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2022
Exports $119MWorld Rnk 22 / 165
Flag Rnk 444 / 1214
2022
Destination $36.1M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $36.1MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Hydrogen0.11Rnk 521 / 1025
2022
Imports $114MWorld Rnk 23 / 213
Flag Rnk 492 / 1214
2022
Origin $14.7M China
2021 - 2022
FASTEST GROWING ORIGIN $14.7MChina
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $119M in Hydrogen, making it the 22nd largest exporter of Hydrogen in the world. At the same year, Hydrogen was the 444th most exported product in Spain. The main destination of Hydrogen exports from Spain are: United Kingdom ($69.3M), Portugal ($16.6M), Italy ($9.82M), France ($8.07M), and Germany ($5.71M).

The fastest growing export markets for Hydrogen of Spain between 2021 and 2022 were United Kingdom ($36.1M), France ($3.05M), and Italy ($2.99M).

Imports In 2022, Spain imported $114M in Hydrogen, becoming the 23rd largest importer of Hydrogen in the world. At the same year, Hydrogen was the 492nd most imported product in Spain. Spain imports Hydrogen primarily from: China ($29.3M), Portugal ($16.3M), France ($14.7M), Algeria ($14.1M), and Netherlands ($11.5M).

The fastest growing import markets in Hydrogen for Spain between 2021 and 2022 were China ($14.7M), France ($4.19M), and Malaysia ($3.45M).

COMPANIES In 2023, leading companies such as Mahle Behr (1) were at the forefront of shipping Hydrogen from Spain to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Spain's Hydrogen exports accounted up to €9.83M and imports accounted up to €9.78M, resulting in a positive trade balance of €46.1k. Between June 2023 and June 2024 the exports of Spain's   Hydrogen have increased by €5.24M (114%) from €4.58M to €9.83M, while imports increased by €2.74M (39%) from €7.04M to €9.78M.

Destinations In June 2024, Hydrogen were exported mostly to Netherlands (€4.03M), United Kingdom (€2.84M), Portugal (€1.11M), Germany (€636k), and France (€327k), and were imported mostly from China (€3.37M), Algeria (€1.86M), Netherlands (€896k), Laos (€679k), and Malaysia (€463k).

Growth In June 2024, the increase in Hydrogen's year-by-year exports was explained primarily by an increase in exports to United States (€37.6k or 152%), Rest of the world (€8.74k or 221%), and Poland (€4.22k or 7.19k%). In June 2024, the increase in Hydrogen's year-by-year imports was explained primarily by an increase in imports from China (€1.34M or 168%), Algeria (€856k or 361%), and Netherlands (€347k or 32.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)€5.24M(114%)
IMPORT GROWTH (June 2023 - June 2024)€2.74M(39%)
MAIN EXPORTER (June 2024)A Coruña€5.99M
MAIN DESTINATION (June 2024)Netherlands€4.03M

This section shows Hydrogen'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 Hydrogen over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$119M
IMPORTS (2022)$114M
NET TRADE (2022)$5.46M

In 2022, Spain exported $119M in Hydrogen. The main destinations of Spain exports on Hydrogen were United Kingdom ($69.3M), Portugal ($16.6M), Italy ($9.82M), France ($8.07M), and Germany ($5.71M).

In 2022, Spain imported $114M in Hydrogen, mainly from China ($29.3M), Portugal ($16.3M), France ($14.7M), Algeria ($14.1M), and Netherlands ($11.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hydrogen EXPORT MARKETS FOR Spain WERE (2021 - 2022):
United Kingdom$36.1M (109%)
France$3.05M (60.6%)
Italy$2.99M (43.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydrogen BY Spain WERE (2021 - 2022):
South Korea-$9.64M (-99.6%)
Netherlands-$4.08M (-99%)
Portugal-$3.61M (-17.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Hydrogen were:
China $3.34B
Germany $2.43B
United States $2.35B
In 2022, Spain's main importing competitors in Hydrogen were:
China $3.46B
Japan $1.98B
Germany $1.73B

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Trade Value of Hydrogen by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $5.68M
TOP IMPORT POTENTIALChina+ $8.57M

Hydrogen’s highest export potential is France. With an export gap of $5.68M.   Hydrogen’s highest import potential is China with an import gap of $8.57M.

See methodology.

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