2022
Exports
$534MWorld Rnk 10 / 186
Flag Rnk 165 / 1214
2022
PRODUCT COMPLEXITY IN Electric Motor Parts
0.66Rnk 292 / 1025
2022
Imports
$370MWorld Rnk 17 / 219
Flag Rnk 235 / 1214
2022
ECONOMIC COMPLEXITY of Spain
0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $534M in Electric Motor Parts, making it the 10th largest exporter of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 165th most exported product in Spain. The main destination of Electric Motor Parts exports from Spain are: France ($79.1M), Italy ($70.4M), Finland ($66.9M), Germany ($48.6M), and Netherlands ($35.3M).

The fastest growing export markets for Electric Motor Parts of Spain between 2021 and 2022 were Finland ($63.3M), Italy ($55.6M), and Argentina ($15.9M).

Imports In 2022, Spain imported $370M in Electric Motor Parts, becoming the 17th largest importer of Electric Motor Parts in the world. At the same year, Electric Motor Parts was the 235th most imported product in Spain. Spain imports Electric Motor Parts primarily from: China ($126M), India ($68.3M), Italy ($50M), Germany ($26M), and France ($23.8M).

The fastest growing import markets in Electric Motor Parts for Spain between 2021 and 2022 were India ($46M), Italy ($9.77M), and Tunisia ($4.01M).

COMPANIES In 2023, leading companies such as Vestas (1) and GE RENEWABLES NORTH AMERICA LLC (1) were at the forefront of shipping Electric Motor Parts from Spain to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-21M(-60%)
IMPORT GROWTH (June 2023 - June 2024)€-3.11M(-12.7%)
MAIN EXPORTER (June 2024)Navarra€19.7M
MAIN DESTINATION (June 2024)Greece€1.78M

This section shows Electric Motor Parts'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 Motor Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$534M
IMPORTS (2022)$370M
NET TRADE (2022)$164M

In 2022, Spain exported $534M in Electric Motor Parts. The main destinations of Spain exports on Electric Motor Parts were France ($79.1M), Italy ($70.4M), Finland ($66.9M), Germany ($48.6M), and Netherlands ($35.3M).

In 2022, Spain imported $370M in Electric Motor Parts, mainly from China ($126M), India ($68.3M), Italy ($50M), Germany ($26M), and France ($23.8M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Motor Parts EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Finland$63.3M (1.8k%)
Italy$55.6M (376%)
Argentina$15.9M (2.33k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Motor Parts BY Spain WERE (2021 - 2022):
United States-$61M (-81.6%)
France-$60.4M (-43.3%)
Sweden-$24.1M (-63.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Electric Motor Parts were:
China $6.95B
Germany $2.21B
Japan $1.62B
In 2022, Spain's main importing competitors in Electric Motor Parts were:

Explore Visualizations

Trade Value of Electric Motor Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $26.9M
TOP IMPORT POTENTIALChina+ $25.9M

Electric Motor Parts’s highest export potential is Germany. With an export gap of $26.9M.   Electric Motor Parts’s highest import potential is China with an import gap of $25.9M.

See methodology.

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