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Province in Andalusia, Autonomous Community in Spain

2024
Economic
Complexity -0.25Rank 33 of 49
Dec 2024
Trade
Exports | Imports €136M | €128M37 of 53 | 32 of 53
Dec 2024
Country
Destination | Origin Germany | Italy €32.5M  | €28.9M

About

Overview This page contains the latest international trade data for Granada. In December 2024 Granada was the number 36 in total exports and the number 32 in total imports in Spain.

Exports In 2024, Spain's Granada exported €1.59B, making it the 36th largest exporter out of the 52 exporters in Spain. In 2024 the top exports of Granada were Extra virgin olive oil (€198M), Food preparations nes (€145M), Tomatoes (Fresh/Chilled) (€144M), Munitions of war, ammunition/projectiles and parts (€99M), and Cucumbers & Gherkins (Fresh/Chilled) (€89.5M).

Imports In 2024, Spain's Granada imported €1.3B, making it the 32nd largest importer out of the 52 importers in Spain. In 2024 top imports of Granada were Light petroleum distillates nes (€292M), Extra virgin olive oil (€56.3M), Vitamins nes, derivatives, unmixed (€43.5M), New Rubber Pneumatic Tyres for Motor... (€31.4M), and Munitions of war, ammunition/projectiles and parts (€31.3M).

Economic Complexity In 2024, the highest complexity exports of Granada according to the product complexity index (PCI) are Ketones and Quinones (1.41), Saturated Acyclic Monocarboxylic Acids (0.91), Kaolin Coated Paper (0.85), Laboratory Reagents (0.85), Carboxylic Acids (0.77), Glands and Other Organs (0.6), Iron Toiletry (0.51), Military Weapons (0.44), Large Iron Containers (0.35), and Stone Processing Machines (0.27). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

December, 2024

About

Overview In December 2024 Granada exported €136M and imported €128M, resulting in a positive trade balance of €7.98M. Between December 2023 and December 2024 the exports of Granada have decreased by $-663k (-0.48%) from €137M to €136M, while imports decreased by €-9.33M (-6.77%) from €138M to €128M.

Trade In December 2024, the top exports of Granada were Pure Olive Oil (€21.1M), Cucumbers (€15.8M), Tomatoes (€15.5M), Other Edible Preparations (€12.8M), and Other Vegetables (€5.45M). In December 2024 the top imports of Granada were Refined Petroleum (€22.2M), Nitrogenous Fertilizers (€6.52M), Other Vegetables (€3.44M), Pure Olive Oil (€3.1M), and Molasses (€2.97M).

Destinations In December 2024, Granada exported mostly to Germany (€32.5M), Netherlands (€13.6M), France (€13.4M), Italy (€12.1M), and Portugal (€6.68M), and imported mostly from Italy (€28.9M), Germany (€12.3M), China (€11.4M), Netherlands (€8.56M), and Portugal (€7.99M).

Growth In December 2024, the decrease in Granada's year-by-year exports was explained primarily by an decrease in exports to Italy (€-4.86M or -28.7%), France (€-3.02M or -18.3%), and Mexico (€-2.68M or -70.7%), and product exports decrease in Small Iron Containers (€-2.92M or -60.7%), Pure Olive Oil (€-2.78M or -11.6%), and Bi-Wheel Vehicle Parts (€-2.38M or -99.2%). In December 2024, the decrease in Granada's year-by-year imports was explained primarily by an decrease in imports from Rest of the world (€-27.1M or -99.2%), Portugal (€-5.56M or -41%), and Hungary (€-4.13M or -95.2%), and product imports decrease in Pure Olive Oil (€-5.9M or -65.6%), Refined Petroleum (€-5.07M or -18.6%), and Vaccines, blood, antisera, toxins and cultures (€-4.41M or -97.7%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (December 2023 - December 2024)€-663k(-0.48%)
IMPORT GROWTH (December 2023 - December 2024)€-9.33M(-6.77%)

This section shows exports and imports data at subnational level for Granada. 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 Granada over time.

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Historical Data

Yearly Exports

Color
Depth
Top Destination (2024)Germany€290M
Top Product (2024)Extra virgin olive oil€198M

In 2024 the top export destinations of Granada were Germany (€290M), France (€223M), Italy (€141M), Netherlands (€125M), and Slovakia (€97.6M).

In 2024 the top exports of Granada were Extra virgin olive oil (€198M), Food preparations nes (€145M), Tomatoes (Fresh/Chilled) (€144M), Munitions of war, ammunition/projectiles and parts (€99M), and Cucumbers & Gherkins (Fresh/Chilled) (€89.5M).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2023 - Dec 2024)
Germany €6.56M (25.3%)
United States €3.24M (108%)
Guatemala €1.94M (368%)
Rapidly Declining Export Origins (Dec 2023 - Dec 2024)
Italy -€4.86M (-28.7%)
France -€3.02M (-18.3%)
Mexico -€2.68M (-70.7%)

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Yearly Imports

Color
Depth
Top Origin (2024)Italy€283M
Top Import (2024)Light petroleum distillates nes€292M

In 2024 the top import origins of Granada were Italy (€283M), China (€191M), Germany (€163M), Portugal (€138M), and Netherlands (€123M).

In 2024 the top imports of Granada were Light petroleum distillates nes (€292M), Extra virgin olive oil (€56.3M), Vitamins nes, derivatives, unmixed (€43.5M), New Rubber Pneumatic Tyres for Motor... (€31.4M), and Munitions of war, ammunition/projectiles and parts (€31.3M).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2023 - Dec 2024)
Italy €20M (225%)
Netherlands €1.88M (28.3%)
United States €1.81M (82.8%)
Rapidly Declining Import Origins (Dec 2023 - Dec 2024)
Portugal -€5.56M (-41%)
Hungary -€4.13M (-95.2%)
Russia -€1.67M (-99.9%)

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Economic Complexity

Economic Complexity of Granada

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Economic Complexity (2024)-0.25

Granada ranks 33rd out of the 52 provinces in Spain according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Economic Complexity Ranking

Value

The economic complexity of a territory can change year to year. Granada it is in position 33rd considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Granada already has a comparative advantage, are led by Fruit Juice (0.17), Pickled Foods (0.17), Prepared Cereals (0.17), Pitted Fruits (0.16), and Potatoes (0.16).

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Most Complex Products by PCI

The highest complexity exports of Granada according to the product complexity index (PCI) are Ketones and Quinones (1.41), Saturated Acyclic Monocarboxylic Acids (0.91), Kaolin Coated Paper (0.85), Laboratory Reagents (0.85), Carboxylic Acids (0.77), Glands and Other Organs (0.6), Iron Toiletry (0.51), Military Weapons (0.44), Large Iron Containers (0.35), and Stone Processing Machines (0.27). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Cucumbers (351.32), Pure Olive Oil (335.79), Tomatoes (179.31), Explosive Ammunition (156.51), and Olive Oil (143.31).

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Product Space

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 Granada 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.

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Relatedness Space

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

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Diversification Frontier

Depth
Filter

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. Bubble size corresponds to exports value by year 2020.

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