Why Are These Spain's Top 10 Vehicle Parts Export Countries, By 2021-24? Blog-59

 

January 2021

By Dr. Lade Vedkumar.

World wide motor vehicle exports will rise from 246.1 billion dollars to 340.4 billion dollars.

Spain's vehicle parts exports will increase from 7.0 billion dollars to 9.4 billion dollars. Spain exports represent 2.7% of world exports for this product, its world exports ranking is 12.

Very magnificent export prospects are going to expand in motor vehicles by 2021-24.

These are the average export values of 2020 and prospects by 2024.

Germany:

2020-1.2 billion dollars, 

2024-1.2 billion dollars.

France:

2020-1.1 billion dollars,

2024-1.1 billion dollars.

Portugal:

2020-763.9 million dollars, 

2024-744.4 million dollars.

United Kingdom:

2020-526.8 million dollars,

2024-658.1 million dollars.

United States of America:

2020-172.5 million dollars, 

2024-596.6 million dollars.

China:

2020-235.7 million dollars,  

2024-460.6 million dollars.

Mexico:

2020-165.8 million dollars, 

2024-435.7 million dollars.

Italy:

2020-316.3 million dollars,

2024-408.9 million dollars.

Turkey:

2020-129.0 million dollars, 

2024-406.2 million dollars.

Belgium:

2020-123.6 million dollars, 

2024-305.8 million dollars.

Important conclusion:

Best results can be found in products having larger absolute difference between 2020's exports and prospects by 2024. It will create the space to earn additional export.

Three great markets are Germany, France and Portugal. The United States of America shows the largest absolute difference between potential and actual exports in value terms, leaving room to earn additional exports.

End of this insight.

Important announcement:

We can predict product, sector, country and region wise export/import insight by 2021-24.

First report includes:

Spain's Top 40 motor vehicle parts and 15 regions by 2021-24?

It is very important to know competitors' strengths and weaknesses. We provide other three competitor countries with vehicle parts export prospects by 2021-24.

Second report includes:

Below products top 40 markets, top 15 sub-region wise export/import insight by 2021-24.

We will provide a complimentary report on,

Spain's Vehicle Parts Exports to Top 40 Export Countries, By 2021-24"

We can predict the below products top 40 countries, top 15 sub-region wise export/import insights by 2021-24.

We will provide a complimentary report on,

Spain's Vehicle Parts Top 40 Export Countries, By 2021-24?

You can choose one of the below products for insight.

1. HS code 870421 Diesel powered trucks <=5t.

2. 840734 Spark-ignition reciprocating piston engine.

3. 870431 Gas powered trucks <=5t.

4. 870830 Motor vehicle brakes

5. 870120 Road tractors for semi-trailers.

6. 840999 Parts for compression-ignition internal engine.

7. 870422 Diesel powered trucks >5t but <=20t

8. Tractors

9. 870870 Motor vehicle wheels.

10. 8702 Motor vehicles for the transport of >=10 persons, incl. driver.

11. 870423 Diesel powered trucks >20t

12. 870893 Clutches.

13. 871120 Motorcycles, piston engine >50cm3 but <=250cm3.

14. 871639 Trailers for good transport.

15. 871410 Parts & accessories of motorcycles, mopeds

16. 871690 Parts of trailers.

17. 870810 Bumpers.

18. 870410 Dumpers.

19. 870590 Special purpose motor vehicles.

20. 871150 Motorcycles, piston engine >800cm3.

21. Motorcycles & cycles with auxiliary motor/side cars.

22. 870790 Motor vehicle bodies.

23. 870510 Crane lorries.

24. 870600 Chassis.

25. 870710 Automobile bodies.

26. 870821 Safety seat belts.

27. 840733 Spark-ignition reciprocating piston engine

28. 871140 Motorcycles, piston engine >500cm3 but <800cm3.

29. 870310 Snowmobiles.

30. 871610 Trailers for housing/camping.

31. 871130 Motorcycles, piston engine >250cm3 but <=500cm3

32. 871640 Trailers.

33. 870530 Fire fighting vehicles.

34. 870540 Concrete-mixer lorries.

35. 870130 Track-laying tractors.

36. 871110 Motorcycles, piston engine <=50cm3

37. 870432 Gas powered trucks >5t

38. 870490 Trucks

39. 871620 Trailers for agricultural purposes.

40. 870919 Work trucks.

41. 870990 Parts of work trucks.

42. 870911 Electrical work trucks.

43. 870110 Pedestrian controlled tractors

44. 870520 Mobile drilling derricks.

45. 840731 Spark-ignition reciprocating piston engine.

Few product insight may not be available for some countries. 

Email:

futureexportvision@gmail.com

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Note: All the values are in an US dollar. Prices may vary as per the market demand and dollar value fluctuation. 2020's average export value can be equivalent to or lower than export values recorded in other trade databases. 2020's value is the essence of the reliable reports and average value of the last five years. Six digit HS code was used for the above outlook.

'Professionals work. Experts create results. Authorities predict the future. DECIDE which one you are going to follow'

Research source:

1. World Trade Organization, Trade forecast.

2. World Bank WITS.

3. International Trade Centre.

Research access duration January 2021.

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