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2022
Exports $481MWorld Rnk 16 / 186
Flag Rnk 184 / 1214
falsefalse Morocco
2022
PRODUCT COMPLEXITY IN Combustion Engines1.13Rnk 126 / 1025
2022
Imports $1.39BWorld Rnk 7 / 220
Flag Rnk 69 / 1214
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $481M in Combustion Engines, making it the 16th largest exporter of Combustion Engines in the world. At the same year, Combustion Engines was the 184th most exported product in Spain. The main destination of Combustion Engines exports from Spain are: Morocco ($127M), Turkey ($111M), Romania ($88M), France ($41.4M), and Hungary ($37.4M).

Imports In 2022, Spain imported $1.39B in Combustion Engines, becoming the 7th largest importer of Combustion Engines in the world. At the same year, Combustion Engines was the 69th most imported product in Spain. Spain imports Combustion Engines primarily from: France ($605M), Germany ($208M), United Kingdom ($190M), Italy ($172M), and Poland ($60.5M).

The fastest growing import markets in Combustion Engines for Spain between 2021 and 2022 were United Kingdom ($25.2M), Japan ($12.2M), and Netherlands ($7.94M).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Combustion Engines exports accounted up to €38.1M and imports accounted up to €134M, resulting in a negative trade balance of €95.4M. Between June 2023 and June 2024 the exports of Spain's   Combustion Engines have increased by €18.6M (95.5%) from €19.5M to €38.1M, while imports decreased by €-68.5M (-33.9%) from €202M to €134M.

Destinations In June 2024, Combustion Engines were exported mostly to France (€10.6M), Morocco (€10.4M), Romania (€6.47M), Turkey (€5.2M), and Cuba (€1.33M), and were imported mostly from Germany (€62.9M), France (€46.3M), Italy (€7.64M), United States (€4.29M), and Austria (€3.06M).

Growth In June 2024, the increase in Combustion Engines's year-by-year exports was explained primarily by an increase in exports to Portugal (€559k or 113%), Australia (€498k or 166k%), and Argentina (€327k or 442%). In June 2024, the decrease in Combustion Engines's year-by-year imports was explained primarily by a decrease in imports from Germany (€-14.6M or -30.4%), United Kingdom (€-9.74M or -49.1%), and United States (€-1.44M or -31.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€18.6M(95.5%)
IMPORT GROWTH (June 2023 - June 2024)€-68.5M(-33.9%)
MAIN EXPORTER (June 2024)Sin Provincia Asignada€45.6M
MAIN DESTINATION (June 2024)France€10.6M

This section shows Combustion Engines'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 Combustion Engines over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$481M
IMPORTS (2022)$1.39B
NET TRADE (2022)-$911M

In 2022, Spain exported $481M in Combustion Engines. The main destinations of Spain exports on Combustion Engines were Morocco ($127M), Turkey ($111M), Romania ($88M), France ($41.4M), and Hungary ($37.4M).

In 2022, Spain imported $1.39B in Combustion Engines, mainly from France ($605M), Germany ($208M), United Kingdom ($190M), Italy ($172M), and Poland ($60.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Spain's main exporting competitors in Combustion Engines were:
United States $8.39B
Germany $5.58B
Japan $4.24B
In 2022, Spain's main importing competitors in Combustion Engines were:
United States $5.93B
Mexico $5.75B
Germany $3.93B

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Trade Value of Combustion Engines by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $35M
TOP IMPORT POTENTIALGermany+ $40.2M

Combustion Engines’s highest export potential is France. With an export gap of $35M.   Combustion Engines’s highest import potential is Germany with an import gap of $40.2M.

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