Community Of MadridAutonomous 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 Community of Madrid, including export and import data.
Exports: In 2019, Spain's Community Of Madrid exported €31.2B, making it the 3rd largest exporter out of the 18 exporters in Spain. In 2019 the top exports of Community Of 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 Community Of Madrid imported €64.4B, making it the 2nd largest importer out of the 18 importers in Spain. In 2019 top imports of Community Of 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 Community Of 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.
Top Destination (2019): France, €4.06B
Top Product (2019): Medicaments nes, in dosage, €2.35B
In 2019 the top export destinations of Community Of 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 Community Of 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).
Fastest Growing Exports Destination (Aug 2019 - Aug 2020)
Rapidly Declining Export Origins (Aug 2019 - Aug 2020)
Top Origin (2019): Germany, €8.79B
Top Import (2019): Medicaments nes, in dosage, €4.79B
In 2019 the top import origins of Community Of 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 Community Of 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).
Fastest Growing Import Origins (Aug 2019 - Aug 2020)
Rapidly Declining Import Origins (Aug 2019 - Aug 2020)
This section shows differences between total trade from Community of Madrid throughout time.
This section shows forecasts for total exports and imports from Community of Madrid. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
Community Of Madrid ranks 5th out of the 18 autonomous communities in Spain according to ECI.
Estimated using exports data.
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.
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), Other Footwear (0.26), Hard Liquor (0.26), Natural Cork Articles (0.25), and Flavored Water (0.25).
The highest complexity exports of Community Of 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.
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 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.
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.
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