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2018
Exports $171MWorld Rnk 16 / 201
Flag Rnk 370 / 1214
2018
Destination $6.92M Germany
2021 - 2022
FASTEST GROWING MARKET $6.92MFrance
2022
PRODUCT COMPLEXITY IN Electric Soldering Equipment1.96Rnk 7 / 1025
2018
Imports $191MWorld Rnk 20 / 220
Flag Rnk 372 / 1214
2018
Origin $2.68M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.68MSweden
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2018, Spain exported $171M in Electric Soldering Equipment, making it the 16th largest exporter of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 370th most exported product in Spain. The main destination of Electric Soldering Equipment exports from Spain are: Germany ($28.6M), Portugal ($18.9M), United States ($15.4M), France ($14.3M), and Italy ($12.6M).

The fastest growing export markets for Electric Soldering Equipment of Spain between 2021 and 2022 were France ($6.92M), Czechia ($5.76M), and Turkey ($5.26M).

Imports In 2022, Spain imported $191M in Electric Soldering Equipment, becoming the 20th largest importer of Electric Soldering Equipment in the world. At the same year, Electric Soldering Equipment was the 372nd most imported product in Spain. Spain imports Electric Soldering Equipment primarily from: Germany ($51.4M), China ($23.5M), Italy ($20.4M), Sweden ($17.8M), and Switzerland ($11.2M).

The fastest growing import markets in Electric Soldering Equipment for Spain between 2021 and 2022 were Sweden ($2.68M), Slovakia ($2.43M), and Japan ($1.96M).

Latest Trends

June 2024

About

Overview In June 2024 Spain's Electric Soldering Equipment exports accounted up to €11.4M and imports accounted up to €14.5M, resulting in a negative trade balance of €3.14M. Between June 2023 and June 2024 the exports of Spain's   Electric Soldering Equipment have decreased by €-4M (-26%) from €15.4M to €11.4M, while imports decreased by €-168k (-1.15%) from €14.7M to €14.5M.

Destinations In June 2024, Electric Soldering Equipment were exported mostly to United States (€1.86M), Germany (€1.58M), Mexico (€1.14M), Portugal (€1.09M), and China (€990k), and were imported mostly from Germany (€3.7M), China (€2.57M), Switzerland (€1.85M), Italy (€1.32M), and France (€1.08M).

Growth In June 2024, the decrease in Electric Soldering Equipment's year-by-year exports was explained primarily by a decrease in exports to Poland (€-1.24M or -80%), Argentina (€-412k or -94.1%), and India (€-226k or -55.1%). In June 2024, the decrease in Electric Soldering Equipment's year-by-year imports was explained primarily by a decrease in imports from China (€-1.37M or -53.5%), South Korea (€-123k or -96.8%), and United Kingdom (€-100k or -81.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€-4M(-26%)
IMPORT GROWTH (June 2023 - June 2024)€-168k(-1.15%)
MAIN EXPORTER (June 2024)Barcelona€13.8M
MAIN DESTINATION (June 2024)United States€1.86M

This section shows Electric Soldering 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 Electric Soldering Equipment over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$171M
IMPORTS (2022)$191M
NET TRADE (2022)-$20M

In 2022, Spain exported $171M in Electric Soldering Equipment. The main destinations of Spain exports on Electric Soldering Equipment were Germany ($28.6M), Portugal ($18.9M), United States ($15.4M), France ($14.3M), and Italy ($12.6M).

In 2022, Spain imported $191M in Electric Soldering Equipment, mainly from Germany ($51.4M), China ($23.5M), Italy ($20.4M), Sweden ($17.8M), and Switzerland ($11.2M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Soldering Equipment EXPORT MARKETS FOR Spain WERE (2021 - 2022):
France$6.92M (93.8%)
Czechia$5.76M (93.2%)
Turkey$5.26M (254%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Soldering Equipment BY Spain WERE (2021 - 2022):
Germany-$7.48M (-20.7%)
Russia-$4.74M (-88.9%)
United Kingdom-$4.7M (-46.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Electric Soldering Equipment were:
China $2.65B
Germany $2.39B
United States $1.09B
In 2022, Spain's main importing competitors in Electric Soldering Equipment were:
United States $1.95B
China $965M
Germany $855M

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Trade Value of Electric Soldering Equipment by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.63M
TOP IMPORT POTENTIALChina+ $11.3M

Electric Soldering Equipment’s highest export potential is United States. With an export gap of $8.63M.   Electric Soldering Equipment’s highest import potential is China with an import gap of $11.3M.

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