Toledo | The Observatory of Economic Complexity

Toledo

Province in Castilla-La Mancha, Autonomous Community in Spain

2023
Economic
Complexity -0.17Rank 23 of 49

Jan 2024
Trade
Exports | Imports €218M | €376M28 of 53 | 22 of 53

Jan 2024
Country
Destination | Origin Portugal | Germany €45.7M | €80.9M

Image 1

Image by Mussi Katz
Link: https://flic.kr/p/L7xkc8

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Toledo. In January 2024 Toledo was the number 27 in total exports and the number 22 in total imports in Spain.

Exports In 2023, Spain's Toledo exported €2.86B, making it the 27th largest exporter out of the 52 exporters in Spain. In 2023 the top exports of Toledo were Human vaccines and similar products (€155M), Grape wines, alcoholic grape must nes (€94.4M), Extra virgin olive oil (€83.2M), Cured Pork Meat (Excluding Hams, Shoulders,... (€76.2M), and Articles of carbon fibres for non-electrical... (€57.2M).

Imports In 2023, Spain's Toledo imported €4.15B, making it the 22nd largest importer out of the 52 importers in Spain. In 2023 top imports of Toledo were Pneumatic tyres new of rubber for... (€242M), Photosensitive devices; assembled photovoltaic modules/panels (€166M), Human vaccines and similar products (€165M), Pneumatic tyres new of rubber for... (€134M), and Immunological products packings for retail sale (€106M).

Economic Complexity In 2023, the highest complexity exports of Toledo according to the product complexity index (PCI) are Other Stone Articles (1.1), Copper Pipe Fittings (1.03), Vitamins (1), Cyclic Alcohols (0.81), Weapons Parts and Accessories (0.76), Pig Meat (0.66), Glands and Other Organs (0.66), Roofing Tiles (0.59), Animal Fat (0.44), and Vegetable Alkaloids (0.42). 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 Toledo exported €218M and imported €376M, resulting in a negative trade balance of €159M. Between January 2023 and January 2024 the exports of Toledo have decreased by $-223k (-0.1%) from €218M to €218M, while imports increased by €44.7M (13.5%) from €332M to €376M.

Trade In January 2024, the top exports of Toledo were Pure Olive Oil (€18.2M), Wine (€11.1M), Other Stone Articles (€9.8M), Preserved Meat (€8.11M), and Leather Footwear (€5.99M). In January 2024 the top imports of Toledo were Rubber Tires (€34.3M), Vaccines, blood, antisera, toxins and cultures (€20.4M), Packaged Medicaments (€16.8M), Leather Footwear (€11.5M), and Chocolate (€10.7M).

Destinations In January 2024, Toledo exported mostly to Portugal (€45.7M), France (€37.5M), Germany (€30.5M), Italy (€27.6M), and Poland (€14.3M), and imported mostly from Germany (€80.9M), France (€45.4M), Italy (€40M), Poland (€38M), and China (€31.5M).

Growth In January 2024, the decrease in Toledo's year-by-year exports was explained primarily by an decrease in exports to Italy (€-5.67M or -27.7%), Belgium (€-2.35M or -14.7%), and Qatar (€-1.91M or -89.8%), and product exports decrease in Rubber Tires (€-4.02M or -81%), Medical Instruments (€-2.61M or -25.1%), and Liquid Pumps (€-2.49M or -58.6%). In January 2024, the increase in Toledo's year-by-year imports was explained primarily by an increase in imports from Poland (€16.8M or 80.1%), Italy (€11.4M or 28.4%), and France (€8.78M or 36.3%), and product imports increase in Rubber Tires (€17.4M or 124%), Glass Bottles (€5.9M or 370%), and Refined Petroleum (€3.1M or 836%).

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)€-223k(-0.1%)

IMPORT GROWTH (January 2023 - January 2024)€44.7M(13.5%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)Portugal€545M

Top Product (2023)Human vaccines and similar products€155M

In 2023 the top export destinations of Toledo were Portugal (€545M), France (€394M), Germany (€373M), Italy (€242M), and Belgium (€196M).

In 2023 the top exports of Toledo were Human vaccines and similar products (€155M), Grape wines, alcoholic grape must nes (€94.4M), Extra virgin olive oil (€83.2M), Cured Pork Meat (Excluding Hams, Shoulders,... (€76.2M), and Articles of carbon fibres for non-electrical... (€57.2M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Italy €12.8M (86.8%)

United States €3.69M (80.4%)

Germany €3.08M (11.2%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Belgium -€10.4M (-76.2%)

China -€6.13M (-76.8%)

Morocco -€2.53M (-57.7%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Germany€823M

Top Import (2023)Pneumatic tyres new of rubber for...€242M

In 2023 the top import origins of Toledo were Germany (€823M), Italy (€563M), France (€512M), China (€470M), and Portugal (€434M).

In 2023 the top imports of Toledo were Pneumatic tyres new of rubber for... (€242M), Photosensitive devices; assembled photovoltaic modules/panels (€166M), Human vaccines and similar products (€165M), Pneumatic tyres new of rubber for... (€134M), and Immunological products packings for retail sale (€106M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Germany €25.3M (45.5%)

France €12.4M (37.6%)

Turkey €4.88M (213%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Italy -€11.5M (-22.3%)

Netherlands -€3.14M (-26.1%)

United States -€2.48M (-21.4%)

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Economic Complexity

Economic Complexity of Toledo

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Geomap

Treemap

Economic Complexity (2023)-0.17

Toledo ranks 23rd out of the 52 provinces 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. Toledo it is in position 23rd 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 Toledo already has a comparative advantage, are led by Knit Women's Shirts (0.29), Non-Knit Men's Undergarments (0.28), Other Vegetables (0.28), Non-Knit Women's Undergarments (0.27), and Knit Women's Undergarments (0.27).

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Most Complex Products by PCI

The highest complexity exports of Toledo according to the product complexity index (PCI) are Other Stone Articles (1.1), Copper Pipe Fittings (1.03), Vitamins (1), Cyclic Alcohols (0.81), Weapons Parts and Accessories (0.76), Pig Meat (0.66), Glands and Other Organs (0.66), Roofing Tiles (0.59), Animal Fat (0.44), and Vegetable Alkaloids (0.42). 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 Preserved Meat (129.05), Roofing Tiles (85.87), Vegetable Alkaloids (82.11), Pure Olive Oil (73.44), and Other Stone Articles (72.54).

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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 Toledo 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 Toledo. These are products that tend to be co-exported with the products that Toledo 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.