Excavation Machinery in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $1.12B in Excavation Machinery, making it the 18th largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 66th most exported product in Spain. The main destination of Excavation Machinery exports from Spain are: France ($191M), Germany ($107M), United States ($86.7M), Portugal ($60.9M), and Italy ($55.5M).

The fastest growing export markets for Excavation Machinery of Spain between 2021 and 2022 were Germany ($19.3M), France ($17.8M), and United Kingdom ($12.2M).

Imports In 2022, Spain imported $969M in Excavation Machinery, becoming the 21st largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 110th most imported product in Spain. Spain imports Excavation Machinery primarily from: Germany ($150M), Italy ($144M), China ($107M), France ($90.1M), and Belgium ($70.3M).

The fastest growing import markets in Excavation Machinery for Spain between 2021 and 2022 were China ($30M), Portugal ($17M), and Belgium ($13M).

COMPANIES In 2023, leading companies such as SCHINDLER ELEVATOR CORPORATION (98), CNH INDUSTRIAL AMERICA LLC (60), and ELECTROLUX HOME PRODUCTS, INC. (28) were at the forefront of shipping Excavation Machinery from Spain to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Spain's Excavation Machinery exports accounted up to €87.2M and imports accounted up to €88.5M, resulting in a negative trade balance of €1.33M. Between January 2023 and January 2024 the exports of Spain's Excavation Machinery have increased by €7.6M (9.55%) from €79.6M to €87.2M, while imports increased by €497k (0.56%) from €88M to €88.5M.

Destinations In January 2024, Excavation Machinery were exported mostly to France (€11.3M), Rest of the world (€10M), Germany (€7.15M), United States (€6.85M), and Portugal (€4.26M), and were imported mostly from Germany (€17.6M), France (€12.7M), Italy (€12.5M), China (€8.11M), and Austria (€5.61M).

Growth In January 2024, the increase in Excavation Machinery's year-by-year exports was explained primarily by an increase in exports to Rest of the world (€4.1M or 541%), Italy (€2.06M or 105%), and France (€1.95M or 16.6%). In January 2024, the increase in Excavation Machinery's year-by-year imports was explained primarily by an increase in imports from Germany (€5.08M or 48.6%), Italy (€3.96M or 40.8%), and France (€1.7M or 27.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€7.6M(9.55%)

IMPORT GROWTH (January 2023 - January 2024)€497k(0.56%)

MAIN EXPORTER (January 2024)Madrid€13.3M

MAIN DESTINATION (January 2024)France€11.3M

This section shows Excavation Machinery'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 Excavation Machinery over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.12B

IMPORTS (2022)$969M

NET TRADE (2022)$154M

In 2022, Spain exported $1.12B in Excavation Machinery. The main destinations of Spain exports on Excavation Machinery were France ($191M), Germany ($107M), United States ($86.7M), Portugal ($60.9M), and Italy ($55.5M).

In 2022, Spain imported $969M in Excavation Machinery, mainly from Germany ($150M), Italy ($144M), China ($107M), France ($90.1M), and Belgium ($70.3M).

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