Extremadura

Autonomous Community in Spain

2019
Economic
Complexity
: -0.47, Rank 16 of 18

Jan 2021
Trade
Exports | Imports
: €133M | €108M, 17 of 19 | 16 of 19

Jan 2021
Country
Destination | Origin
: Portugal | China , €39.9M  | €27.6M

Jan 2021
Product
Exports | Imports
: Processed Tomatoes | Computers , €19.8M  | €20.2M

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

Exports: In 2020, Spain's Extremadura exported €2.16B, making it the 14th largest exporter out of the 18 exporters in Spain. In 2020 the top exports of Extremadura were Tomatoes nes, prepared or preserved, not... (€247M), Parts of machines for working rubber... (€111M), Sections, I, iron or non-alloy steel,... (€105M), Blocks, sheets, strip and tiles of... (€83.5M), and Parts for diesel and semi-diesel engines (€83M).

Imports: In 2020, Spain's Extremadura imported €1.41B, making it the 15th largest importer out of the 18 importers in Spain. In 2020 top imports of Extremadura were Photosensitive/photovoltaic/LED semiconductor devices (€198M), Automatic data processing machines: portable, weighing... (€140M), Ferrous waste or scrap, nes (€85.7M), Automatic data processing machines: presented in... (€70.3M), and Parts for diesel and semi-diesel engines (€45.1M).

Economic Complexity: In 2019, the highest complexity exports of Extremadura according to the product complexity index (PCI) are Engine Parts (0.98), Liquid Dispersing Machines (0.92), Compounded Unvulcanised Rubber (0.87), Polyacetals (0.87), and Pig Meat (0.81). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
Depth

Top Destination (2020): Portugal, €594M

Top Product (2020): Tomatoes nes, prepared or preserved, not..., €247M

In 2020 the top export destinations of Extremadura were Portugal (€594M), France (€362M), Germany (€244M), Netherlands (€187M), and Italy (€120M).

In 2020 the top exports of Extremadura were Tomatoes nes, prepared or preserved, not... (€247M), Parts of machines for working rubber... (€111M), Sections, I, iron or non-alloy steel,... (€105M), Blocks, sheets, strip and tiles of... (€83.5M), and Parts for diesel and semi-diesel engines (€83M).

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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): Portugal, €414M

Top Import (2020): Photosensitive/photovoltaic/LED semiconductor devices, €198M

In 2020 the top import origins of Extremadura were Portugal (€414M), Netherlands (€249M), China (€183M), Germany (€99.1M), and France (€86.2M).

In 2020 the top imports of Extremadura were Photosensitive/photovoltaic/LED semiconductor devices (€198M), Automatic data processing machines: portable, weighing... (€140M), Ferrous waste or scrap, nes (€85.7M), Automatic data processing machines: presented in... (€70.3M), and Parts for diesel and semi-diesel engines (€45.1M).

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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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Extremadura ranks 16th 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. Extremadura it is in position 16th 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 Extremadura already has a comparative advantage, are led by Legumes (0.19), Tomatoes (0.19), Wheat Flours (0.19), Locust beans, seaweed, sugar beet, cane,... (0.19), and Prepared Cereals (0.19).

Most Complex Products by PCI

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The highest complexity exports of Extremadura according to the product complexity index (PCI) are Engine Parts (0.98), Liquid Dispersing Machines (0.92), Compounded Unvulcanised Rubber (0.87), Polyacetals (0.87), and Pig Meat (0.81). 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 Agglomerated Cork (681), Processed Tomatoes (468), Natural Cork Articles (216), Pitted Fruits (165), and Other Meat (159).

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