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2022
Exports $135MWorld Rnk 7 / 153
Flag Rnk 420 / 1214
2022
Destination $11.3M France
2021 - 2022
FASTEST GROWING MARKET $11.3MFrance
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils-1.26Rnk 899 / 1025
2022
Imports $73.1MWorld Rnk 25 / 214
Flag Rnk 605 / 1214
2022
Origin $13.4M Portugal
2021 - 2022
FASTEST GROWING ORIGIN $13.4MPortugal
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $135M in Other Vegetable Oils, making it the 7th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 420th most exported product in Spain. The main destination of Other Vegetable Oils exports from Spain are: France ($31.5M), Italy ($20.9M), Portugal ($14.2M), Japan ($12M), and Germany ($10.7M).

The fastest growing export markets for Other Vegetable Oils of Spain between 2021 and 2022 were France ($11.3M), Italy ($7.64M), and Japan ($4.93M).

Imports In 2022, Spain imported $73.1M in Other Vegetable Oils, becoming the 25th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 605th most imported product in Spain. Spain imports Other Vegetable Oils primarily from: Portugal ($18.7M), Germany ($16.9M), Malaysia ($8.06M), France ($5.82M), and Belgium ($3.63M).

The fastest growing import markets in Other Vegetable Oils for Spain between 2021 and 2022 were Portugal ($13.4M), Germany ($3.94M), and Panama ($1.75M).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Other Vegetable Oils exports accounted up to €8.68M and imports accounted up to €3.53M, resulting in a positive trade balance of €5.15M. Between June 2023 and June 2024 the exports of Spain's   Other Vegetable Oils have decreased by €-1.5M (-14.7%) from €10.2M to €8.68M, while imports decreased by €-814k (-18.7%) from €4.35M to €3.53M.

Destinations In June 2024, Other Vegetable Oils were exported mostly to France (€2.57M), Italy (€1.76M), South Korea (€855k), Germany (€789k), and Portugal (€671k), and were imported mostly from Netherlands (€690k), Germany (€453k), France (€447k), China (€428k), and Belgium (€373k).

Growth In June 2024, the decrease in Other Vegetable Oils's year-by-year exports was explained primarily by a decrease in exports to United States (€-395k or -96.8%), Netherlands (€-80.9k or -26.7%), and China (€-74.9k or -56.6%). In June 2024, the decrease in Other Vegetable Oils's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-430k or -71.9%), China (€-162k or -69.6%), and Sweden (€-42.5k or -36.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-1.5M(-14.7%)
IMPORT GROWTH (June 2023 - June 2024)€-814k(-18.7%)
MAIN EXPORTER (June 2024)Barcelona€6.41M
MAIN DESTINATION (June 2024)France€2.57M

This section shows Other Vegetable Oils'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 Other Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$135M
IMPORTS (2022)$73.1M
NET TRADE (2022)$61.7M

In 2022, Spain exported $135M in Other Vegetable Oils. The main destinations of Spain exports on Other Vegetable Oils were France ($31.5M), Italy ($20.9M), Portugal ($14.2M), Japan ($12M), and Germany ($10.7M).

In 2022, Spain imported $73.1M in Other Vegetable Oils, mainly from Portugal ($18.7M), Germany ($16.9M), Malaysia ($8.06M), France ($5.82M), and Belgium ($3.63M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$11.3M (55.5%)
Italy$7.64M (57.8%)
Japan$4.93M (70%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Spain WERE (2021 - 2022):
Sweden-$18.7M (-78.3%)
Portugal-$2.47M (-14.8%)
Canada-$735k (-81.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Other Vegetable Oils were:
Malaysia $1.66B
Indonesia $1.52B
Netherlands $424M
In 2022, Spain's main importing competitors in Other Vegetable Oils were:
China $786M
Netherlands $515M
United States $325M

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.23M
TOP IMPORT POTENTIALIndonesia+ $3.03M

Other Vegetable Oils’s highest export potential is Germany. With an export gap of $2.23M.   Other Vegetable Oils’s highest import potential is Indonesia with an import gap of $3.03M.

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