2022
Exports
$334MWorld Rnk 21 / 219
Flag Rnk 250 / 1214
2022
PRODUCT COMPLEXITY IN Ball Bearings
1.2Rnk 104 / 1025
2022
Imports
$557MWorld Rnk 19 / 220
Flag Rnk 168 / 1214
2022
ECONOMIC COMPLEXITY of Spain
0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $334M in Ball Bearings, making it the 21st largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 250th most exported product in Spain. The main destination of Ball Bearings exports from Spain are: Germany ($90.5M), France ($46.8M), Portugal ($28.6M), Italy ($16.2M), and Slovakia ($16M).

The fastest growing export markets for Ball Bearings of Spain between 2021 and 2022 were Portugal ($5.48M), Turkey ($4.31M), and Brazil ($2.92M).

Imports In 2022, Spain imported $557M in Ball Bearings, becoming the 19th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 168th most imported product in Spain. Spain imports Ball Bearings primarily from: Germany ($139M), China ($87.5M), France ($77.4M), Italy ($61.7M), and Netherlands ($40.1M).

The fastest growing import markets in Ball Bearings for Spain between 2021 and 2022 were China ($7.32M), Romania ($5.53M), and United States ($3.59M).

COMPANIES In 2023, leading companies such as SKF Group (126), Vestas (23), and Team Hardinger (1) were at the forefront of shipping Ball Bearings from Spain to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-1.38M(-7.32%)
IMPORT GROWTH (August 2023 - August 2024)€106k(0.37%)
MAIN EXPORTER (August 2024)Guipúzcoa€15.2M
MAIN DESTINATION (August 2024)Germany€4.62M

This section shows Ball Bearings'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 Ball Bearings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$334M
IMPORTS (2022)$557M
NET TRADE (2022)-$223M

In 2022, Spain exported $334M in Ball Bearings. The main destinations of Spain exports on Ball Bearings were Germany ($90.5M), France ($46.8M), Portugal ($28.6M), Italy ($16.2M), and Slovakia ($16M).

In 2022, Spain imported $557M in Ball Bearings, mainly from Germany ($139M), China ($87.5M), France ($77.4M), Italy ($61.7M), and Netherlands ($40.1M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Portugal$5.48M (23.7%)
Turkey$4.31M (141%)
Brazil$2.92M (41.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Spain WERE (2021 - 2022):
Denmark-$6.15M (-45.7%)
Slovakia-$2.73M (-14.6%)
France-$2.55M (-5.17%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Ball Bearings were:
China $7.18B
Germany $5.05B
Japan $4.49B
In 2022, Spain's main importing competitors in Ball Bearings were:

Explore Visualizations

Trade Value of Ball Bearings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $22.1M
TOP IMPORT POTENTIALChina+ $34.4M

Ball Bearings’s highest export potential is France. With an export gap of $22.1M.   Ball Bearings’s highest import potential is China with an import gap of $34.4M.

See methodology.

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