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2023
Exports $256MWorld Rnk 3 / 178
Flag Rnk 283 / 1215
2023
Destination $10.4M United Kingdom
2022 - 2023
FASTEST GROWING MARKET $10.4MGuinea
2023
PRODUCT COMPLEXITY IN Soups and Broths-0.55Rnk 719 / 1025
2023
Imports $54.1MWorld Rnk 16 / 224
Flag Rnk 648 / 1214
2023
Origin $4.16M Italy
2022 - 2023
FASTEST GROWING ORIGIN $4.16MGermany
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $256M in Soups and Broths, making it the 3rd largest exporter of Soups and Broths in the world. At the same year, Soups and Broths was the 283rd most exported product in Spain. The main destination of Soups and Broths exports from Spain are: United Kingdom ($27.8M), France ($26.7M), Burkina Faso ($17M), Portugal ($16.5M), and Italy ($15.9M).

The fastest growing export markets for Soups and Broths of Spain between 2022 and 2023 were Guinea ($10.4M), Italy ($10.3M), and Burkina Faso ($8.49M).

Imports In 2023, Spain imported $54.1M in Soups and Broths, becoming the 16th largest importer of Soups and Broths in the world. At the same year, Soups and Broths was the 648th most imported product in Spain. Spain imports Soups and Broths primarily from: Italy ($18.4M), Belgium ($7.79M), Germany ($7.11M), France ($4.13M), and Portugal ($4.05M).

The fastest growing import markets in Soups and Broths for Spain between 2022 and 2023 were Germany ($4.16M), Italy ($2.45M), and France ($1.42M).

COMPANIES In 2024, leading companies such as Porven (2) and Givaudan Fragrances (1) were at the forefront of shipping Soups and Broths from Spain to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Spain's Soups and Broths exports accounted up to €23.9M and imports accounted up to €5.19M, resulting in a positive trade balance of €18.7M. Between December 2023 and December 2024 the exports of Spain's   Soups and Broths have increased by €6.07M (34.1%) from €17.8M to €23.9M, while imports increased by €463k (9.8%) from €4.73M to €5.19M.

Destinations In December 2024, Soups and Broths were exported mostly to France (€2.52M), Somalia (€2.23M), Israel (€1.77M), United Kingdom (€1.66M), and Italy (€1.54M), and were imported mostly from Italy (€2.04M), Germany (€901k), Belgium (€603k), Netherlands (€379k), and Portugal (€375k).

Growth In December 2024, the increase in Soups and Broths's year-by-year exports was explained primarily by an increase in exports to Burkina Faso (€1.15M or 134%), France (€494k or 28.7%), and Mauritania (€418k or 8.3k%). In December 2024, the increase in Soups and Broths's year-by-year imports was explained primarily by an increase in imports from Italy (€437k or 28.1%), Germany (€80.7k or 11.2%), and Morocco (€75.3k or 666%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€6.07M(34.1%)
IMPORT GROWTH (December 2023 - December 2024)€463k(9.8%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)France€2.52M

This section shows Soups and Broths'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 Soups and Broths over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$256M
IMPORTS (2023)$54.1M
NET TRADE (2023)$202M

In 2023, Spain exported $256M in Soups and Broths. The main destinations of Spain exports on Soups and Broths were United Kingdom ($27.8M), France ($26.7M), Burkina Faso ($17M), Portugal ($16.5M), and Italy ($15.9M).

In 2023, Spain imported $54.1M in Soups and Broths, mainly from Italy ($18.4M), Belgium ($7.79M), Germany ($7.11M), France ($4.13M), and Portugal ($4.05M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Soups and Broths EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Guinea$10.4M (1.27k%)
Italy$10.3M (187%)
Burkina Faso$8.49M (99.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soups and Broths BY Spain WERE (2022 - 2023):
Ghana-$3.04M (-34.5%)
Sierra Leone-$1.91M (-84.7%)
Madagascar-$1.16M (-20.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Soups and Broths were:
United States $805M
Germany $264M
In 2023, Spain's main importing competitors in Soups and Broths were:
United States $591M
Mexico $446M
Canada $327M

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Trade Value of Soups and Broths by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $4.77M
TOP IMPORT POTENTIALFrance+ $1.64M

Soups and Broths’s highest export potential is France. With an export gap of $4.77M.   Soups and Broths’s highest import potential is France with an import gap of $1.64M.

See methodology.

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