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2023
Exports $25.9MWorld Rnk 13 / 158
Flag Rnk 777 / 1215
2023
Destination $6.87M Norway
2022 - 2023
FASTEST GROWING MARKET $6.87MNorway
2023
PRODUCT COMPLEXITY IN Metalworking Machines1.85Rnk 8 / 1025
2023
Imports $29.3MWorld Rnk 20 / 213
Flag Rnk 770 / 1214
2023
Origin $4.33M Italy
2022 - 2023
FASTEST GROWING ORIGIN $4.33MUnited States
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $25.9M in Metalworking Machines, making it the 13th largest exporter of Metalworking Machines in the world. At the same year, Metalworking Machines was the 777th most exported product in Spain. The main destination of Metalworking Machines exports from Spain are: Norway ($6.88M), Portugal ($4.43M), United States ($2.26M), Italy ($1.64M), and Turkey ($996k).

The fastest growing export markets for Metalworking Machines of Spain between 2022 and 2023 were Norway ($6.87M), Portugal ($3.54M), and Italy ($700k).

Imports In 2023, Spain imported $29.3M in Metalworking Machines, becoming the 20th largest importer of Metalworking Machines in the world. At the same year, Metalworking Machines was the 770th most imported product in Spain. Spain imports Metalworking Machines primarily from: Italy ($9.76M), United States ($4.8M), Germany ($3.85M), China ($2.08M), and Chinese Taipei ($1.47M).

The fastest growing import markets in Metalworking Machines for Spain between 2022 and 2023 were United States ($4.33M), Italy ($1.15M), and France ($668k).

COMPANIES In 2023, leading companies such as John Deere (12) were at the forefront of shipping Metalworking Machines from Spain to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Spain's Metalworking Machines exports accounted up to €867k and imports accounted up to €4.78M, resulting in a negative trade balance of €3.91M. Between November 2023 and November 2024 the exports of Spain's   Metalworking Machines have decreased by €-1.01M (-53.9%) from €1.88M to €867k, while imports increased by €2.77M (137%) from €2.01M to €4.78M.

Destinations In November 2024, Metalworking Machines were exported mostly to United States (€171k), Portugal (€168k), Brazil (€165k), Poland (€153k), and Morocco (€59.1k), and were imported mostly from Switzerland (€1.76M), China (€1.49M), Italy (€648k), Germany (€323k), and Chinese Taipei (€106k).

Growth In November 2024, the decrease in Metalworking Machines's year-by-year exports was explained primarily by a decrease in exports to United States (€-758k or -78.3%), Morocco (€-42.5k or -49.5%), and Germany (€-29.8k or -33.9%). In November 2024, the increase in Metalworking Machines's year-by-year imports was explained primarily by an increase in imports from Italy (€1.24M or 324%), Czechia (€36k or 171%), and France (€33.5k or 590%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-1.01M(-53.9%)
IMPORT GROWTH (November 2023 - November 2024)€2.77M(137%)
MAIN EXPORTER (November 2024)Vizcaya€5.7M
MAIN DESTINATION (November 2024)United States€171k

This section shows Metalworking 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 Metalworking Machines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$25.9M
IMPORTS (2023)$29.3M
NET TRADE (2023)-$3.44M

In 2023, Spain exported $25.9M in Metalworking Machines. The main destinations of Spain exports on Metalworking Machines were Norway ($6.88M), Portugal ($4.43M), United States ($2.26M), Italy ($1.64M), and Turkey ($996k).

In 2023, Spain imported $29.3M in Metalworking Machines, mainly from Italy ($9.76M), United States ($4.8M), Germany ($3.85M), China ($2.08M), and Chinese Taipei ($1.47M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Metalworking Machines EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Norway$6.87M (183k%)
Portugal$3.54M (395%)
Italy$700k (74.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Metalworking Machines BY Spain WERE (2022 - 2023):
Turkey-$1.41M (-58.5%)
Denmark-$1.34M (-96.3%)
China-$1.25M (-94.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Metalworking Machines were:
Germany $788M
China $409M
Switzerland $233M
In 2023, Spain's main importing competitors in Metalworking Machines were:
China $630M
United States $329M
India $139M

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Trade Value of Metalworking Machines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.24M
TOP IMPORT POTENTIALChina+ $1.71M

Metalworking Machines’s highest export potential is China. With an export gap of $1.24M.   Metalworking Machines’s highest import potential is China with an import gap of $1.71M.

See methodology.

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