2023
Exports
$1.15BWorld Rnk 21 / 219
Flag Rnk 63 / 1215
2023
PRODUCT COMPLEXITY IN Machinery Having Individual Functions
1.86Rnk 6 / 1025
2023
Imports
$1.45BWorld Rnk 26 / 226
Flag Rnk 63 / 1214
2023
ECONOMIC COMPLEXITY of Spain
0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $1.15B in Machinery Having Individual Functions, making it the 21st largest exporter of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 63rd most exported product in Spain. The main destination of Machinery Having Individual Functions exports from Spain are: Portugal ($148M), United States ($117M), France ($87.4M), Germany ($72M), and Italy ($66.2M).

The fastest growing export markets for Machinery Having Individual Functions of Spain between 2022 and 2023 were Morocco ($31M), United Kingdom ($23.6M), and Peru ($13.9M).

Imports In 2023, Spain imported $1.45B in Machinery Having Individual Functions, becoming the 26th largest importer of Machinery Having Individual Functions in the world. At the same year, Machinery Having Individual Functions was the 63rd most imported product in Spain. Spain imports Machinery Having Individual Functions primarily from: Germany ($495M), Italy ($183M), China ($164M), France ($71.6M), and Czechia ($54.7M).

The fastest growing import markets in Machinery Having Individual Functions for Spain between 2022 and 2023 were Germany ($131M), China ($30.2M), and Finland ($21M).

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

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-165k(-0.18%)
IMPORT GROWTH (November 2023 - November 2024)€-17.1M(-14%)
MAIN EXPORTER (November 2024)Barcelona€37M
MAIN DESTINATION (November 2024)Portugal€12.2M

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 (2023)$1.15B
IMPORTS (2023)$1.45B
NET TRADE (2023)-$302M

In 2023, Spain exported $1.15B in Machinery Having Individual Functions. The main destinations of Spain exports on Machinery Having Individual Functions were Portugal ($148M), United States ($117M), France ($87.4M), Germany ($72M), and Italy ($66.2M).

In 2023, Spain imported $1.45B in Machinery Having Individual Functions, mainly from Germany ($495M), Italy ($183M), China ($164M), France ($71.6M), and Czechia ($54.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Machinery Having Individual Functions EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Morocco$31M (111%)
United Kingdom$23.6M (66.3%)
Peru$13.9M (634%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Machinery Having Individual Functions BY Spain WERE (2022 - 2023):
France-$46.6M (-34.8%)
United States-$19.3M (-14.1%)
Mexico-$13.7M (-19.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Machinery Having Individual Functions were:
In 2023, Spain's main importing competitors in Machinery Having Individual Functions were:

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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.

See methodology.

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