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2022
Exports $8.96MWorld Rnk 9 / 110
Flag Rnk 935 / 1214
2022
Destination $648k Italy
2021 - 2022
FASTEST GROWING MARKET $648kNetherlands
2022
PRODUCT COMPLEXITY IN Time Switches0.78Rnk 256 / 1025
2022
Imports $24.6MWorld Rnk 4 / 198
Flag Rnk 808 / 1214
2022
Origin $3.99M France
2021 - 2022
FASTEST GROWING ORIGIN $3.99MChina
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $8.96M in Time Switches, making it the 9th largest exporter of Time Switches in the world. At the same year, Time Switches was the 935th most exported product in Spain. The main destination of Time Switches exports from Spain are: Italy ($2.36M), Portugal ($1.39M), Netherlands ($730k), United Kingdom ($529k), and Germany ($475k).

The fastest growing export markets for Time Switches of Spain between 2021 and 2022 were Netherlands ($648k), Hungary ($257k), and Poland ($122k).

Imports In 2022, Spain imported $24.6M in Time Switches, becoming the 4th largest importer of Time Switches in the world. At the same year, Time Switches was the 808th most imported product in Spain. Spain imports Time Switches primarily from: France ($9.45M), China ($7.16M), Germany ($2.17M), Italy ($2.01M), and Hungary ($1.81M).

The fastest growing import markets in Time Switches for Spain between 2021 and 2022 were China ($3.99M), United States ($296k), and Tunisia ($265k).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Time Switches exports accounted up to €654k and imports accounted up to €1.79M, resulting in a negative trade balance of €1.13M. Between June 2023 and June 2024 the exports of Spain's   Time Switches have decreased by €-34.4k (-4.99%) from €689k to €654k, while imports decreased by €-632k (-26.1%) from €2.42M to €1.79M.

Destinations In June 2024, Time Switches were exported mostly to Portugal (€284k), France (€87.5k), Italy (€72.5k), United Kingdom (€55.7k), and Germany (€17.9k), and were imported mostly from France (€760k), China (€444k), Poland (€216k), Germany (€129k), and Hungary (€116k).

Growth In June 2024, the decrease in Time Switches's year-by-year exports was explained primarily by a decrease in exports to Slovenia (€-27.4k or -69.1%), Norway (€-19.7k or -85.2%), and France (€-10.8k or -63.2%). In June 2024, the decrease in Time Switches's year-by-year imports was explained primarily by a decrease in imports from France (€-108k or -28.6%), Poland (€-37.5k or -42.9%), and Netherlands (€-7.98k or -75.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-34.4k(-4.99%)
IMPORT GROWTH (June 2023 - June 2024)€-632k(-26.1%)
MAIN EXPORTER (June 2024)Madrid€552k
MAIN DESTINATION (June 2024)Portugal€284k

This section shows Time Switches'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 Time Switches over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$8.96M
IMPORTS (2022)$24.6M
NET TRADE (2022)-$15.7M

In 2022, Spain exported $8.96M in Time Switches. The main destinations of Spain exports on Time Switches were Italy ($2.36M), Portugal ($1.39M), Netherlands ($730k), United Kingdom ($529k), and Germany ($475k).

In 2022, Spain imported $24.6M in Time Switches, mainly from France ($9.45M), China ($7.16M), Germany ($2.17M), Italy ($2.01M), and Hungary ($1.81M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Time Switches EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Netherlands$648k (787%)
Hungary$257k (1.46k%)
Poland$122k (85.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Time Switches BY Spain WERE (2021 - 2022):
Italy-$249k (-9.54%)
Egypt-$175k (-81%)
Portugal-$95.5k (-6.43%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Time Switches were:
China $165M
Mexico $92M
France $43.8M
In 2022, Spain's main importing competitors in Time Switches were:
United States $107M
France $42M
Germany $25.1M

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Trade Value of Time Switches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $354k
TOP IMPORT POTENTIALChina+ $577k

Time Switches’s highest export potential is France. With an export gap of $354k.   Time Switches’s highest import potential is China with an import gap of $577k.

See methodology.

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