AlbaceteProvince in Castilla-La Mancha, Autonomous Community in Spain
2019 Economic Complexity: -0.2, Rank 25 of 49
Jan 2021 Trade Exports | Imports: €81.6M | €55.4M, 40 of 53 | 40 of 53
Jan 2021 Country Destination | Origin: France | Germany , €18.1M | €12.8M
Jan 2021 Product Exports | Imports: Wine | Office Machine Parts , €10.6M | €8.48M
Overview: This page contains the latest international trade data for Albacete, including export and import data.
Exports: In 2020, Spain's Albacete exported €1.03B, making it the 39th largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Albacete were Grape wines, alcoholic grape must nes (€84.2M), Bars, rods and profiles, aluminium, not... (€75.2M), Almonds,fresh or dried, shelled (€51.2M), Aircraft parts nes (€48.2M), and Garlic, fresh or chilled (€40.9M).
Imports: In 2020, Spain's Albacete imported €828M, making it the 36th largest importer out of the 52 importers in Spain. In 2020 top imports of Albacete were Parts and accessories of office machines,... (€122M), Aircraft parts nes (€63.9M), Parts of turbo-jet or turbo-propeller engines (€36.8M), Cheese except fresh, grated, processed or... (€34.9M), and Potatoes, fresh or chilled except seed (€20.4M).
Economic Complexity: In 2019, the highest complexity exports of Albacete according to the product complexity index (PCI) are Iron Fasteners (1.81), Blank Audio Media (1.74), Forging Machines (1.7), Metalworking Machine Parts (1.43), and Gaskets (1.33). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In January 2021 Albacete exported €81.6M and imported €55.4M, resulting in a positive trade balance of €26.2M. Between January 2020 and January 2021 the exports of Albacete have decreased by $-7.88M (-8.81%) from €89.4M to €81.6M, while imports decreased by €-6.75M (-10.9%) from €62.1M to €55.4M.
Trade: In January 2021, the top exports of Albacete were Wine (€10.6M), Aluminium Bars (€10.1M), Other Nuts (€5.38M), Glass Bottles (€4.68M), and Onions (€3.38M). In January 2021 the top imports of Albacete were Office Machine Parts (€8.48M), Cheese (€4.88M), Aircraft Parts (€4.72M), Rubber Tires (€2.25M), and Buses (€1.75M).
Destinations: In January 2021, Albacete exported mostly to France (€18.1M), Italy (€11.9M), Germany (€8.4M), Portugal (€6.35M), and United States (€3.71M), and imported mostly from Germany (€12.8M), France (€11.9M), China (€8.52M), Italy (€4.07M), and Portugal (€3.07M).
Growth: In January 2021, the decrease in Albacete's year-by-year exports was explained primarily by an decrease in exports to United States (€-4.12M or -52.6%), Italy (€-3.55M or -23%), and France (€-2.25M or -11.1%), and product exports decrease in Leather Footwear (€-5.59M or -64.7%), Iron Structures (€-3.4M or -80.8%), and Other Nuts (€-2.67M or -33.2%). In January 2021, the decrease in Albacete's year-by-year imports was explained primarily by an decrease in imports from Germany (€-2.31M or -15.3%), France (€-2.07M or -14.8%), and Portugal (€-1.09M or -26.1%), and product imports decrease in Semiconductor Devices (€-3.71M or -98.3%), Photographic Plates (€-1.88M or -80.6%), and Pesticides (€-1.36M or -94.4%).
EXPORT GROWTH (January 2020 - January 2021): €-7.88M, (-8.81%)
IMPORT GROWTH (January 2020 - January 2021): €-6.75M, (-10.9%)
This section shows exports and imports data at subnational level for Albacete. 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 Albacete over time.
This section shows the differences between Albacete's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Spain's country profile.
Top Destination (2020): France, €235M
Top Product (2020): Grape wines, alcoholic grape must nes, €84.2M
In 2020 the top export destinations of Albacete were France (€235M), Italy (€145M), Germany (€117M), Portugal (€71M), and United Kingdom (€53.6M).
In 2020 the top exports of Albacete were Grape wines, alcoholic grape must nes (€84.2M), Bars, rods and profiles, aluminium, not... (€75.2M), Almonds,fresh or dried, shelled (€51.2M), Aircraft parts nes (€48.2M), and Garlic, fresh or chilled (€40.9M).
Fastest Growing Exports Destination (Jan 2020 - Jan 2021)
Rapidly Declining Export Origins (Jan 2020 - Jan 2021)
Top Origin (2020): France, €198M
Top Import (2020): Parts and accessories of office machines,..., €122M
In 2020 the top import origins of Albacete were France (€198M), Germany (€180M), China (€76.6M), Portugal (€67.3M), and Italy (€56.6M).
In 2020 the top imports of Albacete were Parts and accessories of office machines,... (€122M), Aircraft parts nes (€63.9M), Parts of turbo-jet or turbo-propeller engines (€36.8M), Cheese except fresh, grated, processed or... (€34.9M), and Potatoes, fresh or chilled except seed (€20.4M).
Albacete ranks 25th 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 25th 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 Other Processed Vegetables (0.15), Pickled Foods (0.15), Legumes (0.15), Cement (0.15), and Jams (0.15).
The highest complexity exports of Albacete according to the product complexity index (PCI) are Iron Fasteners (1.81), Blank Audio Media (1.74), Forging Machines (1.7), Metalworking Machine Parts (1.43), and Gaskets (1.33). 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 (200), Animal or Vegetable Fertilizers (134), Knives (99.6), Aluminium Bars (89.8), and Legume Flours (87.2).
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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