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2023
Exports $349MWorld Rnk 5 / 153
Flag Rnk 227 / 1215
2023
Destination $36.2M Portugal
2022 - 2023
FASTEST GROWING MARKET $36.2MPortugal
2023
PRODUCT COMPLEXITY IN Fermented Milk Products-0.17Rnk 610 / 1025
2023
Imports $342MWorld Rnk 4 / 223
Flag Rnk 253 / 1214
2023
Origin $51.6M France
2022 - 2023
FASTEST GROWING ORIGIN $51.6MFrance
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $349M in Fermented Milk Products, making it the 5th largest exporter of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 227th most exported product in Spain. The main destination of Fermented Milk Products exports from Spain are: Portugal ($173M), France ($47.8M), Italy ($36.1M), United Kingdom ($19.5M), and Cuba ($8.67M).

The fastest growing export markets for Fermented Milk Products of Spain between 2022 and 2023 were Portugal ($36.2M), France ($11.2M), and Italy ($4.88M).

Imports In 2023, Spain imported $342M in Fermented Milk Products, becoming the 4th largest importer of Fermented Milk Products in the world. At the same year, Fermented Milk Products was the 253rd most imported product in Spain. Spain imports Fermented Milk Products primarily from: France ($155M), Germany ($82.5M), Portugal ($41.2M), Austria ($20.9M), and Czechia ($11.4M).

The fastest growing import markets in Fermented Milk Products for Spain between 2022 and 2023 were France ($51.6M), Germany ($8.52M), and Austria ($5.91M).

COMPANIES In 2023, leading companies such as Volvo (1) were at the forefront of shipping Fermented Milk Products from Spain to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Spain's Fermented Milk Products exports accounted up to €25.5M and imports accounted up to €26.9M, resulting in a negative trade balance of €1.4M. Between November 2023 and November 2024 the exports of Spain's   Fermented Milk Products have increased by €608k (2.44%) from €24.9M to €25.5M, while imports decreased by €-5.91M (-18%) from €32.8M to €26.9M.

Destinations In November 2024, Fermented Milk Products were exported mostly to Portugal (€11.5M), France (€3.65M), Italy (€2.57M), United Kingdom (€1.43M), and Germany (€803k), and were imported mostly from France (€9.71M), Germany (€6.11M), Portugal (€4.25M), Austria (€2.34M), and Czechia (€1.05M).

Growth In November 2024, the increase in Fermented Milk Products's year-by-year exports was explained primarily by an increase in exports to Portugal (€1.5M or 17.5%), France (€780k or 31.2%), and Italy (€697k or 36.5%). In November 2024, the decrease in Fermented Milk Products's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-38.2k or -76.1%), Belgium (€-36k or -48.7%), and Romania (€-7.31k or -5.99%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€608k(2.44%)
IMPORT GROWTH (November 2023 - November 2024)€-5.91M(-18%)
MAIN EXPORTER (November 2024)Barcelona€13.3M
MAIN DESTINATION (November 2024)Portugal€11.5M

This section shows Fermented Milk 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 Fermented Milk Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$349M
IMPORTS (2023)$342M
NET TRADE (2023)$7.19M

In 2023, Spain exported $349M in Fermented Milk Products. The main destinations of Spain exports on Fermented Milk Products were Portugal ($173M), France ($47.8M), Italy ($36.1M), United Kingdom ($19.5M), and Cuba ($8.67M).

In 2023, Spain imported $342M in Fermented Milk Products, mainly from France ($155M), Germany ($82.5M), Portugal ($41.2M), Austria ($20.9M), and Czechia ($11.4M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Fermented Milk Products EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Portugal$36.2M (26.4%)
France$11.2M (30.6%)
Italy$4.88M (15.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fermented Milk Products BY Spain WERE (2022 - 2023):
Germany-$10.3M (-85.1%)
United Kingdom-$1.29M (-6.23%)
Trinidad and Tobago-$664k (-52.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Fermented Milk Products were:
Germany $1.11B
France $695M
Belgium $431M
In 2023, Spain's main importing competitors in Fermented Milk Products were:
Italy $585M
United Kingdom $542M
Netherlands $372M

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Trade Value of Fermented Milk Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $5.27M
TOP IMPORT POTENTIALGreece+ $2.37M

Fermented Milk Products’s highest export potential is United Kingdom. With an export gap of $5.27M.   Fermented Milk Products’s highest import potential is Greece with an import gap of $2.37M.

See methodology.

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