Valencian Community

Autonomous Community in Spain

2019
Economic
Complexity
: -0.23, Rank 11 of 18

Jan 2021
Trade
Exports | Imports
: €2.5B | €2.04B, 2 of 19 | 3 of 19

Jan 2021
Country
Destination | Origin
: Germany | China , €412M  | €328M

Jan 2021
Product
Exports | Imports
: Citrus | Crude Petroleum , €357M  | €171M

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

Exports: In 2020, Spain's Valencian Community exported €28.6B, making it the 3rd largest exporter out of the 18 exporters in Spain. In 2020 the top exports of Valencian Community were Ceramic tiles; flags and paving, hearth... (€1.59B), Medium Diesel Engine Cars (€1.34B), Vehicles; with both spark-ignition internal combustion... (€1.16B), Oranges, fresh or dried (€917M), and Ceramic tiles; flags and paving, hearth... (€791M).

Imports: In 2020, Spain's Valencian Community imported €25B, making it the 3rd largest importer out of the 18 importers in Spain. In 2020 top imports of Valencian Community were Petroleum oils, oils from bituminous minerals,... (€1.4B), Vehicles; with both spark-ignition internal combustion... (€1.09B), Transmissions for motor vehicles (€421M), Almonds,fresh or dried, shelled (€326M), and Electric accumulators: lithium-ion, including separators, whether... (€276M).

Economic Complexity: In 2019, the highest complexity exports of Valencian Community according to the product complexity index (PCI) are Non-Mechanical Removal Machinery (1.78), Self-Propelled Rail Transport (1.68), Polyamides (1.55), Flat Flat-Rolled Steel (1.47), and Electric Furnaces (1.4). 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 Valencian Community'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): Germany, €4.11B

Top Product (2020): Ceramic tiles; flags and paving, hearth..., €1.59B

In 2020 the top export destinations of Valencian Community were Germany (€4.11B), France (€3.74B), United States (€2.25B), Italy (€2.24B), and United Kingdom (€1.96B).

In 2020 the top exports of Valencian Community were Ceramic tiles; flags and paving, hearth... (€1.59B), Medium Diesel Engine Cars (€1.34B), Vehicles; with both spark-ignition internal combustion... (€1.16B), Oranges, fresh or dried (€917M), and Ceramic tiles; flags and paving, hearth... (€791M).

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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, €3.63B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., €1.4B

In 2020 the top import origins of Valencian Community were China (€3.63B), Germany (€2.36B), United States (€1.85B), Italy (€1.73B), and France (€1.55B).

In 2020 the top imports of Valencian Community were Petroleum oils, oils from bituminous minerals,... (€1.4B), Vehicles; with both spark-ignition internal combustion... (€1.09B), Transmissions for motor vehicles (€421M), Almonds,fresh or dried, shelled (€326M), and Electric accumulators: lithium-ion, including separators, whether... (€276M).

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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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Valencian Community ranks 11th 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. Valencian Community it is in position 11th 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 Valencian Community already has a comparative advantage, are led by Tropical Fruits (0.32), Processed Tomatoes (0.31), Gypsum (0.31), Raw Iron Bars (0.31), and Wheat Flours (0.31).

Most Complex Products by PCI

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The highest complexity exports of Valencian Community according to the product complexity index (PCI) are Non-Mechanical Removal Machinery (1.78), Self-Propelled Rail Transport (1.68), Polyamides (1.55), Flat Flat-Rolled Steel (1.47), and Electric Furnaces (1.4). 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 Prepared Pigments (109), Unglazed Ceramics (89), Citrus (85.7), Leather of Other Animals (32.8), and Legume Flours (26.7).

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