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2022
Exports $585MWorld Rnk 4 / 141
Flag Rnk 159 / 1214
2022
Destination $79.5M Netherlands
2021 - 2022
FASTEST GROWING MARKET $79.5MPortugal
2022
PRODUCT COMPLEXITY IN Inedible Fats and Oils-0.34Rnk 660 / 1025
2022
Imports $1.03BWorld Rnk 3 / 186
Flag Rnk 100 / 1214
2022
Origin $157M China
2021 - 2022
FASTEST GROWING ORIGIN $157MChina
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $585M in Inedible Fats and Oils, making it the 4th largest exporter of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 159th most exported product in Spain. The main destination of Inedible Fats and Oils exports from Spain are: Netherlands ($264M), Portugal ($188M), Sweden ($44.6M), Italy ($25.7M), and Belgium ($16M).

The fastest growing export markets for Inedible Fats and Oils of Spain between 2021 and 2022 were Portugal ($79.5M), Netherlands ($48M), and Sweden ($41.2M).

Imports In 2022, Spain imported $1.03B in Inedible Fats and Oils, becoming the 3rd largest importer of Inedible Fats and Oils in the world. At the same year, Inedible Fats and Oils was the 100th most imported product in Spain. Spain imports Inedible Fats and Oils primarily from: China ($656M), Indonesia ($80.8M), Malaysia ($69.3M), Netherlands ($64M), and Belgium ($33.4M).

The fastest growing import markets in Inedible Fats and Oils for Spain between 2021 and 2022 were China ($157M), Malaysia ($38.7M), and Netherlands ($33.4M).

Latest Trends

February 2024

About

Overview In February 2024 Spain's Inedible Fats and Oils exports accounted up to €18.5M and imports accounted up to €47.2M, resulting in a negative trade balance of €28.7M. Between February 2023 and February 2024 the exports of Spain's   Inedible Fats and Oils have decreased by €-29M (-61.1%) from €47.5M to €18.5M, while imports decreased by €-9.06M (-16.1%) from €56.2M to €47.2M.

Destinations In February 2024, Inedible Fats and Oils were exported mostly to Sweden (€7.19M), Portugal (€3.89M), Netherlands (€2.27M), Italy (€1.62M), and France (€831k), and were imported mostly from Netherlands (€13.9M), China (€12.2M), United Kingdom (€5.31M), Belgium (€4.89M), and France (€2.91M).

Growth In February 2024, the decrease in Inedible Fats and Oils's year-by-year exports was explained primarily by a decrease in exports to Portugal (€-2.18M or -24.5%), Belgium (€-1.05M or -48.1%), and United Kingdom (€-39.5k or -94%). In February 2024, the decrease in Inedible Fats and Oils's year-by-year imports was explained primarily by a decrease in imports from China (€-26.9M or -69.2%), Belgium (€-10.4M or -99.1%), and Portugal (€-542k or -25.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (February 2023 - February 2024)€-29M(-61.1%)
IMPORT GROWTH (February 2023 - February 2024)€-9.06M(-16.1%)
MAIN EXPORTER (February 2024)Huelva€16.6M
MAIN DESTINATION (February 2024)Sweden€7.19M

This section shows Inedible Fats and Oils'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 Inedible Fats and Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$585M
IMPORTS (2022)$1.03B
NET TRADE (2022)-$450M

In 2022, Spain exported $585M in Inedible Fats and Oils. The main destinations of Spain exports on Inedible Fats and Oils were Netherlands ($264M), Portugal ($188M), Sweden ($44.6M), Italy ($25.7M), and Belgium ($16M).

In 2022, Spain imported $1.03B in Inedible Fats and Oils, mainly from China ($656M), Indonesia ($80.8M), Malaysia ($69.3M), Netherlands ($64M), and Belgium ($33.4M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inedible Fats and Oils EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Portugal$79.5M (73%)
Netherlands$48M (22.2%)
Sweden$41.2M (1.22k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inedible Fats and Oils BY Spain WERE (2021 - 2022):
France-$57.9M (-83.3%)
Finland-$7.41M (-99.9%)
Denmark-$1.27M (-30.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Inedible Fats and Oils were:
China $2.4B
Netherlands $1.68B
Malaysia $942M
In 2022, Spain's main importing competitors in Inedible Fats and Oils were:
Netherlands $2.47B
Singapore $1.19B

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Trade Value of Inedible Fats and Oils by Exporters

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