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2023
Exports $155MWorld Rnk 12 / 194
Flag Rnk 395 / 1215
2023
Destination $4.69M France
2022 - 2023
FASTEST GROWING MARKET $4.69MItaly
2023
PRODUCT COMPLEXITY IN Essential Oils-1.17Rnk 872 / 1025
2023
Imports $148MWorld Rnk 12 / 217
Flag Rnk 409 / 1214
2023
Origin $2.49M China
2022 - 2023
FASTEST GROWING ORIGIN $2.49MPortugal
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $155M in Essential Oils, making it the 12th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 395th most exported product in Spain. The main destination of Essential Oils exports from Spain are: France ($28.7M), Italy ($20M), United States ($16.9M), Brazil ($7.63M), and Netherlands ($7.32M).

The fastest growing export markets for Essential Oils of Spain between 2022 and 2023 were Italy ($4.69M), Netherlands ($1.72M), and Colombia ($837k).

Imports In 2023, Spain imported $148M in Essential Oils, becoming the 12th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 409th most imported product in Spain. Spain imports Essential Oils primarily from: China ($24.4M), France ($21.3M), India ($14M), Indonesia ($13.1M), and Brazil ($9.85M).

The fastest growing import markets in Essential Oils for Spain between 2022 and 2023 were Portugal ($2.49M), Haiti ($1.63M), and Tunisia ($1.36M).

COMPANIES In 2023, leading companies such as Riviana Foods (2) were at the forefront of shipping Essential Oils from Spain to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Spain's Essential Oils exports accounted up to €18.1M and imports accounted up to €15.6M, resulting in a positive trade balance of €2.5M. Between November 2023 and November 2024 the exports of Spain's   Essential Oils have increased by €5.62M (45.1%) from €12.4M to €18.1M, while imports increased by €3.7M (31.2%) from €11.9M to €15.6M.

Destinations In November 2024, Essential Oils were exported mostly to Italy (€2.7M), France (€2.46M), Netherlands (€1.83M), United States (€1.69M), and Brazil (€1.21M), and were imported mostly from Indonesia (€2.88M), France (€2.71M), China (€2.41M), Brazil (€1.47M), and India (€1.23M).

Growth In November 2024, the increase in Essential Oils's year-by-year exports was explained primarily by an increase in exports to United States (€728k or 91.9%), Ireland (€437k or 450%), and Turkey (€297k or 76%). In November 2024, the increase in Essential Oils's year-by-year imports was explained primarily by an increase in imports from France (€546k or 35.2%), Germany (€428k or 311%), and Turkey (€168k or 237%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€5.62M(45.1%)
IMPORT GROWTH (November 2023 - November 2024)€3.7M(31.2%)
MAIN EXPORTER (November 2024)Barcelona€11.1M
MAIN DESTINATION (November 2024)Italy€2.7M

This section shows Essential Oils'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 Essential Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$155M
IMPORTS (2023)$148M
NET TRADE (2023)$7.21M

In 2023, Spain exported $155M in Essential Oils. The main destinations of Spain exports on Essential Oils were France ($28.7M), Italy ($20M), United States ($16.9M), Brazil ($7.63M), and Netherlands ($7.32M).

In 2023, Spain imported $148M in Essential Oils, mainly from China ($24.4M), France ($21.3M), India ($14M), Indonesia ($13.1M), and Brazil ($9.85M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Italy$4.69M (30.7%)
Netherlands$1.72M (30.8%)
Colombia$837k (134%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Spain WERE (2022 - 2023):
Cuba-$3.54M (-87.5%)
United Kingdom-$3.25M (-37.7%)
United States-$2.9M (-14.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Essential Oils were:
United States $743M
India $657M
France $457M
In 2023, Spain's main importing competitors in Essential Oils were:
United States $1.12B
France $430M
Ireland $354M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $7.27M
TOP IMPORT POTENTIALIndia+ $6.81M

Essential Oils’s highest export potential is France. With an export gap of $7.27M.   Essential Oils’s highest import potential is India with an import gap of $6.81M.

See methodology.

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