Low-voltage Protection Equipment in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $1.44B in Low-voltage Protection Equipment, making it the 18th largest exporter of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 47th most exported product in Spain. The main destination of Low-voltage Protection Equipment exports from Spain are: France ($335M), Germany ($183M), Morocco ($164M), Portugal ($91.8M), and Italy ($52.7M).

The fastest growing export markets for Low-voltage Protection Equipment of Spain between 2021 and 2022 were Saudi Arabia ($13.9M), United Kingdom ($12.6M), and Hungary ($11.5M).

Imports In 2022, Spain imported $1.93B in Low-voltage Protection Equipment, becoming the 19th largest importer of Low-voltage Protection Equipment in the world. At the same year, Low-voltage Protection Equipment was the 43rd most imported product in Spain. Spain imports Low-voltage Protection Equipment primarily from: Germany ($453M), France ($375M), China ($217M), Italy ($154M), and Morocco ($116M).

The fastest growing import markets in Low-voltage Protection Equipment for Spain between 2021 and 2022 were Germany ($18.8M), Czechia ($16M), and South Korea ($9.07M).

COMPANIES In 2023, leading companies such as TE CONNECTIVITY CORPORATION (187), ABB MOTORS AND MECHANICAL INC (1), and MAHLE BEHR AMERICA INC. (1) were at the forefront of shipping Low-voltage Protection Equipment from Spain to the United States.

Latest Trends

February 2024

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Overview In February 2024 Spain's Low-voltage Protection Equipment exports accounted up to €133M and imports accounted up to €158M, resulting in a negative trade balance of €25.4M. Between February 2023 and February 2024 the exports of Spain's Low-voltage Protection Equipment have increased by €4.05M (3.15%) from €129M to €133M, while imports increased by €5.12M (3.35%) from €153M to €158M.

Destinations In February 2024, Low-voltage Protection Equipment were exported mostly to France (€27.4M), Germany (€16.1M), Morocco (€12.3M), United Kingdom (€10.2M), and Belgium (€7.89M), and were imported mostly from Germany (€40.7M), France (€35.4M), China (€14.4M), Italy (€11.1M), and Vietnam (€6.98M).

Growth In February 2024, the increase in Low-voltage Protection Equipment's year-by-year exports was explained primarily by an increase in exports to France (€3.89M or 12.6%), Belgium (€2.79M or 306%), and United States (€1.54M or 157%). In February 2024, the increase in Low-voltage Protection Equipment's year-by-year imports was explained primarily by an increase in imports from Germany (€6.53M or 20.9%), Italy (€4.15M or 44.7%), and Netherlands (€1.58M or 33.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€4.05M(3.15%)

IMPORT GROWTH (February 2023 - February 2024)€5.12M(3.35%)

MAIN EXPORTER (February 2024)Tarragona€50.4M

MAIN DESTINATION (February 2024)France€27.4M

This section shows Low-voltage Protection Equipment'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 Low-voltage Protection Equipment over time.

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