Spices in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $134M in Spices, making it the 4th largest exporter of Spices in the world. At the same year, Spices was the 421st most exported product in Spain. The main destination of Spices exports from Spain are: United States ($28.6M), France ($18.8M), Portugal ($13.9M), Italy ($10.5M), and Sweden ($9.56M).

The fastest growing export markets for Spices of Spain between 2021 and 2022 were Italy ($5.46M), Sweden ($3.02M), and Cuba ($2.41M).

Imports In 2022, Spain imported $82.2M in Spices, becoming the 12th largest importer of Spices in the world. At the same year, Spices was the 570th most imported product in Spain. Spain imports Spices primarily from: Iran ($41.1M), China ($5.91M), Netherlands ($4.9M), Germany ($4.75M), and India ($4.13M).

The fastest growing import markets in Spices for Spain between 2021 and 2022 were Iran ($14.9M), Afghanistan ($926k), and Oman ($545k).

COMPANIES In 2023, leading companies such as ELKEM SILICONES USA CORP (2), ASOS US SALES LLC (1), and VOLKSWAGEN GROUP OF AMERICA INC. (1) were at the forefront of shipping Spices from Spain to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Spain's Spices exports accounted up to €10.7M and imports accounted up to €10.8M, resulting in a negative trade balance of €113k. Between February 2023 and February 2024 the exports of Spain's Spices have increased by €1.86M (21.1%) from €8.8M to €10.7M, while imports increased by €3.29M (43.9%) from €7.49M to €10.8M.

Destinations In February 2024, Spices were exported mostly to France (€2.22M), Argentina (€1.18M), United States (€1.01M), Portugal (€894k), and United Kingdom (€543k), and were imported mostly from Iran (€5.05M), China (€999k), Peru (€740k), Netherlands (€708k), and Germany (€688k).

Growth In February 2024, the increase in Spices's year-by-year exports was explained primarily by an increase in exports to United States (€1.26M or 87.7%), Italy (€793k or 153%), and United Arab Emirates (€437k or 321%). In February 2024, the increase in Spices's year-by-year imports was explained primarily by an increase in imports from Afghanistan (€363k or 200%), Germany (€292k or 46.2%), and Greece (€98.9k or 43.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€1.86M(21.1%)

IMPORT GROWTH (February 2023 - February 2024)€3.29M(43.9%)

MAIN EXPORTER (February 2024)Murcia€4.1M

MAIN DESTINATION (February 2024)France€2.22M

This section shows Spices'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 Spices over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$134M

IMPORTS (2022)$82.2M

NET TRADE (2022)$51.9M

In 2022, Spain exported $134M in Spices. The main destinations of Spain exports on Spices were United States ($28.6M), France ($18.8M), Portugal ($13.9M), Italy ($10.5M), and Sweden ($9.56M).

In 2022, Spain imported $82.2M in Spices, mainly from Iran ($41.1M), China ($5.91M), Netherlands ($4.9M), Germany ($4.75M), and India ($4.13M).

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