Interchangeable Tool Parts in Spain 2020 Exports | Imports : $422M | $354M, World Rnk 10 / 206 Rnk 167 / 1213 | World Rnk 19 / 224 Rnk 192 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $44.6M | $3.98M, Poland | South Korea
2020 ECONOMIC COMPLEXITY of Spain: 0.76, Rnk 34 / 127
2020 PRODUCT COMPLEXITY IN Interchangeable Tool Parts: 1.69, Rnk 25 / 1029
Exports In 2020, Spain exported $422M in Interchangeable Tool Parts, making it the 10th largest exporter of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 167th most exported product in Spain. The main destination of Interchangeable Tool Parts exports from Spain are: Germany ($99.1M), Poland ($61.1M), France ($34.9M), Portugal ($27.6M), and Russia ($26.1M).
The fastest growing export markets for Interchangeable Tool Parts of Spain between 2019 and 2020 were Poland ($44.6M), Russia ($12.2M), and Mexico ($7.51M).
Imports In 2020, Spain imported $354M in Interchangeable Tool Parts, becoming the 19th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 192nd most imported product in Spain. Spain imports Interchangeable Tool Parts primarily from: Germany ($102M), China ($59.4M), Italy ($41.5M), Portugal ($24.9M), and France ($17.7M).
The fastest growing import markets in Interchangeable Tool Parts for Spain between 2019 and 2020 were South Korea ($3.98M), Portugal ($1.46M), and Poland ($923k).
Tariffs In 2019, the average tariff for Spain in Interchangeable Tool Parts was 0.99%. The countries with the highest import tariffs for Interchangeable Tool Parts were Republic of the Congo (Most Favoured Nation duty rate treatement, 2.7%), Western Sahara (Most Favoured Nation duty rate treatement, 2.7%), Gabon (Most Favoured Nation duty rate treatement, 2.7%), Libya (Most Favoured Nation duty rate treatement, 2.7%), and Mayotte (Most Favoured Nation duty rate treatement, 2.7%).
December 2022
Overview In December 2022 Spain's Interchangeable Tool Parts exports accounted up to €30.1M and imports accounted up to €29.9M, resulting in a positive trade balance of €249k. Between December 2021 and December 2022 the exports of Spain's Interchangeable Tool Parts have increased by €6.18M (25.8%) from €24M to €30.1M, while imports increased by €3.1M (11.6%) from €26.8M to €29.9M.
Destinations In December 2022, Interchangeable Tool Parts were exported mostly to Germany (€5.24M), France (€4.92M), Portugal (€2.69M), Italy (€2.56M), and United States (€2.2M), and were imported mostly from Germany (€7.93M), China (€6.83M), Italy (€3.03M), France (€2.25M), and Portugal (€1.59M).
Growth In December 2022, the increase in Interchangeable Tool Parts's year-by-year exports was explained primarily by an increase in exports to Italy (€1.31M or 113%), Netherlands (€609k or 57.4%), and Portugal (€411k or 22.9%). In December 2022, the increase in Interchangeable Tool Parts's year-by-year imports was explained primarily by an increase in imports from Italy (€957k or 32.8%), United States (€667k or 181%), and Austria (€628k or 196%).
EXPORT GROWTH (December 2021 - December 2022): €6.18M, (25.8%)
IMPORT GROWTH (December 2021 - December 2022): €3.1M, (11.6%)
MAIN EXPORTER (December 2022): Barcelona, €12.5M
MAIN DESTINATION (December 2022): Germany, €5.24M
This section shows Interchangeable Tool Parts'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 Interchangeable Tool Parts over time.
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EXPORTS (2020): $422M
IMPORTS (2020): $354M
NET TRADE (2020): $68.3M
In 2020, Spain exported $422M in Interchangeable Tool Parts. The main destinations of Spain exports on Interchangeable Tool Parts were Germany ($99.1M), Poland ($61.1M), France ($34.9M), Portugal ($27.6M), and Russia ($26.1M).
In 2020, Spain imported $354M in Interchangeable Tool Parts, mainly from Germany ($102M), China ($59.4M), Italy ($41.5M), Portugal ($24.9M), and France ($17.7M).
THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Spain WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Spain WERE (2019 - 2020):
In 2020, Spain's main exporting competitors in Interchangeable Tool Parts were:
In 2020, Spain's main importing competitors in Interchangeable Tool Parts were:
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