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2022
Exports $65.2MWorld Rnk 24 / 206
Flag Rnk 585 / 1214
2022
Destination $1.09M Portugal
2021 - 2022
FASTEST GROWING MARKET $1.09MCzechia
2022
PRODUCT COMPLEXITY IN Motor-working Tools1.33Rnk 88 / 1025
2022
Imports $178MWorld Rnk 18 / 224
Flag Rnk 394 / 1214
2022
Origin $3.48M China
2021 - 2022
FASTEST GROWING ORIGIN $3.48MPoland
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $65.2M in Motor-working Tools, making it the 24th largest exporter of Motor-working Tools in the world. At the same year, Motor-working Tools was the 585th most exported product in Spain. The main destination of Motor-working Tools exports from Spain are: Portugal ($21.9M), France ($9.93M), Italy ($5.06M), Germany ($2.52M), and Morocco ($1.9M).

The fastest growing export markets for Motor-working Tools of Spain between 2021 and 2022 were Czechia ($1.09M), Italy ($941k), and Finland ($749k).

Imports In 2022, Spain imported $178M in Motor-working Tools, becoming the 18th largest importer of Motor-working Tools in the world. At the same year, Motor-working Tools was the 394th most imported product in Spain. Spain imports Motor-working Tools primarily from: China ($54.5M), Germany ($42.2M), United States ($10.8M), Italy ($9.47M), and Sweden ($9.39M).

The fastest growing import markets in Motor-working Tools for Spain between 2021 and 2022 were Poland ($3.48M), Netherlands ($1.11M), and United Kingdom ($666k).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Motor-working Tools exports accounted up to €14.2M and imports accounted up to €39.4M, resulting in a negative trade balance of €25.2M. Between June 2023 and June 2024 the exports of Spain's   Motor-working Tools have increased by €17.8k (0.13%) from €14.1M to €14.2M, while imports decreased by €-1.14M (-2.82%) from €40.5M to €39.4M.

Destinations In June 2024, Motor-working Tools were exported mostly to Portugal (€5.09M), France (€2.06M), Italy (€1.67M), Germany (€1.57M), and Poland (€568k), and were imported mostly from China (€17.3M), Germany (€8.53M), Italy (€1.6M), Hungary (€1.53M), and Romania (€1.51M).

Growth In June 2024, the increase in Motor-working Tools's year-by-year exports was explained primarily by an increase in exports to Italy (€7.74M or 285%), France (€2.65M or 37.1%), and Dominican Republic (€191k or 32.2k%). In June 2024, the decrease in Motor-working Tools's year-by-year imports was explained primarily by a decrease in imports from Belgium (€-1.68M or -97.9%), Romania (€-1.4M or -89.3%), and Sweden (€-1.19M or -76.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€17.8k(0.13%)
IMPORT GROWTH (June 2023 - June 2024)€-1.14M(-2.82%)
MAIN EXPORTER (June 2024)Barcelona€9.87M
MAIN DESTINATION (June 2024)Portugal€5.09M

This section shows Motor-working Tools'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 Motor-working Tools over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$65.2M
IMPORTS (2022)$178M
NET TRADE (2022)-$113M

In 2022, Spain exported $65.2M in Motor-working Tools. The main destinations of Spain exports on Motor-working Tools were Portugal ($21.9M), France ($9.93M), Italy ($5.06M), Germany ($2.52M), and Morocco ($1.9M).

In 2022, Spain imported $178M in Motor-working Tools, mainly from China ($54.5M), Germany ($42.2M), United States ($10.8M), Italy ($9.47M), and Sweden ($9.39M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor-working Tools EXPORT MARKETS FOR Spain WERE (2021 - 2022):
Czechia$1.09M (200%)
Italy$941k (22.8%)
Finland$749k (424%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor-working Tools BY Spain WERE (2021 - 2022):
Portugal-$3.26M (-12.9%)
Germany-$1.84M (-42.1%)
Poland-$909k (-46.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Motor-working Tools were:
China $3.37B
Germany $1.3B
Chinese Taipei $897M
In 2022, Spain's main importing competitors in Motor-working Tools were:
United States $1.76B
Germany $581M
France $454M

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Trade Value of Motor-working Tools by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $14M
TOP IMPORT POTENTIALChina+ $29.6M

Motor-working Tools’s highest export potential is Germany. With an export gap of $14M.   Motor-working Tools’s highest import potential is China with an import gap of $29.6M.

See methodology.

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