Rubber in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $26.2M in Rubber, making it the 26th largest exporter of Rubber in the world. At the same year, Rubber was the 769th most exported product in Spain. The main destination of Rubber exports from Spain are: Italy ($6.26M), Portugal ($4.86M), France ($4.07M), Germany ($1.3M), and Israel ($1.05M).

The fastest growing export markets for Rubber of Spain between 2021 and 2022 were Italy ($2.64M), France ($1.57M), and Portugal ($819k).

Imports In 2022, Spain imported $482M in Rubber, becoming the 11th largest importer of Rubber in the world. At the same year, Rubber was the 188th most imported product in Spain. Spain imports Rubber primarily from: Cote d'Ivoire ($151M), Thailand ($137M), France ($38.9M), Indonesia ($32.2M), and Nigeria ($18.7M).

The fastest growing import markets in Rubber for Spain between 2021 and 2022 were Thailand ($27.6M), Cote d'Ivoire ($19.5M), and Ghana ($7.39M).

COMPANIES In 2023, leading companies such as GOODYEAR TIRE & RUBBER CO. (61) and COSENTINO NORTH AMERICA INC. (14) were at the forefront of shipping Rubber from Spain to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Spain's Rubber exports accounted up to €748k and imports accounted up to €25.2M, resulting in a negative trade balance of €24.4M. Between January 2023 and January 2024 the exports of Spain's Rubber have decreased by €-90.1k (-10.8%) from €838k to €748k, while imports increased by €596k (2.42%) from €24.6M to €25.2M.

Destinations In January 2024, Rubber were exported mostly to Italy (€284k), France (€246k), Israel (€97.2k), Germany (€29.6k), and Portugal (€27k), and were imported mostly from Thailand (€8.84M), Cote d'Ivoire (€6.13M), Indonesia (€2.8M), Ghana (€1.94M), and Nigeria (€1.68M).

Growth In January 2024, the decrease in Rubber's year-by-year exports was explained primarily by a decrease in exports to France (€-891k or -79.5%), Germany (€-594k or -97.2%), and Portugal (€-93.8k or -65.4%). In January 2024, the increase in Rubber's year-by-year imports was explained primarily by an increase in imports from France (€565k or 18.7%), Indonesia (€557k or 32%), and Liberia (€208k or 15.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-90.1k(-10.8%)

IMPORT GROWTH (January 2023 - January 2024)€596k(2.42%)

MAIN EXPORTER (January 2024)Barcelona€420k

MAIN DESTINATION (January 2024)Italy€284k

This section shows 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 Rubber over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$26.2M

IMPORTS (2022)$482M

NET TRADE (2022)-$456M

In 2022, Spain exported $26.2M in Rubber. The main destinations of Spain exports on Rubber were Italy ($6.26M), Portugal ($4.86M), France ($4.07M), Germany ($1.3M), and Israel ($1.05M).

In 2022, Spain imported $482M in Rubber, mainly from Cote d'Ivoire ($151M), Thailand ($137M), France ($38.9M), Indonesia ($32.2M), and Nigeria ($18.7M).

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