Aragon

Autonomous Community in Spain

2019
Economic
Complexity
: -0.13, Rank 10 of 18

Jan 2021
Trade
Exports | Imports
: €1.2B | €831M, 7 of 19 | 7 of 19

Jan 2021
Country
Destination | Origin
: France | China , €173M  | €118M

Jan 2021
Product
Exports | Imports
: Cars | Vehicle Parts , €410M  | €63.5M

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

Exports: In 2020, Spain's Aragon exported €13.4B, making it the 7th largest exporter out of the 18 exporters in Spain. In 2020 the top exports of Aragon were Small Sized Cars (€2.75B), Swine cuts, frozen nes (€691M), Small Diesel Engine Cars (€555M), Vehicles; with only electric motor for... (€466M), and Electric cooking, grilling & roasting equipment... (€376M).

Imports: In 2020, Spain's Aragon imported €10.5B, making it the 7th largest importer out of the 18 importers in Spain. In 2020 top imports of Aragon were Ignition/other wiring sets for vehicles/aircraft/ship (€327M), Transmissions for motor vehicles (€227M), Pullovers, cardigans etc of manmade fibres,... (€205M), Womens, girls trousers & shorts, of... (€202M), and Engines, spark-ignition reciprocating, over 1000 cc (€196M).

Economic Complexity: In 2019, the highest complexity exports of Aragon according to the product complexity index (PCI) are Metalworking Machines (1.82), Glass with Edge Workings (1.81), Polyamides (1.55), Gaskets (1.33), and Other Inorganic Acids Salts (1.18). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between Aragon's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Spain's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): France, €2.3B

Top Product (2020): Small Sized Cars, €2.75B

In 2020 the top export destinations of Aragon were France (€2.3B), Germany (€1.97B), Italy (€1.24B), United Kingdom (€1.12B), and China (€1.01B).

In 2020 the top exports of Aragon were Small Sized Cars (€2.75B), Swine cuts, frozen nes (€691M), Small Diesel Engine Cars (€555M), Vehicles; with only electric motor for... (€466M), and Electric cooking, grilling & roasting equipment... (€376M).

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Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): China, €1.5B

Top Import (2020): Ignition/other wiring sets for vehicles/aircraft/ship, €327M

In 2020 the top import origins of Aragon were China (€1.5B), France (€1.48B), Morocco (€1.15B), Germany (€1.08B), and Turkey (€791M).

In 2020 the top imports of Aragon were Ignition/other wiring sets for vehicles/aircraft/ship (€327M), Transmissions for motor vehicles (€227M), Pullovers, cardigans etc of manmade fibres,... (€205M), Womens, girls trousers & shorts, of... (€202M), and Engines, spark-ignition reciprocating, over 1000 cc (€196M).

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Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of Spain

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Aragon ranks 10th out of the 18 autonomous communities 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. Aragon it is in position 10th 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 Aragon already has a comparative advantage, are led by Non-Knit Men's Suits (0.22), Non-Knit Men's Coats (0.22), Non-Knit Men's Undergarments (0.22), Bedspreads (0.22), and Knit Men's Undergarments (0.22).

Most Complex Products by PCI

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The highest complexity exports of Aragon according to the product complexity index (PCI) are Metalworking Machines (1.82), Glass with Edge Workings (1.81), Polyamides (1.55), Gaskets (1.33), and Other Inorganic Acids Salts (1.18). 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 Pig Meat (41.1), Animal Fat (37.3), Hydrogen peroxide (35.5), Pitted Fruits (30.5), and Forage Crops (28.1).

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 Aragon 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  Aragon. These are products that tend to be co-exported with the products that Aragon 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.