Navigation Equipment in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $252M in Navigation Equipment, making it the 22nd largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 297th most exported product in Spain. The main destination of Navigation Equipment exports from Spain are: South Korea ($31.2M), Germany ($23.7M), Ecuador ($20.5M), Vietnam ($18.3M), and Azerbaijan ($16.7M).

The fastest growing export markets for Navigation Equipment of Spain between 2021 and 2022 were South Korea ($21.1M), Vietnam ($18.3M), and Pakistan ($8.37M).

Imports In 2022, Spain imported $429M in Navigation Equipment, becoming the 13th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 208th most imported product in Spain. Spain imports Navigation Equipment primarily from: Germany ($81.9M), Poland ($66.5M), United Kingdom ($47M), France ($32.6M), and Hungary ($28.1M).

The fastest growing import markets in Navigation Equipment for Spain between 2021 and 2022 were Chinese Taipei ($18M), United Kingdom ($10.8M), and Poland ($9.98M).

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

Latest Trends

January 2024

About

Overview In January 2024 Spain's Navigation Equipment exports accounted up to €18.3M and imports accounted up to €32.2M, resulting in a negative trade balance of €13.9M. Between January 2023 and January 2024 the exports of Spain's Navigation Equipment have decreased by €-13M (-41.6%) from €31.3M to €18.3M, while imports decreased by €-975k (-2.94%) from €33.2M to €32.2M.

Destinations In January 2024, Navigation Equipment were exported mostly to South Korea (€7.43M), United Kingdom (€2.44M), France (€1.48M), United States (€1.41M), and Germany (€757k), and were imported mostly from Germany (€12M), France (€4.19M), Taiwan (€3.08M), United States (€2.18M), and China (€1.31M).

Growth In January 2024, the decrease in Navigation Equipment's year-by-year exports was explained primarily by a decrease in exports to Sweden (€-711k or -98.1%), Brazil (€-398k or -85%), and United States (€-211k or -29.9%). In January 2024, the decrease in Navigation Equipment's year-by-year imports was explained primarily by a decrease in imports from Israel (€-7.12M or -100%), United States (€-1.39M or -48.1%), and United Kingdom (€-1.37M or -44.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-13M(-41.6%)

IMPORT GROWTH (January 2023 - January 2024)€-975k(-2.94%)

MAIN EXPORTER (January 2024)Madrid€8.78M

MAIN DESTINATION (January 2024)South Korea€7.43M

This section shows Navigation Equipment'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 Navigation Equipment over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$252M

IMPORTS (2022)$429M

NET TRADE (2022)-$176M

In 2022, Spain exported $252M in Navigation Equipment. The main destinations of Spain exports on Navigation Equipment were South Korea ($31.2M), Germany ($23.7M), Ecuador ($20.5M), Vietnam ($18.3M), and Azerbaijan ($16.7M).

In 2022, Spain imported $429M in Navigation Equipment, mainly from Germany ($81.9M), Poland ($66.5M), United Kingdom ($47M), France ($32.6M), and Hungary ($28.1M).

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