Navigation Equipment in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $252M in Navigation Equipment, making it the 22nd largest exporter of Navigation Equipment in the world. At the same year, Navigation Equipment was the 297th most exported product in Spain. The main destination of Navigation Equipment exports from Spain are: South Korea ($31.2M), Germany ($23.7M), Ecuador ($20.5M), Vietnam ($18.3M), and Azerbaijan ($16.7M).

The fastest growing export markets for Navigation Equipment of Spain between 2021 and 2022 were South Korea ($21.1M), Vietnam ($18.3M), and Pakistan ($8.37M).

Imports In 2022, Spain imported $429M in Navigation Equipment, becoming the 13th largest importer of Navigation Equipment in the world. At the same year, Navigation Equipment was the 208th most imported product in Spain. Spain imports Navigation Equipment primarily from: Germany ($81.9M), Poland ($66.5M), United Kingdom ($47M), France ($32.6M), and Hungary ($28.1M).

The fastest growing import markets in Navigation Equipment for Spain between 2021 and 2022 were Chinese Taipei ($18M), United Kingdom ($10.8M), and Poland ($9.98M).

COMPANIES In 2023, leading companies such as JOHN DEERE COMMERCIAL PRODUCTS (1) were at the forefront of shipping Navigation Equipment from Spain to the United States.

Latest Trends

February 2024

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Overview In February 2024 Spain's Navigation Equipment exports accounted up to €19.3M and imports accounted up to €34.2M, resulting in a negative trade balance of €15M. Between February 2023 and February 2024 the exports of Spain's Navigation Equipment have increased by €8.72M (82.7%) from €10.5M to €19.3M, while imports increased by €8.07M (30.8%) from €26.2M to €34.2M.

Destinations In February 2024, Navigation Equipment were exported mostly to Morocco (€3.43M), Seychelles (€2.3M), United States (€2.11M), United Kingdom (€1.14M), and South Korea (€887k), and were imported mostly from Germany (€13.5M), France (€3.74M), Chinese Taipei (€2.36M), United States (€2.14M), and China (€1.69M).

Growth In February 2024, the increase in Navigation Equipment's year-by-year exports was explained primarily by an increase in exports to Tunisia (€8.91M or 51.8k%), South Korea (€1.54M or 22.8%), and Greece (€650k or 2.83k%). In February 2024, the increase in Navigation Equipment's year-by-year imports was explained primarily by an increase in imports from Italy (€5.59M or 981%), Chinese Taipei (€2.38M or 184%), and Germany (€1.79M or 32.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€8.72M(82.7%)

IMPORT GROWTH (February 2023 - February 2024)€8.07M(30.8%)

MAIN EXPORTER (February 2024)Madrid€9.41M

MAIN DESTINATION (February 2024)Morocco€3.43M

This section shows Navigation Equipment'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 Navigation Equipment over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$252M

IMPORTS (2022)$429M

NET TRADE (2022)-$176M

In 2022, Spain exported $252M in Navigation Equipment. The main destinations of Spain exports on Navigation Equipment were South Korea ($31.2M), Germany ($23.7M), Ecuador ($20.5M), Vietnam ($18.3M), and Azerbaijan ($16.7M).

In 2022, Spain imported $429M in Navigation Equipment, mainly from Germany ($81.9M), Poland ($66.5M), United Kingdom ($47M), France ($32.6M), and Hungary ($28.1M).

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