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2022
Exports $298MWorld Rnk 10 / 155
Flag Rnk 267 / 1214
2022
Destination $38.4M France
2021 - 2022
FASTEST GROWING MARKET $38.4MFrance
2022
PRODUCT COMPLEXITY IN Margarine-0.83Rnk 786 / 1025
2022
Imports $161MWorld Rnk 12 / 219
Flag Rnk 424 / 1214
2022
Origin $8.63M Belgium
2021 - 2022
FASTEST GROWING ORIGIN $8.63MBelgium
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $298M in Margarine, making it the 10th largest exporter of Margarine in the world. At the same year, Margarine was the 267th most exported product in Spain. The main destination of Margarine exports from Spain are: France ($92.3M), Portugal ($52.6M), United States ($18.4M), Netherlands ($17.5M), and Germany ($15.9M).

The fastest growing export markets for Margarine of Spain between 2021 and 2022 were France ($38.4M), Netherlands ($8.38M), and Germany ($8.11M).

Imports In 2022, Spain imported $161M in Margarine, becoming the 12th largest importer of Margarine in the world. At the same year, Margarine was the 424th most imported product in Spain. Spain imports Margarine primarily from: Belgium ($42.2M), Portugal ($41.7M), Italy ($25.1M), Netherlands ($13.6M), and Germany ($10.7M).

The fastest growing import markets in Margarine for Spain between 2021 and 2022 were Belgium ($8.63M), Portugal ($5.29M), and United States ($2.01M).

COMPANIES In 2023, leading companies such as Goya Foods (1) were at the forefront of shipping Margarine from Spain to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Spain's Margarine exports accounted up to €24.9M and imports accounted up to €9.42M, resulting in a positive trade balance of €15.4M. Between June 2023 and June 2024 the exports of Spain's   Margarine have decreased by €-2.89M (-10.4%) from €27.7M to €24.9M, while imports increased by €544k (6.13%) from €8.88M to €9.42M.

Destinations In June 2024, Margarine were exported mostly to France (€7.05M), Portugal (€3.93M), Italy (€1.81M), United States (€1.78M), and United Kingdom (€1.47M), and were imported mostly from Belgium (€3M), Portugal (€2.52M), Italy (€1.13M), Germany (€691k), and United States (€495k).

Growth In June 2024, the decrease in Margarine's year-by-year exports was explained primarily by a decrease in exports to South Korea (€-442k or -80.4%), Japan (€-274k or -72.2%), and Chile (€-183k or -98.9%). In June 2024, the increase in Margarine's year-by-year imports was explained primarily by an increase in imports from Belgium (€292k or 10.8%), Sweden (€192k or 439%), and United States (€159k or 14.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-2.89M(-10.4%)
IMPORT GROWTH (June 2023 - June 2024)€544k(6.13%)
MAIN EXPORTER (June 2024)Barcelona€13.8M
MAIN DESTINATION (June 2024)France€7.05M

This section shows Margarine'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 Margarine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$298M
IMPORTS (2022)$161M
NET TRADE (2022)$137M

In 2022, Spain exported $298M in Margarine. The main destinations of Spain exports on Margarine were France ($92.3M), Portugal ($52.6M), United States ($18.4M), Netherlands ($17.5M), and Germany ($15.9M).

In 2022, Spain imported $161M in Margarine, mainly from Belgium ($42.2M), Portugal ($41.7M), Italy ($25.1M), Netherlands ($13.6M), and Germany ($10.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$38.4M (71.2%)
Netherlands$8.38M (92%)
Germany$8.11M (104%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Spain WERE (2021 - 2022):
Algeria-$2.38M (-98%)
South Korea-$1.12M (-23.7%)
Switzerland-$999k (-37.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Margarine were:
Indonesia $1.98B
Belgium $849M
Netherlands $805M
In 2022, Spain's main importing competitors in Margarine were:
China $1.33B
France $570M
Germany $519M

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.78M
TOP IMPORT POTENTIALGermany+ $3.66M

Margarine’s highest export potential is Germany. With an export gap of $5.78M.   Margarine’s highest import potential is Germany with an import gap of $3.66M.

See methodology.

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