Cantabria | The Observatory of Economic Complexity

Cantabria

Autonomous Community in Spain

2023
Economic
Complexity -0.04Rank 6 of 18

Jan 2024
Trade
Exports | Imports €249M | €215M15 of 19 | 15 of 19

Jan 2024
Country
Destination | Origin France | Germany €51.9M | €38.2M

Image 1

Image by Dan
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Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Cantabria. In January 2024 Cantabria was the number 13 in total exports and the number 14 in total imports in Spain.

Exports In 2023, Spain's Cantabria exported €3.51B, making it the 13th largest exporter out of the 18 exporters in Spain. In 2023 the top exports of Cantabria were Commodities not specified according to kind (€222M), DC motors, DC generators, of an... (€183M), Micro Cars (€158M), Generators and alternators (€145M), and Styrene-butadiene rubber (SBR/XSBR) except latex (€130M).

Imports In 2023, Spain's Cantabria imported €3.08B, making it the 14th largest importer out of the 18 importers in Spain. In 2023 top imports of Cantabria were Spark-ignition non chargeable Cars (€229M), Electric motor Vehicles (€116M), Cereals: wheat and meslin, other than... (€83.7M), Maize except seed corn (€78.3M), and Ferrous waste or scrap, nes (€67M).

Economic Complexity In 2023, the highest complexity exports of Cantabria according to the product complexity index (PCI) are Metalworking Machine Parts (1.5), Boiler Plants (1.26), Metal-Rolling Mills (1.22), Other Iron Products (0.87), Electric Motor Parts (0.85), Electric Motors (0.84), Nuclear Reactors (0.78), Vehicle Bodies (including cabs) for the... (0.7), Polycarboxylic Acids (0.68), and Electrical Ignitions (0.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2024

About

Overview In January 2024 Cantabria exported €249M and imported €215M, resulting in a positive trade balance of €33.7M. Between January 2023 and January 2024 the exports of Cantabria have decreased by $-19.9M (-7.39%) from €269M to €249M, while imports increased by €3.21M (1.51%) from €212M to €215M.

Trade In January 2024, the top exports of Cantabria were Electrical Ignitions (€15.8M), Carbonates (€14.7M), Raw Plastic Sheeting (€14.5M), Commodities not elsewhere specified (€14.5M), and Electric Motors (€14.1M). In January 2024 the top imports of Cantabria were Cars (€18.8M), Wheat (€10.9M), Corn (€8.94M), Thermostats (€8.67M), and Mixed Mineral or Chemical Fertilizers (€6.67M).

Destinations In January 2024, Cantabria exported mostly to France (€51.9M), Germany (€32.2M), Italy (€18.4M), Portugal (€16.3M), and United Kingdom (€11.9M), and imported mostly from Germany (€38.2M), Netherlands (€15.8M), United Kingdom (€14M), France (€13M), and China (€11.9M).

Growth In January 2024, the decrease in Cantabria's year-by-year exports was explained primarily by an decrease in exports to Belgium (€-4.09M or -30.9%), Netherlands (€-3.58M or -36.7%), and Sweden (€-2.2M or -27.2%), and product exports decrease in Raw Plastic Sheeting (€-7.29M or -25.4%), Commodities not elsewhere specified (€-6.04M or -24.5%), and Hot-Rolled Iron Bars (€-5.35M or -50.3%). In January 2024, the increase in Cantabria's year-by-year imports was explained primarily by an increase in imports from Poland (€12.8M or 485%), United States (€5.97M or 176%), and South Africa (€5.81M or 265%), and product imports increase in Coal Briquettes (€13.3M or 48k%), Wheat (€6.72M or 218%), and Seed Oils (€4.02M or 32.3k%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (January 2023 - January 2024)€-19.9M(-7.39%)

IMPORT GROWTH (January 2023 - January 2024)€3.21M(1.51%)

This section shows exports and imports data at subnational level for Cantabria. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Cantabria over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)France€674M

Top Product (2023)Commodities not specified according to kind€222M

In 2023 the top export destinations of Cantabria were France (€674M), Germany (€467M), Italy (€283M), Portugal (€206M), and United Kingdom (€162M).

In 2023 the top exports of Cantabria were Commodities not specified according to kind (€222M), DC motors, DC generators, of an... (€183M), Micro Cars (€158M), Generators and alternators (€145M), and Styrene-butadiene rubber (SBR/XSBR) except latex (€130M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Taiwan €7.02M (2.3k%)

Turkey €3.26M (115%)

Netherlands €3.16M (51.1%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Germany -€11.7M (-26.6%)

France -€5.74M (-9.96%)

United Kingdom -€3.38M (-22.1%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)United Kingdom€408M

Top Import (2023)Spark-ignition non chargeable Cars€229M

In 2023 the top import origins of Cantabria were United Kingdom (€408M), Germany (€383M), France (€219M), China (€158M), and Italy (€121M).

In 2023 the top imports of Cantabria were Spark-ignition non chargeable Cars (€229M), Electric motor Vehicles (€116M), Cereals: wheat and meslin, other than... (€83.7M), Maize except seed corn (€78.3M), and Ferrous waste or scrap, nes (€67M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Germany €18M (89.3%)

Canada €11M (7.58k%)

Ukraine €8.84M (244k%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Poland -€11.3M (-72.9%)

United Kingdom -€6.88M (-32.9%)

South Africa -€5.89M (-73.6%)

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Economic Complexity

Economic Complexity of Cantabria

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Geomap

Treemap

Economic Complexity (2023)-0.04

Cantabria ranks 6th out of the 18 autonomous communities in Spain according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Economic Complexity Ranking

Value

Ranking

Value

The economic complexity of a territory can change year to year. Cantabria it is in position 6th considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Cantabria already has a comparative advantage, are led by Iron Blocks (0.17), Iron Wire (0.17), Tissue (0.17), Other Small Iron Pipes (0.17), and Particle Board (0.17).

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Most Complex Products by PCI

The highest complexity exports of Cantabria according to the product complexity index (PCI) are Metalworking Machine Parts (1.5), Boiler Plants (1.26), Metal-Rolling Mills (1.22), Other Iron Products (0.87), Electric Motor Parts (0.85), Electric Motors (0.84), Nuclear Reactors (0.78), Vehicle Bodies (including cabs) for the... (0.7), Polycarboxylic Acids (0.68), and Electrical Ignitions (0.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Steel Bars (153.65), Cast Iron Pipes (150.45), Plaster Articles (149.80), Nuclear Reactors (108.76), and Carbonates (89.18).

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Product Space

RCA Filter

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Cantabria is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

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Relatedness Space

This network shows the products most related to the production structure of Cantabria. These are products that tend to be co-exported with the products that Cantabria exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.