Asturias

Province in Principado de Asturias, Autonomous Community in Spain

Exports (2019): €4.83B, Rnk 20/52

Top Destination (2019): €488M, France

Top Export (2019): €958M, Zinc, not alloyed, unwrought, >99% pure

Imports (2019): €4.01B, Rnk 20/52

Top Origin (2019): €377M, United States

Top Import (2019): €754M, Zinc ores and concentrates

Economic Complexity (2019): 0.15, Rnk 5 / 52

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

Exports: In 2019, Spain's Asturias exported €4.83B, making it the 20th largest exporter out of the 52 exporters in Spain. In 2019 the top exports of Asturias were Zinc, not alloyed, unwrought, >99% pure (€958M), Zinc alloys unwrought (€255M), Iron or non-alloy steel: bars and... (€175M), Chem wood pulp, soda/sulphate, non-conifer, bleached (€155M), and Structures and parts of structures, iron... (€135M).

Imports: In 2019, Spain's Asturias imported €4.01B, making it the 20th largest importer out of the 52 importers in Spain. In 2019 top imports of Asturias were Zinc ores and concentrates (€754M), Bituminous coal, not agglomerated (€331M), Iron ore, concentrate, not iron pyrites,unagglomerate (€300M), Iron ore, concentrate, not iron pyrites,... (€204M), and Semi-finished bars, iron or non-alloy steel... (€167M).

Economic Complexity: In 2019, the highest complexity exports of Asturias according to the product complexity index (PCI) are Machinery Having Individual Functions (2.02), Glass Working Machines (1.65), Flat Flat-Rolled Steel (1.45), Mirrors and Lenses (1.42), and Air Pumps (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, €488M

Top Product (2019): Zinc, not alloyed, unwrought, >99% pure, €958M

In 2019 the top export destinations of Asturias were France (€488M), Netherlands (€488M), Italy (€446M), Portugal (€320M), and Turkey (€317M).

In 2019 the top exports of Asturias were Zinc, not alloyed, unwrought, >99% pure (€958M), Zinc alloys unwrought (€255M), Iron or non-alloy steel: bars and... (€175M), Chem wood pulp, soda/sulphate, non-conifer, bleached (€155M), and Structures and parts of structures, iron... (€135M).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

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Depth

Top Origin (2019): United States, €377M

Top Import (2019): Zinc ores and concentrates, €754M

In 2019 the top import origins of Asturias were United States (€377M), Germany (€309M), Brazil (€303M), France (€248M), and China (€231M).

In 2019 the top imports of Asturias were Zinc ores and concentrates (€754M), Bituminous coal, not agglomerated (€331M), Iron ore, concentrate, not iron pyrites,unagglomerate (€300M), Iron ore, concentrate, not iron pyrites,... (€204M), and Semi-finished bars, iron or non-alloy steel... (€167M).

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Import Dynamics

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Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

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Flow
Value

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

This section shows forecasts for total exports and imports from Asturias. 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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Asturias ranks 5th 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 5th 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), Large Flat-Rolled Iron (0.14), Vehicle Parts (0.14), Insulating Glass (0.14), and Particle Board (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 (2.02), Glass Working Machines (1.65), Flat Flat-Rolled Steel (1.45), Mirrors and Lenses (1.42), and Air Pumps (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 Zinc Sheets (368), Raw Zinc (279), Granulated Slag (126), Iron Railway Products (118), and Binoculars and Telescopes (75.4).

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.