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2023
Exports $980kWorld Rnk 22 / 131
Flag Rnk 1129 / 1215
2023
Destination $54.7k Portugal
2022 - 2023
FASTEST GROWING MARKET $54.7kUnited States
2023
Imports $6.6MWorld Rnk 17 / 193
Flag Rnk 1030 / 1214
2023
Origin $117k Switzerland
2022 - 2023
FASTEST GROWING ORIGIN $117kUnited States
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $980k in Balances, making it the 22nd largest exporter of Balances in the world. At the same year, Balances was the 1129th most exported product in Spain. The main destination of Balances exports from Spain are: Portugal ($244k), France ($244k), Dominican Republic ($58.9k), United States ($58.9k), and Cuba ($48.6k).

The fastest growing export markets for Balances of Spain between 2022 and 2023 were United States ($54.7k), Cuba ($42.8k), and Dominican Republic ($39.3k).

Imports In 2023, Spain imported $6.6M in Balances, becoming the 17th largest importer of Balances in the world. At the same year, Balances was the 1030th most imported product in Spain. Spain imports Balances primarily from: Switzerland ($2.84M), Germany ($1.66M), China ($1.49M), United States ($144k), and Netherlands ($123k).

The fastest growing import markets in Balances for Spain between 2022 and 2023 were United States ($117k), Germany ($52.1k), and Poland ($19.4k).

Latest Trends

November 2024

About

Overview In November 2024 Spain's Balances exports accounted up to €38.8k and imports accounted up to €949k, resulting in a negative trade balance of €910k. Between November 2023 and November 2024 the exports of Spain's   Balances have decreased by €-3.23k (-7.68%) from €42.1k to €38.8k, while imports increased by €115k (13.8%) from €834k to €949k.

Destinations In November 2024, Balances were exported mostly to France (€11.5k), Portugal (€6.72k), Italy (€4.35k), Germany (€3.72k), and Peru (€2.14k), and were imported mostly from Switzerland (€474k), China (€206k), Germany (€128k), Poland (€65.4k), and Rest of the world (€24.6k).

Growth In November 2024, the decrease in Balances's year-by-year exports was explained primarily by a decrease in exports to Germany (€-2.85k or -57%), Italy (€-359 or -21.3%), and Austria (€-67 or -25.8%). In November 2024, the increase in Balances's year-by-year imports was explained primarily by an increase in imports from Switzerland (€23k or 18.2%), Netherlands (€6.33k or 339%), and France (€1.35k or 135%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-3.23k(-7.68%)
IMPORT GROWTH (November 2023 - November 2024)€115k(13.8%)
MAIN EXPORTER (November 2024)Castellón€410k
MAIN DESTINATION (November 2024)France€11.5k

This section shows Balances'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 Balances over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$980k
IMPORTS (2023)$6.6M
NET TRADE (2023)-$5.62M

In 2023, Spain exported $980k in Balances. The main destinations of Spain exports on Balances were Portugal ($244k), France ($244k), Dominican Republic ($58.9k), United States ($58.9k), and Cuba ($48.6k).

In 2023, Spain imported $6.6M in Balances, mainly from Switzerland ($2.84M), Germany ($1.66M), China ($1.49M), United States ($144k), and Netherlands ($123k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Balances EXPORT MARKETS FOR Spain WERE (2022 - 2023):
United States$54.7k (1.29k%)
Cuba$42.8k (736%)
Dominican Republic$39.3k (201%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Balances BY Spain WERE (2022 - 2023):
Benin-$72.2k (-97.9%)
Saudi Arabia-$69.5k (-96.2%)
France-$46.3k (-15.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Balances were:
Germany $106M
China $93.1M
Netherlands $86.8M
In 2023, Spain's main importing competitors in Balances were:
United States $88M
China $41.6M
Germany $33M

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Trade Value of Balances by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $56.5k
TOP IMPORT POTENTIALChina+ $284k

Balances’s highest export potential is France. With an export gap of $56.5k.   Balances’s highest import potential is China with an import gap of $284k.

See methodology.

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