HS Icon Metal Finishing Machines in  Flag Spain

2019
Exports | Imports
: $94.4M | $55.2M, World Rnk 12 / 151
Flag Rnk 463 / 1213 | World Rnk 23 / 208
Flag Rnk 609 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $6.01M | $3.73M, China |  Italy

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

2019
PRODUCT COMPLEXITY  IN Metal Finishing Machines
: 1.68, Rnk 28 / 1029

Exports: In 2019, Spain exported $94.4M in Metal Finishing Machines, making it the 12th largest exporter of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 463rd most exported product in Spain. The main destination of Metal Finishing Machines exports from Spain are: China ($19.2M), Germany ($16.5M), United States ($14.6M), France ($10.4M), and India ($4.89M).

The fastest growing export markets for Metal Finishing Machines of Spain between 2018 and 2019 were China ($6.01M), Hungary ($3.79M), and India ($3.71M).

Imports: In 2019, Spain imported $55.2M in Metal Finishing Machines, becoming the 23rd largest importer of Metal Finishing Machines in the world. At the same year, Metal Finishing Machines was the 609th most imported product in Spain. Spain imports Metal Finishing Machines primarily from: Germany ($18.7M), Italy ($9.03M), Switzerland ($7.18M), France ($4.92M), and China ($4.1M).

The fastest growing import markets in Metal Finishing Machines for Spain between 2018 and 2019 were Italy ($3.73M), Switzerland ($3.48M), and Czechia ($865k).

Tariffs: In 2017, the average tariff for Spain in Metal Finishing Machines was 0.55%. The countries with the highest import tariffs for Metal Finishing Machines were Western Sahara (Most Favoured Nation duty rate treatement, 1.87%), Gabon (Most Favoured Nation duty rate treatement, 1.87%), Libya (Most Favoured Nation duty rate treatement, 1.87%), Mayotte (Most Favoured Nation duty rate treatement, 1.87%), and Reunion (Most Favoured Nation duty rate treatement, 1.87%).

Latest Trends (April 2021)

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Overview: In April 2021 Spain's Metal Finishing Machines exports accounted up to €6.61M and imports accounted up to €1.08M, resulting in a positive trade balance of €5.53M. Between April 2020 and April 2021 the exports of Spain's   Metal Finishing Machines have increased by €6.29M (1.95k%) from €322k to €6.61M, while imports increased by €579k (115%) from €503k to €1.08M.

Destinations: In April 2021, Metal Finishing Machines were exported mostly to China (€3.59M), Canada (€1.39M), Switzerland (€834k), Germany (€190k), and France (€175k), and were imported mostly from Germany (€385k), Taiwan (€261k), Italy (€230k), China (€57.6k), and France (€49.6k).

Growth: In April 2021, the increase in Metal Finishing Machines's year-by-year exports was explained primarily by an increase in exports to China (€3.55M or 8.25k%), Germany (€133k or 235%), and Italy (€103k or 1.37k%). In April 2021, the increase in Metal Finishing Machines's year-by-year imports was explained primarily by an increase in imports from Germany (€338k or 715%), Italy (€226k or 6k%), and Taiwan (€216k or 480%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): €6.29M, (1.95k%)

IMPORT GROWTH (April 2020 - April 2021): €579k, (115%)

MAIN EXPORTER (April 2021): Guipúzcoa, €5.13M

MAIN DESTINATION (April 2021): China, €3.59M

This section shows Metal Finishing Machines'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 Metal Finishing Machines over time.

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Historical Data

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Value

EXPORTS (2019): $94.4M

IMPORTS (2019): $55.2M

NET TRADE (2019): $39.2M

In 2019, Spain exported $94.4M in Metal Finishing Machines. The main destinations of Spain exports on Metal Finishing Machines were China ($19.2M), Germany ($16.5M), United States ($14.6M), France ($10.4M), and India ($4.89M).

In 2019, Spain imported $55.2M in Metal Finishing Machines, mainly from Germany ($18.7M), Italy ($9.03M), Switzerland ($7.18M), France ($4.92M), and China ($4.1M).

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IN 2019, Spain HAD A POSITIVE NET TRADE IN Metal Finishing Machines WITH:

IN 2019, Spain HAD A NEGATIVE NET TRADE IN Metal Finishing Machines WITH:

Flow

THE FASTEST GROWING Metal Finishing Machines EXPORT MARKETS FOR Spain WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metal Finishing Machines 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 Metal Finishing Machines were:

In 2018, Spain's main importing competitors in Metal Finishing Machines were:

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Tariffs by Country

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In 2017, the average tariff for Spain in Metal Finishing Machines was 0.55%.

The countries with the highest tariffs for Metal Finishing Machines in Spain were Western Sahara (Most Favoured Nation duty rate treatement, 1.87%), Gabon (Most Favoured Nation duty rate treatement, 1.87%), Libya (Most Favoured Nation duty rate treatement, 1.87%), Mayotte (Most Favoured Nation duty rate treatement, 1.87%), and Reunion (Most Favoured Nation duty rate treatement, 1.87%).