Electric Generating Sets in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $836M in Electric Generating Sets, making it the 6th largest exporter of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 102nd most exported product in Spain. The main destination of Electric Generating Sets exports from Spain are: United States ($137M), Sweden ($84.5M), United Kingdom ($72M), Germany ($63M), and Morocco ($53.9M).

The fastest growing export markets for Electric Generating Sets of Spain between 2021 and 2022 were Sweden ($60.3M), Germany ($27.3M), and North Macedonia ($16.6M).

Imports In 2022, Spain imported $294M in Electric Generating Sets, becoming the 28th largest importer of Electric Generating Sets in the world. At the same year, Electric Generating Sets was the 288th most imported product in Spain. Spain imports Electric Generating Sets primarily from: China ($115M), Germany ($60.7M), India ($26.3M), France ($16M), and United States ($15.2M).

The fastest growing import markets in Electric Generating Sets for Spain between 2021 and 2022 were China ($34.4M), India ($6.03M), and Portugal ($4.22M).

COMPANIES In 2023, leading companies such as VESTAS NACELLES AMERICA INC. (3) were at the forefront of shipping Electric Generating Sets from Spain to the United States.

Latest Trends

February 2024

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Overview In February 2024 Spain's Electric Generating Sets exports accounted up to €40.4M and imports accounted up to €10M, resulting in a positive trade balance of €30.4M. Between February 2023 and February 2024 the exports of Spain's Electric Generating Sets have decreased by €-15.5M (-27.7%) from €56M to €40.4M, while imports decreased by €-10.2M (-50.4%) from €20.2M to €10M.

Destinations In February 2024, Electric Generating Sets were exported mostly to Turkey (€3.66M), Germany (€3.39M), Portugal (€3.38M), Mexico (€3.18M), and United Kingdom (€3.06M), and were imported mostly from China (€2.74M), Italy (€2.38M), Germany (€1.71M), United States (€944k), and Austria (€885k).

Growth In February 2024, the decrease in Electric Generating Sets's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-8.9M or -92.6%), Italy (€-4.51M or -81.6%), and Netherlands (€-863k or -28.4%). In February 2024, the decrease in Electric Generating Sets's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (€-572k or -86.6%), India (€-337k or -81.3%), and Netherlands (€-313k or -83.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-15.5M(-27.7%)

IMPORT GROWTH (February 2023 - February 2024)€-10.2M(-50.4%)

MAIN EXPORTER (February 2024)Murcia€20.6M

MAIN DESTINATION (February 2024)Turkey€3.66M

This section shows Electric Generating Sets'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 Electric Generating Sets over time.

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