Baleares

Province in Islas Baleares, Autonomous Community in Spain

Exports (2019): €1.79B, Rnk 33/52

Top Destination (2019): €277M, France

Top Export (2019): €323M, Ethylene polymers; in primary forms, ethylene-alpha-olefin...

Imports (2019): €1.52B, Rnk 28/52

Top Origin (2019): €336M, Italy

Top Import (2019): €116M, Fixed wing aircraft, unladen weight >...

Economic Complexity (2019): -0.15, Rnk 21 / 52

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

Exports: In 2019, Spain's Baleares exported €1.79B, making it the 33rd largest exporter out of the 52 exporters in Spain. In 2019 the top exports of Baleares were Ethylene polymers; in primary forms, ethylene-alpha-olefin... (€323M), Commodities not specified according to kind (€245M), Aromatic hydrocarbon mixtures from coal tar,... (€132M), Small Diesel Engine Cars (€127M), and Polyethers nes, in primary forms (€74.4M).

Imports: In 2019, Spain's Baleares imported €1.52B, making it the 28th largest importer out of the 52 importers in Spain. In 2019 top imports of Baleares were Fixed wing aircraft, unladen weight >... (€116M), Petroleum oils and oils from bituminous... (€107M), Motorboats, other than outboard motorboats (€85.7M), Cruise ships, excursion boats, ferry boats (€63.4M), and Ethylene (€50.5M).

Economic Complexity: In 2019, the highest complexity exports of Baleares according to the product complexity index (PCI) are Electric Furnaces (1.39), Vacuum Cleaners (1.24), Prepared Rubber Accelerators (1.21), Copper Pipe Fittings (1.1), and Polyacetals (1). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
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Top Destination (2019): France, €277M

Top Product (2019): Ethylene polymers; in primary forms, ethylene-alpha-olefin..., €323M

In 2019 the top export destinations of Baleares were France (€277M), World (€259M), Germany (€252M), Netherlands (€246M), and Italy (€164M).

In 2019 the top exports of Baleares were Ethylene polymers; in primary forms, ethylene-alpha-olefin... (€323M), Commodities not specified according to kind (€245M), Aromatic hydrocarbon mixtures from coal tar,... (€132M), Small Diesel Engine Cars (€127M), and Polyethers nes, in primary forms (€74.4M).

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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): Italy, €336M

Top Import (2019): Fixed wing aircraft, unladen weight >..., €116M

In 2019 the top import origins of Baleares were Italy (€336M), Germany (€292M), France (€137M), Netherlands (€110M), and World (€80M).

In 2019 the top imports of Baleares were Fixed wing aircraft, unladen weight >... (€116M), Petroleum oils and oils from bituminous... (€107M), Motorboats, other than outboard motorboats (€85.7M), Cruise ships, excursion boats, ferry boats (€63.4M), and Ethylene (€50.5M).

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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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Value

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

This section shows forecasts for total exports and imports from Baleares. 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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Baleares ranks 21st 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 21st 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 Water (0.077), Precious Metal Watches (0.077), Garments of Impregnated Fabric (0.076), Melons (0.075), and Root Vegetables (0.075).

Most Complex Products by PCI

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The highest complexity exports of Baleares according to the product complexity index (PCI) are Electric Furnaces (1.39), Vacuum Cleaners (1.24), Prepared Rubber Accelerators (1.21), Copper Pipe Fittings (1.1), and Polyacetals (1). 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 (52.5), Coal Tar Oil (51.7), Acyclic Hydrocarbons (38.1), Vegetable Saps (34.3), and Potatoes (25.7).

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.