CuencaProvince in Castilla-La Mancha, Autonomous Community in Spain
2019 Economic Complexity: -0.49, Rank 45 of 49
Jan 2021 Trade Exports | Imports: €49.7M | €17.1M, 42 of 53 | 47 of 53
Jan 2021 Country Destination | Origin: France | Germany , €13.6M | €4.8M
Jan 2021 Product Exports | Imports: Pig Meat | Integrated Circuits , €13M | €2.7M
Overview: This page contains the latest international trade data for Cuenca, including export and import data.
Exports: In 2020, Spain's Cuenca exported €602M, making it the 42nd largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Cuenca were Swine cuts, frozen nes (€113M), Electrical relays for < 60 volts (€105M), Garlic, fresh or chilled (€78.8M), Juice: grape, of a Brix value... (€36.8M), and Grape wines, alcoholic grape must nes (€28M).
Imports: In 2020, Spain's Cuenca imported €268M, making it the 46th largest importer out of the 52 importers in Spain. In 2020 top imports of Cuenca were Electronic integrated circuits: n.e.c. in heading... (€47.6M), Composite diagnostic or laboratory reagents, nes (€40.6M), Inductors, electric (€13.5M), rubber or plastic working machines, nes (€10.8M), and Juice: of any single fruit or... (€8.64M).
Economic Complexity: In 2019, the highest complexity exports of Cuenca according to the product complexity index (PCI) are Metal Lathes (1.88), Lifting Machinery (1.08), Tractors (1.01), Trailers (0.83), and Pig Meat (0.81). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In January 2021 Cuenca exported €49.7M and imported €17.1M, resulting in a positive trade balance of €32.5M. Between January 2020 and January 2021 the exports of Cuenca have decreased by $-116k (-0.23%) from €49.8M to €49.7M, while imports decreased by €-3.21M (-15.8%) from €20.3M to €17.1M.
Trade: In January 2021, the top exports of Cuenca were Pig Meat (€13M), Low-voltage Protection Equipment (€10.8M), Onions (€5.9M), Wine (€4.45M), and Fruit Juice (€3.25M). In January 2021 the top imports of Cuenca were Integrated Circuits (€2.7M), Electrical Transformers (€1.96M), Onions (€960k), Electric Soldering Equipment (€723k), and Semiconductor Devices (€678k).
Destinations: In January 2021, Cuenca exported mostly to France (€13.6M), China (€12M), Italy (€3.59M), Germany (€3.3M), and Portugal (€2.94M), and imported mostly from Germany (€4.8M), China (€3.97M), Netherlands (€1.25M), France (€1.03M), and Peru (€986k).
Growth: In January 2021, the decrease in Cuenca's year-by-year exports was explained primarily by an decrease in exports to United Kingdom (€-3.13M or -78.8%), Japan (€-2.28M or -56.7%), and Morocco (€-1.56M or -56.5%), and product exports decrease in Onions (€-1.81M or -23.5%), Wine (€-1.53M or -25.5%), and Pig Meat (€-1.14M or -8%). In January 2021, the decrease in Cuenca's year-by-year imports was explained primarily by an decrease in imports from France (€-2.06M or -66.7%), United Kingdom (€-737k or -96%), and United States (€-448k or -66.9%), and product imports decrease in Fruit Juice (€-1.44M or -85.1%), Delivery Trucks (€-1.35M or -83.8%), and Tractors (€-466k or -72.1%).
EXPORT GROWTH (January 2020 - January 2021): €-116k, (-0.23%)
IMPORT GROWTH (January 2020 - January 2021): €-3.21M, (-15.8%)
This section shows exports and imports data at subnational level for Cuenca. 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 Cuenca over time.
This section shows the differences between Cuenca's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Spain's country profile.
Top Destination (2020): France, €149M
Top Product (2020): Swine cuts, frozen nes, €113M
In 2020 the top export destinations of Cuenca were France (€149M), China (€101M), Italy (€41.5M), Germany (€36.8M), and Japan (€36.6M).
In 2020 the top exports of Cuenca were Swine cuts, frozen nes (€113M), Electrical relays for < 60 volts (€105M), Garlic, fresh or chilled (€78.8M), Juice: grape, of a Brix value... (€36.8M), and Grape wines, alcoholic grape must nes (€28M).
Top Origin (2020): Germany, €55.5M
Top Import (2020): Electronic integrated circuits: n.e.c. in heading..., €47.6M
In 2020 the top import origins of Cuenca were Germany (€55.5M), China (€38.4M), South Korea (€38M), France (€24.7M), and Italy (€17.2M).
In 2020 the top imports of Cuenca were Electronic integrated circuits: n.e.c. in heading... (€47.6M), Composite diagnostic or laboratory reagents, nes (€40.6M), Inductors, electric (€13.5M), rubber or plastic working machines, nes (€10.8M), and Juice: of any single fruit or... (€8.64M).
Fastest Growing Import Origins (Jan 2020 - Jan 2021)
Rapidly Declining Import Origins (Jan 2020 - Jan 2021)
Cuenca ranks 45th out of the 52 provinces in Spain according to ECI.
Estimated using exports data.
The economic complexity of a territory can change year to year. Cuenca it is in position 45th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Cuenca already has a comparative advantage, are led by Honey (0.086), Other Fruits (0.085), Bovine Meat (0.084), Other Vegetables (0.084), and Citrus (0.083).
The highest complexity exports of Cuenca according to the product complexity index (PCI) are Metal Lathes (1.88), Lifting Machinery (1.08), Tractors (1.01), Trailers (0.83), and Pig Meat (0.81). 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 Onions (421), Animal Fat (262), Pig Meat (135), Pure Olive Oil (112), and Preserved Vegetables (110).
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 Cuenca 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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