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2022
Exports $1.87BWorld Rnk 15 / 192
Flag Rnk 30 / 1214
2022
Destination $347M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $347MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Gas Turbines0.71Rnk 270 / 1025
2022
Imports $2.3BWorld Rnk 17 / 207
Flag Rnk 29 / 1214
2022
Origin $431M United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $431MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $1.87B in Gas Turbines, making it the 15th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 30th most exported product in Spain. The main destination of Gas Turbines exports from Spain are: United Kingdom ($652M), United States ($467M), Mexico ($126M), France ($124M), and Singapore ($91.1M).

The fastest growing export markets for Gas Turbines of Spain between 2021 and 2022 were United Kingdom ($347M), Mexico ($83M), and Hong Kong ($72M).

Imports In 2022, Spain imported $2.3B in Gas Turbines, becoming the 17th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 29th most imported product in Spain. Spain imports Gas Turbines primarily from: United Kingdom ($930M), United States ($361M), Germany ($211M), France ($99.2M), and Japan ($98.7M).

The fastest growing import markets in Gas Turbines for Spain between 2021 and 2022 were United Kingdom ($431M), Hong Kong ($57.6M), and United States ($38.3M).

Latest Trends

August 2024

About

Overview In August 2024 Spain's Gas Turbines exports accounted up to €185M and imports accounted up to €235M, resulting in a negative trade balance of €50.2M. Between August 2023 and August 2024 the exports of Spain's   Gas Turbines have increased by €15.5M (9.18%) from €169M to €185M, while imports increased by €73.6M (45.6%) from €161M to €235M.

Destinations In August 2024, Gas Turbines were exported mostly to United Kingdom (€68.2M), United States (€38.7M), Hong Kong (€21.3M), Turkey (€20.5M), and Mexico (€9.51M), and were imported mostly from United States (€98.5M), United Kingdom (€42.4M), Germany (€18.6M), Japan (€14.5M), and Rest of the world (€14.5M).

Growth In August 2024, the increase in Gas Turbines's year-by-year exports was explained primarily by an increase in exports to United States (€55.9M or 280%), Brazil (€15M or 6.19k%), and Mexico (€12.2M or 5.27k%). In August 2024, the increase in Gas Turbines's year-by-year imports was explained primarily by an increase in imports from United States (€66.6M or 298%), Italy (€6.97M or 389%), and Chinese Taipei (€6.6M or 3.62k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€15.5M(9.18%)
IMPORT GROWTH (August 2023 - August 2024)€73.6M(45.6%)
MAIN EXPORTER (August 2024)Madrid€261M
MAIN DESTINATION (August 2024)United Kingdom€68.2M

This section shows Gas Turbines'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 Gas Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.87B
IMPORTS (2022)$2.3B
NET TRADE (2022)-$432M

In 2022, Spain exported $1.87B in Gas Turbines. The main destinations of Spain exports on Gas Turbines were United Kingdom ($652M), United States ($467M), Mexico ($126M), France ($124M), and Singapore ($91.1M).

In 2022, Spain imported $2.3B in Gas Turbines, mainly from United Kingdom ($930M), United States ($361M), Germany ($211M), France ($99.2M), and Japan ($98.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Spain WERE (2021 - 2022):
United Kingdom$347M (114%)
Mexico$83M (191%)
Hong Kong$72M (24.4k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Spain WERE (2021 - 2022):
Chinese Taipei-$10.6M (-22.6%)
United States-$10.4M (-2.18%)
Malaysia-$10.3M (-96.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Gas Turbines were:
United States $32.5B
United Kingdom $29.2B
France $13.6B
In 2022, Spain's main importing competitors in Gas Turbines were:
United States $26.2B
United Kingdom $11.5B
China $9.91B

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $86.9M
TOP IMPORT POTENTIALFrance+ $124M

Gas Turbines’s highest export potential is United States. With an export gap of $86.9M.   Gas Turbines’s highest import potential is France with an import gap of $124M.

See methodology.

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