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2022
Exports $50.7MWorld Rnk 16 / 118
Flag Rnk 643 / 1214
2022
Destination $2.89M France
2021 - 2022
FASTEST GROWING MARKET $2.89MNetherlands
2022
PRODUCT COMPLEXITY IN Fish oil-1.83Rnk 985 / 1025
2022
Imports $63MWorld Rnk 16 / 171
Flag Rnk 635 / 1214
2022
Origin $4.97M Norway
2021 - 2022
FASTEST GROWING ORIGIN $4.97MNorway
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $50.7M in Fish oil, making it the 16th largest exporter of Fish oil in the world. At the same year, Fish oil was the 643rd most exported product in Spain. The main destination of Fish oil exports from Spain are: France ($10.1M), Greece ($8.34M), Italy ($8.02M), Netherlands ($6.5M), and Germany ($4.54M).

The fastest growing export markets for Fish oil of Spain between 2021 and 2022 were Netherlands ($2.89M), Italy ($2.76M), and France ($2.24M).

Imports In 2022, Spain imported $63M in Fish oil, becoming the 16th largest importer of Fish oil in the world. At the same year, Fish oil was the 635th most imported product in Spain. Spain imports Fish oil primarily from: Norway ($11.8M), China ($9.65M), France ($7.19M), Mauritania ($4.41M), and Denmark ($4.14M).

The fastest growing import markets in Fish oil for Spain between 2021 and 2022 were Norway ($4.97M), France ($3.73M), and Denmark ($3.4M).

Latest Trends

October 2024

About

Overview In October 2024 Spain's Fish oil exports accounted up to €4.65M and imports accounted up to €7.45M, resulting in a negative trade balance of €2.8M. Between October 2023 and October 2024 the exports of Spain's   Fish oil have decreased by €-612k (-11.6%) from €5.26M to €4.65M, while imports decreased by €-2.52M (-25.3%) from €9.97M to €7.45M.

Destinations In October 2024, Fish oil were exported mostly to France (€1.6M), Italy (€942k), Netherlands (€596k), Portugal (€564k), and Greece (€376k), and were imported mostly from Chile (€1.2M), Senegal (€914k), Morocco (€869k), France (€824k), and China (€497k).

Growth In October 2024, the decrease in Fish oil's year-by-year exports was explained primarily by a decrease in exports to Germany (€-556k or -89%), Netherlands (€-384k or -44.8%), and Ireland (€-213k or -99.8%). In October 2024, the decrease in Fish oil's year-by-year imports was explained primarily by a decrease in imports from Norway (€-3.15M or -98.5%), Senegal (€-59.3k or -64.4%), and Czechia (€-1.14k or -53.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-612k(-11.6%)
IMPORT GROWTH (October 2023 - October 2024)€-2.52M(-25.3%)
MAIN EXPORTER (October 2024)Pontevedra€5.85M
MAIN DESTINATION (October 2024)France€1.6M

This section shows Fish 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 Fish oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$50.7M
IMPORTS (2022)$63M
NET TRADE (2022)-$12.3M

In 2022, Spain exported $50.7M in Fish oil. The main destinations of Spain exports on Fish oil were France ($10.1M), Greece ($8.34M), Italy ($8.02M), Netherlands ($6.5M), and Germany ($4.54M).

In 2022, Spain imported $63M in Fish oil, mainly from Norway ($11.8M), China ($9.65M), France ($7.19M), Mauritania ($4.41M), and Denmark ($4.14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish oil EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Netherlands$2.89M (80%)
Italy$2.76M (52.6%)
France$2.24M (28.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish oil BY Spain WERE (2021 - 2022):
Germany-$2.09M (-31.5%)
Egypt-$277k (-35%)
Russia-$272k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Fish oil were:
Peru $556M
Norway $253M
Chile $249M
In 2022, Spain's main importing competitors in Fish oil were:
Norway $563M
China $258M
Denmark $232M

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Trade Value of Fish oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.41M
TOP IMPORT POTENTIALPeru+ $1.34M

Fish oil’s highest export potential is France. With an export gap of $1.41M.   Fish oil’s highest import potential is Peru with an import gap of $1.34M.

See methodology.

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