Phosphoric Acid in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $22.7M in Phosphoric Acid, making it the 28th largest exporter of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 796th most exported product in Spain. The main destination of Phosphoric Acid exports from Spain are: France ($7.2M), Turkey ($5.02M), Portugal ($4.4M), Germany ($1.31M), and Netherlands ($800k).

The fastest growing export markets for Phosphoric Acid of Spain between 2021 and 2022 were France ($6.35M), Portugal ($2.16M), and Germany ($1.3M).

Imports In 2022, Spain imported $296M in Phosphoric Acid, becoming the 8th largest importer of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 286th most imported product in Spain. Spain imports Phosphoric Acid primarily from: Morocco ($186M), Israel ($59.7M), China ($23.7M), Tunisia ($14.4M), and Germany ($3.61M).

The fastest growing import markets in Phosphoric Acid for Spain between 2021 and 2022 were Israel ($31.5M), Morocco ($27.1M), and China ($19.7M).

Latest Trends

February 2024

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Overview In February 2024 Spain's Phosphoric Acid exports accounted up to €591k and imports accounted up to €6.23M, resulting in a negative trade balance of €5.63M. Between February 2023 and February 2024 the exports of Spain's Phosphoric Acid have decreased by €-1.77M (-75%) from €2.36M to €591k, while imports decreased by €-6.12M (-49.6%) from €12.3M to €6.23M.

Destinations In February 2024, Phosphoric Acid were exported mostly to Portugal (€178k), France (€150k), Italy (€111k), Netherlands (€62.9k), and Senegal (€37.3k), and were imported mostly from Morocco (€3.46M), Israel (€1.53M), China (€321k), Germany (€277k), and Netherlands (€266k).

Growth In February 2024, the decrease in Phosphoric Acid's year-by-year exports was explained primarily by a decrease in exports to Portugal (€-223k or -54.8%), Belgium (€-40.3k or -88.5%), and Turkey (€-17.1k or -80.6%). In February 2024, the decrease in Phosphoric Acid's year-by-year imports was explained primarily by a decrease in imports from Morocco (€-10.7M or -51.5%), Israel (€-2.39M or -65.3%), and Tunisia (€-593k or -18.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-1.77M(-75%)

IMPORT GROWTH (February 2023 - February 2024)€-6.12M(-49.6%)

MAIN EXPORTER (February 2024)Barcelona€271k

MAIN DESTINATION (February 2024)Portugal€178k

This section shows Phosphoric Acid'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 Phosphoric Acid over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$22.7M

IMPORTS (2022)$296M

NET TRADE (2022)-$274M

In 2022, Spain exported $22.7M in Phosphoric Acid. The main destinations of Spain exports on Phosphoric Acid were France ($7.2M), Turkey ($5.02M), Portugal ($4.4M), Germany ($1.31M), and Netherlands ($800k).

In 2022, Spain imported $296M in Phosphoric Acid, mainly from Morocco ($186M), Israel ($59.7M), China ($23.7M), Tunisia ($14.4M), and Germany ($3.61M).

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