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2022
Exports $61MWorld Rnk 13 / 154
Flag Rnk 599 / 1214
2022
Destination $13.2M Italy
2021 - 2022
FASTEST GROWING MARKET $13.2MItaly
2022
PRODUCT COMPLEXITY IN Coconut Oil-1.71Rnk 972 / 1025
2022
Imports $188MWorld Rnk 11 / 212
Flag Rnk 378 / 1214
2022
Origin $20.3M Philippines
2021 - 2022
FASTEST GROWING ORIGIN $20.3MPhilippines
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $61M in Coconut Oil, making it the 13th largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 599th most exported product in Spain. The main destination of Coconut Oil exports from Spain are: Italy ($23.7M), France ($10.6M), Belgium ($7.26M), Ireland ($4.35M), and Portugal ($3.73M).

The fastest growing export markets for Coconut Oil of Spain between 2021 and 2022 were Italy ($13.2M), Belgium ($4M), and Ireland ($3.11M).

Imports In 2022, Spain imported $188M in Coconut Oil, becoming the 11th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 378th most imported product in Spain. Spain imports Coconut Oil primarily from: Philippines ($74.7M), Indonesia ($35.6M), Malaysia ($15.2M), Gabon ($12M), and Guatemala ($10.7M).

The fastest growing import markets in Coconut Oil for Spain between 2021 and 2022 were Philippines ($20.3M), Indonesia ($15.8M), and Gabon ($8.89M).

Latest Trends

August 2024

About

Overview In August 2024 Spain's Coconut Oil exports accounted up to €6.77M and imports accounted up to €8.88M, resulting in a negative trade balance of €2.11M. Between August 2023 and August 2024 the exports of Spain's   Coconut Oil have increased by €1.35M (24.9%) from €5.42M to €6.77M, while imports decreased by €-12M (-57.4%) from €20.8M to €8.88M.

Destinations In August 2024, Coconut Oil were exported mostly to Italy (€3.25M), France (€1.13M), Belgium (€1.08M), Ireland (€369k), and Switzerland (€257k), and were imported mostly from Indonesia (€2.74M), Gabon (€1.92M), Cote d'Ivoire (€1.91M), Netherlands (€977k), and Honduras (€659k).

Growth In August 2024, the increase in Coconut Oil's year-by-year exports was explained primarily by an increase in exports to Italy (€1.84M or 230%), Belgium (€522k or 130%), and France (€248k or 24%). In August 2024, the decrease in Coconut Oil's year-by-year imports was explained primarily by a decrease in imports from Indonesia (€-4.03M or -75.2%), Malaysia (€-1.37M or -100%), and Philippines (€-1.18M or -25.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€1.35M(24.9%)
IMPORT GROWTH (August 2023 - August 2024)€-12M(-57.4%)
MAIN EXPORTER (August 2024)Barcelona€8.95M
MAIN DESTINATION (August 2024)Italy€3.25M

This section shows Coconut 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 Coconut Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$61M
IMPORTS (2022)$188M
NET TRADE (2022)-$127M

In 2022, Spain exported $61M in Coconut Oil. The main destinations of Spain exports on Coconut Oil were Italy ($23.7M), France ($10.6M), Belgium ($7.26M), Ireland ($4.35M), and Portugal ($3.73M).

In 2022, Spain imported $188M in Coconut Oil, mainly from Philippines ($74.7M), Indonesia ($35.6M), Malaysia ($15.2M), Gabon ($12M), and Guatemala ($10.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Italy$13.2M (126%)
Belgium$4M (123%)
Ireland$3.11M (251%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Spain WERE (2021 - 2022):
Portugal-$936k (-20%)
Brazil-$666k (-91.3%)
France-$283k (-2.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Coconut Oil were:
Indonesia $3.41B
Philippines $2.12B
Malaysia $1.64B
In 2022, Spain's main importing competitors in Coconut Oil were:
United States $1.51B
Netherlands $1.35B
China $1.12B

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Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.38M
TOP IMPORT POTENTIALIndonesia+ $15M

Coconut Oil’s highest export potential is Germany. With an export gap of $2.38M.   Coconut Oil’s highest import potential is Indonesia with an import gap of $15M.

See methodology.

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