La Coruña | The Observatory of Economic Complexity

La Coruña

Province in Galicia, Autonomous Community in Spain

2024
Economic
Complexity -0.45Rank 44 of 49

Dec 2024
Country
Destination | Origin Portugal | Libya €162M | €137M

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Image by antonioxalonso
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Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for La Coruña. In December 2024 La Coruña was the number 6 in total exports and the number 9 in total imports in Spain.

Exports In 2024, Spain's La Coruña exported €14.8B, making it the 6th largest exporter out of the 52 exporters in Spain. In 2024 the top exports of La Coruña were Womens, girls trousers & shorts, of... (€728M), Tuna, skipjack, bonito, prepared/preserved, not mince (€509M), Commodities not specified according to kind (€487M), Knit Pullovers & Cardigans (Manmade Fibres) (€478M), and Light petroleum distillates nes (€474M).

Imports In 2024, Spain's La Coruña imported €13.5B, making it the 9th largest importer out of the 52 importers in Spain. In 2024 top imports of La Coruña were Crude Petroleum Oils (€2.92B), Tuna, skipjack, bonito, prepared/preserved, not mince (€521M), Liquefied Natural Gas (€404M), Pullovers, cardigans etc of cotton, knit (€229M), and Soya-bean oil-cake and other solid residues (€219M).

Economic Complexity In 2024, the highest complexity exports of La Coruña according to the product complexity index (PCI) are Carbon-based Electronics (0.7), Flax Woven Fabric (0.67), Pigs (0.53), Peptones (0.45), Carded Wool or Animal Hair Fabric (0.43), Artificial Filament Yarn Woven Fabric (0.24), Particle Board (0.22), Perfumes (0.004), Wood Fiberboard (-0.015), and Aluminium Bars (-0.046). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

December, 2024

About

Overview In December 2024 La Coruña exported €1.12B and imported €887M, resulting in a positive trade balance of €237M. Between December 2023 and December 2024 the exports of La Coruña have increased by $22M (2%) from €1.1B to €1.12B, while imports increased by €164M (22.6%) from €723M to €887M.

Trade In December 2024, the top exports of La Coruña were Knit Sweaters (€128M), Biodiesel and mixtures thereof (€104M), Non-Knit Women's Suits (€94.2M), Refined Petroleum (€44M), and Non-Knit Women's Coats (€40.9M). In December 2024 the top imports of La Coruña were Crude Petroleum (€285M), Petroleum Gas (€79.7M), Knit Sweaters (€40M), Processed Fish (€39.9M), and Non-Knit Men's Suits (€25.9M).

Destinations In December 2024, La Coruña exported mostly to Portugal (€162M), France (€157M), Poland (€139M), United States (€122M), and Italy (€112M), and imported mostly from Libya (€137M), Mexico (€98.6M), Portugal (€89.4M), Russia (€79.6M), and United States (€72.3M).

Growth In December 2024, the increase in La Coruña's year-by-year exports was explained primarily by an increase in exports to United States (€53.5M or 77.7%), Poland (€26.4M or 23.5%), and Portugal (€16.8M or 11.5%), and product exports increase in Biodiesel and mixtures thereof (€87.1M or 509%), Knit Sweaters (€22.8M or 21.7%), and Knit Women's Coats (€12.1M or 58.1%). In December 2024, the increase in La Coruña's year-by-year imports was explained primarily by an increase in imports from Russia (€76.7M or 2.58k%), Mexico (€70.7M or 254%), and Portugal (€23.6M or 35.9%), and product imports increase in Petroleum Gas (€79.7M or 10.3M%), Crude Petroleum (€49.5M or 21%), and Processed Fish (€15M or 60.5%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (December 2023 - December 2024)€22M(2%)

IMPORT GROWTH (December 2023 - December 2024)€164M(22.6%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2024)France€2.15B

Top Product (2024)Womens, girls trousers & shorts, of...€728M

In 2024 the top export destinations of La Coruña were France (€2.15B), Portugal (€1.68B), Italy (€1.58B), Poland (€1.56B), and Morocco (€963M).

In 2024 the top exports of La Coruña were Womens, girls trousers & shorts, of... (€728M), Tuna, skipjack, bonito, prepared/preserved, not mince (€509M), Commodities not specified according to kind (€487M), Knit Pullovers & Cardigans (Manmade Fibres) (€478M), and Light petroleum distillates nes (€474M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Dec 2023 - Dec 2024)

United States €53.5M (77.7%)

Poland €26.4M (23.5%)

Portugal €16.8M (11.5%)

Rapidly Declining Export Origins (Dec 2023 - Dec 2024)

France -€41.9M (-21.1%)

United Kingdom -€22.7M (-51.3%)

Belgium -€11.5M (-35.6%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2024)Portugal€1.21B

Top Import (2024)Crude Petroleum Oils€2.92B

In 2024 the top import origins of La Coruña were Portugal (€1.21B), United States (€1.17B), Mexico (€1.01B), China (€842M), and Turkey (€718M).

In 2024 the top imports of La Coruña were Crude Petroleum Oils (€2.92B), Tuna, skipjack, bonito, prepared/preserved, not mince (€521M), Liquefied Natural Gas (€404M), Pullovers, cardigans etc of cotton, knit (€229M), and Soya-bean oil-cake and other solid residues (€219M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Dec 2023 - Dec 2024)

Russia €76.7M (2.58k%)

Mexico €70.7M (254%)

Portugal €23.6M (35.9%)

Rapidly Declining Import Origins (Dec 2023 - Dec 2024)

United States -€79.2M (-52.3%)

Ukraine -€25.9M (-99.5%)

Brazil -€23.4M (-69.4%)

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Economic Complexity

Economic Complexity of La Coruña

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Geomap

Treemap

Economic Complexity (2024)-0.45

La Coruña ranks 44th 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. La Coruña it is in position 44th 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 La Coruña already has a comparative advantage, are led by Non-Retail Pure Cotton Yarn (0.25), Other Cloth Articles (0.25), Mattresses (0.24), Packing Bags (0.24), and Non-Knit Gloves (0.24).

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Most Complex Products by PCI

The highest complexity exports of La Coruña according to the product complexity index (PCI) are Carbon-based Electronics (0.7), Flax Woven Fabric (0.67), Pigs (0.53), Peptones (0.45), Carded Wool or Animal Hair Fabric (0.43), Artificial Filament Yarn Woven Fabric (0.24), Particle Board (0.22), Perfumes (0.004), Wood Fiberboard (-0.015), and Aluminium Bars (-0.046). 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 Non-Knit Babies' Garments (92.44), Artificial Filament Yarn Woven Fabric (79.34), Carded Wool or Animal Hair Fabric (71.39), Flax Woven Fabric (60.17), and Knit Women's Coats (58.48).

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