Motor vehicles; parts and accessories (8701 to 8705) in Spain 2020 Exports | Imports : $9.14B | $11B, World Rnk 11 / 226 Rnk 3 / 1213 | World Rnk 7 / 226 Rnk 3 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $46.1M | $255M, China | Belgium
2020 ECONOMIC COMPLEXITY of Spain: 0.76, Rnk 34 / 127
2020 PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705): 1, Rnk 174 / 1029
Exports In 2020, Spain exported $9.14B in Motor vehicles; parts and accessories (8701 to 8705), making it the 11th 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 3rd most exported product in Spain. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Spain are: France ($1.72B), Germany ($1.48B), Portugal ($960M), Morocco ($581M), and United Kingdom ($542M).
The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Spain between 2019 and 2020 were China ($46.1M), Czechia ($26.5M), and Slovakia ($15M).
Imports In 2020, Spain imported $11B 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 3rd most imported product in Spain. Spain imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Germany ($1.96B), France ($1.84B), Portugal ($1.37B), Italy ($1B), and Poland ($659M).
The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Spain between 2019 and 2020 were Belgium ($255M), United States ($139M), and Morocco ($117M).
Tariffs In 2017, the average tariff for Spain in Motor vehicles; parts and accessories (8701 to 8705) was 1.38%. The countries with the highest import tariffs for Motor vehicles; parts and accessories (8701 to 8705) were Western Sahara (Most Favoured Nation duty rate treatement, 3.81%), Gabon (Most Favoured Nation duty rate treatement, 3.81%), Libya (Most Favoured Nation duty rate treatement, 3.81%), Mayotte (Most Favoured Nation duty rate treatement, 3.81%), and Reunion (Most Favoured Nation duty rate treatement, 3.81%).
December 2022
Overview In December 2022 Spain's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to €599M and imports accounted up to €1.08B, resulting in a negative trade balance of €476M. Between December 2021 and December 2022 the exports of Spain's Motor vehicles; parts and accessories (8701 to 8705) have decreased by €-5.14M (-0.85%) from €605M to €599M, while imports increased by €136M (14.4%) from €940M to €1.08B.
Destinations In December 2022, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to France (€109M), Germany (€95.6M), Portugal (€55.4M), Morocco (€34M), and Poland (€29M), and were imported mostly from France (€342M), Germany (€237M), Italy (€72.6M), Poland (€57M), and Czechia (€56.5M).
Growth In December 2022, 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 Czechia (€-8.9M or -29.3%), United Kingdom (€-7.46M or -17.4%), and Portugal (€-6.06M or -8.35%). In December 2022, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by an increase in imports from United States (€44.9M or 243%), France (€37.2M or 7.37%), and China (€8.37M or 33.2%).
EXPORT GROWTH (December 2021 - December 2022): €-5.14M, (-0.85%)
IMPORT GROWTH (December 2021 - December 2022): €136M, (14.4%)
MAIN EXPORTER (December 2022): Barcelona, €138M
MAIN DESTINATION (December 2022): France, €109M
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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EXPORTS (2020): $9.14B
IMPORTS (2020): $11B
NET TRADE (2020): -$1.84B
In 2020, Spain exported $9.14B in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Spain exports on Motor vehicles; parts and accessories (8701 to 8705) were France ($1.72B), Germany ($1.48B), Portugal ($960M), Morocco ($581M), and United Kingdom ($542M).
In 2020, Spain imported $11B in Motor vehicles; parts and accessories (8701 to 8705), mainly from Germany ($1.96B), France ($1.84B), Portugal ($1.37B), Italy ($1B), and Poland ($659M).
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Spain WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Spain WERE (2019 - 2020):
In 2020, Spain's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2020, Spain's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
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