Lifting Machinery in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $1.03B in Lifting Machinery, making it the 11th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 77th most exported product in Spain. The main destination of Lifting Machinery exports from Spain are: France ($135M), United Kingdom ($84.3M), Germany ($61.8M), Portugal ($56.2M), and United States ($47.5M).

The fastest growing export markets for Lifting Machinery of Spain between 2021 and 2022 were France ($23M), Morocco ($8.29M), and United Kingdom ($7.87M).

Imports In 2022, Spain imported $700M in Lifting Machinery, becoming the 12th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 141st most imported product in Spain. Spain imports Lifting Machinery primarily from: Germany ($149M), Netherlands ($119M), Italy ($95M), France ($60.8M), and China ($42.7M).

The fastest growing import markets in Lifting Machinery for Spain between 2021 and 2022 were Germany ($40.6M), United States ($10.5M), and Italy ($9.2M).

COMPANIES In 2023, leading companies such as FORD MOTOR COMPANY (240) were at the forefront of shipping Lifting Machinery from Spain to the United States.

Latest Trends

January 2024

About

Overview In January 2024 Spain's Lifting Machinery exports accounted up to €71.1M and imports accounted up to €44.9M, resulting in a positive trade balance of €26.2M. Between January 2023 and January 2024 the exports of Spain's Lifting Machinery have decreased by €-11M (-13.4%) from €82M to €71.1M, while imports decreased by €-20.8M (-31.6%) from €65.7M to €44.9M.

Destinations In January 2024, Lifting Machinery were exported mostly to France (€11.1M), United Kingdom (€6.25M), Germany (€4.42M), United States (€3.42M), and Morocco (€3.17M), and were imported mostly from Netherlands (€6.47M), Germany (€5.94M), United Kingdom (€5.87M), France (€5.8M), and Italy (€3.65M).

Growth In January 2024, the decrease in Lifting Machinery's year-by-year exports was explained primarily by a decrease in exports to China (€-1.43M or -98.5%), Slovakia (€-685k or -69.1%), and Chile (€-467k or -50.5%). In January 2024, the decrease in Lifting Machinery's year-by-year imports was explained primarily by a decrease in imports from Germany (€-2.87M or -43.8%), Finland (€-994k or -62.1%), and Austria (€-426k or -65.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-11M(-13.4%)

IMPORT GROWTH (January 2023 - January 2024)€-20.8M(-31.6%)

MAIN EXPORTER (January 2024)Madrid€20.7M

MAIN DESTINATION (January 2024)France€11.1M

This section shows Lifting Machinery'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 Lifting Machinery over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.03B

IMPORTS (2022)$700M

NET TRADE (2022)$328M

In 2022, Spain exported $1.03B in Lifting Machinery. The main destinations of Spain exports on Lifting Machinery were France ($135M), United Kingdom ($84.3M), Germany ($61.8M), Portugal ($56.2M), and United States ($47.5M).

In 2022, Spain imported $700M in Lifting Machinery, mainly from Germany ($149M), Netherlands ($119M), Italy ($95M), France ($60.8M), and China ($42.7M).

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