Forging Machines in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $200M in Forging Machines, making it the 12th largest exporter of Forging Machines in the world. At the same year, Forging Machines was the 342nd most exported product in Spain. The main destination of Forging Machines exports from Spain are: Mexico ($35.7M), United States ($34.5M), Turkey ($23.5M), China ($10.7M), and France ($7.52M).

The fastest growing export markets for Forging Machines of Spain between 2021 and 2022 were Mexico ($19.5M), China ($8.05M), and Australia ($3.88M).

Imports In 2022, Spain imported $122M in Forging Machines, becoming the 23rd largest importer of Forging Machines in the world. At the same year, Forging Machines was the 471st most imported product in Spain. Spain imports Forging Machines primarily from: Italy ($27.6M), Germany ($18.7M), Turkey ($12.4M), China ($9.84M), and Portugal ($8.46M).

The fastest growing import markets in Forging Machines for Spain between 2021 and 2022 were Turkey ($3.72M), Portugal ($3.59M), and Romania ($2.72M).

COMPANIES In 2023, leading companies such as FORD MOTOR COMPANY (1.05k) were at the forefront of shipping Forging Machines from Spain to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Spain's Forging Machines exports accounted up to €22.8M and imports accounted up to €13.8M, resulting in a positive trade balance of €8.99M. Between January 2023 and January 2024 the exports of Spain's Forging Machines have increased by €3.68M (19.2%) from €19.2M to €22.8M, while imports increased by €6.39M (85.7%) from €7.46M to €13.8M.

Destinations In January 2024, Forging Machines were exported mostly to Mexico (€5.55M), Germany (€4.01M), Colombia (€3.53M), United States (€2.1M), and United Kingdom (€2.08M), and were imported mostly from United States (€3.27M), Germany (€2.65M), Austria (€2.17M), Taiwan (€1.31M), and China (€1.11M).

Growth In January 2024, the increase in Forging Machines's year-by-year exports was explained primarily by an increase in exports to Czechia (€4.99M or 7.08k%), Mexico (€3.6M or 201%), and Brazil (€1.31M or 3.55k%). In January 2024, the increase in Forging Machines's year-by-year imports was explained primarily by an increase in imports from Italy (€975k or 280%), United Kingdom (€971k or 30.8k%), and Portugal (€949k or 16.2k%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€3.68M(19.2%)

IMPORT GROWTH (January 2023 - January 2024)€6.39M(85.7%)

MAIN EXPORTER (January 2024)Guipúzcoa€16.5M

MAIN DESTINATION (January 2024)Mexico€5.55M

This section shows Forging Machines'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 Forging Machines over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$200M

IMPORTS (2022)$122M

NET TRADE (2022)$77.4M

In 2022, Spain exported $200M in Forging Machines. The main destinations of Spain exports on Forging Machines were Mexico ($35.7M), United States ($34.5M), Turkey ($23.5M), China ($10.7M), and France ($7.52M).

In 2022, Spain imported $122M in Forging Machines, mainly from Italy ($27.6M), Germany ($18.7M), Turkey ($12.4M), China ($9.84M), and Portugal ($8.46M).

Explore Visualizations