2023
Exports
$287MWorld Rnk 9 / 198
Flag Rnk 263 / 1215
2023
PRODUCT COMPLEXITY IN Lubricating Products
1.12Rnk 136 / 1025
2023
Imports
$183MWorld Rnk 17 / 223
Flag Rnk 363 / 1214
2023
ECONOMIC COMPLEXITY of Spain
0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $287M in Lubricating Products, making it the 9th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 263rd most exported product in Spain. The main destination of Lubricating Products exports from Spain are: Germany ($39.7M), Portugal ($32.3M), Italy ($18.9M), China ($18.5M), and Turkey ($16.3M).

The fastest growing export markets for Lubricating Products of Spain between 2022 and 2023 were Germany ($5.47M), Portugal ($3.22M), and Netherlands ($2.63M).

Imports In 2023, Spain imported $183M in Lubricating Products, becoming the 17th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 363rd most imported product in Spain. Spain imports Lubricating Products primarily from: Germany ($56.1M), France ($41.1M), Netherlands ($29.5M), Belgium ($16.8M), and Italy ($13M).

The fastest growing import markets in Lubricating Products for Spain between 2022 and 2023 were Germany ($4.31M), Belgium ($2.68M), and United Kingdom ($1.35M).

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

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-56k(-0.29%)
IMPORT GROWTH (November 2023 - November 2024)€1.66M(12.4%)
MAIN EXPORTER (November 2024)Barcelona€14.3M
MAIN DESTINATION (November 2024)Germany€2.72M

This section shows Lubricating 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 Lubricating Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$287M
IMPORTS (2023)$183M
NET TRADE (2023)$104M

In 2023, Spain exported $287M in Lubricating Products. The main destinations of Spain exports on Lubricating Products were Germany ($39.7M), Portugal ($32.3M), Italy ($18.9M), China ($18.5M), and Turkey ($16.3M).

In 2023, Spain imported $183M in Lubricating Products, mainly from Germany ($56.1M), France ($41.1M), Netherlands ($29.5M), Belgium ($16.8M), and Italy ($13M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Lubricating Products EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Germany$5.47M (16%)
Portugal$3.22M (11%)
Netherlands$2.63M (27.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lubricating Products BY Spain WERE (2022 - 2023):
South Korea-$4.29M (-60%)
Morocco-$3.6M (-25.1%)
United States-$2.77M (-51.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Lubricating Products were:
In 2023, Spain's main importing competitors in Lubricating Products were:
China $1.68B

Explore Visualizations

Trade Value of Lubricating Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $11.4M
TOP IMPORT POTENTIALFrance+ $10.5M

Lubricating Products’s highest export potential is China. With an export gap of $11.4M.   Lubricating Products’s highest import potential is France with an import gap of $10.5M.

See methodology.

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