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2023
Exports $80.5MWorld Rnk 4 / 58
Flag Rnk 537 / 1215
2023
Destination $58.5M Australia
2022 - 2023
FASTEST GROWING MARKET $58.5MAustralia
2023
PRODUCT COMPLEXITY IN Electric Locomotives0.85Rnk 233 / 1025
2023
Imports $120MWorld Rnk 2 / 109
Flag Rnk 460 / 1214
2023
Origin $43.3k Italy
2022 - 2023
FASTEST GROWING ORIGIN $43.3kRomania
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $80.5M in Electric Locomotives, making it the 4th largest exporter of Electric Locomotives in the world. At the same year, Electric Locomotives was the 537th most exported product in Spain. The main destination of Electric Locomotives exports from Spain are: Australia ($63.6M), Sweden ($11.3M), United Kingdom ($3.06M), Saudi Arabia ($1.78M), and Italy ($410k).

The fastest growing export markets for Electric Locomotives of Spain between 2022 and 2023 were Australia ($58.5M), United Kingdom ($2.23M), and Saudi Arabia ($626k).

Imports In 2023, Spain imported $120M in Electric Locomotives, becoming the 2nd largest importer of Electric Locomotives in the world. At the same year, Electric Locomotives was the 460th most imported product in Spain. Spain imports Electric Locomotives primarily from: Italy ($120M), Netherlands ($253k), France ($208k), Romania ($83.3k), and Lithuania ($63.5k).

The fastest growing import markets in Electric Locomotives for Spain between 2022 and 2023 were Romania ($43.3k), Lithuania ($13.8k), and Czechia ($3.17k).

Latest Trends

December 2024

About

Overview In December 2024 Spain's Electric Locomotives exports accounted up to €11.7M and imports accounted up to €32.9k, resulting in a positive trade balance of €11.7M. Between October 2023 and December 2024 the exports of Spain's   Electric Locomotives have increased by €8.54M (271%) from €3.16M to €11.7M, while imports decreased by €-1.73k (-5%) from €34.6k to €32.9k.

Destinations In December 2024, Electric Locomotives were exported mostly to Singapore (€11.7M) and Morocco (€22.7k), and were imported mostly from Italy (€19.3k), Lithuania (€7.53k), Netherlands (€3.05k), Germany (€2.8k), and France (€246).

Growth In December 2024, the increase in Electric Locomotives's year-by-year exports was explained primarily by an increase in exports to . In December 2024, the decrease in Electric Locomotives's year-by-year imports was explained primarily by a decrease in imports from Italy (€-13.3M or -96.4%), Netherlands (€-140k or -95.8%), and Czechia (€-4.75k or -92.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - December 2024)€8.54M(271%)
IMPORT GROWTH (December 2023 - December 2024)€-1.73k(-5%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Singapore€11.7M

This section shows Electric Locomotives'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 Locomotives over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$80.5M
IMPORTS (2023)$120M
NET TRADE (2023)-$40M

In 2023, Spain exported $80.5M in Electric Locomotives. The main destinations of Spain exports on Electric Locomotives were Australia ($63.6M), Sweden ($11.3M), United Kingdom ($3.06M), Saudi Arabia ($1.78M), and Italy ($410k).

In 2023, Spain imported $120M in Electric Locomotives, mainly from Italy ($120M), Netherlands ($253k), France ($208k), Romania ($83.3k), and Lithuania ($63.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Locomotives EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Australia$58.5M (1.14k%)
United Kingdom$2.23M (268%)
Saudi Arabia$626k (54.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Locomotives BY Spain WERE (2022 - 2023):
Belgium-$15M (-100%)
Singapore-$7.59M (-100%)
Sweden-$3.22M (-22.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Electric Locomotives were:
Germany $379M
China $255M
Italy $131M
In 2023, Spain's main importing competitors in Electric Locomotives were:
Singapore $142M
Belgium $75M

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Trade Value of Electric Locomotives by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $40.7k
TOP IMPORT POTENTIALFrance+ $720k

Electric Locomotives’s highest export potential is Switzerland. With an export gap of $40.7k.   Electric Locomotives’s highest import potential is France with an import gap of $720k.

See methodology.

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