Motor vehicles; parts and accessories (8701 to 8705) in Spain | The Observatory of Economic Complexity

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Exports In 2023, Spain exported $13.1B in Motor vehicles; parts and accessories (8701 to 8705), making it the 12th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 4th most exported product in Spain. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Spain are: Germany ($2.9B), France ($1.97B), Portugal ($1.35B), Morocco ($697M), and Poland ($692M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Spain between 2022 and 2023 were Germany ($753M), Morocco ($214M), and Portugal ($201M).

Imports In 2023, Spain imported $15.5B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 7th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 4th most imported product in Spain. Spain imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($3.67B), France ($2.95B), Italy ($1.28B), Portugal ($1.23B), and Poland ($915M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Spain between 2022 and 2023 were Germany ($674M), Portugal ($379M), and Italy ($293M).

COMPANIES In 2023, leading companies such as John Deere (134), Ford Motor Company (76), and Nissan (18) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Spain to the United States.

Latest Trends

November 2024

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Overview In November 2024 Spain's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to €883M and imports accounted up to €1.03B, resulting in a negative trade balance of €148M. Between November 2023 and November 2024 the exports of Spain's Motor vehicles; parts and accessories (8701 to 8705) have decreased by €-75.3M (-7.85%) from €958M to €883M, while imports decreased by €-356M (-25.6%) from €1.39B to €1.03B.

Destinations In November 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to Germany (€145M), France (€116M), Portugal (€91.1M), Morocco (€58.4M), and United Kingdom (€48.2M), and were imported mostly from Germany (€255M), France (€158M), Italy (€76.1M), Portugal (€74.4M), and Poland (€65.1M).

Growth In November 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by a decrease in exports to China (€-19.9M or -59.7%), Mexico (€-6.1M or -23.1%), and Russia (€-3.27M or -71.2%). In November 2024, the decrease in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by a decrease in imports from France (€-241M or -44.5%), United States (€-8.79M or -13.9%), and China (€-6.14M or -18.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)€-75.3M(-7.85%)

IMPORT GROWTH (November 2023 - November 2024)€-356M(-25.6%)

MAIN EXPORTER (November 2024)Barcelona€212M

MAIN DESTINATION (November 2024)Germany€145M

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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