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2022
Exports $622MWorld Rnk 9 / 152
Flag Rnk 147 / 1214
2022
Destination $112M France
2021 - 2022
FASTEST GROWING MARKET $112MFrance
2022
PRODUCT COMPLEXITY IN Seed Oils-0.99Rnk 836 / 1025
2022
Imports $1.11BWorld Rnk 4 / 211
Flag Rnk 94 / 1214
2022
Origin $194M Bulgaria
2021 - 2022
FASTEST GROWING ORIGIN $194MBulgaria
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $622M in Seed Oils, making it the 9th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 147th most exported product in Spain. The main destination of Seed Oils exports from Spain are: France ($177M), Portugal ($76.2M), United States ($66.8M), Belgium ($55.3M), and United Kingdom ($38.8M).

The fastest growing export markets for Seed Oils of Spain between 2021 and 2022 were France ($112M), Belgium ($52.9M), and United States ($42M).

Imports In 2022, Spain imported $1.11B in Seed Oils, becoming the 4th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 94th most imported product in Spain. Spain imports Seed Oils primarily from: Bulgaria ($308M), Ukraine ($266M), France ($113M), Poland ($85.8M), and Romania ($67.7M).

The fastest growing import markets in Seed Oils for Spain between 2021 and 2022 were Bulgaria ($194M), Poland ($85.8M), and Netherlands ($61.7M).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Seed Oils exports accounted up to €23.5M and imports accounted up to €79.4M, resulting in a negative trade balance of €55.9M. Between June 2023 and June 2024 the exports of Spain's   Seed Oils have decreased by €-4.29M (-15.4%) from €27.8M to €23.5M, while imports increased by €2.47M (3.21%) from €77M to €79.4M.

Destinations In June 2024, Seed Oils were exported mostly to Portugal (€6.41M), France (€2.75M), South Korea (€1.62M), United States (€1.58M), and Italy (€1.5M), and were imported mostly from Ukraine (€66.4M), France (€6.11M), Bulgaria (€3.2M), Portugal (€2.54M), and Italy (€428k).

Growth In June 2024, the decrease in Seed Oils's year-by-year exports was explained primarily by a decrease in exports to France (€-9.01M or -58.7%), Portugal (€-3.55M or -29.8%), and Belgium (€-2.74M or -93.3%). In June 2024, the increase in Seed Oils's year-by-year imports was explained primarily by an increase in imports from France (€10.1M or 275%), Poland (€9.05M or 656k%), and Portugal (€4.42M or 107%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-4.29M(-15.4%)
IMPORT GROWTH (June 2023 - June 2024)€2.47M(3.21%)
MAIN EXPORTER (June 2024)Murcia€7.1M
MAIN DESTINATION (June 2024)Portugal€6.41M

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 (2022)$622M
IMPORTS (2022)$1.11B
NET TRADE (2022)-$486M

In 2022, Spain exported $622M in Seed Oils. The main destinations of Spain exports on Seed Oils were France ($177M), Portugal ($76.2M), United States ($66.8M), Belgium ($55.3M), and United Kingdom ($38.8M).

In 2022, Spain imported $1.11B in Seed Oils, mainly from Bulgaria ($308M), Ukraine ($266M), France ($113M), Poland ($85.8M), and Romania ($67.7M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$112M (170%)
Belgium$52.9M (2.21k%)
United States$42M (170%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Spain WERE (2021 - 2022):
Greece-$2.34M (-89.5%)
Colombia-$2.08M (-87.4%)
Madagascar-$979k (-82.2%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, Spain's main importing competitors in Seed Oils were:
India $2.88B
Turkey $1.84B
Netherlands $1.26B

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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