2023
Exports
$8.25MWorld Rnk 9 / 118
Flag Rnk 937 / 1215
2023
PRODUCT COMPLEXITY IN Time Switches
0.85Rnk 231 / 1025
2023
Imports
$18.9MWorld Rnk 7 / 200
Flag Rnk 859 / 1214
2023
ECONOMIC COMPLEXITY of Spain
0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $8.25M in Time Switches, making it the 9th largest exporter of Time Switches in the world. At the same year, Time Switches was the 937th most exported product in Spain. The main destination of Time Switches exports from Spain are: Italy ($2.5M), United Kingdom ($957k), Portugal ($846k), Norway ($412k), and Hungary ($357k).

The fastest growing export markets for Time Switches of Spain between 2022 and 2023 were United Kingdom ($428k), Chile ($136k), and Italy ($132k).

Imports In 2023, Spain imported $18.9M in Time Switches, becoming the 7th largest importer of Time Switches in the world. At the same year, Time Switches was the 859th most imported product in Spain. Spain imports Time Switches primarily from: France ($5.35M), China ($4.89M), Hungary ($2.44M), Germany ($2.35M), and Italy ($1.3M).

The fastest growing import markets in Time Switches for Spain between 2022 and 2023 were Hungary ($628k), Germany ($438k), and Hong Kong ($302k).

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-160k(-23.8%)
IMPORT GROWTH (October 2023 - October 2024)€-43.5k(-3.87%)
MAIN EXPORTER (October 2024)
MAIN DESTINATION (October 2024)

This section shows Time Switches'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 Time Switches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$8.25M
IMPORTS (2023)$18.9M
NET TRADE (2023)-$10.6M

In 2023, Spain exported $8.25M in Time Switches. The main destinations of Spain exports on Time Switches were Italy ($2.5M), United Kingdom ($957k), Portugal ($846k), Norway ($412k), and Hungary ($357k).

In 2023, Spain imported $18.9M in Time Switches, mainly from France ($5.35M), China ($4.89M), Hungary ($2.44M), Germany ($2.35M), and Italy ($1.3M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Time Switches EXPORT MARKETS FOR Spain WERE (2022 - 2023):
United Kingdom$428k (80.9%)
Chile$136k (144%)
Italy$132k (5.58%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Switches BY Spain WERE (2022 - 2023):
Germany-$410k (-73.2%)
Portugal-$256k (-23.2%)
Netherlands-$144k (-84.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Time Switches were:
China $152M
Mexico $63.1M
Germany $52.8M
In 2023, Spain's main importing competitors in Time Switches were:

Explore Visualizations

Trade Value of Time Switches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $354k
TOP IMPORT POTENTIALChina+ $577k

Time Switches’s highest export potential is France. With an export gap of $354k.   Time Switches’s highest import potential is China with an import gap of $577k.

See methodology.

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