2023
Exports
$2.4MWorld Rnk 16 / 114
Flag Rnk 1078 / 1215
2023
PRODUCT COMPLEXITY IN Watch Movements
1.63Rnk 29 / 1025
2023
Imports
$5.4MWorld Rnk 19 / 175
Flag Rnk 1058 / 1214
2023
ECONOMIC COMPLEXITY of Spain
0.86Rnk 31 / 132

About

Exports In 2023, Spain exported $2.4M in Watch Movements, making it the 16th largest exporter of Watch Movements in the world. At the same year, Watch Movements was the 1078th most exported product in Spain. The main destination of Watch Movements exports from Spain are: Belgium ($875k), Netherlands ($754k), Switzerland ($198k), Hong Kong ($193k), and Nigeria ($153k).

The fastest growing export markets for Watch Movements of Spain between 2022 and 2023 were Nigeria ($152k), Switzerland ($39.1k), and Hong Kong ($28.4k).

Imports In 2023, Spain imported $5.4M in Watch Movements, becoming the 19th largest importer of Watch Movements in the world. At the same year, Watch Movements was the 1058th most imported product in Spain. Spain imports Watch Movements primarily from: Switzerland ($3.45M), Belgium ($554k), China ($450k), Netherlands ($344k), and Germany ($120k).

The fastest growing import markets in Watch Movements for Spain between 2022 and 2023 were Switzerland ($405k), Belgium ($354k), and Lithuania ($115k).

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€5.14k(11.2%)
IMPORT GROWTH (October 2023 - October 2024)€-93.8k(-20.3%)
MAIN EXPORTER (October 2024)
MAIN DESTINATION (October 2024)

This section shows Watch Movements'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 Watch Movements over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.4M
IMPORTS (2023)$5.4M
NET TRADE (2023)-$3M

In 2023, Spain exported $2.4M in Watch Movements. The main destinations of Spain exports on Watch Movements were Belgium ($875k), Netherlands ($754k), Switzerland ($198k), Hong Kong ($193k), and Nigeria ($153k).

In 2023, Spain imported $5.4M in Watch Movements, mainly from Switzerland ($3.45M), Belgium ($554k), China ($450k), Netherlands ($344k), and Germany ($120k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Watch Movements EXPORT MARKETS FOR Spain WERE (2022 - 2023):
Nigeria$152k (12.4k%)
Switzerland$39.1k (24.6%)
Hong Kong$28.4k (17.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Watch Movements BY Spain WERE (2022 - 2023):
Netherlands-$435k (-36.6%)
Belgium-$362k (-29.3%)
France-$223k (-67.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Spain's main exporting competitors in Watch Movements were:
In 2023, Spain's main importing competitors in Watch Movements were:

Explore Visualizations

Trade Value of Watch Movements by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $151k
TOP IMPORT POTENTIALChina+ $207k

Watch Movements’s highest export potential is France. With an export gap of $151k.   Watch Movements’s highest import potential is China with an import gap of $207k.

See methodology.

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