Community Of MadridAutonomous 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.
Overview: In January 2021 Community of Madrid exported €2.08B and imported €5.15B, resulting in a negative trade balance of €3.07B. Between January 2020 and January 2021 the exports of Community of Madrid have decreased by $-274M (-11.6%) from €2.36B to €2.08B, while imports decreased by €-213M (-3.98%) from €5.36B to €5.15B.
Trade: In January 2021, the top exports of Community of Madrid were Packaged Medicaments (€170M), Electricity (€115M), Blood, antisera, vaccines, toxins and cultures (€75M), Tractors (€74.3M), and Planes, Helicopters, and/or Spacecraft (€59.5M). In January 2021 the top imports of Community of Madrid were Packaged Medicaments (€367M), Cars (€311M), Telephones (€293M), Computers (€267M), and Petroleum Gas (€250M).
Destinations: In January 2021, Community of Madrid exported mostly to France (€333M), Portugal (€274M), Germany (€239M), Italy (€158M), and United States (€133M), and imported mostly from Germany (€690M), China (€672M), France (€495M), United States (€359M), and Italy (€342M).
Growth: In January 2021, the decrease in Community of Madrid's year-by-year exports was explained primarily by an decrease in exports to United Kingdom (€-127M or -63.6%), World (€-63.8M or -55.5%), and Japan (€-29.8M or -61.1%), and product exports decrease in Packaged Medicaments (€-79.2M or -31.8%), Commodities not elsewhere specified (€-66.5M or -53.1%), and Aircraft Parts (€-47.6M or -49.7%). In January 2021, the decrease in Community of Madrid's year-by-year imports was explained primarily by an decrease in imports from United States (€-220M or -38%), United Kingdom (€-107M or -51.5%), and France (€-59.5M or -10.7%), and product imports decrease in Planes, Helicopters, and/or Spacecraft (€-155M or -78.4%), Packaged Medicaments (€-150M or -29%), and Vehicle Parts (€-33.3M or -23.6%).
EXPORT GROWTH (January 2020 - January 2021): €-274M, (-11.6%)
IMPORT GROWTH (January 2020 - January 2021): €-213M, (-3.98%)
This section shows exports and imports data at subnational level for Community of Madrid. 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 Community of Madrid over time.
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.
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).
Fastest Growing Exports Destination (Jan 2020 - Jan 2021)
Rapidly Declining Export Origins (Jan 2020 - Jan 2021)
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).
Fastest Growing Import Origins (Jan 2020 - Jan 2021)
Rapidly Declining Import Origins (Jan 2020 - Jan 2021)
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), Knit Men's Undergarments (0.25), Knit Men's Shirts (0.25), Natural Cork Articles (0.25), and Other Footwear (0.25).
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.
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.
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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