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2022
Exports $51.6MWorld Rnk 18 / 179
Flag Rnk 639 / 1214
2022
Destination $12.5M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $12.5MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Compasses0.89Rnk 212 / 1025
2022
Imports $116MWorld Rnk 16 / 211
Flag Rnk 487 / 1214
2022
Origin $5.7M France
2021 - 2022
FASTEST GROWING ORIGIN $5.7MUnited Kingdom
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $51.6M in Compasses, making it the 18th largest exporter of Compasses in the world. At the same year, Compasses was the 639th most exported product in Spain. The main destination of Compasses exports from Spain are: United Kingdom ($13.6M), United States ($4.41M), France ($3.88M), Italy ($3.62M), and Portugal ($3.3M).

The fastest growing export markets for Compasses of Spain between 2021 and 2022 were United Kingdom ($12.5M), Turkey ($1.85M), and Portugal ($694k).

Imports In 2022, Spain imported $116M in Compasses, becoming the 16th largest importer of Compasses in the world. At the same year, Compasses was the 487th most imported product in Spain. Spain imports Compasses primarily from: France ($26.1M), United States ($16.3M), United Kingdom ($15.6M), Netherlands ($13.7M), and Norway ($10.5M).

The fastest growing import markets in Compasses for Spain between 2021 and 2022 were United Kingdom ($5.7M), Italy ($5.64M), and Netherlands ($5.39M).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Compasses exports accounted up to €4.61M and imports accounted up to €13.9M, resulting in a negative trade balance of €9.28M. Between June 2023 and June 2024 the exports of Spain's   Compasses have decreased by €-2.92M (-38.8%) from €7.53M to €4.61M, while imports increased by €1.08M (8.43%) from €12.8M to €13.9M.

Destinations In June 2024, Compasses were exported mostly to United Kingdom (€1.41M), Slovakia (€474k), Norway (€442k), China (€253k), and Germany (€246k), and were imported mostly from Norway (€5.43M), France (€2.43M), United States (€2.13M), Japan (€923k), and United Kingdom (€739k).

Growth In June 2024, the decrease in Compasses's year-by-year exports was explained primarily by a decrease in exports to United States (€-292k or -86.1%), South Korea (€-99.4k or -97.2%), and Germany (€-51.4k or -80.7%). In June 2024, the increase in Compasses's year-by-year imports was explained primarily by an increase in imports from United States (€887k or 63%), Japan (€203k or 150%), and Germany (€201k or 302%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-2.92M(-38.8%)
IMPORT GROWTH (June 2023 - June 2024)€1.08M(8.43%)
MAIN EXPORTER (June 2024)Sevilla€4.57M
MAIN DESTINATION (June 2024)United Kingdom€1.41M

This section shows Compasses'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 Compasses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$51.6M
IMPORTS (2022)$116M
NET TRADE (2022)-$64.5M

In 2022, Spain exported $51.6M in Compasses. The main destinations of Spain exports on Compasses were United Kingdom ($13.6M), United States ($4.41M), France ($3.88M), Italy ($3.62M), and Portugal ($3.3M).

In 2022, Spain imported $116M in Compasses, mainly from France ($26.1M), United States ($16.3M), United Kingdom ($15.6M), Netherlands ($13.7M), and Norway ($10.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Spain WERE (2021 - 2022):
United Kingdom$12.5M (1.16k%)
Turkey$1.85M (599%)
Portugal$694k (26.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Spain WERE (2021 - 2022):
United States-$1.7M (-27.8%)
France-$1.29M (-24.9%)
Indonesia-$917k (-96.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Compasses were:
United States $1.62B
United Kingdom $1.13B
France $911M
In 2022, Spain's main importing competitors in Compasses were:
United States $1.53B
United Kingdom $571M
France $529M

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.05M
TOP IMPORT POTENTIALFrance+ $8.78M

Compasses’s highest export potential is United States. With an export gap of $3.05M.   Compasses’s highest import potential is France with an import gap of $8.78M.

See methodology.

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