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Overview This page contains the latest international trade data for Region of Murcia. In December 2023 Region of Murcia was the number 9 in total exports and the number 9 in total imports in Spain.

Exports In 2023, Spain's Region Of Murcia exported €14.4B, making it the 9th largest exporter out of the 18 exporters in Spain. In 2023 the top exports of Region Of Murcia were Light petroleum distillates nes (€1.65B), Petroleum oils, oils from bituminous minerals,... (€782M), Commodities not specified according to kind (€733M), Petroleum spirit for motor vehicles (€451M), and Cauliflowers & Broccoli (Fresh/Chilled) (€436M).

Imports In 2023, Spain's Region Of Murcia imported €18.8B, making it the 9th largest importer out of the 18 importers in Spain. In 2023 top imports of Region Of Murcia were Petroleum oils, oils from bituminous minerals,... (€8.06B), Soya beans: other than seed, whether... (€491M), Maize except seed corn (€364M), Light petroleum distillates nes (€344M), and Refined sugar, in solid form, nes,... (€238M).

Economic Complexity In 2023, the highest complexity exports of Region Of Murcia according to the product complexity index (PCI) are Cyclic Alcohols (0.81), Polyacetals (0.8), Pig Meat (0.66), Animal Fat (0.44), Vegetable or Animal Dyes (0.32), Preserved Meat (0.26), Electric Generating Sets (0.26), Scented Mixtures (0.2), Vinegar (0.16), and Sausages (0.16). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)France€2.27B
Top Product (2023)Light petroleum distillates nes€1.65B

In 2023 the top export destinations of Region Of Murcia were France (€2.27B), Germany (€1.59B), Netherlands (€1.25B), Morocco (€1.07B), and Italy (€1.05B).

In 2023 the top exports of Region Of Murcia were Light petroleum distillates nes (€1.65B), Petroleum oils, oils from bituminous minerals,... (€782M), Commodities not specified according to kind (€733M), Petroleum spirit for motor vehicles (€451M), and Cauliflowers & Broccoli (Fresh/Chilled) (€436M).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2022 - Dec 2023)
France €85.7M (61.5%)
Slovenia €24M (3.67k%)
Malta €18.7M (2.91k%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
Italy -€68.8M (-57%)
Morocco -€62.8M (-68.7%)
Brazil -€39.6M (-60.2%)

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Yearly Imports

Color
Depth
Top Origin (2023)Mexico€1.56B

In 2023 the top import origins of Region Of Murcia were Mexico (€1.56B), Saudi Arabia (€1.33B), China (€897M), Brazil (€855M), and Canada (€792M).

In 2023 the top imports of Region Of Murcia were Petroleum oils, oils from bituminous minerals,... (€8.06B), Soya beans: other than seed, whether... (€491M), Maize except seed corn (€364M), Light petroleum distillates nes (€344M), and Refined sugar, in solid form, nes,... (€238M).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2022 - Dec 2023)
Venezuela €60.8M (14.5M%)
Libya €48.4M (106%)
Saudi Arabia €30.9M (60.6%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
Russia -€143M (-99.9%)
Kazakhstan -€29.3M (-100%)
Malaysia -€28.2M (-78.9%)

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Economic Complexity

Economic Complexity of Region Of Murcia

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Economic Complexity (2023)-0.52

Region Of Murcia ranks 18th 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

The economic complexity of a territory can change year to year. Region Of Murcia it is in position 18th 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 Region Of Murcia already has a comparative advantage, are led by Cement (0.23), Bananas (0.23), Other Oily Seeds (0.23), Insect Resins (0.23), and Dried Legumes (0.23).

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Most Complex Products by PCI

The highest complexity exports of Region Of Murcia according to the product complexity index (PCI) are Cyclic Alcohols (0.81), Polyacetals (0.8), Pig Meat (0.66), Animal Fat (0.44), Vegetable or Animal Dyes (0.32), Preserved Meat (0.26), Electric Generating Sets (0.26), Scented Mixtures (0.2), Vinegar (0.16), and Sausages (0.16). 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 Lettuce (298.80), Cabbages (205.95), Sheep and Goats (104.25), Melons (88.74), and Pepper (80.31).

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Product Space

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 Region Of Murcia 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  Region Of Murcia. These are products that tend to be co-exported with the products that Region Of Murcia 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
Filter

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.

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