Essential Oils in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $162M in Essential Oils, making it the 12th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 380th most exported product in Spain. The main destination of Essential Oils exports from Spain are: France ($30.5M), United States ($22.2M), Italy ($15.4M), Netherlands ($10.7M), and Germany ($10M).

The fastest growing export markets for Essential Oils of Spain between 2021 and 2022 were Italy ($1.39M), Portugal ($1.14M), and Ireland ($757k).

Imports In 2022, Spain imported $163M in Essential Oils, becoming the 10th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 418th most imported product in Spain. Spain imports Essential Oils primarily from: China ($29.4M), France ($22.7M), Indonesia ($18.8M), Brazil ($16.6M), and India ($16.6M).

The fastest growing import markets in Essential Oils for Spain between 2021 and 2022 were Brazil ($6.22M), China ($5.18M), and Tunisia ($838k).

COMPANIES In 2023, leading companies such as RIVIANA FOODS INC (2) were at the forefront of shipping Essential Oils from Spain to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Spain's Essential Oils exports accounted up to €14.1M and imports accounted up to €14.9M, resulting in a negative trade balance of €764k. Between February 2023 and February 2024 the exports of Spain's Essential Oils have increased by €1.26M (9.83%) from €12.9M to €14.1M, while imports increased by €1.25M (9.14%) from €13.6M to €14.9M.

Destinations In February 2024, Essential Oils were exported mostly to France (€2.87M), Turkey (€1.26M), Switzerland (€1.06M), Germany (€947k), and Netherlands (€888k), and were imported mostly from China (€2.58M), France (€2.3M), Indonesia (€1.57M), Haiti (€1.54M), and India (€1.36M).

Growth In February 2024, the increase in Essential Oils's year-by-year exports was explained primarily by an increase in exports to United States (€728k or 91.9%), Ireland (€437k or 450%), and Turkey (€297k or 76%). In February 2024, the increase in Essential Oils's year-by-year imports was explained primarily by an increase in imports from France (€546k or 35.2%), Germany (€428k or 311%), and Turkey (€168k or 237%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€1.26M(9.83%)

IMPORT GROWTH (February 2023 - February 2024)€1.25M(9.14%)

MAIN EXPORTER (February 2024)Barcelona€8.86M

MAIN DESTINATION (February 2024)France€2.87M

This section shows Essential 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 Essential Oils over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$162M

IMPORTS (2022)$163M

NET TRADE (2022)-$1.68M

In 2022, Spain exported $162M in Essential Oils. The main destinations of Spain exports on Essential Oils were France ($30.5M), United States ($22.2M), Italy ($15.4M), Netherlands ($10.7M), and Germany ($10M).

In 2022, Spain imported $163M in Essential Oils, mainly from China ($29.4M), France ($22.7M), Indonesia ($18.8M), Brazil ($16.6M), and India ($16.6M).

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