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2022
Exports $3.78MWorld Rnk 56 / 139
Flag Rnk 1042 / 1214
2022
Destination $411k Portugal
2021 - 2022
FASTEST GROWING MARKET $411kUnited Kingdom
2022
PRODUCT COMPLEXITY IN Soybeans-1.62Rnk 963 / 1025
2022
Imports $2.43BWorld Rnk 4 / 200
Flag Rnk 26 / 1214
2022
Origin $257M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $257MBrazil
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $3.78M in Soybeans, making it the 56th largest exporter of Soybeans in the world. At the same year, Soybeans was the 1042nd most exported product in Spain. The main destination of Soybeans exports from Spain are: Portugal ($1.7M), France ($1.18M), United Kingdom ($437k), Italy ($154k), and Netherlands ($135k).

The fastest growing export markets for Soybeans of Spain between 2021 and 2022 were United Kingdom ($411k), Portugal ($289k), and France ($209k).

Imports In 2022, Spain imported $2.43B in Soybeans, becoming the 4th largest importer of Soybeans in the world. At the same year, Soybeans was the 26th most imported product in Spain. Spain imports Soybeans primarily from: Brazil ($1.89B), United States ($421M), Canada ($64.3M), France ($26.4M), and Ukraine ($16.2M).

The fastest growing import markets in Soybeans for Spain between 2021 and 2022 were Brazil ($257M), Ukraine ($12.4M), and France ($8.74M).

Latest Trends

October 2024

About

Overview In October 2024 Spain's Soybeans exports accounted up to €362k and imports accounted up to €143M, resulting in a negative trade balance of €142M. Between October 2023 and October 2024 the exports of Spain's   Soybeans have increased by €82.1k (29.4%) from €280k to €362k, while imports decreased by €-3.72M (-2.54%) from €146M to €143M.

Destinations In October 2024, Soybeans were exported mostly to France (€200k), Portugal (€151k), Sweden (€4.61k), Morocco (€2.55k), and Germany (€1.22k), and were imported mostly from United States (€78.8M), Brazil (€61.5M), Canada (€663k), France (€652k), and Portugal (€568k).

Growth In October 2024, the increase in Soybeans's year-by-year exports was explained primarily by an increase in exports to United Kingdom (€58.1k or 111%), France (€47.8k or 112%), and Germany (€18.6k or 899%). In October 2024, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from Brazil (€-27.7M or -99.9%), France (€-2.78M or -80.1%), and China (€-276k or -81.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€82.1k(29.4%)
IMPORT GROWTH (October 2023 - October 2024)€-3.72M(-2.54%)
MAIN EXPORTER (October 2024)Navarra€192k
MAIN DESTINATION (October 2024)France€200k

This section shows Soybeans'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 Soybeans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.78M
IMPORTS (2022)$2.43B
NET TRADE (2022)-$2.43B

In 2022, Spain exported $3.78M in Soybeans. The main destinations of Spain exports on Soybeans were Portugal ($1.7M), France ($1.18M), United Kingdom ($437k), Italy ($154k), and Netherlands ($135k).

In 2022, Spain imported $2.43B in Soybeans, mainly from Brazil ($1.89B), United States ($421M), Canada ($64.3M), France ($26.4M), and Ukraine ($16.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Spain WERE (2021 - 2022):
United Kingdom$411k (1.58k%)
Portugal$289k (20.4%)
France$209k (21.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Spain WERE (2021 - 2022):
Turkey-$3.74M (-100%)
Romania-$46.5k (-97.2%)
Greece-$21.3k (-37.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Soybeans were:
Brazil $47.2B
United States $34.6B
Argentina $3.25B
In 2022, Spain's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $808k
TOP IMPORT POTENTIALUnited States+ $68.5M

Soybeans’s highest export potential is France. With an export gap of $808k.   Soybeans’s highest import potential is United States with an import gap of $68.5M.

See methodology.

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