Motor vehicles; parts and accessories (8701 to 8705) in Spain 2021 Exports | Imports : $10.8B | $11.6B, World Rnk 12 / 225 Rnk 4 / 1214 | World Rnk 8 / 225 Rnk 4 / 1214
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $317M | $199M, Portugal | Germany
2021 ECONOMIC COMPLEXITY of Spain: 0.78, Rnk 35 / 131
2021 PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705): 1.01, Rnk 169 / 1029
Exports In 2021, Spain exported $10.8B 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 ($1.79B), France ($1.58B), Portugal ($1.28B), Morocco ($718M), and United Kingdom ($526M).
The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Spain between 2020 and 2021 were Portugal ($317M), Germany ($310M), and Mexico ($150M).
Imports In 2021, Spain imported $11.6B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 8th 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 ($2.16B), France ($1.78B), Portugal ($1.43B), Italy ($1.17B), and Poland ($711M).
The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Spain between 2020 and 2021 were Germany ($199M), Italy ($176M), and China ($141M).
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 treatment, 3.81%), Gabon (Most Favoured Nation duty rate treatment, 3.81%), Libya (Most Favoured Nation duty rate treatment, 3.81%), Mayotte (Most Favoured Nation duty rate treatment, 3.81%), and Reunion (Most Favoured Nation duty rate treatment, 3.81%).
March 2023
Overview In March 2023 Spain's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to €1.47B and imports accounted up to €1.32B, resulting in a positive trade balance of €143M. Between March 2022 and March 2023 the exports of Spain's Motor vehicles; parts and accessories (8701 to 8705) have increased by €666M (83%) from €802M to €1.47B, while imports increased by €71.8M (5.73%) from €1.25B to €1.32B.
Destinations In March 2023, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to France (€337M), Germany (€298M), Portugal (€117M), Italy (€111M), and Morocco (€67.4M), and were imported mostly from Germany (€310M), France (€259M), Italy (€114M), Portugal (€85.6M), and Czechia (€75.1M).
Growth In March 2023, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by an increase in exports to France (€17.9M or 16.9%), Germany (€14.8M or 11.9%), and Mexico (€10.2M or 62.9%). In March 2023, 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 (€39.6M or 7.84%), and China (€8.37M or 33.2%).
EXPORT GROWTH (March 2022 - March 2023): €666M, (83%)
IMPORT GROWTH (March 2022 - March 2023): €71.8M, (5.73%)
MAIN EXPORTER (March 2023): Barcelona, €701M
MAIN DESTINATION (March 2023): France, €337M
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 (2021): $10.8B
IMPORTS (2021): $11.6B
NET TRADE (2021): -$873M
In 2021, Spain exported $10.8B 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 Germany ($1.79B), France ($1.58B), Portugal ($1.28B), Morocco ($718M), and United Kingdom ($526M).
In 2021, Spain imported $11.6B in Motor vehicles; parts and accessories (8701 to 8705), mainly from Germany ($2.16B), France ($1.78B), Portugal ($1.43B), Italy ($1.17B), and Poland ($711M).
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Spain WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Spain WERE (2020 - 2021):
In 2021, Spain's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2021, Spain's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
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