2022
Exports
$196MWorld Rnk 5 / 158
Flag Rnk 348 / 1214
2022
PRODUCT COMPLEXITY IN Industrial Furnaces
0.84Rnk 229 / 1025
2022
Imports
$96.2MWorld Rnk 17 / 213
Flag Rnk 532 / 1214
2022
ECONOMIC COMPLEXITY of Spain
0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $196M in Industrial Furnaces, making it the 5th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 348th most exported product in Spain. The main destination of Industrial Furnaces exports from Spain are: Iran ($41.1M), Mexico ($17.8M), Russia ($15.5M), United States ($14.7M), and France ($11.8M).

The fastest growing export markets for Industrial Furnaces of Spain between 2021 and 2022 were Iran ($18.3M), Russia ($9.78M), and France ($7.44M).

Imports In 2022, Spain imported $96.2M in Industrial Furnaces, becoming the 17th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 532nd most imported product in Spain. Spain imports Industrial Furnaces primarily from: Italy ($56.5M), Germany ($11.9M), Netherlands ($3.43M), Finland ($3.29M), and United States ($3.13M).

The fastest growing import markets in Industrial Furnaces for Spain between 2021 and 2022 were Italy ($18.6M), Finland ($3.22M), and Netherlands ($2.89M).

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€645k(6.21%)
IMPORT GROWTH (August 2023 - August 2024)€301k(11%)
MAIN EXPORTER (August 2024)Navarra€19.6M
MAIN DESTINATION (August 2024)Mexico€2.91M

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 (2022)$196M
IMPORTS (2022)$96.2M
NET TRADE (2022)$99.7M

In 2022, Spain exported $196M in Industrial Furnaces. The main destinations of Spain exports on Industrial Furnaces were Iran ($41.1M), Mexico ($17.8M), Russia ($15.5M), United States ($14.7M), and France ($11.8M).

In 2022, Spain imported $96.2M in Industrial Furnaces, mainly from Italy ($56.5M), Germany ($11.9M), Netherlands ($3.43M), Finland ($3.29M), and United States ($3.13M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Iran$18.3M (80%)
Russia$9.78M (172%)
France$7.44M (170%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Spain WERE (2021 - 2022):
Mexico-$11M (-38.3%)
United States-$9.91M (-40.2%)
Malaysia-$5.04M (-92.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Industrial Furnaces were:
China $1.77B
Italy $645M
In 2022, Spain's main importing competitors in Industrial Furnaces were:

Explore Visualizations

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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