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2023
Exports $1.37BWorld Rnk 11 / 216
Flag Rnk 53 / 1215
2023
Destination $23.5M Germany
2022 - 2023
FASTEST GROWING MARKET $23.5MPortugal
2023
PRODUCT COMPLEXITY IN Electric Heaters0.45Rnk 380 / 1025
2023
Imports $1.62BWorld Rnk 11 / 225
Flag Rnk 52 / 1214
2023
Origin $26.3M China
2022 - 2023
FASTEST GROWING ORIGIN $26.3MPhilippines
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $1.37B in Electric Heaters, making it the 11th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 53rd most exported product in Spain. The main destination of Electric Heaters exports from Spain are: Germany ($255M), France ($194M), Portugal ($166M), Italy ($109M), and United Kingdom ($90.3M).

The fastest growing export markets for Electric Heaters of Spain between 2022 and 2023 were Portugal ($23.5M), Czechia ($8.05M), and Belgium ($5.5M).

Imports In 2023, Spain imported $1.62B in Electric Heaters, becoming the 11th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 52nd most imported product in Spain. Spain imports Electric Heaters primarily from: China ($808M), Germany ($146M), France ($120M), Italy ($112M), and Turkey ($75M).

The fastest growing import markets in Electric Heaters for Spain between 2022 and 2023 were Philippines ($26.3M), Romania ($20.2M), and Ukraine ($11.9M).

COMPANIES In 2024, leading companies such as Samsung (13), BSH Home Appliances (12), and Electrolux (10) were at the forefront of shipping Electric Heaters from Spain to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Spain's Electric Heaters exports accounted up to €86.4M and imports accounted up to €115M, resulting in a negative trade balance of €28.8M. Between December 2023 and December 2024 the exports of Spain's   Electric Heaters have increased by €174k (0.2%) from €86.2M to €86.4M, while imports increased by €9.83M (9.33%) from €105M to €115M.

Destinations In December 2024, Electric Heaters were exported mostly to Portugal (€18.3M), Germany (€17.9M), France (€8.62M), Italy (€6.76M), and United Kingdom (€5.17M), and were imported mostly from China (€60.3M), France (€7.52M), Italy (€6.97M), Germany (€6.36M), and Philippines (€6.34M).

Growth In December 2024, the increase in Electric Heaters's year-by-year exports was explained primarily by an increase in exports to Portugal (€2.22M or 16.1%), United States (€1.52M or 78.2%), and United Kingdom (€1.02M or 15.9%). In December 2024, the increase in Electric Heaters's year-by-year imports was explained primarily by an increase in imports from Malaysia (€2.08M or 160%), Germany (€1.74M or 18.8%), and Indonesia (€1.67M or 499%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€174k(0.2%)
IMPORT GROWTH (December 2023 - December 2024)€9.83M(9.33%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Portugal€18.3M

This section shows Electric Heaters'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 Electric Heaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.37B
IMPORTS (2023)$1.62B
NET TRADE (2023)-$249M

In 2023, Spain exported $1.37B in Electric Heaters. The main destinations of Spain exports on Electric Heaters were Germany ($255M), France ($194M), Portugal ($166M), Italy ($109M), and United Kingdom ($90.3M).

In 2023, Spain imported $1.62B in Electric Heaters, mainly from China ($808M), Germany ($146M), France ($120M), Italy ($112M), and Turkey ($75M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Portugal$23.5M (16.5%)
Czechia$8.05M (43.4%)
Belgium$5.5M (92.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Spain WERE (2022 - 2023):
France-$85.5M (-30.6%)
Germany-$28.1M (-9.91%)
Netherlands-$18M (-32.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Electric Heaters were:
China $29B
Germany $4.19B
Italy $2.87B
In 2023, Spain's main importing competitors in Electric Heaters were:
United States $11.5B
Germany $5.48B
United Kingdom $3.02B

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $64.2M
TOP IMPORT POTENTIALChina+ $70.4M

Electric Heaters’s highest export potential is France. With an export gap of $64.2M.   Electric Heaters’s highest import potential is China with an import gap of $70.4M.

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