Based on the provided data, the forecasted export of tractors from Spain shows a steady increase from 2024 to 2028. In 2023, the export value of tractors stood at 1.206 billion US Dollars. The year-on-year variations are as follows: from 2024 to 2025, there is a 2.04% increase; from 2025 to 2026, a 1.97% rise; from 2026 to 2027, a 1.89% increase; and from 2027 to 2028, a 1.81% growth. The computed Compound Annual Growth Rate (CAGR) for the period from 2024 to 2028 is approximately 1.99%.

Future trends to watch for:

The demand for sustainable agricultural machinery could affect export dynamics.
Trade relations and tariffs between Spain and importing countries may impact export volumes.
Technological advancements in tractor manufacturing could enhance competitive advantage.