Sauces and Seasonings in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $516M in Sauces and Seasonings, making it the 11th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 171st most exported product in Spain. The main destination of Sauces and Seasonings exports from Spain are: France ($150M), United Kingdom ($71M), Portugal ($44.6M), Netherlands ($38.9M), and Italy ($28.3M).

The fastest growing export markets for Sauces and Seasonings of Spain between 2021 and 2022 were France ($12.3M), Portugal ($11.2M), and Netherlands ($6.77M).

Imports In 2022, Spain imported $286M in Sauces and Seasonings, becoming the 15th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 294th most imported product in Spain. Spain imports Sauces and Seasonings primarily from: Netherlands ($51.5M), Germany ($46.6M), Italy ($39.9M), France ($27.5M), and United Kingdom ($23.7M).

The fastest growing import markets in Sauces and Seasonings for Spain between 2021 and 2022 were Germany ($5.36M), Netherlands ($3.86M), and Portugal ($3.31M).

COMPANIES In 2023, leading companies such as ASOS US SALES LLC (2), COSTCO WHOLESALE COPRORATION (1), and GOYA FOODS INC (1) were at the forefront of shipping Sauces and Seasonings from Spain to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Spain's Sauces and Seasonings exports accounted up to €53.8M and imports accounted up to €24.7M, resulting in a positive trade balance of €29M. Between February 2023 and February 2024 the exports of Spain's Sauces and Seasonings have increased by €3.79M (7.58%) from €50M to €53.8M, while imports increased by €3.01M (13.8%) from €21.7M to €24.7M.

Destinations In February 2024, Sauces and Seasonings were exported mostly to France (€14.4M), United Kingdom (€7.12M), Italy (€4.14M), Portugal (€4.04M), and Germany (€3.97M), and were imported mostly from Germany (€4.84M), Netherlands (€4.62M), Italy (€3.96M), France (€1.91M), and United Kingdom (€1.51M).

Growth In February 2024, the increase in Sauces and Seasonings's year-by-year exports was explained primarily by an increase in exports to France (€3.11M or 36.5%), Italy (€2.74M or 107%), and Netherlands (€1.28M or 79.3%). In February 2024, the increase in Sauces and Seasonings's year-by-year imports was explained primarily by an increase in imports from Germany (€1.55M or 67.8%), Netherlands (€1.29M or 44.4%), and France (€1.03M or 102%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€3.79M(7.58%)

IMPORT GROWTH (February 2023 - February 2024)€3.01M(13.8%)

MAIN EXPORTER (February 2024)Vizcaya€11.9M

MAIN DESTINATION (February 2024)France€14.4M

This section shows Sauces and Seasonings'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 Sauces and Seasonings over time.

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