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2023
Exports $57MWorld Rnk 27 / 165
Flag Rnk 610 / 1215
2023
Destination $2.31M United Kingdom
2022 - 2023
FASTEST GROWING MARKET $2.31MChina
2023
PRODUCT COMPLEXITY IN Hydrogen-0.073Rnk 582 / 1025
2023
Imports $94.7MWorld Rnk 25 / 217
Flag Rnk 521 / 1214
2023
Origin $9.57M Algeria
2022 - 2023
FASTEST GROWING ORIGIN $9.57MNorway
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $57M in Hydrogen, making it the 27th largest exporter of Hydrogen in the world. At the same year, Hydrogen was the 610th most exported product in Spain. The main destination of Hydrogen exports from Spain are: United Kingdom ($17.9M), Portugal ($16.2M), France ($9.26M), Italy ($2.66M), and China ($2.33M).

The fastest growing export markets for Hydrogen of Spain between 2022 and 2023 were China ($2.31M), Netherlands ($1.06M), and France ($538k).

Imports In 2023, Spain imported $94.7M in Hydrogen, becoming the 25th largest importer of Hydrogen in the world. At the same year, Hydrogen was the 521st most imported product in Spain. Spain imports Hydrogen primarily from: Algeria ($19.2M), China ($14M), Norway ($10.4M), Germany ($8.84M), and Netherlands ($7.66M).

The fastest growing import markets in Hydrogen for Spain between 2022 and 2023 were Norway ($9.57M), Algeria ($5.14M), and Germany ($3.26M).

Latest Trends

December 2024

About

Overview In December 2024 Spain's Hydrogen exports accounted up to €5.13M and imports accounted up to €5.5M, resulting in a negative trade balance of €372k. Between December 2023 and December 2024 the exports of Spain's   Hydrogen have decreased by €-3.49M (-40.4%) from €8.62M to €5.13M, while imports decreased by €-627k (-10.2%) from €6.13M to €5.5M.

Destinations In December 2024, Hydrogen were exported mostly to Germany (€1.45M), Portugal (€1.26M), United Kingdom (€794k), Morocco (€491k), and Italy (€444k), and were imported mostly from Algeria (€1.5M), China (€1.02M), United Arab Emirates (€422k), Germany (€365k), and Portugal (€298k).

Growth In December 2024, the decrease in Hydrogen's year-by-year exports was explained primarily by a decrease in exports to United States (€-58.7k or -94.2%), France (€-39.1k or -10.4%), and Portugal (€-35.3k or -2.77%). In December 2024, the decrease in Hydrogen's year-by-year imports was explained primarily by a decrease in imports from China (€-1.99M or -93.3%), Netherlands (€-1.11M or -78.1%), and Malaysia (€-434k or -71.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€-3.49M(-40.4%)
IMPORT GROWTH (December 2023 - December 2024)€-627k(-10.2%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)Germany€1.45M

This section shows Hydrogen'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 Hydrogen over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$57M
IMPORTS (2023)$94.7M
NET TRADE (2023)-$37.7M

In 2023, Spain exported $57M in Hydrogen. The main destinations of Spain exports on Hydrogen were United Kingdom ($17.9M), Portugal ($16.2M), France ($9.26M), Italy ($2.66M), and China ($2.33M).

In 2023, Spain imported $94.7M in Hydrogen, mainly from Algeria ($19.2M), China ($14M), Norway ($10.4M), Germany ($8.84M), and Netherlands ($7.66M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hydrogen EXPORT MARKETS FOR Spain WERE (2022 - 2023):
China$2.31M (13.2k%)
Netherlands$1.06M (226%)
France$538k (6.16%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydrogen BY Spain WERE (2022 - 2023):
United Kingdom-$49.8M (-73.5%)
Italy-$7.31M (-73.3%)
Germany-$2.7M (-66.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Hydrogen were:
United States $2.15B
Germany $1.95B
China $1.93B
In 2023, Spain's main importing competitors in Hydrogen were:
China $2.1B
Japan $1.45B
Germany $1.27B

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Trade Value of Hydrogen by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $5.68M
TOP IMPORT POTENTIALChina+ $8.57M

Hydrogen’s highest export potential is France. With an export gap of $5.68M.   Hydrogen’s highest import potential is China with an import gap of $8.57M.

See methodology.

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