Motor vehicles; parts and accessories (8701 to 8705) in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $10.6B in Motor vehicles; parts and accessories (8701 to 8705), making it the 12th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 4th most exported product in Spain. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Spain are: France ($1.92B), Germany ($1.7B), Portugal ($1.19B), Morocco ($703M), and Poland ($504M).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Spain between 2021 and 2022 were France ($335M), Poland ($51.1M), and Mexico ($38.9M).

Imports In 2022, Spain imported $12.8B in Motor vehicles; parts and accessories (8701 to 8705), becoming the 7th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 5th most imported product in Spain. Spain imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: France ($2.62B), Germany ($2.35B), Portugal ($1.35B), Italy ($1.07B), and Poland ($790M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Spain between 2021 and 2022 were France ($836M), Germany ($184M), and United States ($123M).

COMPANIES In 2023, leading companies such as ROBERT BOSCH TOOL CORPORATION (6.5k), FORD MOTOR COMPANY (1.98k), and ROBERT BOSCH LLC (1.33k) were at the forefront of shipping Motor vehicles; parts and accessories (8701 to 8705) from Spain to the United States.

Latest Trends

January 2024

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Overview In January 2024 Spain's Motor vehicles; parts and accessories (8701 to 8705) exports accounted up to €946M and imports accounted up to €1.26B, resulting in a negative trade balance of €312M. Between January 2023 and January 2024 the exports of Spain's Motor vehicles; parts and accessories (8701 to 8705) have increased by €92.6M (10.9%) from €854M to €946M, while imports increased by €23.3M (1.89%) from €1.24B to €1.26B.

Destinations In January 2024, Motor vehicles; parts and accessories (8701 to 8705) were exported mostly to Germany (€157M), France (€150M), Portugal (€84.4M), Morocco (€80.3M), and Poland (€54M), and were imported mostly from Germany (€288M), France (€227M), Italy (€125M), Portugal (€120M), and Poland (€74.5M).

Growth In January 2024, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year exports was explained primarily by an increase in exports to France (€32.4M or 26.2%), Morocco (€20.5M or 43.7%), and Germany (€19.6M or 14.1%). In January 2024, the increase in Motor vehicles; parts and accessories (8701 to 8705)'s year-by-year imports was explained primarily by an increase in imports from Germany (€39.7M or 19.9%), Italy (€36M or 62.6%), and Portugal (€28.4M or 43.4%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€92.6M(10.9%)

IMPORT GROWTH (January 2023 - January 2024)€23.3M(1.89%)

MAIN EXPORTER (January 2024)Barcelona€197M

MAIN DESTINATION (January 2024)Germany€157M

This section shows Motor vehicles; parts and accessories (8701 to 8705)'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 Motor vehicles; parts and accessories (8701 to 8705) over time.

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