La Coruña | The Observatory of Economic Complexity

La Coruña

Province in Galicia, Autonomous Community in Spain

2023
Economic
Complexity -0.51Rank 45 of 49

Sep 2024
Country
Destination | Origin France | Portugal €201M | €101M

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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 September 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), Knit Pullovers & Cardigans (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 Crude Petroleum Oils (€2.38B), Tuna, skipjack, bonito, prepared/preserved, not mince (€411M), Light petroleum distillates nes (€320M), Liquefied Natural Gas (€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

September, 2024

About

Overview In September 2024 La Coruña exported €1.22B and imported €893M, resulting in a positive trade balance of €325M. Between September 2023 and September 2024 the exports of La Coruña have increased by $16.5M (1.37%) from €1.2B to €1.22B, while imports decreased by €-64.4M (-6.73%) from €957M to €893M.

Trade In September 2024, the top exports of La Coruña were Non-Knit Women's Suits (€147M), Knit Sweaters (€112M), Commodities not elsewhere specified (€58.1M), Processed Fish (€56.9M), and Non-Knit Women's Coats (€44.5M). In September 2024 the top imports of La Coruña were Crude Petroleum (€145M), Processed Fish (€59.3M), Non-Knit Women's Suits (€52.2M), Knit Sweaters (€39.8M), and Petroleum Gas (€38.4M).

Destinations In September 2024, La Coruña exported mostly to France (€201M), Poland (€163M), Italy (€160M), Portugal (€141M), and Morocco (€83.6M), and imported mostly from Portugal (€101M), United States (€82.9M), Turkey (€72.8M), China (€65.4M), and Morocco (€56.6M).

Growth In September 2024, the increase in La Coruña's year-by-year exports was explained primarily by an increase in exports to Poland (€27M or 19.9%), Italy (€19.4M or 13.8%), and Belgium (€12.8M or 46.3%), and product exports increase in Commodities not elsewhere specified (€49.4M or 563%), Knit Sweaters (€16.1M or 16.8%), and Processed Fish (€6.79M or 13.5%). In September 2024, the decrease in La Coruña's year-by-year imports was explained primarily by an decrease in imports from United States (€-104M or -55.6%), Mexico (€-48.9M or -47.7%), and Argentina (€-19.5M or -97.2%), and product imports decrease in Crude Petroleum (€-185M or -56%), Inedible Fats and Oils (€-9.78M or -75.3%), and Semi-Finished Iron (€-5.49M or -28.5%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (September 2023 - September 2024)€16.5M(1.37%)

IMPORT GROWTH (September 2023 - September 2024)€-64.4M(-6.73%)

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 (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), Knit Pullovers & Cardigans (Manmade Fibres) (€404M), and Pullovers, cardigans etc of cotton, knit (€354M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Sep 2023 - Sep 2024)

Poland €27M (19.9%)

Italy €19.4M (13.8%)

Belgium €12.8M (46.3%)

Rapidly Declining Export Origins (Sep 2023 - Sep 2024)

France -€27.7M (-12.1%)

Saudi Arabia -€15.7M (-89.5%)

United States -€12.8M (-43.6%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Portugal€1.23B

Top Import (2023)Crude Petroleum Oils€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 Crude Petroleum Oils (€2.38B), Tuna, skipjack, bonito, prepared/preserved, not mince (€411M), Light petroleum distillates nes (€320M), Liquefied Natural Gas (€272M), and Maize except seed corn (€212M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Sep 2023 - Sep 2024)

Russia €36.8M (2.19k%)

Ecuador €16.3M (202%)

Morocco €13M (29.7%)

Rapidly Declining Import Origins (Sep 2023 - Sep 2024)

United States -€104M (-55.6%)

Mexico -€48.9M (-47.7%)

Argentina -€19.5M (-97.2%)

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Economic Complexity

Economic Complexity of La Coruña

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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.

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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 45th 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 Other Cloth Articles (0.27), Packing Bags (0.24), Mattresses (0.23), Waterproof Footwear (0.23), and Non-Retail Pure Cotton Yarn (0.23).

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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 (0.68), 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.

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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 (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).

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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.