Rum and tafia in Spain | The Observatory of Economic Complexity

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Pricing

2022
Exports $119MWorld Rnk 6 / 166
Flag

Rnk 582 / 4566

2022
Destination $6.4MN/A

2021 - 2022
FASTEST GROWING MARKET $6.4MCyprus

2022
Imports $164MWorld Rnk 3 / 220
Flag

Rnk 506 / 4549

2022
Origin $19.4M Dominican Republic

2021 - 2022
FASTEST GROWING ORIGIN $19.4MDominican Republic

2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

Image 1

Link: custom-image-1689

Image 2

Image by Eemil Ahonen
Link: https://flic.kr/p/24JXvct

Latest Trends
Historical Data

About

The fastest growing export markets for Rum and tafia of Spain between 2021 and 2022 were Cyprus ($6.4M), Germany ($3.65M), and Belgium ($2.02M).

Imports In 2022, Spain imported $164M in Rum and tafia, becoming the 3rd largest importer of Rum and tafia in the world. At the same year, Rum and tafia was the 506th most imported product in Spain. Spain imports Rum and tafia primarily from: Dominican Republic ($60.7M), Cuba ($35.3M), Italy ($23M), Venezuela ($11.3M), and France ($6.25M).

The fastest growing import markets in Rum and tafia for Spain between 2021 and 2022 were Dominican Republic ($19.4M), Italy ($9.66M), and Venezuela ($6.17M).

COMPANIES In 2023, leading companies such as Cosentino (4.19k), Soho Studio (2.13k), and John Deere (2.12k) were at the forefront of shipping Rum and tafia from Spain to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Spain's Rum and tafia exports accounted up to €9.64M and imports accounted up to €14.4M, resulting in a negative trade balance of €4.76M. Between June 2023 and June 2024 the exports of Spain's Rum and tafia have decreased by €-1.01M (-9.52%) from €10.7M to €9.64M, while imports increased by €723k (5.28%) from €13.7M to €14.4M.

Destinations In June 2024, Rum and tafia were exported mostly to Germany (€2.74M), Russia (€1.12M), Greece (€777k), Romania (€607k), and Italy (€574k), and were imported mostly from Dominican Republic (€4.13M), Cuba (€3.04M), Netherlands (€1.78M), United States (€1.16M), and Venezuela (€983k).

Growth In June 2024, the decrease in Rum and tafia's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-527k or -71.6%), France (€-319k or -38.5%), and Greece (€-41.4k or -38%). In June 2024, the increase in Rum and tafia's year-by-year imports was explained primarily by an increase in imports from Dominican Republic (€1.61M or 53.9%), Venezuela (€985k or 285%), and Cuba (€971k or 28.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (June 2023 - June 2024)€-1.01M(-9.52%)

IMPORT GROWTH (June 2023 - June 2024)€723k(5.28%)

MAIN EXPORTER (June 2024)Ciudad Real€6.77M

MAIN DESTINATION (June 2024)Germany€2.74M

This section shows Rum and tafia'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 Rum and tafia over time.

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Unit Prices

Flow

Exports

Imports

Value

Unit Price

Index (YoY)

Growth (YoY)

The following visualization shows the unit prices for Rum and tafia throughout time. Products without a clear unit are excluded.

Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$119M

IMPORTS (2022)$164M

NET TRADE (2022)-$44.7M

In 2022, Spain imported $164M in Rum and tafia, mainly from Dominican Republic ($60.7M), Cuba ($35.3M), Italy ($23M), Venezuela ($11.3M), and France ($6.25M).

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