2023
Exports
$174MWorld Rnk 15 / 197
Flag Rnk 368 / 1215
2023
PRODUCT COMPLEXITY IN Electric Soldering Equipment
1.73Rnk 19 / 1025
2023
Imports
$169MWorld Rnk 23 / 224
Flag Rnk 377 / 1214
2023
ECONOMIC COMPLEXITY of Spain
0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $174M in Electric Soldering Equipment, making it the 15th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 368th most exported product in Spain. The main destination of Electric Soldering Equipment exports from Spain are: Portugal ($30.9M), Germany ($27.3M), United States ($16.6M), Mexico ($12.6M), and Czechia ($12M).

The fastest growing export markets for Electric Soldering Equipment of Spain between 2022 and 2023 were Mexico ($7.77M), Czechia ($4.8M), and Portugal ($3.69M).

Imports In 2023, Spain imported $169M in Electric Soldering Equipment, becoming the 23rd largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 377th most imported product in Spain. Spain imports Electric Soldering Equipment primarily from: Germany ($40.9M), Italy ($25.4M), China ($23.6M), Switzerland ($11.6M), and Austria ($9.52M).

The fastest growing import markets in Electric Soldering Equipment for Spain between 2022 and 2023 were Germany ($9.71M), Italy ($7.45M), and Austria ($2.88M).

COMPANIES In 2024, leading companies such as Volkswagen (1), BSH Home Appliances (1), and L'Oreal (1) were at the forefront of shipping Electric Soldering Equipment from Spain to the United States.

Latest Trends

December 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€-8.2M(-46%)
IMPORT GROWTH (December 2023 - December 2024)€6.33M(50.3%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Germany€1.55M

This section shows Electric Soldering 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 Electric Soldering Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$174M
IMPORTS (2023)$169M
NET TRADE (2023)$5.72M

In 2023, Spain exported $174M in Electric Soldering Equipment. The main destinations of Spain exports on Electric Soldering Equipment were Portugal ($30.9M), Germany ($27.3M), United States ($16.6M), Mexico ($12.6M), and Czechia ($12M).

In 2023, Spain imported $169M in Electric Soldering Equipment, mainly from Germany ($40.9M), Italy ($25.4M), China ($23.6M), Switzerland ($11.6M), and Austria ($9.52M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Mexico$7.77M (159%)
Czechia$4.8M (67%)
Portugal$3.69M (13.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Spain WERE (2022 - 2023):
Italy-$4.6M (-40.6%)
Turkey-$3.04M (-44.5%)
India-$2.29M (-51.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Electric Soldering Equipment were:
In 2023, Spain's main importing competitors in Electric Soldering Equipment were:

Explore Visualizations

Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.63M
TOP IMPORT POTENTIALChina+ $11.3M

Electric Soldering Equipment’s highest export potential is United States. With an export gap of $8.63M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $11.3M.

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