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2023
Exports $940MWorld Rnk 19 / 222
Flag Rnk 85 / 1215
2023
Destination $11.5M Germany
2022 - 2023
FASTEST GROWING MARKET $11.5MPoland
2023
PRODUCT COMPLEXITY IN Engine Parts1.05Rnk 160 / 1025
2023
Imports $1.34BWorld Rnk 18 / 224
Flag Rnk 74 / 1214
2023
Origin $72.4M Germany
2022 - 2023
FASTEST GROWING ORIGIN $72.4MGermany
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $940M in Engine Parts, making it the 19th largest exporter of Engine Parts in the world. At the same year, Engine Parts was the 85th most exported product in Spain. The main destination of Engine Parts exports from Spain are: Germany ($237M), France ($100M), United States ($99.4M), United Kingdom ($89.9M), and Portugal ($55.1M).

The fastest growing export markets for Engine Parts of Spain between 2022 and 2023 were Poland ($11.5M), Mexico ($8.31M), and Germany ($6.56M).

Imports In 2023, Spain imported $1.34B in Engine Parts, becoming the 18th largest importer of Engine Parts in the world. At the same year, Engine Parts was the 74th most imported product in Spain. Spain imports Engine Parts primarily from: Germany ($354M), Mexico ($161M), France ($92.5M), Turkey ($91.7M), and China ($84.8M).

The fastest growing import markets in Engine Parts for Spain between 2022 and 2023 were Germany ($72.4M), Mexico ($22.3M), and Italy ($16.8M).

COMPANIES In 2024, leading companies such as Robert Bosch (5) were at the forefront of shipping Engine Parts from Spain to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Spain's Engine Parts exports accounted up to €51.4M and imports accounted up to €60.3M, resulting in a negative trade balance of €8.93M. Between December 2023 and December 2024 the exports of Spain's   Engine Parts have decreased by €-3.38M (-6.17%) from €54.8M to €51.4M, while imports decreased by €-15.1M (-20%) from €75.4M to €60.3M.

Destinations In December 2024, Engine Parts were exported mostly to Germany (€16.6M), Portugal (€4.88M), United States (€4.09M), France (€3.87M), and United Kingdom (€2.91M), and were imported mostly from Germany (€14.1M), China (€5.98M), Turkey (€5.29M), Italy (€4.51M), and Portugal (€4.11M).

Growth In December 2024, the decrease in Engine Parts's year-by-year exports was explained primarily by a decrease in exports to France (€-5.28M or -42.7%), United Arab Emirates (€-1.23M or -98.4%), and Netherlands (€-897k or -57.4%). In December 2024, the decrease in Engine Parts's year-by-year imports was explained primarily by a decrease in imports from France (€-3.71M or -36%), Mexico (€-3.63M or -19.1%), and Germany (€-2.56M or -10.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€-3.38M(-6.17%)
IMPORT GROWTH (December 2023 - December 2024)€-15.1M(-20%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Germany€16.6M

This section shows Engine 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 Engine Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$940M
IMPORTS (2023)$1.34B
NET TRADE (2023)-$405M

In 2023, Spain exported $940M in Engine Parts. The main destinations of Spain exports on Engine Parts were Germany ($237M), France ($100M), United States ($99.4M), United Kingdom ($89.9M), and Portugal ($55.1M).

In 2023, Spain imported $1.34B in Engine Parts, mainly from Germany ($354M), Mexico ($161M), France ($92.5M), Turkey ($91.7M), and China ($84.8M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Engine Parts EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Poland$11.5M (52.6%)
Mexico$8.31M (22.8%)
Germany$6.56M (2.85%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Engine Parts BY Spain WERE (2022 - 2023):
South Korea-$36.1M (-77.9%)
Argentina-$8.36M (-74.1%)
Belgium-$7.04M (-48.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Engine Parts were:
Germany $13.7B
China $7.81B
United States $6.48B
In 2023, Spain's main importing competitors in Engine Parts were:
United States $11.8B
Germany $6.71B
Mexico $4.3B

Explore Visualizations

Trade Value of Engine Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $55.5M
TOP IMPORT POTENTIALChina+ $53.5M

Engine Parts’s highest export potential is United States. With an export gap of $55.5M.   Engine Parts’s highest import potential is China with an import gap of $53.5M.

See methodology.

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