2022
Exports
$49.7MWorld Rnk 12 / 200
Flag Rnk 647 / 1214
2022
PRODUCT COMPLEXITY IN Wrenches
1.67Rnk 30 / 1025
2022
Imports
$68.4MWorld Rnk 14 / 219
Flag Rnk 617 / 1214
2022
ECONOMIC COMPLEXITY of Spain
0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $49.7M in Wrenches, making it the 12th largest exporter of Wrenches in the world. At the same year, Wrenches was the 647th most exported product in Spain. The main destination of Wrenches exports from Spain are: United States ($10.8M), France ($10.6M), Germany ($4.45M), Netherlands ($3.72M), and Italy ($3.18M).

The fastest growing export markets for Wrenches of Spain between 2021 and 2022 were United Kingdom ($1.11M), United States ($575k), and Singapore ($295k).

Imports In 2022, Spain imported $68.4M in Wrenches, becoming the 14th largest importer of Wrenches in the world. At the same year, Wrenches was the 617th most imported product in Spain. Spain imports Wrenches primarily from: China ($23.1M), Germany ($17.9M), Chinese Taipei ($7.36M), France ($3.23M), and India ($3.2M).

The fastest growing import markets in Wrenches for Spain between 2021 and 2022 were China ($6.44M), Germany ($1.55M), and United States ($438k).

COMPANIES In 2023, leading companies such as Dana Incorporated (7), Porven (2), and Pirelli Tires (1) were at the forefront of shipping Wrenches from Spain to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-5.16M(-55.5%)
IMPORT GROWTH (June 2023 - June 2024)€-3.76M(-44.2%)
MAIN EXPORTER (June 2024)Vizcaya€1.58M
MAIN DESTINATION (June 2024)United States€997k

This section shows Wrenches'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 Wrenches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$49.7M
IMPORTS (2022)$68.4M
NET TRADE (2022)-$18.6M

In 2022, Spain exported $49.7M in Wrenches. The main destinations of Spain exports on Wrenches were United States ($10.8M), France ($10.6M), Germany ($4.45M), Netherlands ($3.72M), and Italy ($3.18M).

In 2022, Spain imported $68.4M in Wrenches, mainly from China ($23.1M), Germany ($17.9M), Chinese Taipei ($7.36M), France ($3.23M), and India ($3.2M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wrenches EXPORT MARKETS FOR Spain WERE (2021 - 2022):
United Kingdom$1.11M (110%)
United States$575k (5.65%)
Singapore$295k (268%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wrenches BY Spain WERE (2021 - 2022):
Netherlands-$1.56M (-29.5%)
Belgium-$491k (-70%)
Germany-$456k (-9.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Wrenches were:
In 2022, Spain's main importing competitors in Wrenches were:

Explore Visualizations

Trade Value of Wrenches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.68M
TOP IMPORT POTENTIALChina+ $2.51M

Wrenches’s highest export potential is United States. With an export gap of $1.68M.   Wrenches’s highest import potential is China with an import gap of $2.51M.

See methodology.

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