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2023
Exports $1.93BWorld Rnk 15 / 199
Flag Rnk 28 / 1215
2023
Destination $187M United Kingdom
2022 - 2023
FASTEST GROWING MARKET $187MUnited Kingdom
2023
PRODUCT COMPLEXITY IN Gas Turbines0.7Rnk 283 / 1025
2023
Imports $2.94BWorld Rnk 18 / 210
Flag Rnk 19 / 1214
2023
Origin $406M United States
2022 - 2023
FASTEST GROWING ORIGIN $406MUnited States
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $1.93B in Gas Turbines, making it the 15th largest exporter of Gas Turbines in the world. At the same year, Gas Turbines was the 28th most exported product in Spain. The main destination of Gas Turbines exports from Spain are: United Kingdom ($539M), United States ($390M), Singapore ($202M), Mexico ($130M), and France ($87.1M).

The fastest growing export markets for Gas Turbines of Spain between 2022 and 2023 were United Kingdom ($187M), United States ($140M), and Qatar ($62.9M).

Imports In 2023, Spain imported $2.94B in Gas Turbines, becoming the 18th largest importer of Gas Turbines in the world. At the same year, Gas Turbines was the 19th most imported product in Spain. Spain imports Gas Turbines primarily from: United States ($1.31B), United Kingdom ($487M), France ($281M), Germany ($152M), and Singapore ($110M).

The fastest growing import markets in Gas Turbines for Spain between 2022 and 2023 were United States ($406M), France ($161M), and Ireland ($48M).

COMPANIES In 2024, leading companies such as Baxter Healthcare (1) and Vestas (1) were at the forefront of shipping Gas Turbines from Spain to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Spain's Gas Turbines exports accounted up to €264M and imports accounted up to €171M, resulting in a positive trade balance of €92.6M. Between December 2023 and December 2024 the exports of Spain's   Gas Turbines have increased by €65.3M (32.9%) from €198M to €264M, while imports decreased by €-118M (-40.7%) from €289M to €171M.

Destinations In December 2024, Gas Turbines were exported mostly to United Kingdom (€84.2M), Hong Kong (€34.3M), United States (€34.2M), United Arab Emirates (€22.6M), and Jordan (€17.4M), and were imported mostly from United States (€62.6M), Japan (€22.9M), Rest of the world (€21.3M), United Kingdom (€12.1M), and Canada (€11.6M).

Growth In December 2024, the increase in Gas Turbines's year-by-year exports was explained primarily by an increase in exports to Switzerland (€28.8M or 60.6k%), United Kingdom (€21M or 26.4%), and Kuwait (€9.4M or 4.81k%). In December 2024, the decrease in Gas Turbines's year-by-year imports was explained primarily by a decrease in imports from Chinese Taipei (€-6.72M or -99.1%), Singapore (€-4.27M or -55.9%), and Italy (€-4.11M or -46.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€65.3M(32.9%)
IMPORT GROWTH (December 2023 - December 2024)€-118M(-40.7%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)United Kingdom€84.2M

This section shows Gas Turbines'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 Gas Turbines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.93B
IMPORTS (2023)$2.94B
NET TRADE (2023)-$1.01B

In 2023, Spain exported $1.93B in Gas Turbines. The main destinations of Spain exports on Gas Turbines were United Kingdom ($539M), United States ($390M), Singapore ($202M), Mexico ($130M), and France ($87.1M).

In 2023, Spain imported $2.94B in Gas Turbines, mainly from United States ($1.31B), United Kingdom ($487M), France ($281M), Germany ($152M), and Singapore ($110M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gas Turbines EXPORT MARKETS FOR Spain WERE (2022 - 2023):
United Kingdom$187M (53.2%)
United States$140M (55.8%)
Qatar$62.9M (1.05k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gas Turbines BY Spain WERE (2022 - 2023):
Kuwait-$34.8M (-99.3%)
France-$31.9M (-26.8%)
Hong Kong-$17M (-23%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Gas Turbines were:
United States $69.3B
United Kingdom $29.1B
France $19.2B
In 2023, Spain's main importing competitors in Gas Turbines were:
United States $29.8B
Hong Kong $16.5B
Germany $14.4B

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Trade Value of Gas Turbines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $86.9M
TOP IMPORT POTENTIALFrance+ $124M

Gas Turbines’s highest export potential is United States. With an export gap of $86.9M.   Gas Turbines’s highest import potential is France with an import gap of $124M.

See methodology.

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