La Coruña | The Observatory of Economic Complexity

La Coruña

Province in Galicia, Autonomous Community in Spain

2023
Economic
Complexity -0.51Rank 45 of 49

Aug 2024
Country
Destination | Origin France | United States €212M | €131M

Image 1

Image by antonioxalonso
Link: https://flic.kr/p/2Pkfwq

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for La Coruña. In August 2024 La Coruña was the number 7 in total exports and the number 10 in total imports in Spain.

Exports In 2023, Spain's La Coruña exported €14.8B, making it the 7th largest exporter out of the 52 exporters in Spain. In 2023 the top exports of La Coruña were Womens, girls trousers & shorts, of... (€741M), Tuna, skipjack, bonito, prepared/preserved, not mince (€484M), Light petroleum distillates nes (€473M), Pullovers, cardigans etc of manmade fibres,... (€404M), and Pullovers, cardigans etc of cotton, knit (€354M).

Imports In 2023, Spain's La Coruña imported €13.5B, making it the 10th largest importer out of the 52 importers in Spain. In 2023 top imports of La Coruña were Petroleum oils, oils from bituminous minerals,... (€2.38B), Tuna, skipjack, bonito, prepared/preserved, not mince (€411M), Light petroleum distillates nes (€320M), Natural gas, liquefied (€272M), and Maize except seed corn (€212M).

Economic Complexity In 2023, the highest complexity exports of La Coruña according to the product complexity index (PCI) are Carbon-based Electronics (0.68), Flax Woven Fabric (0.66), Peptones (0.59), Pigs (0.42), Carded Wool or Animal Hair Fabric (0.34), Particle Board (0.17), Aluminium Bars (-0.02), Artificial Filament Yarn Woven Fabric (-0.033), Perfumes (-0.073), and Wood Fiberboard (-0.088). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

August, 2024

About

Overview In August 2024 La Coruña exported €1.16B and imported €940M, resulting in a positive trade balance of €224M. Between August 2023 and August 2024 the exports of La Coruña have increased by $29.7M (2.62%) from €1.13B to €1.16B, while imports increased by €212M (29.2%) from €728M to €940M.

Trade In August 2024, the top exports of La Coruña were Non-Knit Women's Suits (€160M), Knit Sweaters (€73.4M), Processed Fish (€58.7M), Refined Petroleum (€57.5M), and Knit T-shirts (€49M). In August 2024 the top imports of La Coruña were Crude Petroleum (€299M), Processed Fish (€51.3M), Non-Knit Women's Suits (€41.3M), Petroleum Gas (€41M), and Knit Sweaters (€30.3M).

Destinations In August 2024, La Coruña exported mostly to France (€212M), Portugal (€135M), Poland (€126M), Italy (€123M), and Morocco (€72.4M), and imported mostly from United States (€131M), Portugal (€85.1M), Mexico (€70.7M), Libya (€66.7M), and Turkey (€64.3M).

Growth In August 2024, the increase in La Coruña's year-by-year exports was explained primarily by an increase in exports to Belgium (€21.7M or 57%), Italy (€7.29M or 6.32%), and Poland (€7.04M or 5.92%), and product exports increase in Crude Petroleum (€21.6M or 5.79M%), Commodities not elsewhere specified (€15.4M or 60.4%), and Non-Knit Women's Suits (€8.29M or 5.47%). In August 2024, the increase in La Coruña's year-by-year imports was explained primarily by an increase in imports from Mexico (€49.1M or 227%), Russia (€38.5M or 1.55k%), and Canada (€28M or 364%), and product imports increase in Crude Petroleum (€138M or 85%), Petroleum Gas (€41M or 534k%), and Non-Knit Women's Suits (€13.9M or 50.6%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (August 2023 - August 2024)€29.7M(2.62%)

IMPORT GROWTH (August 2023 - August 2024)€212M(29.2%)

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)France€2.24B

Top Product (2023)Womens, girls trousers & shorts, of...€741M

In 2023 the top export destinations of La Coruña were France (€2.24B), Portugal (€1.61B), Italy (€1.59B), Poland (€1.47B), and Morocco (€908M).

In 2023 the top exports of La Coruña were Womens, girls trousers & shorts, of... (€741M), Tuna, skipjack, bonito, prepared/preserved, not mince (€484M), Light petroleum distillates nes (€473M), Pullovers, cardigans etc of manmade fibres,... (€404M), and Pullovers, cardigans etc of cotton, knit (€354M).

Explore Visualizations

Subscribe today to OEC pro and access the latest data

Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Aug 2023 - Aug 2024)

Belgium €21.7M (57%)

Italy €7.29M (6.32%)

Poland €7.04M (5.92%)

Rapidly Declining Export Origins (Aug 2023 - Aug 2024)

Cyprus -€16.4M (-72.8%)

France -€13.4M (-5.95%)

United States -€6.38M (-29.2%)

Subscribe today to OEC pro and access the latest data

Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Portugal€1.23B

Top Import (2023)Petroleum oils, oils from bituminous minerals,...€2.38B

In 2023 the top import origins of La Coruña were Portugal (€1.23B), United States (€1.05B), China (€730M), Turkey (€622M), and Libya (€490M).

In 2023 the top imports of La Coruña were Petroleum oils, oils from bituminous minerals,... (€2.38B), Tuna, skipjack, bonito, prepared/preserved, not mince (€411M), Light petroleum distillates nes (€320M), Natural gas, liquefied (€272M), and Maize except seed corn (€212M).

Explore Visualizations

Subscribe today to OEC pro and access the latest data

Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Aug 2023 - Aug 2024)

Mexico €49.1M (227%)

Russia €38.5M (1.55k%)

Canada €28M (364%)

Rapidly Declining Import Origins (Aug 2023 - Aug 2024)

Brazil -€22.2M (-48.6%)

Argentina -€16.6M (-95.8%)

Portugal -€9.87M (-10.4%)

Subscribe today to OEC pro and access the latest data

Economic Complexity

Economic Complexity of La Coruña

View

Geomap

Treemap

Economic Complexity (2023)-0.51

La Coruña ranks 45th 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.

Discover Economic Complexity

Subscribe today to OEC pro and access the latest data

Economic Complexity Ranking

Value

Ranking

Value

The economic complexity of a territory can change year to year. La Coruña it is in position 45th considering its ECI in the last year.

Discover Economic Complexity

Subscribe today to OEC pro and access the latest data

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 Other Cloth Articles (0.27), Packing Bags (0.24), Mattresses (0.23), Waterproof Footwear (0.23), and Non-Retail Pure Cotton Yarn (0.23).

Subscribe today to OEC pro and access the latest data

Most Complex Products by PCI

The highest complexity exports of La Coruña according to the product complexity index (PCI) are Carbon-based Electronics (0.68), Flax Woven Fabric (0.66), Peptones (0.59), Pigs (0.42), Carded Wool or Animal Hair Fabric (0.34), Particle Board (0.17), Aluminium Bars (-0.02), Artificial Filament Yarn Woven Fabric (-0.033), Perfumes (-0.073), and Wood Fiberboard (-0.088). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Subscribe today to OEC pro and access the latest data

Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Non-Knit Babies' Garments (85.10), Carded Wool or Animal Hair Fabric (80.53), Artificial Filament Yarn Woven Fabric (73.74), Quartz (65.22), and Flax Woven Fabric (61.36).

Subscribe today to OEC pro and access the latest data

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.

Subscribe today to OEC pro and access the latest data

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.

Subscribe today to OEC pro and access the latest data

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.