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2023
Exports $69.6MWorld Rnk 20 / 199
Flag Rnk 567 / 1215
2023
Destination $6.61M France
2022 - 2023
FASTEST GROWING MARKET $6.61MFrance
2023
PRODUCT COMPLEXITY IN Motor-working Tools1.34Rnk 73 / 1025
2023
Imports $159MWorld Rnk 18 / 225
Flag Rnk 396 / 1214
2023
Origin $908k China
2022 - 2023
FASTEST GROWING ORIGIN $908kNetherlands
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $69.6M in Motor-working Tools, making it the 20th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 567th most exported product in Spain. The main destination of Motor-working Tools exports from Spain are: France ($18M), Portugal ($15.9M), Italy ($5.44M), Poland ($2.7M), and Germany ($2.06M).

The fastest growing export markets for Motor-working Tools of Spain between 2022 and 2023 were France ($6.61M), Mexico ($799k), and Dominican Republic ($594k).

Imports In 2023, Spain imported $159M in Motor-working Tools, becoming the 18th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 396th most imported product in Spain. Spain imports Motor-working Tools primarily from: China ($44.5M), Germany ($38.9M), France ($12.2M), United States ($11.3M), and Chinese Taipei ($9M).

The fastest growing import markets in Motor-working Tools for Spain between 2022 and 2023 were Netherlands ($908k), France ($689k), and Romania ($616k).

COMPANIES In 2024, leading companies such as ABB Motors and Mechanical (2) and Robert Bosch (1) were at the forefront of shipping Motor-working Tools from Spain to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Spain's Motor-working Tools exports accounted up to €16.7M and imports accounted up to €44.1M, resulting in a negative trade balance of €27.3M. Between December 2023 and December 2024 the exports of Spain's   Motor-working Tools have increased by €1.23M (7.96%) from €15.5M to €16.7M, while imports increased by €11.1M (33.8%) from €32.9M to €44.1M.

Destinations In December 2024, Motor-working Tools were exported mostly to Portugal (€5.13M), Italy (€2.87M), France (€2.73M), Germany (€1.84M), and Mexico (€881k), and were imported mostly from China (€24.7M), Germany (€6.6M), Romania (€1.58M), Hungary (€1.44M), and Italy (€1.18M).

Growth In December 2024, the increase in Motor-working Tools's year-by-year exports was explained primarily by an increase in exports to Portugal (€892k or 17.1%), Cuba (€797k or 1.83k%), and Germany (€190k or 15.1%). In December 2024, the increase in Motor-working Tools's year-by-year imports was explained primarily by an increase in imports from Romania (€1.71M or 1.02k%), Sweden (€996k or 279%), and United Kingdom (€483k or 901%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€1.23M(7.96%)
IMPORT GROWTH (December 2023 - December 2024)€11.1M(33.8%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Portugal€5.13M

This section shows Motor-working Tools'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-working Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$69.6M
IMPORTS (2023)$159M
NET TRADE (2023)-$89.4M

In 2023, Spain exported $69.6M in Motor-working Tools. The main destinations of Spain exports on Motor-working Tools were France ($18M), Portugal ($15.9M), Italy ($5.44M), Poland ($2.7M), and Germany ($2.06M).

In 2023, Spain imported $159M in Motor-working Tools, mainly from China ($44.5M), Germany ($38.9M), France ($12.2M), United States ($11.3M), and Chinese Taipei ($9M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Spain WERE (2022 - 2023):
France$6.61M (57.9%)
Mexico$799k (114%)
Dominican Republic$594k (199%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Spain WERE (2022 - 2023):
Portugal-$2.18M (-12%)
Germany-$1.3M (-38.7%)
Italy-$860k (-13.7%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Motor-working Tools were:
China $3.15B
Germany $1.17B
United States $712M
In 2023, Spain's main importing competitors in Motor-working Tools were:
United States $1.37B
Germany $482M
Mexico $458M

Explore Visualizations

Trade Value of Motor-working Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $14M
TOP IMPORT POTENTIALChina+ $29.6M

Motor-working Tools’s highest export potential is Germany. With an export gap of $14M.   Motor-working Tools’s highest import potential is China with an import gap of $29.6M.

See methodology.

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