Iron Railway Products in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $291M in Iron Railway Products, making it the 5th largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 271st most exported product in Spain. The main destination of Iron Railway Products exports from Spain are: Portugal ($34.8M), Italy ($26.5M), Belgium ($23.7M), France ($20.5M), and Finland ($20M).

The fastest growing export markets for Iron Railway Products of Spain between 2021 and 2022 were Portugal ($22.9M), Belgium ($17.4M), and Estonia ($10M).

Imports In 2022, Spain imported $36.1M in Iron Railway Products, becoming the 31st largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 738th most imported product in Spain. Spain imports Iron Railway Products primarily from: France ($5.92M), Austria ($4.59M), Luxembourg ($3.63M), China ($3.32M), and Germany ($3.3M).

The fastest growing import markets in Iron Railway Products for Spain between 2021 and 2022 were Austria ($2.63M), Estonia ($2.38M), and France ($2.03M).

COMPANIES In 2023, leading companies such as PORVEN LTD (8), SCHINDLER ELEVATOR CORPORATION (3), and JOHN DEERE COMMERCIAL PRODUCTS (1) were at the forefront of shipping Iron Railway Products from Spain to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Spain's Iron Railway Products exports accounted up to €19M and imports accounted up to €4.28M, resulting in a positive trade balance of €14.7M. Between February 2023 and February 2024 the exports of Spain's Iron Railway Products have decreased by €-8.53M (-31%) from €27.5M to €19M, while imports decreased by €-826k (-16.2%) from €5.11M to €4.28M.

Destinations In February 2024, Iron Railway Products were exported mostly to Italy (€5.15M), France (€2.98M), Estonia (€1.93M), Germany (€1.17M), and Finland (€924k), and were imported mostly from Italy (€1.01M), Czechia (€431k), Turkey (€398k), Luxembourg (€396k), and France (€339k).

Growth In February 2024, the decrease in Iron Railway Products's year-by-year exports was explained primarily by a decrease in exports to France (€-1.18M or -43.1%), Finland (€-593k or -93.1%), and United Kingdom (€-513k or -47.7%). In February 2024, the decrease in Iron Railway Products's year-by-year imports was explained primarily by a decrease in imports from Poland (€-88.6k or -53.6%), France (€-69.6k or -7.52%), and Italy (€-12.6k or -67.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-8.53M(-31%)

IMPORT GROWTH (February 2023 - February 2024)€-826k(-16.2%)

MAIN EXPORTER (February 2024)Asturias€10.4M

MAIN DESTINATION (February 2024)Italy€5.15M

This section shows Iron Railway Products'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 Iron Railway Products over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$291M

IMPORTS (2022)$36.1M

NET TRADE (2022)$255M

In 2022, Spain exported $291M in Iron Railway Products. The main destinations of Spain exports on Iron Railway Products were Portugal ($34.8M), Italy ($26.5M), Belgium ($23.7M), France ($20.5M), and Finland ($20M).

In 2022, Spain imported $36.1M in Iron Railway Products, mainly from France ($5.92M), Austria ($4.59M), Luxembourg ($3.63M), China ($3.32M), and Germany ($3.3M).

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