HS Icon Interchangeable Tool Parts in  Flag Spain

2019
Exports | Imports
: $475M | $445M, World Rnk 10 / 207
Flag Rnk 154 / 1213 | World Rnk 15 / 221
Flag Rnk 173 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $9.96M | $7.23M, Russia |  Turkey

2019
ECONOMIC COMPLEXITY of Spain
: 0.85, Rnk 33 / 147

2019
PRODUCT COMPLEXITY  IN Interchangeable Tool Parts
: 1.78, Rnk 21 / 1029

Exports: In 2019, Spain exported $475M 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 154th most exported product in Spain. The main destination of Interchangeable Tool Parts exports from Spain are: Germany ($123M), France ($35.8M), Portugal ($30M), United States ($28.7M), and China ($23.3M).

The fastest growing export markets for Interchangeable Tool Parts of Spain between 2018 and 2019 were Russia ($9.96M), Poland ($7.22M), and Italy ($5.65M).

Imports: In 2019, Spain imported $445M in Interchangeable Tool Parts, becoming the 15th largest importer of Interchangeable Tool Parts in the world. At the same year, Interchangeable Tool Parts was the 173rd most imported product in Spain. Spain imports Interchangeable Tool Parts primarily from: Germany ($142M), China ($69.9M), Italy ($52M), France ($23.7M), and Portugal ($23.1M).

The fastest growing import markets in Interchangeable Tool Parts for Spain between 2018 and 2019 were Turkey ($7.23M), Sweden ($2.12M), and United Kingdom ($1.18M).

Tariffs: In 2017, the average tariff for Spain in Interchangeable Tool Parts was 0.8%. The countries with the highest import tariffs for Interchangeable Tool Parts were 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%), Mayotte (Most Favoured Nation duty rate treatement, 2.7%), and Reunion (Most Favoured Nation duty rate treatement, 2.7%).

Latest Trends (April 2021)

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Overview: In April 2021 Spain's Interchangeable Tool Parts exports accounted up to €26.8M and imports accounted up to €25M, resulting in a positive trade balance of €1.82M. Between April 2020 and April 2021 the exports of Spain's   Interchangeable Tool Parts have increased by €1.32M (5.18%) from €25.5M to €26.8M, while imports increased by €9.28M (59%) from €15.7M to €25M.

Destinations: In April 2021, Interchangeable Tool Parts were exported mostly to Germany (€7.19M), France (€2.93M), Italy (€2.54M), United States (€2.46M), and Portugal (€2.25M), and were imported mostly from Germany (€6.51M), China (€4.65M), Italy (€4.17M), France (€1.7M), and Belgium (€951k).

Growth: In April 2021, the increase in Interchangeable Tool Parts's year-by-year exports was explained primarily by an increase in exports to Germany (€2.17M or 43.4%), United States (€1.73M or 234%), and France (€1.59M or 119%). In April 2021, the increase in Interchangeable Tool Parts's year-by-year imports was explained primarily by an increase in imports from Italy (€2.74M or 192%), Germany (€1.85M or 39.7%), and France (€1.25M or 280%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): €1.32M, (5.18%)

IMPORT GROWTH (April 2020 - April 2021): €9.28M, (59%)

MAIN EXPORTER (April 2021): Vizcaya, €12.2M

MAIN DESTINATION (April 2021): Germany, €7.19M

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.

For full datasets download visit Bulk Download page.

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Historical Data

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Value

EXPORTS (2019): $475M

IMPORTS (2019): $445M

NET TRADE (2019): $29.6M

In 2019, Spain exported $475M in Interchangeable Tool Parts. The main destinations of Spain exports on Interchangeable Tool Parts were Germany ($123M), France ($35.8M), Portugal ($30M), United States ($28.7M), and China ($23.3M).

In 2019, Spain imported $445M in Interchangeable Tool Parts, mainly from Germany ($142M), China ($69.9M), Italy ($52M), France ($23.7M), and Portugal ($23.1M).

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IN 2019, Spain HAD A POSITIVE NET TRADE IN Interchangeable Tool Parts WITH:

IN 2019, Spain HAD A NEGATIVE NET TRADE IN Interchangeable Tool Parts WITH:

Flow

THE FASTEST GROWING Interchangeable Tool Parts EXPORT MARKETS FOR Spain WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Interchangeable Tool Parts BY Spain WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, Spain's main exporting competitors in Interchangeable Tool Parts were:

In 2018, Spain's main importing competitors in Interchangeable Tool Parts were:

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Tariffs by Country

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In 2017, the average tariff for Spain in Interchangeable Tool Parts was 0.8%.

The countries with the highest tariffs for Interchangeable Tool Parts in Spain were 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%), Mayotte (Most Favoured Nation duty rate treatement, 2.7%), and Reunion (Most Favoured Nation duty rate treatement, 2.7%).