Malt Extract in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $371M in Malt Extract, making it the 19th largest exporter of Malt Extract in the world. At the same year, Malt Extract was the 234th most exported product in Spain. The main destination of Malt Extract exports from Spain are: United Kingdom ($50.4M), France ($48.4M), Portugal ($41.6M), Saudi Arabia ($26.5M), and Egypt ($16.2M).

The fastest growing export markets for Malt Extract of Spain between 2021 and 2022 were United Kingdom ($11.4M), Portugal ($9.44M), and France ($8.31M).

Imports In 2022, Spain imported $376M in Malt Extract, becoming the 16th largest importer of Malt Extract in the world. At the same year, Malt Extract was the 230th most imported product in Spain. Spain imports Malt Extract primarily from: France ($148M), Germany ($62.3M), Belgium ($24.5M), Netherlands ($23.4M), and Denmark ($20M).

The fastest growing import markets in Malt Extract for Spain between 2021 and 2022 were France ($23.2M), Germany ($8.89M), and Austria ($1.92M).

COMPANIES In 2023, leading companies such as GOYA FOODS INC (1) were at the forefront of shipping Malt Extract from Spain to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Spain's Malt Extract exports accounted up to €30.9M and imports accounted up to €36.3M, resulting in a negative trade balance of €5.32M. Between February 2023 and February 2024 the exports of Spain's Malt Extract have decreased by €-929k (-2.91%) from €31.9M to €30.9M, while imports increased by €783k (2.21%) from €35.5M to €36.3M.

Destinations In February 2024, Malt Extract were exported mostly to Portugal (€4.69M), Saudi Arabia (€4.4M), United Kingdom (€3.26M), France (€2.97M), and Italy (€1.52M), and were imported mostly from France (€15M), Germany (€5.36M), Portugal (€2.86M), Italy (€2.1M), and Netherlands (€2.09M).

Growth In February 2024, the decrease in Malt Extract's year-by-year exports was explained primarily by a decrease in exports to Colombia (€-559k or -97.1%), Egypt (€-527k or -49.4%), and Saudi Arabia (€-346k or -21.8%). In February 2024, the increase in Malt Extract's year-by-year imports was explained primarily by an increase in imports from France (€2.9M or 27.7%), Belgium (€957k or 106%), and Germany (€790k or 22.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-929k(-2.91%)

IMPORT GROWTH (February 2023 - February 2024)€783k(2.21%)

MAIN EXPORTER (February 2024)Asturias€4.51M

MAIN DESTINATION (February 2024)Portugal€4.69M

This section shows Malt Extract'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 Malt Extract over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$371M

IMPORTS (2022)$376M

NET TRADE (2022)-$5.56M

In 2022, Spain exported $371M in Malt Extract. The main destinations of Spain exports on Malt Extract were United Kingdom ($50.4M), France ($48.4M), Portugal ($41.6M), Saudi Arabia ($26.5M), and Egypt ($16.2M).

In 2022, Spain imported $376M in Malt Extract, mainly from France ($148M), Germany ($62.3M), Belgium ($24.5M), Netherlands ($23.4M), and Denmark ($20M).

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