2023
Exports
$376MWorld Rnk 19 / 218
Flag Rnk 217 / 1215
2023
PRODUCT COMPLEXITY IN Ball Bearings
1.17Rnk 116 / 1025
2023
Imports
$565MWorld Rnk 20 / 221
Flag Rnk 159 / 1214
2023
ECONOMIC COMPLEXITY of Spain
0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $376M in Ball Bearings, making it the 19th largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 217th most exported product in Spain. The main destination of Ball Bearings exports from Spain are: Germany ($98M), France ($60.7M), Portugal ($31.6M), Slovakia ($20.1M), and Mexico ($16.8M).

The fastest growing export markets for Ball Bearings of Spain between 2022 and 2023 were Germany ($10.7M), Portugal ($6.65M), and Slovakia ($2.98M).

Imports In 2023, Spain imported $565M in Ball Bearings, becoming the 20th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 159th most imported product in Spain. Spain imports Ball Bearings primarily from: Germany ($142M), France ($81.5M), Italy ($70.7M), China ($65.6M), and Romania ($33.6M).

The fastest growing import markets in Ball Bearings for Spain between 2022 and 2023 were Germany ($12.1M), Romania ($7.91M), and Bosnia and Herzegovina ($6.33M).

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

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-3.96M(-16.6%)
IMPORT GROWTH (November 2023 - November 2024)€-2.38M(-5.88%)
MAIN EXPORTER (November 2024)Guipúzcoa€15.2M
MAIN DESTINATION (November 2024)Germany€4.83M

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 (2023)$376M
IMPORTS (2023)$565M
NET TRADE (2023)-$189M

In 2023, Spain exported $376M in Ball Bearings. The main destinations of Spain exports on Ball Bearings were Germany ($98M), France ($60.7M), Portugal ($31.6M), Slovakia ($20.1M), and Mexico ($16.8M).

In 2023, Spain imported $565M in Ball Bearings, mainly from Germany ($142M), France ($81.5M), Italy ($70.7M), China ($65.6M), and Romania ($33.6M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ball Bearings EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Germany$10.7M (12.3%)
Portugal$6.65M (26.7%)
Slovakia$2.98M (17.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ball Bearings BY Spain WERE (2022 - 2023):
France-$13.7M (-18.4%)
Denmark-$8.78M (-77.2%)
Morocco-$3.2M (-41.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Ball Bearings were:
China $6.46B
Germany $5.01B
Japan $4.28B
In 2023, 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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