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2022
Exports $136MWorld Rnk 14 / 178
Flag Rnk 419 / 1214
2022
Destination $11.2M Hong Kong
2021 - 2022
FASTEST GROWING MARKET $11.2MHong Kong
2022
PRODUCT COMPLEXITY IN Precious Metal Watches0.4Rnk 410 / 1025
2022
Imports $329MWorld Rnk 13 / 208
Flag Rnk 260 / 1214
2022
Origin $36.7M Switzerland
2021 - 2022
FASTEST GROWING ORIGIN $36.7MSwitzerland
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $136M in Precious Metal Watches, making it the 14th largest exporter of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 419th most exported product in Spain. The main destination of Precious Metal Watches exports from Spain are: Hong Kong ($36.3M), Portugal ($22.4M), Switzerland ($21.5M), United States ($12.3M), and Italy ($11.9M).

The fastest growing export markets for Precious Metal Watches of Spain between 2021 and 2022 were Hong Kong ($11.2M), Switzerland ($8.1M), and United States ($6.73M).

Imports In 2022, Spain imported $329M in Precious Metal Watches, becoming the 13th largest importer of Precious Metal Watches in the world. At the same year, Precious Metal Watches was the 260th most imported product in Spain. Spain imports Precious Metal Watches primarily from: Switzerland ($220M), France ($85.5M), Italy ($5.64M), Portugal ($5.31M), and Germany ($2.96M).

The fastest growing import markets in Precious Metal Watches for Spain between 2021 and 2022 were Switzerland ($36.7M), France ($28.9M), and Portugal ($2.56M).

COMPANIES In 2023, leading companies such as Cosentino (1) were at the forefront of shipping Precious Metal Watches from Spain to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Spain's Precious Metal Watches exports accounted up to €10.2M and imports accounted up to €18.3M, resulting in a negative trade balance of €8.11M. Between June 2023 and June 2024 the exports of Spain's   Precious Metal Watches have decreased by €-2.58M (-20.2%) from €12.8M to €10.2M, while imports decreased by €-2.16M (-10.6%) from €20.4M to €18.3M.

Destinations In June 2024, Precious Metal Watches were exported mostly to Hong Kong (€4.42M), Portugal (€1.94M), Andorra (€743k), United States (€611k), and Gibraltar (€508k), and were imported mostly from Switzerland (€16.9M), France (€314k), Netherlands (€285k), Italy (€247k), and Germany (€179k).

Growth In June 2024, the decrease in Precious Metal Watches's year-by-year exports was explained primarily by a decrease in exports to Netherlands (€-636k or -88%), Italy (€-473k or -60.7%), and China (€-336k or -99.5%). In June 2024, the decrease in Precious Metal Watches's year-by-year imports was explained primarily by a decrease in imports from Ireland (€-16.2k or -89.3%), Rest of the world (€-9.5k or -80.4%), and Germany (€-9.35k or -5.54%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-2.58M(-20.2%)
IMPORT GROWTH (June 2023 - June 2024)€-2.16M(-10.6%)
MAIN EXPORTER (June 2024)Madrid€7.76M
MAIN DESTINATION (June 2024)Hong Kong€4.42M

This section shows Precious Metal Watches'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 Watches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$136M
IMPORTS (2022)$329M
NET TRADE (2022)-$193M

In 2022, Spain exported $136M in Precious Metal Watches. The main destinations of Spain exports on Precious Metal Watches were Hong Kong ($36.3M), Portugal ($22.4M), Switzerland ($21.5M), United States ($12.3M), and Italy ($11.9M).

In 2022, Spain imported $329M in Precious Metal Watches, mainly from Switzerland ($220M), France ($85.5M), Italy ($5.64M), Portugal ($5.31M), and Germany ($2.96M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Precious Metal Watches EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Hong Kong$11.2M (44.8%)
Switzerland$8.1M (60.6%)
United States$6.73M (120%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Precious Metal Watches BY Spain WERE (2021 - 2022):
China-$3.56M (-67.5%)
Netherlands-$2.55M (-44.4%)
Denmark-$1.85M (-71.8%)
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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 Watches were:
Switzerland $9.41B
Singapore $895M
France $801M
In 2022, Spain's main importing competitors in Precious Metal Watches were:
Hong Kong $2.35B
United States $1.76B
Switzerland $1.5B

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Trade Value of Precious Metal Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.71M
TOP IMPORT POTENTIALItaly+ $3.78M

Precious Metal Watches’s highest export potential is United States. With an export gap of $5.71M.   Precious Metal Watches’s highest import potential is Italy with an import gap of $3.78M.

See methodology.

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