Ferroalloys in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $197M in Ferroalloys, making it the 42nd largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 346th most exported product in Spain. The main destination of Ferroalloys exports from Spain are: Germany ($39M), Italy ($28.7M), United States ($20.2M), Portugal ($18.8M), and Netherlands ($12.5M).

The fastest growing export markets for Ferroalloys of Spain between 2021 and 2022 were United States ($8.1M), Italy ($3.78M), and Mexico ($2.81M).

Imports In 2022, Spain imported $785M in Ferroalloys, becoming the 14th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 126th most imported product in Spain. Spain imports Ferroalloys primarily from: Kazakhstan ($89.5M), Norway ($86.8M), Brazil ($86.6M), South Africa ($57.5M), and United Kingdom ($52.4M).

The fastest growing import markets in Ferroalloys for Spain between 2021 and 2022 were Kazakhstan ($45.3M), Norway ($33.2M), and North Macedonia ($26.1M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Ferroalloys from Spain to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Spain's Ferroalloys exports accounted up to €6.12M and imports accounted up to €51.8M, resulting in a negative trade balance of €45.7M. Between January 2023 and January 2024 the exports of Spain's Ferroalloys have decreased by €-2.8M (-31.4%) from €8.91M to €6.12M, while imports decreased by €-33.2M (-39%) from €85M to €51.8M.

Destinations In January 2024, Ferroalloys were exported mostly to Portugal (€1.87M), Italy (€1.2M), France (€599k), Brazil (€423k), and Germany (€354k), and were imported mostly from Kazakhstan (€9.75M), Norway (€7.14M), Netherlands (€5.36M), Brazil (€4.93M), and France (€4.76M).

Growth In January 2024, the decrease in Ferroalloys's year-by-year exports was explained primarily by a decrease in exports to Germany (€-3.03M or -85.4%), Italy (€-2.5M or -90.7%), and France (€-1.27M or -79.5%). In January 2024, the decrease in Ferroalloys's year-by-year imports was explained primarily by a decrease in imports from Ukraine (€-2.56M or -79.7%), South Africa (€-2.31M or -22.8%), and United Kingdom (€-1.49M or -38.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-2.8M(-31.4%)

IMPORT GROWTH (January 2023 - January 2024)€-33.2M(-39%)

MAIN EXPORTER (January 2024)Cantabria (santander)€2.43M

MAIN DESTINATION (January 2024)Portugal€1.87M

This section shows Ferroalloys'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 Ferroalloys over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$197M

IMPORTS (2022)$785M

NET TRADE (2022)-$588M

In 2022, Spain exported $197M in Ferroalloys. The main destinations of Spain exports on Ferroalloys were Germany ($39M), Italy ($28.7M), United States ($20.2M), Portugal ($18.8M), and Netherlands ($12.5M).

In 2022, Spain imported $785M in Ferroalloys, mainly from Kazakhstan ($89.5M), Norway ($86.8M), Brazil ($86.6M), South Africa ($57.5M), and United Kingdom ($52.4M).

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