2022
Exports
$759MWorld Rnk 22 / 216
Flag Rnk 116 / 1214
2022
PRODUCT COMPLEXITY IN Electric Motors
0.76Rnk 259 / 1025
2022
Imports
$1.4BWorld Rnk 14 / 226
Flag Rnk 68 / 1214
2022
ECONOMIC COMPLEXITY of Spain
0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $759M in Electric Motors, making it the 22nd largest exporter of Electric Motors in the world. At the same year, Electric Motors was the 116th most exported product in Spain. The main destination of Electric Motors exports from Spain are: Germany ($131M), United States ($72.9M), China ($45.5M), Brazil ($37.6M), and Sweden ($36.3M).

The fastest growing export markets for Electric Motors of Spain between 2021 and 2022 were Russia ($25.2M), Italy ($17.1M), and Germany ($12.2M).

Imports In 2022, Spain imported $1.4B in Electric Motors, becoming the 14th largest importer of Electric Motors in the world. At the same year, Electric Motors was the 68th most imported product in Spain. Spain imports Electric Motors primarily from: France ($318M), Germany ($315M), China ($210M), Italy ($119M), and Austria ($51.9M).

The fastest growing import markets in Electric Motors for Spain between 2021 and 2022 were France ($151M), Germany ($27.7M), and India ($9.06M).

COMPANIES In 2023, leading companies such as GE RENEWABLES NORTH AMERICA LLC (59), Vestas (2), and ABB Motors and Mechanical (1) were at the forefront of shipping Electric Motors from Spain to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-12.1M(-26.1%)
IMPORT GROWTH (August 2023 - August 2024)€13.1M(16.3%)
MAIN EXPORTER (August 2024)Guipúzcoa€16.3M
MAIN DESTINATION (August 2024)United States€8.22M

This section shows Electric Motors'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 Motors over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$759M
IMPORTS (2022)$1.4B
NET TRADE (2022)-$641M

In 2022, Spain exported $759M in Electric Motors. The main destinations of Spain exports on Electric Motors were Germany ($131M), United States ($72.9M), China ($45.5M), Brazil ($37.6M), and Sweden ($36.3M).

In 2022, Spain imported $1.4B in Electric Motors, mainly from France ($318M), Germany ($315M), China ($210M), Italy ($119M), and Austria ($51.9M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motors EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Russia$25.2M (467%)
Italy$17.1M (112%)
Germany$12.2M (10.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motors BY Spain WERE (2021 - 2022):
El Salvador-$27.1M (-97.1%)
France-$9.03M (-20.8%)
Hungary-$8.88M (-26%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Electric Motors were:
China $18.4B
Germany $8.51B
Mexico $4.62B
In 2022, Spain's main importing competitors in Electric Motors were:

Explore Visualizations

Trade Value of Electric Motors by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $49.7M
TOP IMPORT POTENTIALChina+ $98.5M

Electric Motors’s highest export potential is United States. With an export gap of $49.7M.   Electric Motors’s highest import potential is China with an import gap of $98.5M.

See methodology.

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