Ball Bearings in Spain | The Observatory of Economic Complexity

About

Exports In 2022, Spain exported $334M in Ball Bearings, making it the 21st largest exporter of Ball Bearings in the world. At the same year, Ball Bearings was the 250th most exported product in Spain. The main destination of Ball Bearings exports from Spain are: Germany ($90.5M), France ($46.8M), Portugal ($28.6M), Italy ($16.2M), and Slovakia ($16M).

The fastest growing export markets for Ball Bearings of Spain between 2021 and 2022 were Portugal ($5.48M), Turkey ($4.31M), and Brazil ($2.92M).

Imports In 2022, Spain imported $557M in Ball Bearings, becoming the 19th largest importer of Ball Bearings in the world. At the same year, Ball Bearings was the 168th most imported product in Spain. Spain imports Ball Bearings primarily from: Germany ($139M), China ($87.5M), France ($77.4M), Italy ($61.7M), and Netherlands ($40.1M).

The fastest growing import markets in Ball Bearings for Spain between 2021 and 2022 were China ($7.32M), Romania ($5.53M), and United States ($3.59M).

COMPANIES In 2023, leading companies such as SKF USA INC (120), VESTAS NACELLES AMERICA INC. (23), and TEAM HARDINGER (1) were at the forefront of shipping Ball Bearings from Spain to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Spain's Ball Bearings exports accounted up to €24.6M and imports accounted up to €46.1M, resulting in a negative trade balance of €21.5M. Between February 2023 and February 2024 the exports of Spain's Ball Bearings have decreased by €-2.96M (-10.7%) from €27.6M to €24.6M, while imports increased by €3.88M (9.18%) from €42.3M to €46.1M.

Destinations In February 2024, Ball Bearings were exported mostly to Germany (€7.54M), France (€1.77M), Slovakia (€1.43M), Portugal (€1.25M), and United States (€1.11M), and were imported mostly from Germany (€9.23M), France (€7.88M), China (€6.45M), Italy (€5.73M), and Romania (€3.14M).

Growth In February 2024, the decrease in Ball Bearings's year-by-year exports was explained primarily by a decrease in exports to Belgium (€-301k or -67.4%), China (€-217k or -87.3%), and India (€-174k or -42.3%). In February 2024, the increase in Ball Bearings's year-by-year imports was explained primarily by an increase in imports from Japan (€546k or 51.8%), Sweden (€215k or 48.8%), and Italy (€191k or 4.19%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-2.96M(-10.7%)

IMPORT GROWTH (February 2023 - February 2024)€3.88M(9.18%)

MAIN EXPORTER (February 2024)Guipúzcoa€8.33M

MAIN DESTINATION (February 2024)Germany€7.54M

This section shows Ball Bearings'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 Ball Bearings over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$334M

IMPORTS (2022)$557M

NET TRADE (2022)-$223M

In 2022, Spain exported $334M in Ball Bearings. The main destinations of Spain exports on Ball Bearings were Germany ($90.5M), France ($46.8M), Portugal ($28.6M), Italy ($16.2M), and Slovakia ($16M).

In 2022, Spain imported $557M in Ball Bearings, mainly from Germany ($139M), China ($87.5M), France ($77.4M), Italy ($61.7M), and Netherlands ($40.1M).

Explore Visualizations