Castile and León | The Observatory of Economic Complexity

Castile and León

Autonomous Community in Spain

2023
Economic
Complexity -0.11Rank 8 of 18

Jan 2024
Trade
Exports | Imports €1.37B | €1.27B8 of 19 | 9 of 19

Jan 2024
Country
Destination | Origin France | France €329M | €232M

Image 1

Image by Edgardo W. Olivera
Link: https://flic.kr/p/G1vysx

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Castile and León. In January 2024 Castile and León was the number 8 in total exports and the number 10 in total imports in Spain.

Exports In 2023, Spain's Castile And León exported €14.8B, making it the 8th largest exporter out of the 18 exporters in Spain. In 2023 the top exports of Castile And León were Small Sized Cars (€2.57B), Spark-ignition non chargeable Cars (€1.01B), Pneumatic tyres new of rubber for... (€512M), Pneumatic tyres new of rubber for... (€442M), and Rubber; new pneumatic tyres, of a... (€353M).

Imports In 2023, Spain's Castile And León imported €13.9B, making it the 10th largest importer out of the 18 importers in Spain. In 2023 top imports of Castile And León were Other Motor vehicle parts (€1.26B), Others parts and accessories of bodies... (€522M), Uranium (enriched U235), plutonium compounds, alloys (€487M), Filtering or purifying machinery for gases... (€342M), and Transmissions for motor vehicles (€282M).

Economic Complexity In 2023, the highest complexity exports of Castile And León according to the product complexity index (PCI) are Drilling Machines (1.27), Spark-Ignition Engines (1.06), Compounded Unvulcanised Rubber (0.9), Electrical Insulators (0.82), Nuclear Reactors (0.78), Pig Meat (0.66), Insulating Glass (0.51), Animal Fat (0.44), Explosive Ammunition (0.42), and Iron Sheet Piling (0.39). 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 Castile and León exported €1.37B and imported €1.27B, resulting in a positive trade balance of €102M. Between January 2023 and January 2024 the exports of Castile and León have increased by $174M (14.5%) from €1.2B to €1.37B, while imports increased by €127M (11.2%) from €1.14B to €1.27B.

Trade In January 2024, the top exports of Castile and León were Cars (€320M), Rubber Tires (€136M), Motor vehicles; parts and accessories (8701... (€96.8M), Packaged Medicaments (€50.5M), and Spark-Ignition Engines (€42.3M). In January 2024 the top imports of Castile and León were Motor vehicles; parts and accessories (8701... (€253M), Hot-Rolled Iron (€59.7M), Cars (€43.2M), Radioactive Chemicals (€37.2M), and Packaged Medicaments (€32.5M).

Destinations In January 2024, Castile and León exported mostly to France (€329M), Portugal (€159M), Italy (€95.3M), Germany (€92.7M), and United Kingdom (€82.7M), and imported mostly from France (€232M), Italy (€133M), Germany (€128M), Portugal (€94.3M), and United Kingdom (€67.7M).

Growth In January 2024, the increase in Castile and León's year-by-year exports was explained primarily by an increase in exports to Portugal (€28.2M or 24.1%), Germany (€23.8M or 46%), and Italy (€19.8M or 24.9%), and product exports increase in Rubber Tires (€44.9M or 58.1%), Cars (€13.1M or 5.71%), and Sanitary towels (pads) (€11.7M or 113%). In January 2024, the increase in Castile and León's year-by-year imports was explained primarily by an increase in imports from United Kingdom (€42.7M or 104%), Belgium (€20.1M or 69%), and China (€19.1M or 43.1%), and product imports increase in Motor vehicles; parts and accessories (8701... (€27.9M or 14.1%), Semiconductor Devices (€21.8M or 1.38k%), and Packaged Medicaments (€10.5M or 56.8%).

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)€174M(14.5%)

IMPORT GROWTH (January 2023 - January 2024)€127M(11.2%)

This section shows exports and imports data at subnational level for Castile and León. 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 Castile and León over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)France€3.83B

Top Product (2023)Small Sized Cars€2.57B

In 2023 the top export destinations of Castile And León were France (€3.83B), Portugal (€1.91B), Italy (€1.39B), Germany (€1.32B), and Belgium (€1.11B).

In 2023 the top exports of Castile And León were Small Sized Cars (€2.57B), Spark-ignition non chargeable Cars (€1.01B), Pneumatic tyres new of rubber for... (€512M), Pneumatic tyres new of rubber for... (€442M), and Rubber; new pneumatic tyres, of a... (€353M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Romania €61.2M (765%)

France €55.3M (20.2%)

United Kingdom €37.8M (84.2%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Netherlands -€9.76M (-22.6%)

Belgium -€9.67M (-12.4%)

Brazil -€9.18M (-30.7%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)France€3.5B

Top Import (2023)Other Motor vehicle parts€1.26B

In 2023 the top import origins of Castile And León were France (€3.5B), Germany (€1.52B), Italy (€1.14B), Portugal (€1.11B), and United Kingdom (€858M).

In 2023 the top imports of Castile And León were Other Motor vehicle parts (€1.26B), Others parts and accessories of bodies... (€522M), Uranium (enriched U235), plutonium compounds, alloys (€487M), Filtering or purifying machinery for gases... (€342M), and Transmissions for motor vehicles (€282M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Italy €46.4M (53.5%)

Japan €44.9M (992%)

Romania €19.8M (82.5%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

France -€17.6M (-7.06%)

United Kingdom -€16.2M (-19.3%)

Poland -€9.83M (-18.4%)

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Economic Complexity

Economic Complexity of Castile And León

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Geomap

Treemap

Economic Complexity (2023)-0.11

Castile And León ranks 8th 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. Castile And León it is in position 8th 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 Castile And León already has a comparative advantage, are led by Toilet Paper (0.24), Cereal Meal and Pellets (0.24), Metal Stoppers (0.24), Flavored Water (0.24), and Wood Crates (0.24).

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Most Complex Products by PCI

The highest complexity exports of Castile And León according to the product complexity index (PCI) are Drilling Machines (1.27), Spark-Ignition Engines (1.06), Compounded Unvulcanised Rubber (0.9), Electrical Insulators (0.82), Nuclear Reactors (0.78), Pig Meat (0.66), Insulating Glass (0.51), Animal Fat (0.44), Explosive Ammunition (0.42), and Iron Sheet Piling (0.39). 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 Worked Slate (203.70), Nuclear Reactors (102.35), Drilling Machines (34.10), Explosive Ammunition (33.32), and Animal Fat (32.62).

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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 Castile And León 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 Castile And León. These are products that tend to be co-exported with the products that Castile And León 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.