Tractors in Spain | The Observatory of Economic Complexity

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Exports In 2022, Spain exported $1.69B in Tractors, making it the 15th largest exporter of Tractors in the world. At the same year, Tractors was the 34th most exported product in Spain. The main destination of Tractors exports from Spain are: Italy ($899M), Turkey ($124M), United Kingdom ($86.6M), Germany ($55.3M), and Portugal ($54.9M).

The fastest growing export markets for Tractors of Spain between 2021 and 2022 were Italy ($259M), Turkey ($63.9M), and United Kingdom ($38.7M).

Imports In 2022, Spain imported $1.91B in Tractors, becoming the 8th largest importer of Tractors in the world. At the same year, Tractors was the 44th most imported product in Spain. Spain imports Tractors primarily from: Germany ($440M), France ($344M), Netherlands ($337M), Belgium ($232M), and Turkey ($143M).

The fastest growing import markets in Tractors for Spain between 2021 and 2022 were Netherlands ($82.6M), Turkey ($34.4M), and Germany ($34M).

COMPANIES In 2023, leading companies such as CNH INDUSTRIAL AMERICA LLC (61) and JOHN DEERE COMMERCIAL PRODUCTS (8) were at the forefront of shipping Tractors from Spain to the United States.

Latest Trends

February 2024

About

Overview In February 2024 Spain's Tractors exports accounted up to €135M and imports accounted up to €112M, resulting in a positive trade balance of €22.7M. Between February 2023 and February 2024 the exports of Spain's Tractors have decreased by €-89.5M (-39.9%) from €224M to €135M, while imports increased by €9.87M (9.64%) from €102M to €112M.

Destinations In February 2024, Tractors were exported mostly to Italy (€87.9M), Turkey (€16.7M), Portugal (€6.41M), United Kingdom (€5.5M), and United Arab Emirates (€2.27M), and were imported mostly from Belgium (€36.1M), Turkey (€21.6M), Germany (€13M), Netherlands (€11.7M), and France (€7.33M).

Growth In February 2024, the decrease in Tractors's year-by-year exports was explained primarily by a decrease in exports to Germany (€-7.61M or -89%), United Kingdom (€-4.12M or -49.2%), and South Korea (€-1.51M or -52.1%). In February 2024, the increase in Tractors's year-by-year imports was explained primarily by an increase in imports from Belgium (€12.4M or 118%), Italy (€11.3M or 154%), and Germany (€3.01M or 24.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)€-89.5M(-39.9%)

IMPORT GROWTH (February 2023 - February 2024)€9.87M(9.64%)

MAIN EXPORTER (February 2024)Madrid€126M

MAIN DESTINATION (February 2024)Italy€87.9M

This section shows Tractors'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 Tractors over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$1.69B

IMPORTS (2022)$1.91B

NET TRADE (2022)-$211M

In 2022, Spain exported $1.69B in Tractors. The main destinations of Spain exports on Tractors were Italy ($899M), Turkey ($124M), United Kingdom ($86.6M), Germany ($55.3M), and Portugal ($54.9M).

In 2022, Spain imported $1.91B in Tractors, mainly from Germany ($440M), France ($344M), Netherlands ($337M), Belgium ($232M), and Turkey ($143M).

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