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Pricing

2022
Exports $37.8BWorld Rnk 29 / 220
Flag Rnk 4 / 21
2022
Destination $5.93B France
2021 - 2022
FASTEST GROWING MARKET $5.93BFrance
2022
PRODUCT COMPLEXITY IN Mineral Products0.48Rnk 371 / 1025
2022
Imports $90.6BWorld Rnk 13 / 226
Flag Rnk 1 / 21
2022
Origin $8.88B United States
2021 - 2022
FASTEST GROWING ORIGIN $8.88BUnited States
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $37.8B in Mineral Products, making it the 29th largest exporter of Mineral Products in the world. At the same year, Mineral Products was the 4th most exported product in Spain. The main destination of Mineral Products exports from Spain are: France ($9.85B), Portugal ($5B), Netherlands ($3.08B), United States ($2.81B), and Morocco ($2.71B).

The fastest growing export markets for Mineral Products of Spain between 2021 and 2022 were France ($5.93B), Portugal ($1.98B), and Netherlands ($1.47B).

Imports In 2022, Spain imported $90.6B in Mineral Products, becoming the 13th largest importer of Mineral Products in the world. At the same year, Mineral Products was the 1st most imported product in Spain. Spain imports Mineral Products primarily from: United States ($14.6B), Nigeria ($9.26B), Algeria ($6.73B), Russia ($6.23B), and Brazil ($4.3B).

The fastest growing import markets in Mineral Products for Spain between 2021 and 2022 were United States ($8.88B), Nigeria ($2.7B), and Brazil ($2.53B).

COMPANIES In 2023, leading companies such as Cosentino (124), John Deere (120), and Mahle Behr (30) were at the forefront of shipping Mineral Products from Spain to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Spain's Mineral Products exports accounted up to €1.87B and imports accounted up to €4.98B, resulting in a negative trade balance of €3.11B. Between October 2023 and October 2024 the exports of Spain's   Mineral Products have decreased by €-549M (-22.7%) from €2.42B to €1.87B, while imports decreased by €-1.05B (-17.4%) from €6.02B to €4.98B.

Destinations In October 2024, Mineral Products were exported mostly to Rest of the world (€507M), France (€312M), Portugal (€226M), China (€109M), and Morocco (€86.2M), and were imported mostly from United States (€634M), Algeria (€467M), Brazil (€401M), Mexico (€331M), and Saudi Arabia (€272M).

Growth In October 2024, the decrease in Mineral Products's year-by-year exports was explained primarily by a decrease in exports to Belgium (€-70.1M or -61.2%), China (€-70M or -59.2%), and Portugal (€-66.2M or -20%). In October 2024, the decrease in Mineral Products's year-by-year imports was explained primarily by a decrease in imports from United States (€-490M or -36.2%), United Kingdom (€-172M or -77.4%), and Iraq (€-86.4M or -58.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-549M(-22.7%)
IMPORT GROWTH (October 2023 - October 2024)€-1.05B(-17.4%)
MAIN EXPORTER (October 2024)Madrid€567M
MAIN DESTINATION (October 2024)Rest of the world€507M

This section shows Mineral 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 Mineral Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$37.8B
IMPORTS (2022)$90.6B
NET TRADE (2022)-$52.8B

In 2022, Spain exported $37.8B in Mineral Products. The main destinations of Spain exports on Mineral Products were France ($9.85B), Portugal ($5B), Netherlands ($3.08B), United States ($2.81B), and Morocco ($2.71B).

In 2022, Spain imported $90.6B in Mineral Products, mainly from United States ($14.6B), Nigeria ($9.26B), Algeria ($6.73B), Russia ($6.23B), and Brazil ($4.3B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral Products EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$5.93B (151%)
Portugal$1.98B (65.6%)
Netherlands$1.47B (91.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral Products BY Spain WERE (2021 - 2022):
South Korea-$174M (-56.3%)
Russia-$135M (-94.3%)
Bonaire-$82.6M (-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 Mineral Products were:
United States $427B
Russia $319B
Australia $295B
In 2022, Spain's main importing competitors in Mineral Products were:
China $623B
United States $329B
India $291B

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Trade Value of Mineral Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.07B
TOP IMPORT POTENTIALAlgeria+ $2.18B

Mineral Products’s highest export potential is France. With an export gap of $1.07B.   Mineral Products’s highest import potential is Algeria with an import gap of $2.18B.

See methodology.

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