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2022
Exports $196MWorld Rnk 5 / 158
Flag Rnk 348 / 1214
2022
Destination $18.3M Iran
2021 - 2022
FASTEST GROWING MARKET $18.3MIran
2022
PRODUCT COMPLEXITY IN Industrial Furnaces0.84Rnk 229 / 1025
2022
Imports $96.2MWorld Rnk 17 / 213
Flag Rnk 532 / 1214
2022
Origin $18.6M Italy
2021 - 2022
FASTEST GROWING ORIGIN $18.6MItaly
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $196M in Industrial Furnaces, making it the 5th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 348th most exported product in Spain. The main destination of Industrial Furnaces exports from Spain are: Iran ($41.1M), Mexico ($17.8M), Russia ($15.5M), United States ($14.7M), and France ($11.8M).

The fastest growing export markets for Industrial Furnaces of Spain between 2021 and 2022 were Iran ($18.3M), Russia ($9.78M), and France ($7.44M).

Imports In 2022, Spain imported $96.2M in Industrial Furnaces, becoming the 17th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 532nd most imported product in Spain. Spain imports Industrial Furnaces primarily from: Italy ($56.5M), Germany ($11.9M), Netherlands ($3.43M), Finland ($3.29M), and United States ($3.13M).

The fastest growing import markets in Industrial Furnaces for Spain between 2021 and 2022 were Italy ($18.6M), Finland ($3.22M), and Netherlands ($2.89M).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Industrial Furnaces exports accounted up to €6.39M and imports accounted up to €4.95M, resulting in a positive trade balance of €1.44M. Between June 2023 and June 2024 the exports of Spain's   Industrial Furnaces have decreased by €-8.68M (-57.6%) from €15.1M to €6.39M, while imports increased by €1.23M (33.2%) from €3.71M to €4.95M.

Destinations In June 2024, Industrial Furnaces were exported mostly to Saudi Arabia (€724k), Mexico (€712k), United States (€670k), France (€655k), and Egypt (€382k), and were imported mostly from Germany (€2.34M), Italy (€1.08M), Latvia (€585k), France (€331k), and Turkey (€187k).

Growth In June 2024, the decrease in Industrial Furnaces's year-by-year exports was explained primarily by a decrease in exports to Mexico (€-778k or -71.9%), Hong Kong (€-276k or -97.4%), and Lithuania (€-130k or -99.2%). In June 2024, the increase in Industrial Furnaces's year-by-year imports was explained primarily by an increase in imports from Germany (€171k or 23.2%), Turkey (€162k or 21.3k%), and France (€144k or 116%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-8.68M(-57.6%)
IMPORT GROWTH (June 2023 - June 2024)€1.23M(33.2%)
MAIN EXPORTER (June 2024)Navarra€19.6M
MAIN DESTINATION (June 2024)Saudi Arabia€724k

This section shows Industrial Furnaces'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 Industrial Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$196M
IMPORTS (2022)$96.2M
NET TRADE (2022)$99.7M

In 2022, Spain exported $196M in Industrial Furnaces. The main destinations of Spain exports on Industrial Furnaces were Iran ($41.1M), Mexico ($17.8M), Russia ($15.5M), United States ($14.7M), and France ($11.8M).

In 2022, Spain imported $96.2M in Industrial Furnaces, mainly from Italy ($56.5M), Germany ($11.9M), Netherlands ($3.43M), Finland ($3.29M), and United States ($3.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Iran$18.3M (80%)
Russia$9.78M (172%)
France$7.44M (170%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Spain WERE (2021 - 2022):
Mexico-$11M (-38.3%)
United States-$9.91M (-40.2%)
Malaysia-$5.04M (-92.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
Germany $576M
In 2022, Spain's main importing competitors in Industrial Furnaces were:
Indonesia $474M
United States $382M
India $229M

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $4.08M
TOP IMPORT POTENTIALChina+ $3.62M

Industrial Furnaces’s highest export potential is France. With an export gap of $4.08M.   Industrial Furnaces’s highest import potential is China with an import gap of $3.62M.

See methodology.

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