Electromagnets in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $87.3M in Electromagnets, making it the 19th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 520th most exported product in Spain. The main destination of Electromagnets exports from Spain are: Germany ($29.6M), France ($11.7M), Italy ($8.64M), Morocco ($8.56M), and Portugal ($3.97M).

The fastest growing export markets for Electromagnets of Spain between 2021 and 2022 were Germany ($6.35M), France ($3.56M), and Italy ($3.16M).

Imports In 2022, Spain imported $130M in Electromagnets, becoming the 23rd largest importer of Electromagnets in the world. At the same year, Electromagnets was the 462nd most imported product in Spain. Spain imports Electromagnets primarily from: China ($64.4M), Germany ($27.2M), Italy ($11.8M), France ($7.2M), and Netherlands ($5.71M).

The fastest growing import markets in Electromagnets for Spain between 2021 and 2022 were China ($17.8M), Netherlands ($2.09M), and Poland ($849k).

COMPANIES In 2023, leading companies such as TE CONNECTIVITY CORPORATION (22) were at the forefront of shipping Electromagnets from Spain to the United States.

Latest Trends

January 2024

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Overview In January 2024 Spain's Electromagnets exports accounted up to €4.21M and imports accounted up to €7.34M, resulting in a negative trade balance of €3.13M. Between January 2023 and January 2024 the exports of Spain's Electromagnets have decreased by €-2.67M (-38.9%) from €6.88M to €4.21M, while imports decreased by €-2.83M (-27.8%) from €10.2M to €7.34M.

Destinations In January 2024, Electromagnets were exported mostly to Italy (€861k), Germany (€766k), France (€759k), Portugal (€306k), and United Kingdom (€243k), and were imported mostly from China (€3.97M), Germany (€1.28M), Italy (€434k), France (€397k), and Netherlands (€324k).

Growth In January 2024, the decrease in Electromagnets's year-by-year exports was explained primarily by a decrease in exports to Germany (€-4.17M or -61.1%), Egypt (€-11.8k or -93.3%), and Finland (€-11.2k or -32%). In January 2024, the decrease in Electromagnets's year-by-year imports was explained primarily by a decrease in imports from Vietnam (€-125k or -99%), United States (€-96.5k or -63.4%), and Taiwan (€-58.4k or -96.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-2.67M(-38.9%)

IMPORT GROWTH (January 2023 - January 2024)€-2.83M(-27.8%)

MAIN EXPORTER (January 2024)Barcelona€995k

MAIN DESTINATION (January 2024)Italy€861k

This section shows Electromagnets'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 Electromagnets over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$87.3M

IMPORTS (2022)$130M

NET TRADE (2022)-$43M

In 2022, Spain exported $87.3M in Electromagnets. The main destinations of Spain exports on Electromagnets were Germany ($29.6M), France ($11.7M), Italy ($8.64M), Morocco ($8.56M), and Portugal ($3.97M).

In 2022, Spain imported $130M in Electromagnets, mainly from China ($64.4M), Germany ($27.2M), Italy ($11.8M), France ($7.2M), and Netherlands ($5.71M).

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