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2022
Exports $472MWorld Rnk 17 / 214
Flag Rnk 190 / 1214
2022
Destination $35.8M France
2021 - 2022
FASTEST GROWING MARKET $35.8MBelgium
2022
PRODUCT COMPLEXITY IN Thermostats1.04Rnk 157 / 1025
2022
Imports $714MWorld Rnk 15 / 223
Flag Rnk 138 / 1214
2022
Origin $10.6M France
2021 - 2022
FASTEST GROWING ORIGIN $10.6MChina
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $472M in Thermostats, making it the 17th largest exporter of Thermostats in the world. At the same year, Thermostats was the 190th most exported product in Spain. The main destination of Thermostats exports from Spain are: France ($119M), Belgium ($77.4M), United States ($38.8M), China ($25.5M), and Mexico ($24.8M).

The fastest growing export markets for Thermostats of Spain between 2021 and 2022 were Belgium ($35.8M), France ($14.4M), and Czechia ($10.3M).

Imports In 2022, Spain imported $714M in Thermostats, becoming the 15th largest importer of Thermostats in the world. At the same year, Thermostats was the 138th most imported product in Spain. Spain imports Thermostats primarily from: France ($213M), Germany ($196M), China ($58.5M), Italy ($50.6M), and United Kingdom ($42.9M).

The fastest growing import markets in Thermostats for Spain between 2021 and 2022 were China ($10.6M), Israel ($3.35M), and Italy ($2.72M).

Latest Trends

September 2024

About

Overview In September 2024 Spain's Thermostats exports accounted up to €46.4M and imports accounted up to €67M, resulting in a negative trade balance of €20.6M. Between September 2023 and September 2024 the exports of Spain's   Thermostats have increased by €7.57M (19.5%) from €38.8M to €46.4M, while imports decreased by €-8.15M (-10.8%) from €75.2M to €67M.

Destinations In September 2024, Thermostats were exported mostly to France (€10.1M), Turkey (€6.72M), Belgium (€3.92M), Sweden (€3.33M), and United Kingdom (€2.83M), and were imported mostly from Germany (€12.3M), United Kingdom (€12.2M), Portugal (€11.4M), France (€8.94M), and China (€5.54M).

Growth In September 2024, the increase in Thermostats's year-by-year exports was explained primarily by an increase in exports to France (€2.59M or 27%), Ecuador (€650k or 2.48k%), and Czechia (€440k or 31%). In September 2024, the decrease in Thermostats's year-by-year imports was explained primarily by a decrease in imports from Tunisia (€-1.27M or -94.1%), Hungary (€-1.17M or -40.5%), and Portugal (€-622k or -35.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€7.57M(19.5%)
IMPORT GROWTH (September 2023 - September 2024)€-8.15M(-10.8%)
MAIN EXPORTER (September 2024)Barcelona€23.6M
MAIN DESTINATION (September 2024)France€10.1M

This section shows Thermostats'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 Thermostats over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$472M
IMPORTS (2022)$714M
NET TRADE (2022)-$242M

In 2022, Spain exported $472M in Thermostats. The main destinations of Spain exports on Thermostats were France ($119M), Belgium ($77.4M), United States ($38.8M), China ($25.5M), and Mexico ($24.8M).

In 2022, Spain imported $714M in Thermostats, mainly from France ($213M), Germany ($196M), China ($58.5M), Italy ($50.6M), and United Kingdom ($42.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Thermostats EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Belgium$35.8M (86%)
France$14.4M (13.8%)
Czechia$10.3M (164%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Thermostats BY Spain WERE (2021 - 2022):
Netherlands-$60.8M (-96%)
China-$28.3M (-52.6%)
Sweden-$22.7M (-63.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Thermostats were:
Japan $5.66B
China $5.61B
Germany $4.45B
In 2022, Spain's main importing competitors in Thermostats were:
United States $6.78B
China $3.47B
Germany $3B

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Trade Value of Thermostats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $25.1M
TOP IMPORT POTENTIALChina+ $32.9M

Thermostats’s highest export potential is United States. With an export gap of $25.1M.   Thermostats’s highest import potential is China with an import gap of $32.9M.

See methodology.

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