Electric Furnaces in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $98.9M in Electric Furnaces, making it the 13th largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 478th most exported product in Spain. The main destination of Electric Furnaces exports from Spain are: United States ($17.5M), Iran ($8.24M), Germany ($6.76M), Mexico ($6.02M), and France ($6.01M).

The fastest growing export markets for Electric Furnaces of Spain between 2021 and 2022 were United States ($10.7M), Mexico ($3.15M), and Morocco ($1.49M).

Imports In 2022, Spain imported $79.6M in Electric Furnaces, becoming the 22nd largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 580th most imported product in Spain. Spain imports Electric Furnaces primarily from: Italy ($32.3M), Germany ($13.5M), France ($6.3M), China ($5.68M), and United Kingdom ($4.44M).

The fastest growing import markets in Electric Furnaces for Spain between 2021 and 2022 were China ($2.49M), Italy ($2.44M), and Japan ($1.75M).

COMPANIES In 2023, leading companies such as JOHN DEERE COMMERCIAL PRODUCTS (5) and PHILIPS CONSUMER LIFESTYLE (4) were at the forefront of shipping Electric Furnaces from Spain to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Spain's Electric Furnaces exports accounted up to €7.95M and imports accounted up to €4.92M, resulting in a positive trade balance of €3.03M. Between January 2023 and January 2024 the exports of Spain's Electric Furnaces have increased by €2.82M (55.1%) from €5.13M to €7.95M, while imports increased by €1.18M (31.4%) from €3.75M to €4.92M.

Destinations In January 2024, Electric Furnaces were exported mostly to Mexico (€1.73M), Poland (€1.17M), China (€891k), Germany (€723k), and Italy (€619k), and were imported mostly from Italy (€1.96M), Germany (€466k), Turkey (€454k), France (€324k), and United Kingdom (€302k).

Growth In January 2024, the increase in Electric Furnaces's year-by-year exports was explained primarily by an increase in exports to Germany (€566k or 107%), Austria (€299k or 270%), and Poland (€218k or 105%). In January 2024, the increase in Electric Furnaces's year-by-year imports was explained primarily by an increase in imports from Belgium (€971k or 4.36k%), United Kingdom (€289k or 816%), and Portugal (€147k or 2.21k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€2.82M(55.1%)

IMPORT GROWTH (January 2023 - January 2024)€1.18M(31.4%)

MAIN EXPORTER (January 2024)Valencia€3.93M

MAIN DESTINATION (January 2024)Mexico€1.73M

This section shows Electric Furnaces'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 Electric Furnaces over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$98.9M

IMPORTS (2022)$79.6M

NET TRADE (2022)$19.3M

In 2022, Spain exported $98.9M in Electric Furnaces. The main destinations of Spain exports on Electric Furnaces were United States ($17.5M), Iran ($8.24M), Germany ($6.76M), Mexico ($6.02M), and France ($6.01M).

In 2022, Spain imported $79.6M in Electric Furnaces, mainly from Italy ($32.3M), Germany ($13.5M), France ($6.3M), China ($5.68M), and United Kingdom ($4.44M).

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