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2022
Exports $300MWorld Rnk 4 / 156
Flag Rnk 263 / 1214
2022
Destination $23.1M Germany
2021 - 2022
FASTEST GROWING MARKET $23.1MItaly
2022
PRODUCT COMPLEXITY IN Drilling Machines1.13Rnk 123 / 1025
2022
Imports $41.2MWorld Rnk 20 / 210
Flag Rnk 715 / 1214
2022
Origin $2.79M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.79MNetherlands
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $300M in Drilling Machines, making it the 4th largest exporter of Drilling Machines in the world. At the same year, Drilling Machines was the 263rd most exported product in Spain. The main destination of Drilling Machines exports from Spain are: Germany ($67.4M), Italy ($60.2M), China ($36.4M), France ($19.4M), and United States ($18.2M).

The fastest growing export markets for Drilling Machines of Spain between 2021 and 2022 were Italy ($23.1M), France ($8.88M), and Sweden ($8.12M).

Imports In 2022, Spain imported $41.2M in Drilling Machines, becoming the 20th largest importer of Drilling Machines in the world. At the same year, Drilling Machines was the 715th most imported product in Spain. Spain imports Drilling Machines primarily from: Germany ($11.4M), China ($6.26M), Italy ($5.51M), Chinese Taipei ($3.91M), and Netherlands ($3.67M).

The fastest growing import markets in Drilling Machines for Spain between 2021 and 2022 were Netherlands ($2.79M), France ($1.97M), and Germany ($1.89M).

COMPANIES In 2023, leading companies such as ZF Friedrichshafen (48) and John Deere (15) were at the forefront of shipping Drilling Machines from Spain to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Spain's Drilling Machines exports accounted up to €7.67M and imports accounted up to €3.74M, resulting in a positive trade balance of €3.94M. Between August 2023 and August 2024 the exports of Spain's   Drilling Machines have decreased by €-1.18M (-13.4%) from €8.86M to €7.67M, while imports increased by €2.74M (277%) from €991k to €3.74M.

Destinations In August 2024, Drilling Machines were exported mostly to China (€2.38M), Germany (€1.24M), Bosnia and Herzegovina (€783k), Mexico (€748k), and Croatia (€533k), and were imported mostly from Austria (€2.68M), Italy (€366k), China (€292k), Germany (€274k), and France (€36.8k).

Growth In August 2024, the decrease in Drilling Machines's year-by-year exports was explained primarily by a decrease in exports to Italy (€-3.11M or -95.6%), Romania (€-579k or -99.2%), and United Kingdom (€-509k or -49.8%). In August 2024, the increase in Drilling Machines's year-by-year imports was explained primarily by an increase in imports from Italy (€94.8k or 149%), South Korea (€4.93k or 55.4%), and Thailand (€2.84k or 63.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-1.18M(-13.4%)
IMPORT GROWTH (August 2023 - August 2024)€2.74M(277%)
MAIN EXPORTER (August 2024)Guipúzcoa€14.6M
MAIN DESTINATION (August 2024)China€2.38M

This section shows Drilling Machines'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 Drilling Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$300M
IMPORTS (2022)$41.2M
NET TRADE (2022)$259M

In 2022, Spain exported $300M in Drilling Machines. The main destinations of Spain exports on Drilling Machines were Germany ($67.4M), Italy ($60.2M), China ($36.4M), France ($19.4M), and United States ($18.2M).

In 2022, Spain imported $41.2M in Drilling Machines, mainly from Germany ($11.4M), China ($6.26M), Italy ($5.51M), Chinese Taipei ($3.91M), and Netherlands ($3.67M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Drilling Machines EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Italy$23.1M (62.1%)
France$8.88M (84.6%)
Sweden$8.12M (249%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Drilling Machines BY Spain WERE (2021 - 2022):
India-$28.1M (-88.6%)
Germany-$18.1M (-21.1%)
Saudi Arabia-$6.83M (-78.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Drilling Machines were:
Germany $530M
China $481M
Italy $319M
In 2022, Spain's main importing competitors in Drilling Machines were:
China $323M
United States $317M
Germany $221M

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Trade Value of Drilling Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $4.47M
TOP IMPORT POTENTIALChina+ $2.03M

Drilling Machines’s highest export potential is France. With an export gap of $4.47M.   Drilling Machines’s highest import potential is China with an import gap of $2.03M.

See methodology.

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