Interchangeable Tool Parts in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $366M in Interchangeable Tool Parts, making it the 14th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 238th most exported product in Spain. The main destination of Interchangeable Tool Parts exports from Spain are: Germany ($64.7M), France ($47.7M), Portugal ($39.3M), United States ($30.9M), and Italy ($19.4M).

The fastest growing export markets for Interchangeable Tool Parts of Spain between 2021 and 2022 were Portugal ($9.22M), France ($7.43M), and Turkey ($4.72M).

Imports In 2022, Spain imported $381M in Interchangeable Tool Parts, becoming the 18th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 228th most imported product in Spain. Spain imports Interchangeable Tool Parts primarily from: Germany ($96.9M), China ($75.7M), Italy ($53.7M), Portugal ($25.8M), and France ($16.6M).

The fastest growing import markets in Interchangeable Tool Parts for Spain between 2021 and 2022 were China ($8.04M), Austria ($2.45M), and India ($2.09M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (737) and RIVIANA FOODS INC (7) were at the forefront of shipping Interchangeable Tool Parts from Spain to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Spain's Interchangeable Tool Parts exports accounted up to €27.6M and imports accounted up to €31.7M, resulting in a negative trade balance of €4.08M. Between January 2023 and January 2024 the exports of Spain's Interchangeable Tool Parts have decreased by €-8.04M (-22.6%) from €35.6M to €27.6M, while imports increased by €5.19M (19.6%) from €26.5M to €31.7M.

Destinations In January 2024, Interchangeable Tool Parts were exported mostly to Germany (€7.83M), France (€3.35M), Mexico (€2.44M), United States (€2.11M), and Portugal (€2.01M), and were imported mostly from Germany (€7.65M), France (€4.71M), Italy (€4.19M), China (€4.05M), and Poland (€1.41M).

Growth In January 2024, the decrease in Interchangeable Tool Parts's year-by-year exports was explained primarily by a decrease in exports to China (€-795k or -82.7%), Ireland (€-383k or -93.3%), and United States (€-323k or -21.3%). In January 2024, the increase in Interchangeable Tool Parts's year-by-year imports was explained primarily by an increase in imports from France (€697k or 62.9%), Japan (€470k or 317%), and Germany (€285k or 4.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-8.04M(-22.6%)

IMPORT GROWTH (January 2023 - January 2024)€5.19M(19.6%)

MAIN EXPORTER (January 2024)Vizcaya€11.2M

MAIN DESTINATION (January 2024)Germany€7.83M

This section shows Interchangeable Tool Parts'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 Interchangeable Tool Parts over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$366M

IMPORTS (2022)$381M

NET TRADE (2022)-$14.3M

In 2022, Spain exported $366M in Interchangeable Tool Parts. The main destinations of Spain exports on Interchangeable Tool Parts were Germany ($64.7M), France ($47.7M), Portugal ($39.3M), United States ($30.9M), and Italy ($19.4M).

In 2022, Spain imported $381M in Interchangeable Tool Parts, mainly from Germany ($96.9M), China ($75.7M), Italy ($53.7M), Portugal ($25.8M), and France ($16.6M).

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