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Pricing

2022
Exports $87.3MWorld Rnk 19 / 182
Flag Rnk 520 / 1214
2022
Destination $6.35M Germany
2021 - 2022
FASTEST GROWING MARKET $6.35MGermany
2022
PRODUCT COMPLEXITY IN Electromagnets1.02Rnk 163 / 1025
2022
Imports $130MWorld Rnk 23 / 216
Flag Rnk 462 / 1214
2022
Origin $17.8M China
2021 - 2022
FASTEST GROWING ORIGIN $17.8MChina
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $87.3M in Electromagnets, making it the 19th largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 520th most exported product in Spain. The main destination of Electromagnets exports from Spain are: Germany ($29.6M), France ($11.7M), Italy ($8.64M), Morocco ($8.56M), and Portugal ($3.97M).

The fastest growing export markets for Electromagnets of Spain between 2021 and 2022 were Germany ($6.35M), France ($3.56M), and Italy ($3.16M).

Imports In 2022, Spain imported $130M in Electromagnets, becoming the 23rd largest importer of Electromagnets in the world. At the same year, Electromagnets was the 462nd most imported product in Spain. Spain imports Electromagnets primarily from: China ($64.4M), Germany ($27.2M), Italy ($11.8M), France ($7.2M), and Netherlands ($5.71M).

The fastest growing import markets in Electromagnets for Spain between 2021 and 2022 were China ($17.8M), Netherlands ($2.09M), and Poland ($849k).

COMPANIES In 2023, leading companies such as TE Connectivity (1) were at the forefront of shipping Electromagnets from Spain to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Spain's Electromagnets exports accounted up to €5.34M and imports accounted up to €6.75M, resulting in a negative trade balance of €1.41M. Between June 2023 and June 2024 the exports of Spain's   Electromagnets have decreased by €-1.24M (-18.8%) from €6.58M to €5.34M, while imports decreased by €-2.37M (-26%) from €9.12M to €6.75M.

Destinations In June 2024, Electromagnets were exported mostly to Germany (€1.68M), France (€656k), Italy (€463k), Morocco (€429k), and United Kingdom (€274k), and were imported mostly from China (€3.37M), Germany (€1.26M), Italy (€662k), France (€461k), and United States (€131k).

Growth In June 2024, the decrease in Electromagnets's year-by-year exports was explained primarily by a decrease in exports to Germany (€-4.17M or -61.1%), Egypt (€-11.8k or -93.3%), and Finland (€-11.2k or -32%). In June 2024, the decrease in Electromagnets's year-by-year imports was explained primarily by a decrease in imports from Vietnam (€-125k or -99%), United States (€-96.5k or -63.4%), and Chinese Taipei (€-58.4k or -96.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-1.24M(-18.8%)
IMPORT GROWTH (June 2023 - June 2024)€-2.37M(-26%)
MAIN EXPORTER (June 2024)Madrid€2.74M
MAIN DESTINATION (June 2024)Germany€1.68M

This section shows Electromagnets'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 Electromagnets over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$87.3M
IMPORTS (2022)$130M
NET TRADE (2022)-$43M

In 2022, Spain exported $87.3M in Electromagnets. The main destinations of Spain exports on Electromagnets were Germany ($29.6M), France ($11.7M), Italy ($8.64M), Morocco ($8.56M), and Portugal ($3.97M).

In 2022, Spain imported $130M in Electromagnets, mainly from China ($64.4M), Germany ($27.2M), Italy ($11.8M), France ($7.2M), and Netherlands ($5.71M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Germany$6.35M (27.3%)
France$3.56M (43.6%)
Italy$3.16M (57.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Spain WERE (2021 - 2022):
Turkey-$1.75M (-82.7%)
Brazil-$1.58M (-65.8%)
Denmark-$608k (-55.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Spain's main importing competitors in Electromagnets were:
Germany $1.58B
United States $1.51B
Japan $1.04B

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $4.14M
TOP IMPORT POTENTIALChina+ $12M

Electromagnets’s highest export potential is France. With an export gap of $4.14M.   Electromagnets’s highest import potential is China with an import gap of $12M.

See methodology.

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