Cars in Spain 2019 Exports | Imports : $34.5B | $21.6B, World Rnk 8 / 221 Rnk 1 / 1213 | World Rnk 9 / 225 Rnk 2 / 1214
2018 - 2019 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $330M | $537M, Germany | Hungary
2019 ECONOMIC COMPLEXITY of Spain: 0.85, Rnk 33 / 147
2019 PRODUCT COMPLEXITY IN Cars: 0.84, Rnk 237 / 1029
Exports In 2019, Spain exported $34.5B in Cars, making it the 8th largest exporter of Cars in the world. At the same year, Cars was the 1st most exported product in Spain. The main destination of Cars exports from Spain are: Germany ($8.04B), France ($6.82B), United Kingdom ($3.76B), Italy ($3.55B), and Belgium ($2.37B).
The fastest growing export markets for Cars of Spain between 2018 and 2019 were Germany ($330M), United Kingdom ($187M), and Ukraine ($71M).
Imports In 2019, Spain imported $21.6B in Cars, becoming the 9th largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Spain. Spain imports Cars primarily from: Germany ($5.16B), France ($2.84B), Czechia ($2.06B), United Kingdom ($1.74B), and Japan ($1.68B).
The fastest growing import markets in Cars for Spain between 2018 and 2019 were Hungary ($537M), Japan ($186M), and Slovakia ($178M).
Tariffs In 2017, the average tariff for Spain in Cars was 3.23%. The countries with the highest import tariffs for Cars were Western Sahara (Most Favoured Nation duty rate treatement, 9.82%), Gabon (Most Favoured Nation duty rate treatement, 9.82%), Libya (Most Favoured Nation duty rate treatement, 9.82%), Mayotte (Most Favoured Nation duty rate treatement, 9.82%), and Reunion (Most Favoured Nation duty rate treatement, 9.82%).
May 2021
Overview In May 2021 Spain's Cars exports accounted up to €2.37B and imports accounted up to €1.07B, resulting in a positive trade balance of €1.3B. Between May 2020 and May 2021 the exports of Spain's Cars have increased by €964M (68.5%) from €1.41B to €2.37B, while imports increased by €656M (157%) from €417M to €1.07B.
Destinations In May 2021, Cars were exported mostly to Germany (€519M), France (€417M), Italy (€252M), United Kingdom (€224M), and Belgium (€137M), and were imported mostly from Germany (€248M), South Korea (€110M), Japan (€106M), France (€106M), and Czechia (€83.2M).
Growth In May 2021, the increase in Cars's year-by-year exports was explained primarily by an increase in exports to Germany (€182M or 53.9%), Italy (€152M or 151%), and France (€145M or 53%). In May 2021, the increase in Cars's year-by-year imports was explained primarily by an increase in imports from Germany (€143M or 136%), France (€90.5M or 589%), and South Korea (€90.1M or 459%).
EXPORT GROWTH (May 2020 - May 2021): €964M, (68.5%)
IMPORT GROWTH (May 2020 - May 2021): €656M, (157%)
MAIN EXPORTER (May 2021): Barcelona, €656M
MAIN DESTINATION (May 2021): Germany, €519M
This section shows Cars'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 Cars over time.
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EXPORTS (2019): $34.5B
IMPORTS (2019): $21.6B
NET TRADE (2019): $12.9B
In 2019, Spain exported $34.5B in Cars. The main destinations of Spain exports on Cars were Germany ($8.04B), France ($6.82B), United Kingdom ($3.76B), Italy ($3.55B), and Belgium ($2.37B).
In 2019, Spain imported $21.6B in Cars, mainly from Germany ($5.16B), France ($2.84B), Czechia ($2.06B), United Kingdom ($1.74B), and Japan ($1.68B).
IN 2019, Spain HAD A NEGATIVE NET TRADE IN Cars WITH:
In 2019, Spain's main exporting competitors in Cars were:
In 2019, Spain's main importing competitors in Cars were:
In 2017, the average tariff for Spain in Cars was 3.23%.
The countries with the highest tariffs for Cars in Spain were Western Sahara (Most Favoured Nation duty rate treatement, 9.82%), Gabon (Most Favoured Nation duty rate treatement, 9.82%), Libya (Most Favoured Nation duty rate treatement, 9.82%), Mayotte (Most Favoured Nation duty rate treatement, 9.82%), and Reunion (Most Favoured Nation duty rate treatement, 9.82%).