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2023
Exports $368MWorld Rnk 10 / 150
Flag Rnk 221 / 1215
2023
Destination $14.9M Portugal
2022 - 2023
FASTEST GROWING MARKET $14.9MCuba
2023
PRODUCT COMPLEXITY IN Seed Oils-0.97Rnk 825 / 1025
2023
Imports $775MWorld Rnk 7 / 216
Flag Rnk 122 / 1214
2023
Origin $68.4M Ukraine
2022 - 2023
FASTEST GROWING ORIGIN $68.4MNetherlands
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $368M in Seed Oils, making it the 10th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 221st most exported product in Spain. The main destination of Seed Oils exports from Spain are: Portugal ($74.3M), France ($61.8M), United States ($48M), United Kingdom ($28.3M), and Cuba ($15.1M).

The fastest growing export markets for Seed Oils of Spain between 2022 and 2023 were Cuba ($14.9M), Portugal ($10.6M), and Morocco ($8.84M).

Imports In 2023, Spain imported $775M in Seed Oils, becoming the 7th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 122nd most imported product in Spain. Spain imports Seed Oils primarily from: Ukraine ($313M), Netherlands ($102M), France ($79.7M), Portugal ($64.7M), and Germany ($49.8M).

The fastest growing import markets in Seed Oils for Spain between 2022 and 2023 were Netherlands ($68.4M), Portugal ($16.3M), and Luxembourg ($3.17M).

Latest Trends

December 2024

About

Overview In December 2024 Spain's Seed Oils exports accounted up to €30.7M and imports accounted up to €88.8M, resulting in a negative trade balance of €58.1M. Between December 2023 and December 2024 the exports of Spain's   Seed Oils have decreased by €-1.89M (-5.81%) from €32.6M to €30.7M, while imports increased by €22.7M (34.3%) from €66.1M to €88.8M.

Destinations In December 2024, Seed Oils were exported mostly to Portugal (€8.75M), United States (€7.09M), France (€4.38M), South Korea (€1.28M), and Chile (€1.11M), and were imported mostly from Ukraine (€68.4M), Bulgaria (€6.67M), France (€4.56M), Poland (€3.77M), and Italy (€3.37M).

Growth In December 2024, the decrease in Seed Oils's year-by-year exports was explained primarily by a decrease in exports to United States (€-13.5M or -87.1%), Mexico (€-2.96M or -60.7%), and France (€-2.9M or -45.8%). In December 2024, the increase in Seed Oils's year-by-year imports was explained primarily by an increase in imports from Ukraine (€35M or 138%), Italy (€487k or 64.9%), and Netherlands (€78.7k or 17.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€-1.89M(-5.81%)
IMPORT GROWTH (December 2023 - December 2024)€22.7M(34.3%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Portugal€8.75M

This section shows Seed 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 Seed Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$368M
IMPORTS (2023)$775M
NET TRADE (2023)-$406M

In 2023, Spain exported $368M in Seed Oils. The main destinations of Spain exports on Seed Oils were Portugal ($74.3M), France ($61.8M), United States ($48M), United Kingdom ($28.3M), and Cuba ($15.1M).

In 2023, Spain imported $775M in Seed Oils, mainly from Ukraine ($313M), Netherlands ($102M), France ($79.7M), Portugal ($64.7M), and Germany ($49.8M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Cuba$14.9M (5.54k%)
Portugal$10.6M (16.6%)
Morocco$8.84M (180%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Spain WERE (2022 - 2023):
France-$112M (-64.4%)
South Africa-$19.4M (-98.2%)
United States-$17.3M (-26.5%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, Spain's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

Explore Visualizations

Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $9.98M
TOP IMPORT POTENTIALFrance+ $22.7M

Seed Oils’s highest export potential is Germany. With an export gap of $9.98M.   Seed Oils’s highest import potential is France with an import gap of $22.7M.

See methodology.

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