Castilla-La Mancha | The Observatory of Economic Complexity

Castilla-La Mancha

Autonomous Community in Spain

2023
Economic
Complexity -0.19Rank 11 of 18

Jan 2024
Trade
Exports | Imports €759M | €1.41B12 of 19 | 8 of 19

Jan 2024
Country
Destination | Origin Portugal | Germany €183M | €264M

Image 1

Image by Jocelyn Erskine-Kellie
Link: https://flic.kr/p/ZMDigK

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Castilla-La Mancha. In January 2024 Castilla-La Mancha was the number 11 in total exports and the number 8 in total imports in Spain.

Exports In 2023, Spain's Castilla-la Mancha exported €10.3B, making it the 11th largest exporter out of the 18 exporters in Spain. In 2023 the top exports of Castilla-la Mancha were Grape wines, alcoholic grape must nes (€363M), Grape wines nes, fortified wine or... (€257M), Lead-acid electric accumulators (vehicle) (€212M), Electrical relays for < 60 volts (€211M), and Other Cheeses (€203M).

Imports In 2023, Spain's Castilla-la Mancha imported €14.6B, making it the 8th largest importer out of the 18 importers in Spain. In 2023 top imports of Castilla-la Mancha were Smartphones (€735M), Aluminium unwrought, alloyed (€481M), Buses except diesel powered (€363M), Medicaments nes, in dosage (€342M), and Photosensitive devices; assembled photovoltaic modules/panels (€327M).

Economic Complexity In 2023, the highest complexity exports of Castilla-la Mancha according to the product complexity index (PCI) are Gaskets (1.38), Electric Batteries (1.18), Other Stone Articles (1.1), Knives (1.06), Flexible Metal Tubing (0.85), Cyclic Alcohols (0.81), Pig Meat (0.66), Other Engines (0.63), Roofing Tiles (0.59), and Glass Fibers (0.5). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2024

About

Overview In January 2024 Castilla-La Mancha exported €759M and imported €1.41B, resulting in a negative trade balance of €654M. Between January 2023 and January 2024 the exports of Castilla-La Mancha have decreased by $-22.7M (-2.91%) from €781M to €759M, while imports increased by €304M (27.4%) from €1.11B to €1.41B.

Trade In January 2024, the top exports of Castilla-La Mancha were Wine (€63.5M), Pure Olive Oil (€35.2M), Telephones (€25.8M), Electric Batteries (€24.4M), and Pig Meat (€19.3M). In January 2024 the top imports of Castilla-La Mancha were Telephones (€94.6M), Raw Aluminium (€83.1M), Special purpose motor vehicles (€52.4M), Rubber Tires (€40M), and Computers (€38.6M).

Destinations In January 2024, Castilla-La Mancha exported mostly to Portugal (€183M), France (€126M), Italy (€88.6M), Germany (€82.5M), and Poland (€32.9M), and imported mostly from Germany (€264M), France (€209M), Netherlands (€208M), Italy (€99.9M), and China (€98.8M).

Growth In January 2024, the decrease in Castilla-La Mancha's year-by-year exports was explained primarily by an decrease in exports to Netherlands (€-14.7M or -48.4%), Belgium (€-14.1M or -36.8%), and Sweden (€-12.4M or -74.2%), and product exports decrease in Vaccines, blood, antisera, toxins and cultures (€-25.5M or -84.4%), Telephones (€-12.9M or -79.5%), and Ethylene Polymers (€-8.38M or -43.1%). In January 2024, the increase in Castilla-La Mancha's year-by-year imports was explained primarily by an increase in imports from France (€57.1M or 49%), Poland (€32.8M or 90.4%), and Turkey (€19.8M or 90.6%), and product imports increase in Beauty Products (€21.4M or 1.46k%), Semiconductor Devices (€19.3M or 680%), and Rubber Tires (€15.2M or 78.8%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (January 2023 - January 2024)€-22.7M(-2.91%)

IMPORT GROWTH (January 2023 - January 2024)€304M(27.4%)

This section shows exports and imports data at subnational level for Castilla-La Mancha. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Castilla-La Mancha over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)Portugal€2.18B

Top Product (2023)Grape wines, alcoholic grape must nes€363M

In 2023 the top export destinations of Castilla-la Mancha were Portugal (€2.18B), France (€1.66B), Germany (€1.03B), Italy (€909M), and United Kingdom (€439M).

In 2023 the top exports of Castilla-la Mancha were Grape wines, alcoholic grape must nes (€363M), Grape wines nes, fortified wine or... (€257M), Lead-acid electric accumulators (vehicle) (€212M), Electrical relays for < 60 volts (€211M), and Other Cheeses (€203M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Italy €25.1M (39.4%)

Portugal €18.7M (11.4%)

United States €10.5M (55.6%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

France -€22.3M (-15.1%)

Belgium -€9.48M (-39.2%)

China -€8.39M (-47.6%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Germany€2.56B

Top Import (2023)Smartphones€735M

In 2023 the top import origins of Castilla-la Mancha were Germany (€2.56B), France (€2.28B), Netherlands (€1.5B), China (€1.36B), and Italy (€1.29B).

In 2023 the top imports of Castilla-la Mancha were Smartphones (€735M), Aluminium unwrought, alloyed (€481M), Buses except diesel powered (€363M), Medicaments nes, in dosage (€342M), and Photosensitive devices; assembled photovoltaic modules/panels (€327M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Netherlands €126M (154%)

Germany €101M (61.9%)

France €35.6M (20.5%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

China -€16.4M (-14.3%)

Poland -€8.71M (-12.6%)

Turkey -€7.23M (-17.4%)

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Economic Complexity

Economic Complexity of Castilla-la Mancha

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Geomap

Treemap

Economic Complexity (2023)-0.19

Castilla-la Mancha ranks 11th out of the 18 autonomous communities in Spain according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Economic Complexity Ranking

Value

Ranking

Value

The economic complexity of a territory can change year to year. Castilla-la Mancha it is in position 11th considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Castilla-la Mancha already has a comparative advantage, are led by Non-Knit Men's Undergarments (0.34), Knit Women's Shirts (0.34), Other Processed Vegetables (0.33), Legumes (0.33), and Locust beans, seaweed, sugar beet, cane,... (0.33).

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Most Complex Products by PCI

The highest complexity exports of Castilla-la Mancha according to the product complexity index (PCI) are Gaskets (1.38), Electric Batteries (1.18), Other Stone Articles (1.1), Knives (1.06), Flexible Metal Tubing (0.85), Cyclic Alcohols (0.81), Pig Meat (0.66), Other Engines (0.63), Roofing Tiles (0.59), and Glass Fibers (0.5). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Vermouth (62.06), Preserved Meat (60.64), Pure Olive Oil (46.37), Wine (40.79), and Large Iron Containers (40.29).

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Product Space

RCA Filter

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 Castilla-la Mancha 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.

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Relatedness Space

This network shows the products most related to the production structure of Castilla-la Mancha. These are products that tend to be co-exported with the products that Castilla-la Mancha exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

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. Bubble size corresponds to exports value by year 2020.