Valves in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $1.58B in Valves, making it the 15th largest exporter of Valves in the world. At the same year, Valves was the 40th most exported product in Spain. The main destination of Valves exports from Spain are: France ($190M), Germany ($116M), Portugal ($101M), United States ($97.4M), and Italy ($92.1M).

The fastest growing export markets for Valves of Spain between 2021 and 2022 were United States ($23.6M), Italy ($9.9M), and Argentina ($8.17M).

Imports In 2022, Spain imported $1.83B in Valves, becoming the 16th largest importer of Valves in the world. At the same year, Valves was the 49th most imported product in Spain. Spain imports Valves primarily from: China ($556M), Germany ($354M), Italy ($241M), France ($105M), and United States ($71.6M).

The fastest growing import markets in Valves for Spain between 2021 and 2022 were United States ($13.9M), China ($13.5M), and India ($7.3M).

COMPANIES In 2023, leading companies such as VOLKSWAGEN GROUP OF AMERICA INC. (10), PORVEN LTD (4), and JOHN DEERE COMMERCIAL PRODUCTS (3) were at the forefront of shipping Valves from Spain to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Spain's Valves exports accounted up to €139M and imports accounted up to €140M, resulting in a negative trade balance of €1.1M. Between February 2023 and February 2024 the exports of Spain's Valves have increased by €5.27M (3.93%) from €134M to €139M, while imports increased by €13.6M (10.7%) from €127M to €140M.

Destinations In February 2024, Valves were exported mostly to France (€15.4M), China (€15M), Germany (€10.5M), Italy (€9.28M), and Portugal (€8.63M), and were imported mostly from China (€36.4M), Germany (€25.2M), Italy (€18.6M), United States (€7.77M), and France (€7.7M).

Growth In February 2024, the increase in Valves's year-by-year exports was explained primarily by an increase in exports to Cuba (€2.39M or 337%), United States (€2.16M or 26.8%), and Portugal (€2.05M or 27.3%). In February 2024, the increase in Valves's year-by-year imports was explained primarily by an increase in imports from Germany (€8.43M or 42.3%), Portugal (€3.48M or 105%), and Italy (€1.96M or 14.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€5.27M(3.93%)

IMPORT GROWTH (February 2023 - February 2024)€13.6M(10.7%)

MAIN EXPORTER (February 2024)Barcelona€43.9M

MAIN DESTINATION (February 2024)France€15.4M

This section shows Valves'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 Valves over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.58B

IMPORTS (2022)$1.83B

NET TRADE (2022)-$243M

In 2022, Spain exported $1.58B in Valves. The main destinations of Spain exports on Valves were France ($190M), Germany ($116M), Portugal ($101M), United States ($97.4M), and Italy ($92.1M).

In 2022, Spain imported $1.83B in Valves, mainly from China ($556M), Germany ($354M), Italy ($241M), France ($105M), and United States ($71.6M).

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