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2022
Exports $1.07BWorld Rnk 22 / 216
Flag Rnk 70 / 1214
2022
Destination $41.1M United States
2021 - 2022
FASTEST GROWING MARKET $41.1MUnited States
2022
PRODUCT COMPLEXITY IN Machinery Having Individual Functions1.9Rnk 10 / 1025
2022
Imports $1.54BWorld Rnk 24 / 225
Flag Rnk 62 / 1214
2022
Origin $42.2M Germany
2021 - 2022
FASTEST GROWING ORIGIN $42.2MFinland
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $1.07B in Machinery Having Individual Functions, making it the 22nd largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 70th most exported product in Spain. The main destination of Machinery Having Individual Functions exports from Spain are: United States ($135M), Portugal ($119M), France ($117M), Germany ($83.6M), and Italy ($61.9M).

The fastest growing export markets for Machinery Having Individual Functions of Spain between 2021 and 2022 were United States ($41.1M), Turkey ($18.7M), and Portugal ($14.5M).

Imports In 2022, Spain imported $1.54B in Machinery Having Individual Functions, becoming the 24th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 62nd most imported product in Spain. Spain imports Machinery Having Individual Functions primarily from: Germany ($472M), Italy ($243M), China ($119M), France ($86.6M), and Finland ($67.2M).

The fastest growing import markets in Machinery Having Individual Functions for Spain between 2021 and 2022 were Finland ($42.2M), France ($28.1M), and China ($21.1M).

COMPANIES In 2023, leading companies such as Cosentino (4), Pirelli Tires (2), and Emser Tile (1) were at the forefront of shipping Machinery Having Individual Functions from Spain to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Spain's Machinery Having Individual Functions exports accounted up to €65.7M and imports accounted up to €85.8M, resulting in a negative trade balance of €20.1M. Between August 2023 and August 2024 the exports of Spain's   Machinery Having Individual Functions have decreased by €-396k (-0.6%) from €66.1M to €65.7M, while imports increased by €6M (7.51%) from €79.8M to €85.8M.

Destinations In August 2024, Machinery Having Individual Functions were exported mostly to Portugal (€12.7M), Mexico (€7.89M), United States (€6.29M), France (€4.94M), and Germany (€3.06M), and were imported mostly from Germany (€28.4M), China (€19.4M), Italy (€9.09M), France (€4.13M), and Netherlands (€2.58M).

Growth In August 2024, the decrease in Machinery Having Individual Functions's year-by-year exports was explained primarily by a decrease in exports to Brazil (€-1.67M or -62.7%), Morocco (€-1.15M or -40.7%), and Egypt (€-680k or -90.5%). In August 2024, the increase in Machinery Having Individual Functions's year-by-year imports was explained primarily by an increase in imports from Germany (€6.72M or 40.3%), China (€5.98M or 74.9%), and Italy (€2.38M or 23%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-396k(-0.6%)
IMPORT GROWTH (August 2023 - August 2024)€6M(7.51%)
MAIN EXPORTER (August 2024)Barcelona€29.4M
MAIN DESTINATION (August 2024)Portugal€12.7M

This section shows Machinery Having Individual Functions'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 Machinery Having Individual Functions over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.07B
IMPORTS (2022)$1.54B
NET TRADE (2022)-$465M

In 2022, Spain exported $1.07B in Machinery Having Individual Functions. The main destinations of Spain exports on Machinery Having Individual Functions were United States ($135M), Portugal ($119M), France ($117M), Germany ($83.6M), and Italy ($61.9M).

In 2022, Spain imported $1.54B in Machinery Having Individual Functions, mainly from Germany ($472M), Italy ($243M), China ($119M), France ($86.6M), and Finland ($67.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Spain WERE (2021 - 2022):
United States$41.1M (43.8%)
Turkey$18.7M (110%)
Portugal$14.5M (13.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Spain WERE (2021 - 2022):
Germany-$15.5M (-15.6%)
Morocco-$14.9M (-31.1%)
China-$10.3M (-46.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Machinery Having Individual Functions were:
Japan $38.5B
United States $33.1B
Germany $20.9B
In 2022, Spain's main importing competitors in Machinery Having Individual Functions were:
China $40.8B
United States $26B
South Korea $22.1B

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Trade Value of Machinery Having Individual Functions by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $60.1M
TOP IMPORT POTENTIALChina+ $67.5M

Machinery Having Individual Functions’s highest export potential is United States. With an export gap of $60.1M.   Machinery Having Individual Functions’s highest import potential is China with an import gap of $67.5M.

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