Community Of Madrid

Autonomous Community in Spain

2019
Economic
Complexity
: 0.043, Rank 5 of 18

Jan 2021
Trade
Exports | Imports
: €2.08B | €5.15B, 4 of 19 | 2 of 19

Jan 2021
Country
Destination | Origin
: France | Germany , €333M  | €690M

Jan 2021
Product
Exports | Imports
: Packaged Medicaments | Packaged Medicaments , €170M  | €367M

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

Exports: In 2020, Spain's Community Of Madrid exported €29.3B, making it the 2nd largest exporter out of the 18 exporters in Spain. In 2020 the top exports of Community Of Madrid were Medicaments nes, in dosage (€2.65B), Road tractors for semi-trailers (truck tractors) (€1.17B), Fixed wing aircraft, unladen weight >... (€1.02B), Commodities not specified according to kind (€810M), and Aircraft parts nes (€651M).

Imports: In 2020, Spain's Community Of Madrid imported €62.1B, making it the 2nd largest importer out of the 18 importers in Spain. In 2020 top imports of Community Of Madrid were Medicaments nes, in dosage (€5.43B), Telephones for cellular networks or for... (€2.27B), Natural gas, liquefied (€1.84B), Blood, human or animal, antisera, other... (€1.55B), and Automatic data processing machines: portable, weighing... (€1.27B).

Economic Complexity: In 2019, the highest complexity exports of Community Of Madrid according to the product complexity index (PCI) are Other Measuring Instruments (1.86), Iron Fasteners (1.81), Blank Audio Media (1.74), Self-Propelled Rail Transport (1.68), and Transmissions (1.59). 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 Community of Madrid'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, €3.94B

Top Product (2020): Medicaments nes, in dosage, €2.65B

In 2020 the top export destinations of Community Of Madrid were France (€3.94B), Portugal (€3.4B), Germany (€3.03B), United Kingdom (€2.6B), and Italy (€2.06B).

In 2020 the top exports of Community Of Madrid were Medicaments nes, in dosage (€2.65B), Road tractors for semi-trailers (truck tractors) (€1.17B), Fixed wing aircraft, unladen weight >... (€1.02B), Commodities not specified according to kind (€810M), and Aircraft parts nes (€651M).

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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): China, €8.57B

Top Import (2020): Medicaments nes, in dosage, €5.43B

In 2020 the top import origins of Community Of Madrid were China (€8.57B), Germany (€8.37B), France (€5.94B), United States (€5.57B), and Italy (€4.13B).

In 2020 the top imports of Community Of Madrid were Medicaments nes, in dosage (€5.43B), Telephones for cellular networks or for... (€2.27B), Natural gas, liquefied (€1.84B), Blood, human or animal, antisera, other... (€1.55B), and Automatic data processing machines: portable, weighing... (€1.27B).

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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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Community Of 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. Community Of 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 Community Of Madrid already has a comparative advantage, are led by Knit Women's Shirts (0.26), Knit Men's Undergarments (0.25), Knit Men's Shirts (0.25), Natural Cork Articles (0.25), and Other Footwear (0.25).

Most Complex Products by PCI

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The highest complexity exports of Community Of Madrid according to the product complexity index (PCI) are Other Measuring Instruments (1.86), Iron Fasteners (1.81), Blank Audio Media (1.74), Self-Propelled Rail Transport (1.68), and Transmissions (1.59). 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 (43.2), Railway Passenger Cars (29.6), Railway Track Fixtures (21), Traffic Signals (17.1), and Vermouth (12.8).

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 Community Of 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  Community Of Madrid. These are products that tend to be co-exported with the products that Community Of 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.