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2022
Exports $518MWorld Rnk 15 / 177
Flag Rnk 170 / 1214
2022
Destination $124M Japan
2021 - 2022
FASTEST GROWING MARKET $124MJapan
2022
PRODUCT COMPLEXITY IN Precious Metal Scraps-0.68Rnk 752 / 1025
2022
Imports $1.31BWorld Rnk 8 / 118
Flag Rnk 77 / 1214
2022
Origin $415M United Kingdom
2021 - 2022
FASTEST GROWING ORIGIN $415MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $518M in Precious Metal Scraps, making it the 15th largest exporter of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 170th most exported product in Spain. The main destination of Precious Metal Scraps exports from Spain are: Japan ($157M), United Kingdom ($133M), Germany ($54.8M), United States ($46.6M), and Belgium ($45.2M).

The fastest growing export markets for Precious Metal Scraps of Spain between 2021 and 2022 were Japan ($124M), United Kingdom ($76.3M), and Belgium ($19.8M).

Imports In 2022, Spain imported $1.31B in Precious Metal Scraps, becoming the 8th largest importer of Precious Metal Scraps in the world. At the same year, Precious Metal Scraps was the 77th most imported product in Spain. Spain imports Precious Metal Scraps primarily from: United Kingdom ($678M), France ($568M), Netherlands ($30M), Portugal ($9.02M), and Poland ($5.42M).

The fastest growing import markets in Precious Metal Scraps for Spain between 2021 and 2022 were United Kingdom ($415M), France ($412M), and Portugal ($6.76M).

Latest Trends

October 2024

About

Overview In October 2024 Spain's Precious Metal Scraps exports accounted up to €16.2M and imports accounted up to €174M, resulting in a negative trade balance of €158M. Between October 2023 and October 2024 the exports of Spain's   Precious Metal Scraps have increased by €7.63M (88.8%) from €8.58M to €16.2M, while imports increased by €44.3M (34.2%) from €129M to €174M.

Destinations In October 2024, Precious Metal Scraps were exported mostly to Italy (€12.9M), United Kingdom (€1.68M), Germany (€671k), Japan (€410k), and France (€187k), and were imported mostly from United Kingdom (€96.6M), France (€49.9M), Germany (€26.6M), Italy (€353k), and Czechia (€213k).

Growth In October 2024, the increase in Precious Metal Scraps's year-by-year exports was explained primarily by an increase in exports to Italy (€6.17M or 13.5k%), Japan (€514k or 17.9%), and South Korea (€14.7k or 57.5%). In October 2024, the increase in Precious Metal Scraps's year-by-year imports was explained primarily by an increase in imports from United Kingdom (€36M or 245%), France (€11.6M or 17.1%), and Netherlands (€4.85M or 59.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€7.63M(88.8%)
IMPORT GROWTH (October 2023 - October 2024)€44.3M(34.2%)
MAIN EXPORTER (October 2024)Madrid€71.3M
MAIN DESTINATION (October 2024)Italy€12.9M

This section shows Precious Metal Scraps'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 Precious Metal Scraps over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$518M
IMPORTS (2022)$1.31B
NET TRADE (2022)-$790M

In 2022, Spain exported $518M in Precious Metal Scraps. The main destinations of Spain exports on Precious Metal Scraps were Japan ($157M), United Kingdom ($133M), Germany ($54.8M), United States ($46.6M), and Belgium ($45.2M).

In 2022, Spain imported $1.31B in Precious Metal Scraps, mainly from United Kingdom ($678M), France ($568M), Netherlands ($30M), Portugal ($9.02M), and Poland ($5.42M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Scraps EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Japan$124M (383%)
United Kingdom$76.3M (134%)
Belgium$19.8M (78.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Scraps BY Spain WERE (2021 - 2022):
Czechia-$48.1M (-94.9%)
Poland-$15.3M (-92.4%)
South Korea-$4.98M (-12.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Precious Metal Scraps were:
United States $5.75B
Indonesia $2.6B
United Kingdom $1.45B
In 2022, Spain's main importing competitors in Precious Metal Scraps were:
Germany $3.7B
Canada $3.02B
Japan $2.87B

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Trade Value of Precious Metal Scraps by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $30.2M
TOP IMPORT POTENTIALGermany+ $9.81M

Precious Metal Scraps’s highest export potential is Germany. With an export gap of $30.2M.   Precious Metal Scraps’s highest import potential is Germany with an import gap of $9.81M.

See methodology.

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