Overview In February 2023, China exported $2.27B and imported $724M from Spain, resulting in a positive trade balance of $1.55B. Between February 2022 and February 2023 the exports of China have decreased by $-295M (-11.5%) from $2.57B to $2.27B, while imports increased by $117M (19.2%) from $607M to $724M.
Trade In February 2023, the top exports of China to Spain were Semiconductor Devices ($131M), Telephones ($128M), Petroleum Gas ($125M), Light Fixtures ($112M), and Trunks and Cases ($94M). In February 2023 the top imports of China from Spain were Copper Ore ($199M), Pig Meat ($106M), Edible Offal ($47.9M), Refined Petroleum ($41.3M), and Zinc Ore ($41M).
Origins In February 2023 the exports of China were mainly from Shanghai Province ($448M), Guangdong Province ($409M), Zhejiang Province ($295M), Jiangsu Province ($272M), and Shandong Province ($184M), while imports destinations were mainly Shanghai Province ($145M), Guangdong Province ($92.6M), Beijing ($78.6M), Jiangsu Province ($71.8M), and Zhejiang Province ($69.9M).
Growth In February 2023, the decrease in China's year-by-year exports to Spain was explained primarily by an decrease in product exports in Commodities not elsewhere specified ($-12.8M or -12.3%), Other Cloth Articles ($-11.3M or -27.1%), and Vacuum Cleaners ($-9.9M or -46%). In February 2023, the increase in China's year-by-year imports from Spain was explained primarily by an increase in product imports in Refined Petroleum ($39.9M or 2.78k%), Scrap Copper ($28.2M or 471%), and Polyacetals ($14.1M or 327%).