Overview In December 2022 Madrid exported €4.99B and imported €8.42B, resulting in a negative trade balance of €3.43B. Between December 2021 and December 2022 the exports of Madrid have increased by $881M (21.5%) from €4.11B to €4.99B, while imports decreased by €-127M (-1.49%) from €8.55B to €8.42B.
Trade In December 2022, the top exports of Madrid were Vaccines, blood, antisera, toxins and cultures (€1.32B), Packaged Medicaments (€316M), Electricity (€274M), Planes, Helicopters, and/or Spacecraft (€239M), and Gold (€204M). In December 2022 the top imports of Madrid were Petroleum Gas (€1.3B), Packaged Medicaments (€618M), Cars (€434M), Telephones (€332M), and Vaccines, blood, antisera, toxins and cultures (€289M).
Destinations In December 2022, Madrid exported mostly to Belgium (€1.3B), France (€622M), Portugal (€364M), United Kingdom (€348M), and Italy (€342M), and imported mostly from United States (€965M), Germany (€924M), China (€838M), France (€789M), and Italy (€598M).
Growth In December 2022, the increase in Madrid's year-by-year exports was explained primarily by an increase in exports to Portugal (€221M or 77.4%), United Kingdom (€193M or 138%), and France (€156M or 43.9%), and product exports increase in Electricity (€381M or 332%), Petroleum Gas (€80.1M or 2.01k%), and Refined Petroleum (€67M or 356%). In December 2022, the decrease in Madrid's year-by-year imports was explained primarily by an decrease in imports from Vietnam (€-63.1M or -56.2%), Netherlands (€-33.7M or -8.9%), and Kazakhstan (€-31.1M or -96.7%), and product imports decrease in Telephones (€-195M or -65.8%), Vaccines, blood, antisera, toxins and cultures (€-58.1M or -23.2%), and Planes, Helicopters, and/or Spacecraft (€-42.7M or -99.8%).