Comunidad De Madrid

Autonomous Community in Spain

Exports (2019): €31.2B, Rnk 3/18

Top Destination (2019): €4.06B, France

Top Export (2019): €2.35B, Medicaments nes, in dosage

Imports (2019): €64.4B, Rnk 2/18

Top Origin (2019): €8.79B, Germany

Top Import (2019): €4.79B, Medicaments nes, in dosage

Economic Complexity (2019): 0.012, Rnk 5 / 18

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

Exports: In 2019, Spain's Comunidad De Madrid exported €31.2B, making it the 3rd largest exporter out of the 18 exporters in Spain. In 2019 the top exports of Comunidad De Madrid were Medicaments nes, in dosage (€2.35B), Fixed wing aircraft, unladen weight >... (€1.35B), Aircraft parts nes (€1.28B), Commodities not specified according to kind (€1.18B), and Road tractors for semi-trailers (truck tractors) (€975M).

Imports: In 2019, Spain's Comunidad De Madrid imported €64.4B, making it the 2nd largest importer out of the 18 importers in Spain. In 2019 top imports of Comunidad De Madrid were Medicaments nes, in dosage (€4.79B), Telephones for cellular networks or for... (€2.45B), Blood, human or animal, antisera, other... (€1.41B), Medium Diesel Engine Cars (€1.05B), and Automatic data processing machines: portable, weighing... (€971M).

Economic Complexity: In 2019, the highest complexity exports of Comunidad De Madrid according to the product complexity index (PCI) are Motor-working Tools (1.56), Carboxyimide Compounds (1.55), Self-Propelled Rail Transport (1.53), Transmissions (1.49), and Blank Audio Media (1.48). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): France, €4.06B

Top Product (2019): Medicaments nes, in dosage, €2.35B

In 2019 the top export destinations of Comunidad De Madrid were France (€4.06B), Portugal (€3.72B), Germany (€2.88B), United Kingdom (€2.41B), and Italy (€1.93B).

In 2019 the top exports of Comunidad De Madrid were Medicaments nes, in dosage (€2.35B), Fixed wing aircraft, unladen weight >... (€1.35B), Aircraft parts nes (€1.28B), Commodities not specified according to kind (€1.18B), and Road tractors for semi-trailers (truck tractors) (€975M).

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Yearly Imports

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Top Origin (2019): Germany, €8.79B

Top Import (2019): Medicaments nes, in dosage, €4.79B

In 2019 the top import origins of Comunidad De Madrid were Germany (€8.79B), China (€7.74B), France (€6.82B), United States (€5.18B), and Italy (€4.61B).

In 2019 the top imports of Comunidad De Madrid were Medicaments nes, in dosage (€4.79B), Telephones for cellular networks or for... (€2.45B), Blood, human or animal, antisera, other... (€1.41B), Medium Diesel Engine Cars (€1.05B), and Automatic data processing machines: portable, weighing... (€971M).

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Import Dynamics

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Fastest Growing Import Origins (N/A - N/A)

Rapidly Declining Import Origins (N/A - N/A)

Comparison in Time

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This section shows differences between total trade from Comunidad de Madrid throughout time.

This section shows forecasts for total exports and imports from Comunidad de Madrid. 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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Comunidad De Madrid ranks 5th out of the 18 autonomous communities 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. Comunidad De Madrid 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 Comunidad De Madrid already has a comparative advantage, are led by Knit Women's Shirts (0.26), Other Footwear (0.26), Hard Liquor (0.26), Natural Cork Articles (0.25), and Flavored Water (0.25).

Most Complex Products by PCI

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The highest complexity exports of Comunidad De Madrid according to the product complexity index (PCI) are Motor-working Tools (1.56), Carboxyimide Compounds (1.55), Self-Propelled Rail Transport (1.53), Transmissions (1.49), and Blank Audio Media (1.48). 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 Electric Locomotives (40.3), Railway Passenger Cars (28.3), Electricity (27.3), Railway Track Fixtures (22.3), and Traffic Signals (17).

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 Comunidad De Madrid 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  Comunidad De Madrid. These are products that tend to be co-exported with the products that Comunidad De Madrid 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.