Soybeans in Spain | The Observatory of Economic Complexity

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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

February 2024

About

Overview In February 2024 Spain's Soybeans exports accounted up to €262k and imports accounted up to €118M, resulting in a negative trade balance of €118M. Between February 2023 and February 2024 the exports of Spain's Soybeans have decreased by €-24.9k (-8.68%) from €287k to €262k, while imports decreased by €-59M (-33.4%) from €177M to €118M.

Destinations In February 2024, Soybeans were exported mostly to United Kingdom (€128k), Portugal (€56.8k), France (€56.4k), Germany (€8.85k), and Italy (€6.7k), and were imported mostly from United States (€92.4M), Brazil (€23M), France (€872k), Italy (€504k), and Portugal (€450k).

Growth In February 2024, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to Portugal (€-51.4k or -41.2%) and Italy (€-9.13k or -87.6%). In February 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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-24.9k(-8.68%)

IMPORT GROWTH (February 2023 - February 2024)€-59M(-33.4%)

MAIN EXPORTER (February 2024)Navarra€185k

MAIN DESTINATION (February 2024)United Kingdom€128k

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

Trade Value

Growth

Growth (%)

Year

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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