AlbaceteProvince 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.
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).
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).
Fastest Growing Import Origins (August 2019 - August 2020)
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.
Albacete ranks 26th out of the 52 provinces in Spain according to ECI.
Estimated using exports data.
The economic complexity of a territory can change year to year. Albacete it is in position 26th considering its ECI in the last year.
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).
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.
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.
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.
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