2022
Exports
$920MWorld Rnk 3 / 188
Flag Rnk 53 / 96
2022
PRODUCT COMPLEXITY IN Natural gums, resins & other vegetable extracts
-0.98Rnk 834 / 1025
2022
Imports
$349MWorld Rnk 9 / 212
Flag Rnk 75 / 96
2022
ECONOMIC COMPLEXITY of Spain
0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $920M in Natural gums, resins & other vegetable extracts, making it the 3rd largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 53rd most exported product in Spain. The main destination of Natural gums, resins & other vegetable extracts exports from Spain are: United States ($240M), Germany ($83.5M), Denmark ($79.3M), France ($45.5M), and Mexico ($40.5M).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of Spain between 2021 and 2022 were United States ($58.2M), Denmark ($29.1M), and Mexico ($18M).

Imports In 2022, Spain imported $349M in Natural gums, resins & other vegetable extracts, becoming the 9th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 75th most imported product in Spain. Spain imports Natural gums, resins & other vegetable extracts primarily from: China ($134M), France ($38.9M), Germany ($34M), Philippines ($25.3M), and Italy ($22.9M).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for Spain between 2021 and 2022 were China ($31.5M), France ($20.1M), and Philippines ($14.6M).

COMPANIES In 2023, leading companies such as JBS Foods (2) were at the forefront of shipping Natural gums, resins & other vegetable extracts from Spain to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-13.9M(-23.6%)
IMPORT GROWTH (June 2023 - June 2024)€1.47M(6.07%)
MAIN EXPORTER (June 2024)Barcelona€16.8M
MAIN DESTINATION (June 2024)United States€9.62M

This section shows Natural gums, resins & other vegetable extracts'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 Natural gums, resins & other vegetable extracts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$920M
IMPORTS (2022)$349M
NET TRADE (2022)$571M

In 2022, Spain exported $920M in Natural gums, resins & other vegetable extracts. The main destinations of Spain exports on Natural gums, resins & other vegetable extracts were United States ($240M), Germany ($83.5M), Denmark ($79.3M), France ($45.5M), and Mexico ($40.5M).

In 2022, Spain imported $349M in Natural gums, resins & other vegetable extracts, mainly from China ($134M), France ($38.9M), Germany ($34M), Philippines ($25.3M), and Italy ($22.9M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Natural gums, resins & other vegetable extracts EXPORT MARKETS FOR Spain WERE (2021 - 2022):
United States$58.2M (32%)
Denmark$29.1M (58%)
Mexico$18M (79.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Natural gums, resins & other vegetable extracts BY Spain WERE (2021 - 2022):
Indonesia-$2.13M (-25.5%)
Russia-$2.02M (-29.8%)
Saudi Arabia-$1.2M (-34.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Natural gums, resins & other vegetable extracts were:
China $2.24B
India $1.18B
In 2022, Spain's main importing competitors in Natural gums, resins & other vegetable extracts were:

Explore Visualizations

Trade Value of Natural gums, resins & other vegetable extracts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $18.3M
TOP IMPORT POTENTIALFrance+ $12.3M

Natural gums, resins & other vegetable extracts’s highest export potential is France. With an export gap of $18.3M.   Natural gums, resins & other vegetable extracts’s highest import potential is France with an import gap of $12.3M.

See methodology.

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