Asturias

Province in Principality of Asturias, Autonomous Community in Spain

2019
Economic
Complexity
: 0.18, Rank 4 of 49

Jan 2021
Trade
Exports | Imports
: €305M | €318M, 21 of 53 | 17 of 53

Jan 2021
Country
Destination | Origin
: France | Poland , €48M  | €35.1M

Jan 2021
Product
Exports | Imports
: Raw Zinc | Zinc Ore , €58.5M  | €58.3M

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

Exports: In 2020, Spain's Asturias exported €3.91B, making it the 21st largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Asturias were Zinc, not alloyed, unwrought, >99% pure (€561M), Zinc alloys unwrought (€199M), Structures and parts of structures, iron... (€197M), Flat rolled iron or non-alloy steel,... (€159M), and Chem wood pulp, soda/sulphate, non-conifer, bleached (€146M).

Imports: In 2020, Spain's Asturias imported €3.08B, making it the 20th largest importer out of the 52 importers in Spain. In 2020 top imports of Asturias were Zinc ores and concentrates (€526M), Coke, semi-coke of coal, lignite, peat... (€204M), Iron ore, concentrate, not iron pyrites,unagglomerate (€193M), Iron ore, concentrate, not iron pyrites,... (€137M), and Bituminous coal, not agglomerated (€109M).

Economic Complexity: In 2019, the highest complexity exports of Asturias according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Glass Working Machines (1.64), Mirrors and Lenses (1.56), Other Organo-Inorganic Compounds (1.56), and Flat Flat-Rolled Steel (1.47). 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 Asturias'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, €469M

Top Product (2020): Zinc, not alloyed, unwrought, >99% pure, €561M

In 2020 the top export destinations of Asturias were France (€469M), Italy (€390M), Germany (€325M), Portugal (€236M), and Turkey (€232M).

In 2020 the top exports of Asturias were Zinc, not alloyed, unwrought, >99% pure (€561M), Zinc alloys unwrought (€199M), Structures and parts of structures, iron... (€197M), Flat rolled iron or non-alloy steel,... (€159M), and Chem wood pulp, soda/sulphate, non-conifer, bleached (€146M).

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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): Germany, €360M

Top Import (2020): Zinc ores and concentrates, €526M

In 2020 the top import origins of Asturias were Germany (€360M), Poland (€196M), China (€195M), France (€191M), and Peru (€180M).

In 2020 the top imports of Asturias were Zinc ores and concentrates (€526M), Coke, semi-coke of coal, lignite, peat... (€204M), Iron ore, concentrate, not iron pyrites,unagglomerate (€193M), Iron ore, concentrate, not iron pyrites,... (€137M), and Bituminous coal, not agglomerated (€109M).

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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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Asturias ranks 4th 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. Asturias it is in position 4th 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 Asturias already has a comparative advantage, are led by Other Steel Bars (0.14), Particle Board (0.14), Refrigerators (0.14), Soil Preparation Machinery (0.14), and Aluminium Structures (0.14).

Most Complex Products by PCI

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The highest complexity exports of Asturias according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Glass Working Machines (1.64), Mirrors and Lenses (1.56), Other Organo-Inorganic Compounds (1.56), and Flat Flat-Rolled Steel (1.47). 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 Zinc Sheets (393), Raw Zinc (273), Iron Railway Products (125), Granulated Slag (120), and Binoculars and Telescopes (74.2).

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