Galicia

Autonomous Community in Spain

Exports (2019): €22.2B, Rnk 6/18

Top Destination (2019): €4.24B, France

Top Export (2019): €1.33B, Diesel powered trucks weighing < 5...

Imports (2019): €19.8B, Rnk 6/18

Top Origin (2019): €5.31B, France

Top Import (2019): €3.02B, Motor vehicle parts nes

Economic Complexity (2019): -0.47, Rnk 15 / 18

Exports: In 2019, Spain's Galicia exported €22.2B, making it the 6th largest exporter out of the 18 exporters in Spain. In 2019 the top exports of Galicia were Diesel powered trucks weighing < 5... (€1.33B), Small Sized Cars (€990M), Small Diesel Engine Cars (€786M), Medium Diesel Engine Cars (€723M), and Motor vehicle parts nes (€657M).

Imports: In 2019, Spain's Galicia imported €19.8B, making it the 6th largest importer out of the 18 importers in Spain. In 2019 top imports of Galicia were Motor vehicle parts nes (€3.02B), Petroleum oils, oils from bituminous minerals,... (€2.28B), Small Sized Cars (€902M), Molluscs; cuttle fish and squid, whether... (€512M), and Small Diesel Engine Cars (€496M).

Economic Complexity: In 2019, the highest complexity exports of Galicia according to the product complexity index (PCI) are Motor-working Tools (1.56), Transmissions (1.49), Other Paper Machinery (1.38), Other Heating Machinery (1.36), and Steel Wire (1.28). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Value
Depth

Top Destination (2019): France, €4.24B

Top Product (2019): Diesel powered trucks weighing < 5..., €1.33B

In 2019 the top export destinations of Galicia were France (€4.24B), Portugal (€3.19B), Italy (€1.97B), United Kingdom (€1.5B), and Germany (€1.22B).

In 2019 the top exports of Galicia were Diesel powered trucks weighing < 5... (€1.33B), Small Sized Cars (€990M), Small Diesel Engine Cars (€786M), Medium Diesel Engine Cars (€723M), and Motor vehicle parts nes (€657M).

Export Dynamics

#permalink to section

Fastest Growing Exports Destination (March 2019 - March 2020)

Rapidly Declining Export Origins (March 2019 - March 2020)

Value
Depth

Top Origin (2019): France, €5.31B

Top Import (2019): Motor vehicle parts nes, €3.02B

In 2019 the top import origins of Galicia were France (€5.31B), Portugal (€1.82B), China (€980M), Libya (€804M), and Italy (€790M).

In 2019 the top imports of Galicia were Motor vehicle parts nes (€3.02B), Petroleum oils, oils from bituminous minerals,... (€2.28B), Small Sized Cars (€902M), Molluscs; cuttle fish and squid, whether... (€512M), and Small Diesel Engine Cars (€496M).

Import Dynamics

#permalink to section

Fastest Growing Import Origins (March 2019 - March 2020)

Rapidly Declining Import Origins (March 2019 - March 2020)

Comparison in Time

#permalink to section
Flow
Value

This section shows differences between total trade from Galicia throughout time.

Comparison Map

#permalink to section
Value

The autonomous communities of Spain with the highest exports in 2019 were Cataluña (€73.9B), Andalucía (€31.7B), Comunidad De Madrid (€31.2B), Comunidad Valenciana (€31.2B), and País Vasco (€25.4B)

The autonomous communities of Spain with the highest imports in 2019 were Cataluña (€92.4B), Comunidad De Madrid (€64.4B), Andalucía (€30.6B), Comunidad Valenciana (€28.4B), and País Vasco (€20.1B)

This section shows forecasts for total exports and imports from Galicia. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

#permalink to section

Economic Complexity of Spain

#permalink to section

Galicia ranks 15th out of the 18 autonomous communities in Spain according to ECI.

Estimated using exports data.

Economic Complexity Ranking

#permalink to section
Scale

The economic complexity of a territory can change year to year. Galicia it is in position 15th considering its ECI in the last year.

Export Opportunities by Relatedness

#permalink to section

The top export opportunities according to the relatedness level, without considering those products were Galicia already has a comparative advantage, are led by Knit Men's Undergarments (0.28), Non-Knit Men's Undergarments (0.28), Knit Women's Undergarments (0.28), Packing Bags (0.27), and Knit Socks and Hosiery (0.26).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Galicia according to the product complexity index (PCI) are Motor-working Tools (1.56), Transmissions (1.49), Other Paper Machinery (1.38), Other Heating Machinery (1.36), and Steel Wire (1.28). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Slate (249), Fishing Ships (81.9), Molluscs (37.8), Quartz (32.5), and Carbon-based Electronics (30.5).

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 Galicia 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

#permalink to section

This network shows the products most related to the production structure of  Galicia. These are products that tend to be co-exported with the products that Galicia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Filter
Depth

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.