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2022
Exports $1.39BWorld Rnk 10 / 215
Flag Rnk 49 / 1214
2022
Destination $131M France
2021 - 2022
FASTEST GROWING MARKET $131MFrance
2022
PRODUCT COMPLEXITY IN Electric Heaters0.46Rnk 379 / 1025
2022
Imports $1.66BWorld Rnk 10 / 224
Flag Rnk 53 / 1214
2022
Origin $51.6M China
2021 - 2022
FASTEST GROWING ORIGIN $51.6MChina
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $1.39B in Electric Heaters, making it the 10th largest exporter of Electric Heaters in the world. At the same year, Electric Heaters was the 49th most exported product in Spain. The main destination of Electric Heaters exports from Spain are: France ($287M), Germany ($287M), Portugal ($169M), Italy ($110M), and United Kingdom ($83.6M).

The fastest growing export markets for Electric Heaters of Spain between 2021 and 2022 were France ($131M), Italy ($26.1M), and Portugal ($13.1M).

Imports In 2022, Spain imported $1.66B in Electric Heaters, becoming the 10th largest importer of Electric Heaters in the world. At the same year, Electric Heaters was the 53rd most imported product in Spain. Spain imports Electric Heaters primarily from: China ($752M), Germany ($233M), France ($151M), Italy ($148M), and Turkey ($69.1M).

The fastest growing import markets in Electric Heaters for Spain between 2021 and 2022 were China ($51.6M), Malaysia ($10M), and Netherlands ($9.86M).

COMPANIES In 2023, leading companies such as BSH Home Appliances (14) and Robert Bosch (2) were at the forefront of shipping Electric Heaters from Spain to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Spain's Electric Heaters exports accounted up to €78M and imports accounted up to €117M, resulting in a negative trade balance of €39.5M. Between August 2023 and August 2024 the exports of Spain's   Electric Heaters have decreased by €-2.96M (-3.65%) from €80.9M to €78M, while imports increased by €12.9M (12.3%) from €105M to €117M.

Destinations In August 2024, Electric Heaters were exported mostly to Germany (€17.3M), Portugal (€14.2M), Italy (€6.39M), United Kingdom (€5.56M), and France (€5.43M), and were imported mostly from China (€68.9M), Germany (€6.45M), Turkey (€6.44M), France (€5.42M), and Philippines (€5.37M).

Growth In August 2024, the decrease in Electric Heaters's year-by-year exports was explained primarily by a decrease in exports to France (€-3.74M or -27%), Russia (€-1.47M or -81.2%), and China (€-989k or -76.4%). In August 2024, the increase in Electric Heaters's year-by-year imports was explained primarily by an increase in imports from China (€15.8M or 31.8%), France (€3.14M or 62.1%), and Netherlands (€1.72M or 74.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-2.96M(-3.65%)
IMPORT GROWTH (August 2023 - August 2024)€12.9M(12.3%)
MAIN EXPORTER (August 2024)Zaragoza€61.4M
MAIN DESTINATION (August 2024)Germany€17.3M

This section shows Electric Heaters'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 Heaters over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.39B
IMPORTS (2022)$1.66B
NET TRADE (2022)-$266M

In 2022, Spain exported $1.39B in Electric Heaters. The main destinations of Spain exports on Electric Heaters were France ($287M), Germany ($287M), Portugal ($169M), Italy ($110M), and United Kingdom ($83.6M).

In 2022, Spain imported $1.66B in Electric Heaters, mainly from China ($752M), Germany ($233M), France ($151M), Italy ($148M), and Turkey ($69.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Heaters EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$131M (83.6%)
Italy$26.1M (31.1%)
Portugal$13.1M (8.42%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Heaters BY Spain WERE (2021 - 2022):
Russia-$20.3M (-81.9%)
United Kingdom-$19.5M (-18.9%)
Poland-$8.09M (-14.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Electric Heaters were:
China $31.5B
Germany $5.3B
Italy $2.96B
In 2022, Spain's main importing competitors in Electric Heaters were:
United States $12.8B
Germany $6.24B
France $3.15B

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Trade Value of Electric Heaters by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $64.2M
TOP IMPORT POTENTIALChina+ $70.4M

Electric Heaters’s highest export potential is France. With an export gap of $64.2M.   Electric Heaters’s highest import potential is China with an import gap of $70.4M.

See methodology.

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