Baleares

Province in Balearic Islands, Autonomous Community in Spain

2019
Economic
Complexity
: -0.079, Rank 13 of 49

Jan 2021
Trade
Exports | Imports
: €154M | €55.8M, 27 of 53 | 39 of 53

Jan 2021
Country
Destination | Origin
: Democratic Republic of the Congo | Germany , €54.5M  | €11.6M

Jan 2021
Product
Exports | Imports
: Planes, Helicopters, and/or Spacecraft | Epoxides , €54.5M  | €4.08M

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

Exports: In 2020, Spain's Baleares exported €1.6B, making it the 34th largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Baleares were Fixed wing aircraft, unladen weight >... (€302M), Ethylene polymers; in primary forms, ethylene-alpha-olefin... (€258M), Commodities not specified according to kind (€191M), Small Diesel Engine Cars (€110M), and Propene (propylene) (€72.2M).

Imports: In 2020, Spain's Baleares imported €994M, making it the 31st largest importer out of the 52 importers in Spain. In 2020 top imports of Baleares were Petroleum oils and oils from bituminous... (€51.7M), Methyloxirane (propylene oxide) (€37.7M), Motorboats, other than outboard motorboats (€33.1M), Made up articles (textile) nes, textile... (€32M), and Ethylene (€31.6M).

Economic Complexity: In 2019, the highest complexity exports of Baleares according to the product complexity index (PCI) are Lubricating Products (1.51), Other Nitrogen Compounds (1.44), Electric Furnaces (1.4), Vacuum Cleaners (1.26), and Prepared Rubber Accelerators (1.16). 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 Baleares'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, €370M

Top Product (2020): Fixed wing aircraft, unladen weight >..., €302M

In 2020 the top export destinations of Baleares were France (€370M), Germany (€222M), United Kingdom (€186M), Netherlands (€142M), and Italy (€119M).

In 2020 the top exports of Baleares were Fixed wing aircraft, unladen weight >... (€302M), Ethylene polymers; in primary forms, ethylene-alpha-olefin... (€258M), Commodities not specified according to kind (€191M), Small Diesel Engine Cars (€110M), and Propene (propylene) (€72.2M).

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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, €227M

Top Import (2020): Petroleum oils and oils from bituminous..., €51.7M

In 2020 the top import origins of Baleares were Germany (€227M), Italy (€139M), Netherlands (€112M), China (€102M), and France (€90.4M).

In 2020 the top imports of Baleares were Petroleum oils and oils from bituminous... (€51.7M), Methyloxirane (propylene oxide) (€37.7M), Motorboats, other than outboard motorboats (€33.1M), Made up articles (textile) nes, textile... (€32M), and Ethylene (€31.6M).

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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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Baleares ranks 13th 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. Baleares it is in position 13th 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 Baleares already has a comparative advantage, are led by Olive Oil (0.085), Precious Metal Watches (0.078), Natural Cork Articles (0.077), Water (0.077), and Other Fruits (0.077).

Most Complex Products by PCI

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The highest complexity exports of Baleares according to the product complexity index (PCI) are Lubricating Products (1.51), Other Nitrogen Compounds (1.44), Electric Furnaces (1.4), Vacuum Cleaners (1.26), and Prepared Rubber Accelerators (1.16). 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 Ethylene Polymers (54.1), Coal Tar Oil (48.8), Acyclic Hydrocarbons (37.9), Vegetable Saps (34.4), and Potatoes (24.7).

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