's year-by-year imports was explained primarily by an increase in imports from Sweden (€33.8M or 118%), Turkey (€33.2M or 149%), and Egypt (€30.7M or 179%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€176M(4.54%)
IMPORT GROWTH (November 2023 - November 2024)€235M(5.34%)
MAIN EXPORTER (November 2024)Barcelona€2.23B
MAIN DESTINATION (November 2024)France€403M

This section shows Chemical Products'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 Chemical Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$59B
IMPORTS (2023)$52.7B
NET TRADE (2023)$6.3B

In 2023, Spain exported $59B in Chemical Products. The main destinations of Spain exports on Chemical Products were Switzerland ($5.97B), Germany ($5.09B), United States ($5.06B), France ($4.89B), and Italy ($3.9B).

In 2023, Spain imported $52.7B in Chemical Products, mainly from United States ($7.83B), Germany ($7.48B), France ($5.9B), Netherlands ($3.91B), and Switzerland ($3.35B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Panama$1.83B (773%)
Belgium$917M (66.9%)
China$474M (37.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY Spain WERE (2022 - 2023):
Japan-$1.89B (-56.6%)
United Kingdom-$690M (-25.7%)
Netherlands-$633M (-25.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Chemical Products were:
United States $239B
China $226B
Germany $225B
In 2023, Spain's main importing competitors in Chemical Products were:
United States $316B
China $165B
Germany $163B

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Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.71B
TOP IMPORT POTENTIALFrance+ $1.68B

Chemical Products’s highest export potential is United States. With an export gap of $1.71B.   Chemical Products’s highest import potential is France with an import gap of $1.68B.

See methodology.

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