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2022
Exports $252MWorld Rnk 22 / 200
Flag Rnk 297 / 1214
2022
Destination $21.1M South Korea
2021 - 2022
FASTEST GROWING MARKET $21.1MSouth Korea
2022
PRODUCT COMPLEXITY IN Navigation Equipment1.03Rnk 162 / 1025
2022
Imports $429MWorld Rnk 13 / 220
Flag Rnk 208 / 1214
2022
Origin $18M Germany
2021 - 2022
FASTEST GROWING ORIGIN $18MChinese Taipei
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $252M in Navigation Equipment, making it the 22nd largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 297th most exported product in Spain. The main destination of Navigation Equipment exports from Spain are: South Korea ($31.2M), Germany ($23.7M), Ecuador ($20.5M), Vietnam ($18.3M), and Azerbaijan ($16.7M).

The fastest growing export markets for Navigation Equipment of Spain between 2021 and 2022 were South Korea ($21.1M), Vietnam ($18.3M), and Pakistan ($8.37M).

Imports In 2022, Spain imported $429M in Navigation Equipment, becoming the 13th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 208th most imported product in Spain. Spain imports Navigation Equipment primarily from: Germany ($81.9M), Poland ($66.5M), United Kingdom ($47M), France ($32.6M), and Hungary ($28.1M).

The fastest growing import markets in Navigation Equipment for Spain between 2021 and 2022 were Chinese Taipei ($18M), United Kingdom ($10.8M), and Poland ($9.98M).

COMPANIES In 2023, leading companies such as John Deere (1) were at the forefront of shipping Navigation Equipment from Spain to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Spain's Navigation Equipment exports accounted up to €12.7M and imports accounted up to €23.6M, resulting in a negative trade balance of €10.9M. Between August 2023 and August 2024 the exports of Spain's   Navigation Equipment have decreased by €-22.5M (-64%) from €35.2M to €12.7M, while imports increased by €1.31M (5.87%) from €22.3M to €23.6M.

Destinations In August 2024, Navigation Equipment were exported mostly to South Korea (€2.71M), India (€1.68M), France (€1.24M), United Kingdom (€1.05M), and United States (€790k), and were imported mostly from Germany (€5.3M), United States (€3.53M), Chinese Taipei (€2.98M), China (€2.15M), and France (€1.59M).

Growth In August 2024, the decrease in Navigation Equipment's year-by-year exports was explained primarily by a decrease in exports to Sweden (€-711k or -98.1%), Brazil (€-398k or -85%), and United States (€-211k or -29.9%). In August 2024, the increase in Navigation Equipment's year-by-year imports was explained primarily by an increase in imports from Italy (€5.59M or 981%), Chinese Taipei (€2.38M or 184%), and Germany (€1.79M or 32.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-22.5M(-64%)
IMPORT GROWTH (August 2023 - August 2024)€1.31M(5.87%)
MAIN EXPORTER (August 2024)Madrid€9.97M
MAIN DESTINATION (August 2024)South Korea€2.71M

This section shows Navigation Equipment'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 Navigation Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$252M
IMPORTS (2022)$429M
NET TRADE (2022)-$176M

In 2022, Spain exported $252M in Navigation Equipment. The main destinations of Spain exports on Navigation Equipment were South Korea ($31.2M), Germany ($23.7M), Ecuador ($20.5M), Vietnam ($18.3M), and Azerbaijan ($16.7M).

In 2022, Spain imported $429M in Navigation Equipment, mainly from Germany ($81.9M), Poland ($66.5M), United Kingdom ($47M), France ($32.6M), and Hungary ($28.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Navigation Equipment EXPORT MARKETS FOR Spain WERE (2021 - 2022):
South Korea$21.1M (208%)
Vietnam$18.3M (46k%)
Pakistan$8.37M (412%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Navigation Equipment BY Spain WERE (2021 - 2022):
Azerbaijan-$24.1M (-59%)
Italy-$10.7M (-74.6%)
Ukraine-$10.3M (-98.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Navigation Equipment were:
China $3.22B
United States $2.61B
Germany $1.95B
In 2022, Spain's main importing competitors in Navigation Equipment were:
United States $3.89B
Germany $1.74B
China $1.5B

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Trade Value of Navigation Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $10.4M
TOP IMPORT POTENTIALFrance+ $17.6M

Navigation Equipment’s highest export potential is United States. With an export gap of $10.4M.   Navigation Equipment’s highest import potential is France with an import gap of $17.6M.

See methodology.

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