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2022
Exports $15.2MWorld Rnk 21 / 175
Flag Rnk 857 / 1214
2022
Destination $1.43M Portugal
2021 - 2022
FASTEST GROWING MARKET $1.43MFrance
2022
PRODUCT COMPLEXITY IN Sound Recording Equipment0.32Rnk 439 / 1025
2022
Imports $81MWorld Rnk 10 / 209
Flag Rnk 575 / 1214
2022
Origin $23.6M China
2021 - 2022
FASTEST GROWING ORIGIN $23.6MChina
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $15.2M in Sound Recording Equipment, making it the 21st largest exporter of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 857th most exported product in Spain. The main destination of Sound Recording Equipment exports from Spain are: Portugal ($3.93M), France ($2.99M), Italy ($1.79M), Germany ($1.14M), and United States ($887k).

The fastest growing export markets for Sound Recording Equipment of Spain between 2021 and 2022 were France ($1.43M), Portugal ($1.04M), and Italy ($608k).

Imports In 2022, Spain imported $81M in Sound Recording Equipment, becoming the 10th largest importer of Sound Recording Equipment in the world. At the same year, Sound Recording Equipment was the 575th most imported product in Spain. Spain imports Sound Recording Equipment primarily from: China ($39.2M), Netherlands ($16.2M), Germany ($6.43M), Italy ($3.93M), and Vietnam ($3.19M).

The fastest growing import markets in Sound Recording Equipment for Spain between 2021 and 2022 were China ($23.6M), Netherlands ($9.18M), and Germany ($3.08M).

COMPANIES In 2023, leading companies such as John Deere (4) were at the forefront of shipping Sound Recording Equipment from Spain to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Spain's Sound Recording Equipment exports accounted up to €968k and imports accounted up to €4.25M, resulting in a negative trade balance of €3.28M. Between June 2023 and June 2024 the exports of Spain's   Sound Recording Equipment have decreased by €-973k (-50.1%) from €1.94M to €968k, while imports increased by €1.19M (38.9%) from €3.06M to €4.25M.

Destinations In June 2024, Sound Recording Equipment were exported mostly to France (€359k), Portugal (€220k), Italy (€84k), Germany (€75.2k), and United States (€42.6k), and were imported mostly from China (€1.92M), Netherlands (€1.06M), Vietnam (€254k), Germany (€168k), and Malaysia (€159k).

Growth In June 2024, the decrease in Sound Recording Equipment's year-by-year exports was explained primarily by a decrease in exports to France (€-669k or -82.1%), Morocco (€-44.8k or -98.2%), and Ireland (€-44.7k or -90.1%). In June 2024, the increase in Sound Recording Equipment's year-by-year imports was explained primarily by an increase in imports from South Korea (€283k or 6.62k%), Germany (€77.7k or 52.5%), and Vietnam (€57.5k or 45%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-973k(-50.1%)
IMPORT GROWTH (June 2023 - June 2024)€1.19M(38.9%)
MAIN EXPORTER (June 2024)Madrid€988k
MAIN DESTINATION (June 2024)France€359k

This section shows Sound Recording 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 Sound Recording Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15.2M
IMPORTS (2022)$81M
NET TRADE (2022)-$65.8M

In 2022, Spain exported $15.2M in Sound Recording Equipment. The main destinations of Spain exports on Sound Recording Equipment were Portugal ($3.93M), France ($2.99M), Italy ($1.79M), Germany ($1.14M), and United States ($887k).

In 2022, Spain imported $81M in Sound Recording Equipment, mainly from China ($39.2M), Netherlands ($16.2M), Germany ($6.43M), Italy ($3.93M), and Vietnam ($3.19M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sound Recording Equipment EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$1.43M (91.6%)
Portugal$1.04M (36.1%)
Italy$608k (51.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sound Recording Equipment BY Spain WERE (2021 - 2022):
Morocco-$142k (-33.3%)
Sweden-$67.7k (-59.5%)
Israel-$54.6k (-74.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Sound Recording Equipment were:
China $2.17B
Netherlands $332M
Vietnam $211M
In 2022, Spain's main importing competitors in Sound Recording Equipment were:
United States $1.01B
Germany $425M
Netherlands $324M

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Trade Value of Sound Recording Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.24M
TOP IMPORT POTENTIALChina+ $1.64M

Sound Recording Equipment’s highest export potential is France. With an export gap of $1.24M.   Sound Recording Equipment’s highest import potential is China with an import gap of $1.64M.

See methodology.

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