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2023
Exports $205MWorld Rnk 6 / 154
Flag Rnk 338 / 1215
2023
Destination $18.4M Germany
2022 - 2023
FASTEST GROWING MARKET $18.4MSaudi Arabia
2023
PRODUCT COMPLEXITY IN Industrial Furnaces0.99Rnk 180 / 1025
2023
Imports $76.8MWorld Rnk 23 / 213
Flag Rnk 571 / 1214
2023
Origin $20.6M Germany
2022 - 2023
FASTEST GROWING ORIGIN $20.6MGermany
2023
ECONOMIC COMPLEXITY of Spain0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $205M in Industrial Furnaces, making it the 6th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 338th most exported product in Spain. The main destination of Industrial Furnaces exports from Spain are: Germany ($31.3M), China ($26.3M), Saudi Arabia ($22.8M), Mexico ($13.2M), and Iran ($12.3M).

The fastest growing export markets for Industrial Furnaces of Spain between 2022 and 2023 were Saudi Arabia ($18.4M), China ($17M), and Argentina ($11.3M).

Imports In 2023, Spain imported $76.8M in Industrial Furnaces, becoming the 23rd largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 571st most imported product in Spain. Spain imports Industrial Furnaces primarily from: Germany ($36.4M), Italy ($15.1M), France ($3.78M), United Kingdom ($2.42M), and China ($2.07M).

The fastest growing import markets in Industrial Furnaces for Spain between 2022 and 2023 were Germany ($20.6M), Sweden ($1.61M), and Thailand ($1.59M).

COMPANIES In 2024, leading companies such as Goya Foods (1) were at the forefront of shipping Industrial Furnaces from Spain to the United States.

Latest Trends

December 2024

About

Overview In December 2024 Spain's Industrial Furnaces exports accounted up to €11.5M and imports accounted up to €10.7M, resulting in a positive trade balance of €767k. Between December 2023 and December 2024 the exports of Spain's   Industrial Furnaces have decreased by €-4.06M (-26.1%) from €15.6M to €11.5M, while imports increased by €2.25M (26.5%) from €8.5M to €10.7M.

Destinations In December 2024, Industrial Furnaces were exported mostly to China (€2.71M), United States (€2.58M), Mexico (€2.32M), Belgium (€878k), and France (€574k), and were imported mostly from Italy (€5.84M), Canada (€1.7M), Rest of the world (€676k), France (€604k), and Portugal (€572k).

Growth In December 2024, the decrease in Industrial Furnaces's year-by-year exports was explained primarily by a decrease in exports to United States (€-4.35M or -77.8%), Saudi Arabia (€-2.4M or -98.6%), and France (€-663k or -26.1%). In December 2024, the increase in Industrial Furnaces's year-by-year imports was explained primarily by an increase in imports from France (€1.82M or 679%), Germany (€631k or 69.7%), and Sweden (€437k or 19.5k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (December 2023 - December 2024)€-4.06M(-26.1%)
IMPORT GROWTH (December 2023 - December 2024)€2.25M(26.5%)
MAIN EXPORTER (December 2024)
MAIN DESTINATION (December 2024)China€2.71M

This section shows Industrial Furnaces'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 Industrial Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$205M
IMPORTS (2023)$76.8M
NET TRADE (2023)$128M

In 2023, Spain exported $205M in Industrial Furnaces. The main destinations of Spain exports on Industrial Furnaces were Germany ($31.3M), China ($26.3M), Saudi Arabia ($22.8M), Mexico ($13.2M), and Iran ($12.3M).

In 2023, Spain imported $76.8M in Industrial Furnaces, mainly from Germany ($36.4M), Italy ($15.1M), France ($3.78M), United Kingdom ($2.42M), and China ($2.07M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Saudi Arabia$18.4M (410%)
China$17M (183%)
Argentina$11.3M (5.94k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Spain WERE (2022 - 2023):
Iran-$23.2M (-65.3%)
Russia-$15.5M (-100%)
Brazil-$8.66M (-68.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Industrial Furnaces were:
China $2B
Germany $701M
Italy $631M
In 2023, Spain's main importing competitors in Industrial Furnaces were:
United States $442M
India $348M
Indonesia $325M

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $4.08M
TOP IMPORT POTENTIALChina+ $3.62M

Industrial Furnaces’s highest export potential is France. With an export gap of $4.08M.   Industrial Furnaces’s highest import potential is China with an import gap of $3.62M.

See methodology.

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