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2022
Exports $18.7MWorld Rnk 32 / 187
Flag Rnk 832 / 1214
2022
Destination $739k Portugal
2021 - 2022
FASTEST GROWING MARKET $739kItaly
2022
PRODUCT COMPLEXITY IN Opto-Electric Instrument Parts1.05Rnk 150 / 1025
2022
Imports $42.8MWorld Rnk 23 / 220
Flag Rnk 711 / 1214
2022
Origin $1.44M Germany
2021 - 2022
FASTEST GROWING ORIGIN $1.44MIndia
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $18.7M in Opto-Electric Instrument Parts, making it the 32nd largest exporter of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 832nd most exported product in Spain. The main destination of Opto-Electric Instrument Parts exports from Spain are: Portugal ($6.61M), Netherlands ($1.74M), Italy ($1.09M), France ($963k), and Germany ($619k).

The fastest growing export markets for Opto-Electric Instrument Parts of Spain between 2021 and 2022 were Italy ($739k), China ($464k), and Czechia ($319k).

Imports In 2022, Spain imported $42.8M in Opto-Electric Instrument Parts, becoming the 23rd largest importer of Opto-Electric Instrument Parts in the world. At the same year, Opto-Electric Instrument Parts was the 711th most imported product in Spain. Spain imports Opto-Electric Instrument Parts primarily from: Germany ($9.13M), Italy ($7.89M), Netherlands ($4.47M), United Kingdom ($4.03M), and France ($3.46M).

The fastest growing import markets in Opto-Electric Instrument Parts for Spain between 2021 and 2022 were India ($1.44M), Netherlands ($1.02M), and France ($940k).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Opto-Electric Instrument Parts exports accounted up to €1.2M and imports accounted up to €3.36M, resulting in a negative trade balance of €2.16M. Between June 2023 and June 2024 the exports of Spain's   Opto-Electric Instrument Parts have decreased by €-688k (-36.5%) from €1.89M to €1.2M, while imports increased by €125k (3.87%) from €3.24M to €3.36M.

Destinations In June 2024, Opto-Electric Instrument Parts were exported mostly to Portugal (€184k), Italy (€134k), France (€89.1k), Singapore (€79.2k), and Cuba (€73k), and were imported mostly from Germany (€563k), France (€451k), United States (€414k), Italy (€279k), and China (€246k).

Growth In June 2024, the decrease in Opto-Electric Instrument Parts's year-by-year exports was explained primarily by a decrease in exports to Romania (€-46.1k or -99.2%), Germany (€-40.1k or -52.4%), and Philippines (€-29.1k or -78.3%). In June 2024, the increase in Opto-Electric Instrument Parts's year-by-year imports was explained primarily by an increase in imports from Denmark (€468k or 1.31k%), United Kingdom (€194k or 164%), and Austria (€166k or 182%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-688k(-36.5%)
IMPORT GROWTH (June 2023 - June 2024)€125k(3.87%)
MAIN EXPORTER (June 2024)Barcelona€1.29M
MAIN DESTINATION (June 2024)Portugal€184k

This section shows Opto-Electric Instrument Parts'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 Opto-Electric Instrument Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$18.7M
IMPORTS (2022)$42.8M
NET TRADE (2022)-$24.1M

In 2022, Spain exported $18.7M in Opto-Electric Instrument Parts. The main destinations of Spain exports on Opto-Electric Instrument Parts were Portugal ($6.61M), Netherlands ($1.74M), Italy ($1.09M), France ($963k), and Germany ($619k).

In 2022, Spain imported $42.8M in Opto-Electric Instrument Parts, mainly from Germany ($9.13M), Italy ($7.89M), Netherlands ($4.47M), United Kingdom ($4.03M), and France ($3.46M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Opto-Electric Instrument Parts EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Italy$739k (212%)
China$464k (683%)
Czechia$319k (142%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Opto-Electric Instrument Parts BY Spain WERE (2021 - 2022):
Switzerland-$697k (-91%)
Netherlands-$645k (-27%)
Portugal-$503k (-7.07%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Opto-Electric Instrument Parts were:
United States $435M
Germany $420M
China $354M
In 2022, Spain's main importing competitors in Opto-Electric Instrument Parts were:
United States $380M
Germany $308M
Hong Kong $170M

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Trade Value of Opto-Electric Instrument Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.17M
TOP IMPORT POTENTIALChina+ $1.51M

Opto-Electric Instrument Parts’s highest export potential is France. With an export gap of $1.17M.   Opto-Electric Instrument Parts’s highest import potential is China with an import gap of $1.51M.

See methodology.

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