HS Icon Vehicle Parts in  Flag Spain

2019
Exports | Imports
: $10.6B | $13.2B, World Rnk 12 / 225
Flag Rnk 3 / 1213 | World Rnk 8 / 225
Flag Rnk 3 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $26.6M | $71.7M, South Africa |  United States

2019
ECONOMIC COMPLEXITY of Spain
: 0.85, Rnk 33 / 147

2019
PRODUCT COMPLEXITY  IN Vehicle Parts
: 1.1, Rnk 141 / 1029

Exports: In 2019, Spain exported $10.6B in Vehicle Parts, making it the 12th largest exporter of Vehicle Parts in the world. At the same year, Vehicle Parts was the 3rd most exported product in Spain. The main destination of Vehicle Parts exports from Spain are: Germany ($1.8B), France ($1.79B), Portugal ($1.23B), United Kingdom ($683M), and Morocco ($576M).

The fastest growing export markets for Vehicle Parts of Spain between 2018 and 2019 were South Africa ($26.6M), Morocco ($22.4M), and Czechia ($12.7M).

Imports: In 2019, Spain imported $13.2B in Vehicle Parts, becoming the 8th largest importer of Vehicle Parts in the world. At the same year, Vehicle Parts was the 3rd most imported product in Spain. Spain imports Vehicle Parts primarily from: France ($2.83B), Germany ($2.81B), Portugal ($1.41B), Italy ($1.08B), and Poland ($769M).

The fastest growing import markets in Vehicle Parts for Spain between 2018 and 2019 were United States ($71.7M), Turkey ($63.7M), and Morocco ($54.3M).

Tariffs: In 2017, the average tariff for Spain in Vehicle Parts was 1.13%. The countries with the highest import tariffs for Vehicle Parts were Western Sahara (Most Favoured Nation duty rate treatement, 3.81%), Gabon (Most Favoured Nation duty rate treatement, 3.81%), Libya (Most Favoured Nation duty rate treatement, 3.81%), Mayotte (Most Favoured Nation duty rate treatement, 3.81%), and Reunion (Most Favoured Nation duty rate treatement, 3.81%).

Latest Trends (April 2021)

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Overview: In April 2021 Spain's Vehicle Parts exports accounted up to €696M and imports accounted up to €1.25B, resulting in a negative trade balance of €553M. Between April 2020 and April 2021 the exports of Spain's   Vehicle Parts have increased by €521M (298%) from €175M to €696M, while imports increased by €1.05B (513%) from €204M to €1.25B.

Destinations: In April 2021, Vehicle Parts were exported mostly to Germany (€122M), France (€106M), Portugal (€64.9M), Morocco (€38.8M), and United Kingdom (€34.5M), and were imported mostly from France (€435M), Germany (€226M), Italy (€86.7M), Poland (€58.8M), and Portugal (€58.7M).

Growth: In April 2021, the increase in Vehicle Parts's year-by-year exports was explained primarily by an increase in exports to France (€89.4M or 534%), Germany (€88.7M or 263%), and Portugal (€52.4M or 417%). In April 2021, the increase in Vehicle Parts's year-by-year imports was explained primarily by an increase in imports from France (€369M or 564%), Germany (€195M or 640%), and Italy (€70.7M or 442%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (April 2020 - April 2021): €521M, (298%)

IMPORT GROWTH (April 2020 - April 2021): €1.05B, (513%)

MAIN EXPORTER (April 2021): Barcelona, €149M

MAIN DESTINATION (April 2021): Germany, €122M

This section shows Vehicle Parts'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 Vehicle Parts over time.

For full datasets download visit Bulk Download page.

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Historical Data

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Value

EXPORTS (2019): $10.6B

IMPORTS (2019): $13.2B

NET TRADE (2019): -$2.64B

In 2019, Spain exported $10.6B in Vehicle Parts. The main destinations of Spain exports on Vehicle Parts were Germany ($1.8B), France ($1.79B), Portugal ($1.23B), United Kingdom ($683M), and Morocco ($576M).

In 2019, Spain imported $13.2B in Vehicle Parts, mainly from France ($2.83B), Germany ($2.81B), Portugal ($1.41B), Italy ($1.08B), and Poland ($769M).

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IN 2019, Spain HAD A POSITIVE NET TRADE IN Vehicle Parts WITH:

IN 2019, Spain HAD A NEGATIVE NET TRADE IN Vehicle Parts WITH:

Flow

THE FASTEST GROWING Vehicle Parts EXPORT MARKETS FOR Spain WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vehicle Parts BY Spain WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, Spain's main exporting competitors in Vehicle Parts were:

In 2018, Spain's main importing competitors in Vehicle Parts were:

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Tariffs by Country

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In 2017, the average tariff for Spain in Vehicle Parts was 1.13%.

The countries with the highest tariffs for Vehicle Parts in Spain were Western Sahara (Most Favoured Nation duty rate treatement, 3.81%), Gabon (Most Favoured Nation duty rate treatement, 3.81%), Libya (Most Favoured Nation duty rate treatement, 3.81%), Mayotte (Most Favoured Nation duty rate treatement, 3.81%), and Reunion (Most Favoured Nation duty rate treatement, 3.81%).