Lubricating Products in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $244M in Lubricating Products, making it the 11th largest exporter of Lubricating Products in the world. At the same year, Lubricating Products was the 302nd most exported product in Spain. The main destination of Lubricating Products exports from Spain are: Germany ($31.5M), Portugal ($27.4M), France ($17.1M), Italy ($16.1M), and China ($14.9M).

The fastest growing export markets for Lubricating Products of Spain between 2021 and 2022 were South Korea ($3.68M), Italy ($2.94M), and United States ($2.62M).

Imports In 2022, Spain imported $183M in Lubricating Products, becoming the 18th largest importer of Lubricating Products in the world. At the same year, Lubricating Products was the 386th most imported product in Spain. Spain imports Lubricating Products primarily from: Germany ($56.9M), France ($44.4M), Netherlands ($18.1M), Belgium ($17.7M), and Italy ($16.5M).

The fastest growing import markets in Lubricating Products for Spain between 2021 and 2022 were Germany ($3.19M), Netherlands ($2.94M), and United States ($2.89M).

COMPANIES In 2023, leading companies such as VOLKSWAGEN GROUP OF AMERICA (41) were at the forefront of shipping Lubricating Products from Spain to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Spain's Lubricating Products exports accounted up to €18.8M and imports accounted up to €13.6M, resulting in a positive trade balance of €5.16M. Between January 2023 and January 2024 the exports of Spain's Lubricating Products have increased by €1.16M (6.59%) from €17.6M to €18.8M, while imports decreased by €-2.36M (-14.8%) from €16M to €13.6M.

Destinations In January 2024, Lubricating Products were exported mostly to Germany (€3.32M), Portugal (€2.01M), France (€1.54M), Italy (€1.24M), and China (€1.04M), and were imported mostly from Germany (€4.85M), France (€3.03M), Belgium (€1.34M), Netherlands (€1.26M), and Italy (€1.04M).

Growth In January 2024, the increase in Lubricating Products's year-by-year exports was explained primarily by an increase in exports to Germany (€684k or 38.1%), Netherlands (€429k or 103%), and France (€377k or 29.1%). In January 2024, the decrease in Lubricating Products's year-by-year imports was explained primarily by a decrease in imports from France (€-938k or -25.8%), Italy (€-372k or -29.9%), and United States (€-236k or -23.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€1.16M(6.59%)

IMPORT GROWTH (January 2023 - January 2024)€-2.36M(-14.8%)

MAIN EXPORTER (January 2024)Barcelona€12.4M

MAIN DESTINATION (January 2024)Germany€3.32M

This section shows Lubricating Products'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 Lubricating Products over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$244M

IMPORTS (2022)$183M

NET TRADE (2022)$60.9M

In 2022, Spain exported $244M in Lubricating Products. The main destinations of Spain exports on Lubricating Products were Germany ($31.5M), Portugal ($27.4M), France ($17.1M), Italy ($16.1M), and China ($14.9M).

In 2022, Spain imported $183M in Lubricating Products, mainly from Germany ($56.9M), France ($44.4M), Netherlands ($18.1M), Belgium ($17.7M), and Italy ($16.5M).

Explore Visualizations