Machinery Having Individual Functions in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $1.07B in Machinery Having Individual Functions, making it the 22nd largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 70th most exported product in Spain. The main destination of Machinery Having Individual Functions exports from Spain are: United States ($135M), Portugal ($119M), France ($117M), Germany ($83.6M), and Italy ($61.9M).

The fastest growing export markets for Machinery Having Individual Functions of Spain between 2021 and 2022 were United States ($41.1M), Turkey ($18.7M), and Portugal ($14.5M).

Imports In 2022, Spain imported $1.54B in Machinery Having Individual Functions, becoming the 24th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 62nd most imported product in Spain. Spain imports Machinery Having Individual Functions primarily from: Germany ($472M), Italy ($243M), China ($119M), France ($86.6M), and Finland ($67.2M).

The fastest growing import markets in Machinery Having Individual Functions for Spain between 2021 and 2022 were Finland ($42.2M), France ($28.1M), and China ($21.1M).

COMPANIES In 2023, leading companies such as COSENTINO NORTH AMERICA INC. (56), BSH HOME APPLIANCES CORPORATION (13), and WOODSTREAM CORP (9) were at the forefront of shipping Machinery Having Individual Functions from Spain to the United States.

Latest Trends

January 2024

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Overview In January 2024 Spain's Machinery Having Individual Functions exports accounted up to €64.6M and imports accounted up to €83.5M, resulting in a negative trade balance of €18.9M. Between January 2023 and January 2024 the exports of Spain's Machinery Having Individual Functions have decreased by €-1.86M (-2.8%) from €66.5M to €64.6M, while imports increased by €255k (0.31%) from €83.3M to €83.5M.

Destinations In January 2024, Machinery Having Individual Functions were exported mostly to France (€6.67M), United States (€5.9M), Portugal (€4.22M), Mexico (€3.88M), and Bahrain (€3.83M), and were imported mostly from Germany (€32.9M), China (€11.3M), Italy (€10.9M), France (€6.49M), and Netherlands (€2.88M).

Growth In January 2024, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to Brazil (€-1.67M or -62.7%), Morocco (€-1.15M or -40.7%), and Egypt (€-680k or -90.5%). In January 2024, the increase in Machinery Having Individual Functions's year-by-year imports was explained primarily by an increase in imports from Germany (€6.72M or 40.3%), China (€5.98M or 74.9%), and Italy (€2.38M or 23%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-1.86M(-2.8%)

IMPORT GROWTH (January 2023 - January 2024)€255k(0.31%)

MAIN EXPORTER (January 2024)Barcelona€19.4M

MAIN DESTINATION (January 2024)France€6.67M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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