Synthetic Rubber in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $352M in Synthetic Rubber, making it the 20th largest exporter of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 241st most exported product in Spain. The main destination of Synthetic Rubber exports from Spain are: Germany ($66M), France ($60.5M), United States ($44.1M), Italy ($40.1M), and Portugal ($23.9M).

The fastest growing export markets for Synthetic Rubber of Spain between 2021 and 2022 were Austria ($8M), France ($6.79M), and Germany ($5.31M).

Imports In 2022, Spain imported $538M in Synthetic Rubber, becoming the 17th largest importer of Synthetic Rubber in the world. At the same year, Synthetic Rubber was the 173rd most imported product in Spain. Spain imports Synthetic Rubber primarily from: France ($126M), Germany ($47.7M), Netherlands ($45.7M), Italy ($44.1M), and Belgium ($30.4M).

The fastest growing import markets in Synthetic Rubber for Spain between 2021 and 2022 were France ($34.2M), Poland ($16.9M), and Netherlands ($8.51M).

Latest Trends

February 2024

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Overview In February 2024 Spain's Synthetic Rubber exports accounted up to €16.9M and imports accounted up to €37.7M, resulting in a negative trade balance of €20.8M. Between February 2023 and February 2024 the exports of Spain's Synthetic Rubber have decreased by €-4.35M (-20.5%) from €21.2M to €16.9M, while imports increased by €1.24M (3.39%) from €36.4M to €37.7M.

Destinations In February 2024, Synthetic Rubber were exported mostly to France (€4.26M), Germany (€3.79M), United States (€1.5M), Belgium (€1.01M), and Italy (€934k), and were imported mostly from France (€8.04M), Germany (€4.3M), United States (€4.19M), Italy (€3.51M), and Netherlands (€3.33M).

Growth In February 2024, the decrease in Synthetic Rubber's year-by-year exports was explained primarily by a decrease in exports to Italy (€-797k or -26.2%), France (€-551k or -12.9%), and Netherlands (€-333k or -37.5%). In February 2024, the increase in Synthetic Rubber's year-by-year imports was explained primarily by an increase in imports from France (€2.46M or 32.5%), United States (€1.84M or 145%), and South Korea (€1.41M or 128%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-4.35M(-20.5%)

IMPORT GROWTH (February 2023 - February 2024)€1.24M(3.39%)

MAIN EXPORTER (February 2024)Cantabria (santander)€8.89M

MAIN DESTINATION (February 2024)France€4.26M

This section shows Synthetic Rubber'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 Synthetic Rubber over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$352M

IMPORTS (2022)$538M

NET TRADE (2022)-$186M

In 2022, Spain exported $352M in Synthetic Rubber. The main destinations of Spain exports on Synthetic Rubber were Germany ($66M), France ($60.5M), United States ($44.1M), Italy ($40.1M), and Portugal ($23.9M).

In 2022, Spain imported $538M in Synthetic Rubber, mainly from France ($126M), Germany ($47.7M), Netherlands ($45.7M), Italy ($44.1M), and Belgium ($30.4M).

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