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2022
Exports $143MWorld Rnk 6 / 142
Flag Rnk 410 / 1214
2022
Destination $6.15M Morocco
2021 - 2022
FASTEST GROWING MARKET $6.15MMorocco
2022
PRODUCT COMPLEXITY IN Synthetic Fabrics-0.0088Rnk 549 / 1025
2022
Imports $43.9MWorld Rnk 18 / 208
Flag Rnk 708 / 1214
2022
Origin $3.4M China
2021 - 2022
FASTEST GROWING ORIGIN $3.4MMorocco
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $143M in Synthetic Fabrics, making it the 6th largest exporter of Synthetic Fabrics in the world. At the same year, Synthetic Fabrics was the 410th most exported product in Spain. The main destination of Synthetic Fabrics exports from Spain are: Morocco ($15.7M), United States ($12.3M), Germany ($10.8M), China ($9.99M), and France ($9.5M).

The fastest growing export markets for Synthetic Fabrics of Spain between 2021 and 2022 were Morocco ($6.15M), United States ($2.86M), and Hungary ($937k).

Imports In 2022, Spain imported $43.9M in Synthetic Fabrics, becoming the 18th largest importer of Synthetic Fabrics in the world. At the same year, Synthetic Fabrics was the 708th most imported product in Spain. Spain imports Synthetic Fabrics primarily from: China ($14.5M), Morocco ($6.42M), France ($6.32M), Germany ($5.11M), and Turkey ($2.78M).

The fastest growing import markets in Synthetic Fabrics for Spain between 2021 and 2022 were Morocco ($3.4M), France ($1.13M), and Turkey ($919k).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Synthetic Fabrics exports accounted up to €12.2M and imports accounted up to €1.88M, resulting in a positive trade balance of €10.3M. Between June 2023 and June 2024 the exports of Spain's   Synthetic Fabrics have decreased by €-242k (-1.95%) from €12.4M to €12.2M, while imports decreased by €-1.04M (-35.5%) from €2.92M to €1.88M.

Destinations In June 2024, Synthetic Fabrics were exported mostly to China (€1.06M), Morocco (€1.03M), Turkey (€972k), France (€884k), and United States (€757k), and were imported mostly from China (€933k), Germany (€224k), France (€202k), Italy (€151k), and Turkey (€86k).

Growth In June 2024, the decrease in Synthetic Fabrics's year-by-year exports was explained primarily by a decrease in exports to United States (€-339k or -34.7%), China (€-267k or -57.2%), and Argentina (€-161k or -92.8%). In June 2024, the decrease in Synthetic Fabrics's year-by-year imports was explained primarily by a decrease in imports from China (€-374k or -31.9%), France (€-216k or -45.7%), and South Korea (€-50k or -51.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-242k(-1.95%)
IMPORT GROWTH (June 2023 - June 2024)€-1.04M(-35.5%)
MAIN EXPORTER (June 2024)Barcelona€7.93M
MAIN DESTINATION (June 2024)China€1.06M

This section shows Synthetic Fabrics'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 Synthetic Fabrics over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$143M
IMPORTS (2022)$43.9M
NET TRADE (2022)$98.9M

In 2022, Spain exported $143M in Synthetic Fabrics. The main destinations of Spain exports on Synthetic Fabrics were Morocco ($15.7M), United States ($12.3M), Germany ($10.8M), China ($9.99M), and France ($9.5M).

In 2022, Spain imported $43.9M in Synthetic Fabrics, mainly from China ($14.5M), Morocco ($6.42M), France ($6.32M), Germany ($5.11M), and Turkey ($2.78M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Synthetic Fabrics EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Morocco$6.15M (64.5%)
United States$2.86M (30.3%)
Hungary$937k (280%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Synthetic Fabrics BY Spain WERE (2021 - 2022):
France-$4.74M (-33.3%)
Poland-$3.55M (-47.5%)
Germany-$3.22M (-23%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Synthetic Fabrics were:
China $1.42B
United States $264M
Germany $165M
In 2022, Spain's main importing competitors in Synthetic Fabrics were:
Vietnam $384M
Morocco $237M
Mexico $179M

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Trade Value of Synthetic Fabrics by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.6M
TOP IMPORT POTENTIALChina+ $3.29M

Synthetic Fabrics’s highest export potential is China. With an export gap of $2.6M.   Synthetic Fabrics’s highest import potential is China with an import gap of $3.29M.

See methodology.

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