Laboratory Reagents in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $12.2M in Laboratory Reagents, making it the 24th largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 889th most exported product in Spain. The main destination of Laboratory Reagents exports from Spain are: Philippines ($2.28M), Argentina ($2.2M), Ecuador ($1.61M), Chinese Taipei ($1.09M), and Georgia ($874k).

The fastest growing export markets for Laboratory Reagents of Spain between 2021 and 2022 were Philippines ($648k), Chinese Taipei ($622k), and Georgia ($572k).

Imports In 2022, Spain imported $3.94M in Laboratory Reagents, becoming the 53rd largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 1095th most imported product in Spain. Spain imports Laboratory Reagents primarily from: Chinese Taipei ($3.61M), Argentina ($323k), Ukraine ($4.44k), and Brunei ($22).

The fastest growing import markets in Laboratory Reagents for Spain between 2021 and 2022 were Argentina ($101k) and Brunei ($22).

Latest Trends

February 2024

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Overview In February 2024 Spain's Laboratory Reagents exports accounted up to €47.8M and imports accounted up to €70.3M, resulting in a negative trade balance of €22.5M. Between February 2023 and February 2024 the exports of Spain's Laboratory Reagents have increased by €1.69M (3.67%) from €46.1M to €47.8M, while imports increased by €2.53M (3.73%) from €67.8M to €70.3M.

Destinations In February 2024, Laboratory Reagents were exported mostly to China (€9.07M), Italy (€6.32M), Portugal (€5.85M), United States (€3.13M), and Germany (€3.08M), and were imported mostly from United States (€15.7M), Germany (€14.4M), Netherlands (€12.3M), France (€5.37M), and Italy (€5.05M).

Growth In February 2024, the increase in Laboratory Reagents's year-by-year exports was explained primarily by an increase in exports to United States (€2.41M or 31.5%), China (€1.21M or 208%), and Italy (€1.04M or 16.9%). In February 2024, the increase in Laboratory Reagents's year-by-year imports was explained primarily by an increase in imports from United States (€1.36M or 12.8%), France (€1.29M or 35.9%), and Sweden (€1.14M or 40.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€1.69M(3.67%)

IMPORT GROWTH (February 2023 - February 2024)€2.53M(3.73%)

MAIN EXPORTER (February 2024)Barcelona€35.4M

MAIN DESTINATION (February 2024)China€9.07M

This section shows Laboratory Reagents'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 Laboratory Reagents over time.

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