Market catalyst

Spanish June customs trade data (DataComex)

Spain / EUTradeMedium
Published
Live since 18 Aug: olive oil ≈80.7 kt exported of 120.7 kt June offtake (~67% export share, trade press); total Spanish exports a record €35.5bn (+5.3% y/y)
Expected (as recorded)
June destinations
Why it mattered

Confirms whether the offtake already reported was absorbed by export demand or by domestic rotation: the first tells you the pace can hold at higher prices.

Neutral if confirmed · the desk's reading

Customs data confirming how much oil physically left the country and where it went. Bulk flows to Italy and packed flows to the United States are the two lines that move the balance most.

DataComex publishes a reference month roughly 50 days after it closes, which puts June data in the second half of August. Until then the AICA offtake figure is the only monthly read on how fast oil is leaving the system, and it does not separate exports from domestic sales.

Date
2026-08-20 · Estimated date, inferred from the publication's usual cadence
Category
Trade
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