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2022
Exports $1.67BWorld Rnk 20 / 223
Flag Rnk 36 / 1214
2022
Destination $139M United States
2021 - 2022
FASTEST GROWING MARKET $139MUnited States
2022
PRODUCT COMPLEXITY IN Electrical Transformers0.65Rnk 294 / 1025
2022
Imports $2.98BWorld Rnk 12 / 225
Flag Rnk 20 / 1214
2022
Origin $384M China
2021 - 2022
FASTEST GROWING ORIGIN $384MChina
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $1.67B in Electrical Transformers, making it the 20th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 36th most exported product in Spain. The main destination of Electrical Transformers exports from Spain are: United States ($575M), France ($216M), Portugal ($115M), Germany ($82.6M), and Italy ($70.1M).

The fastest growing export markets for Electrical Transformers of Spain between 2021 and 2022 were United States ($139M), Portugal ($39.2M), and United Kingdom ($27.4M).

Imports In 2022, Spain imported $2.98B in Electrical Transformers, becoming the 12th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 20th most imported product in Spain. Spain imports Electrical Transformers primarily from: China ($830M), Germany ($627M), France ($279M), Italy ($237M), and Netherlands ($170M).

The fastest growing import markets in Electrical Transformers for Spain between 2021 and 2022 were China ($384M), France ($141M), and Netherlands ($47.3M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (3), Yokohama Industries (1), and Volkswagen (1) were at the forefront of shipping Electrical Transformers from Spain to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Spain's Electrical Transformers exports accounted up to €161M and imports accounted up to €203M, resulting in a negative trade balance of €41.8M. Between June 2023 and June 2024 the exports of Spain's   Electrical Transformers have decreased by €-29.7M (-15.6%) from €191M to €161M, while imports decreased by €-56.8M (-21.9%) from €260M to €203M.

Destinations In June 2024, Electrical Transformers were exported mostly to United States (€44.9M), France (€16.5M), Australia (€16.1M), United Kingdom (€13.5M), and Germany (€11.7M), and were imported mostly from China (€73.6M), Germany (€24.8M), Italy (€19.7M), France (€9.04M), and Switzerland (€9.01M).

Growth In June 2024, the decrease in Electrical Transformers's year-by-year exports was explained primarily by a decrease in exports to Australia (€-5.89M or -95.6%), United Kingdom (€-2.93M or -51.4%), and Italy (€-2.32M or -46.4%). In June 2024, the decrease in Electrical Transformers's year-by-year imports was explained primarily by a decrease in imports from United Arab Emirates (€-1.55M or -100%), Japan (€-1.37M or -45.5%), and Netherlands (€-1.34M or -13.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-29.7M(-15.6%)
IMPORT GROWTH (June 2023 - June 2024)€-56.8M(-21.9%)
MAIN EXPORTER (June 2024)Valencia€118M
MAIN DESTINATION (June 2024)United States€44.9M

This section shows Electrical Transformers'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 Electrical Transformers over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.67B
IMPORTS (2022)$2.98B
NET TRADE (2022)-$1.3B

In 2022, Spain exported $1.67B in Electrical Transformers. The main destinations of Spain exports on Electrical Transformers were United States ($575M), France ($216M), Portugal ($115M), Germany ($82.6M), and Italy ($70.1M).

In 2022, Spain imported $2.98B in Electrical Transformers, mainly from China ($830M), Germany ($627M), France ($279M), Italy ($237M), and Netherlands ($170M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Spain WERE (2021 - 2022):
United States$139M (31.8%)
Portugal$39.2M (51.3%)
United Kingdom$27.4M (65.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Spain WERE (2021 - 2022):
Chile-$15.9M (-40%)
France-$10.4M (-4.61%)
Philippines-$7.57M (-94.1%)
Explore Visualizations

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Electrical Transformers were:
China $54.1B
Germany $12.2B
United States $6.63B
In 2022, Spain's main importing competitors in Electrical Transformers were:
United States $23.5B
Germany $12.4B
China $9.37B

Explore Visualizations

Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $86M
TOP IMPORT POTENTIALChina+ $234M

Electrical Transformers’s highest export potential is France. With an export gap of $86M.   Electrical Transformers’s highest import potential is China with an import gap of $234M.

See methodology.

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