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2022
Exports $484MWorld Rnk 8 / 144
Flag Rnk 182 / 1214
2022
Destination $11.5M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $11.5MChina
2022
PRODUCT COMPLEXITY IN Locomotive Parts0.82Rnk 237 / 1025
2022
Imports $323MWorld Rnk 14 / 200
Flag Rnk 267 / 1214
2022
Origin $18.4M Germany
2021 - 2022
FASTEST GROWING ORIGIN $18.4MFrance
2022
ECONOMIC COMPLEXITY of Spain0.81Rnk 33 / 133

About

Exports In 2022, Spain exported $484M in Locomotive Parts, making it the 8th largest exporter of Locomotive Parts in the world. At the same year, Locomotive Parts was the 182nd most exported product in Spain. The main destination of Locomotive Parts exports from Spain are: United Kingdom ($88.3M), Germany ($66.4M), France ($40.7M), China ($31.5M), and Italy ($27.9M).

The fastest growing export markets for Locomotive Parts of Spain between 2021 and 2022 were China ($11.5M), Switzerland ($8.39M), and Italy ($7.39M).

Imports In 2022, Spain imported $323M in Locomotive Parts, becoming the 14th largest importer of Locomotive Parts in the world. At the same year, Locomotive Parts was the 267th most imported product in Spain. Spain imports Locomotive Parts primarily from: Germany ($90.4M), China ($59.5M), France ($46.2M), Czechia ($25M), and Austria ($19.3M).

The fastest growing import markets in Locomotive Parts for Spain between 2021 and 2022 were France ($18.4M), Poland ($6.34M), and China ($5.55M).

Latest Trends

August 2024

About

Overview In August 2024 Spain's Locomotive Parts exports accounted up to €30M and imports accounted up to €32.8M, resulting in a negative trade balance of €2.85M. Between August 2023 and August 2024 the exports of Spain's   Locomotive Parts have increased by €5.28M (21.4%) from €24.7M to €30M, while imports increased by €7.49M (29.6%) from €25.3M to €32.8M.

Destinations In August 2024, Locomotive Parts were exported mostly to China (€6.56M), Australia (€2.59M), Mexico (€2.5M), United Kingdom (€2.1M), and Germany (€2.09M), and were imported mostly from Germany (€6.66M), France (€6.48M), Austria (€5.36M), China (€4.22M), and Italy (€2.76M).

Growth In August 2024, the increase in Locomotive Parts's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia (€2.01M or 4.21k%), France (€1.33M or 56.1%), and Austria (€1.16M or 72.6%). In August 2024, the increase in Locomotive Parts's year-by-year imports was explained primarily by an increase in imports from France (€5.3M or 100%), China (€3.3M or 78.5%), and Germany (€2.59M or 22.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€5.28M(21.4%)
IMPORT GROWTH (August 2023 - August 2024)€7.49M(29.6%)
MAIN EXPORTER (August 2024)Guipúzcoa€34.2M
MAIN DESTINATION (August 2024)China€6.56M

This section shows Locomotive Parts'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 Locomotive Parts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$484M
IMPORTS (2022)$323M
NET TRADE (2022)$161M

In 2022, Spain exported $484M in Locomotive Parts. The main destinations of Spain exports on Locomotive Parts were United Kingdom ($88.3M), Germany ($66.4M), France ($40.7M), China ($31.5M), and Italy ($27.9M).

In 2022, Spain imported $323M in Locomotive Parts, mainly from Germany ($90.4M), China ($59.5M), France ($46.2M), Czechia ($25M), and Austria ($19.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locomotive Parts EXPORT MARKETS FOR Spain WERE (2021 - 2022):
China$11.5M (57.5%)
Switzerland$8.39M (109%)
Italy$7.39M (36%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locomotive Parts BY Spain WERE (2021 - 2022):
Belgium-$69M (-87.3%)
Netherlands-$63.6M (-92.4%)
Mexico-$31.2M (-86%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Spain's main exporting competitors in Locomotive Parts were:
Germany $1.71B
United States $1.59B
China $1.58B
In 2022, Spain's main importing competitors in Locomotive Parts were:
Germany $1.61B
Mexico $1.05B
United States $998M

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Trade Value of Locomotive Parts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $19.3M
TOP IMPORT POTENTIALChina+ $8.91M

Locomotive Parts’s highest export potential is France. With an export gap of $19.3M.   Locomotive Parts’s highest import potential is China with an import gap of $8.91M.

See methodology.

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