Albacete

Province in Castilla-La Mancha, Autonomous Community in Spain

Exports (2019): €1.13B, Rnk 39/52

Top Destination (2019): €219M, France

Top Export (2019): €85.2M, Almonds,fresh or dried, shelled

Imports (2019): €846M, Rnk 35/52

Top Origin (2019): €187M, France

Top Import (2019): €97.4M, Parts and accessories of office machines,...

Economic Complexity (2019): -0.2, Rnk 26 / 52

Overview: This page contains the latest international trade data for Albacete, including export and import data.

Exports: In 2019, Spain's Albacete exported €1.13B, making it the 39th largest exporter out of the 52 exporters in Spain. In 2019 the top exports of Albacete were Almonds,fresh or dried, shelled (€85.2M), Bars, rods and profiles, aluminium, not... (€81.6M), Grape wines, alcoholic grape must nes (€77.6M), Footwear, outer soles and uppers of... (€61.8M), and Aircraft parts nes (€51.9M).

Imports: In 2019, Spain's Albacete imported €846M, making it the 35th largest importer out of the 52 importers in Spain. In 2019 top imports of Albacete were Parts and accessories of office machines,... (€97.4M), Aircraft parts nes (€41.2M), Cheese except fresh, grated, processed or... (€30.7M), Parts of turbo-jet or turbo-propeller engines (€21.7M), and Potatoes, fresh or chilled except seed (€18.6M).

Economic Complexity: In 2019, the highest complexity exports of Albacete according to the product complexity index (PCI) are Iron Fasteners (1.66), Metalworking Machine Parts (1.53), Blank Audio Media (1.48), Forging Machines (1.46), and Gaskets (1.38). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
Depth

Top Destination (2019): France, €219M

Top Product (2019): Almonds,fresh or dried, shelled, €85.2M

In 2019 the top export destinations of Albacete were France (€219M), Germany (€162M), Italy (€141M), Portugal (€67.7M), and United States (€64.1M).

In 2019 the top exports of Albacete were Almonds,fresh or dried, shelled (€85.2M), Bars, rods and profiles, aluminium, not... (€81.6M), Grape wines, alcoholic grape must nes (€77.6M), Footwear, outer soles and uppers of... (€61.8M), and Aircraft parts nes (€51.9M).

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Export Dynamics

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Fastest Growing Exports Destination (August 2019 - August 2020)

Rapidly Declining Export Origins (August 2019 - August 2020)

Yearly Imports

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Value
Depth

Top Origin (2019): France, €187M

Top Import (2019): Parts and accessories of office machines,..., €97.4M

In 2019 the top import origins of Albacete were France (€187M), Germany (€179M), China (€92.6M), Italy (€79.8M), and Portugal (€59.3M).

In 2019 the top imports of Albacete were Parts and accessories of office machines,... (€97.4M), Aircraft parts nes (€41.2M), Cheese except fresh, grated, processed or... (€30.7M), Parts of turbo-jet or turbo-propeller engines (€21.7M), and Potatoes, fresh or chilled except seed (€18.6M).

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Import Dynamics

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Fastest Growing Import Origins (August 2019 - August 2020)

Rapidly Declining Import Origins (August 2019 - August 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from Albacete throughout time.

This section shows forecasts for total exports and imports from Albacete. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Spain

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Albacete ranks 26th out of the 52 provinces in Spain according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Albacete it is in position 26th considering its ECI in the last year.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Albacete already has a comparative advantage, are led by Tropical Fruits (0.16), Cement (0.15), Other Fruits (0.15), Other Processed Vegetables (0.15), and Jams (0.15).

Most Complex Products by PCI

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The highest complexity exports of Albacete according to the product complexity index (PCI) are Iron Fasteners (1.66), Metalworking Machine Parts (1.53), Blank Audio Media (1.48), Forging Machines (1.46), and Gaskets (1.38). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Leather of Other Animals (182), Animal or Vegetable Fertilizers (138), Knives (97.4), Legume Flours (88.8), and Aluminium Bars (86.8).

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 Albacete 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.

Relatedness Space

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This network shows the products most related to the production structure of  Albacete. These are products that tend to be co-exported with the products that Albacete exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.