2022
Exports
$197MWorld Rnk 42 / 129
Flag Rnk 346 / 1214
2022
PRODUCT COMPLEXITY IN Ferroalloys
-1.24Rnk 892 / 1025
2022
Imports
$785MWorld Rnk 14 / 172
Flag Rnk 126 / 1214
2022
ECONOMIC COMPLEXITY of Spain
0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $197M in Ferroalloys, making it the 42nd largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 346th most exported product in Spain. The main destination of Ferroalloys exports from Spain are: Germany ($39M), Italy ($28.7M), United States ($20.2M), Portugal ($18.8M), and Netherlands ($12.5M).

The fastest growing export markets for Ferroalloys of Spain between 2021 and 2022 were United States ($8.1M), Italy ($3.78M), and Mexico ($2.81M).

Imports In 2022, Spain imported $785M in Ferroalloys, becoming the 14th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 126th most imported product in Spain. Spain imports Ferroalloys primarily from: Kazakhstan ($89.5M), Norway ($86.8M), Brazil ($86.6M), South Africa ($57.5M), and United Kingdom ($52.4M).

The fastest growing import markets in Ferroalloys for Spain between 2021 and 2022 were Kazakhstan ($45.3M), Norway ($33.2M), and North Macedonia ($26.1M).

COMPANIES In 2023, leading companies such as Volkswagen (1), Givaudan Fragrances (1), and Elkem Silicones (1) were at the forefront of shipping Ferroalloys from Spain to the United States.

Latest Trends

June 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-865k(-10.8%)
IMPORT GROWTH (June 2023 - June 2024)€-42.1M(-52.5%)
MAIN EXPORTER (June 2024)Cantabria (santander)€4.32M
MAIN DESTINATION (June 2024)Italy€1.79M

This section shows Ferroalloys'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 Ferroalloys over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$197M
IMPORTS (2022)$785M
NET TRADE (2022)-$588M

In 2022, Spain exported $197M in Ferroalloys. The main destinations of Spain exports on Ferroalloys were Germany ($39M), Italy ($28.7M), United States ($20.2M), Portugal ($18.8M), and Netherlands ($12.5M).

In 2022, Spain imported $785M in Ferroalloys, mainly from Kazakhstan ($89.5M), Norway ($86.8M), Brazil ($86.6M), South Africa ($57.5M), and United Kingdom ($52.4M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Spain WERE (2021 - 2022):
United States$8.1M (66.7%)
Italy$3.78M (15.2%)
Mexico$2.81M (66.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Spain WERE (2021 - 2022):
Germany-$4.19M (-9.72%)
Turkey-$3.34M (-53.5%)
Argentina-$2.76M (-43.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Ferroalloys were:
In 2022, Spain's main importing competitors in Ferroalloys were:

Explore Visualizations

Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $13.1M
TOP IMPORT POTENTIALBrazil+ $36.3M

Ferroalloys’s highest export potential is United States. With an export gap of $13.1M.   Ferroalloys’s highest import potential is Brazil with an import gap of $36.3M.

See methodology.

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