Granada | The Observatory of Economic Complexity

Granada

Province in Andalusia, Autonomous Community in Spain

2023
Economic
Complexity -0.22Rank 28 of 49

Aug 2024
Trade
Exports | Imports €113M | €125M38 of 53 | 34 of 53

Aug 2024
Country
Destination | Origin France | Italy €15.4M | €26.5M

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Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Granada. In August 2024 Granada was the number 37 in total exports and the number 33 in total imports in Spain.

Exports In 2023, Spain's Granada exported €1.59B, making it the 37th largest exporter out of the 52 exporters in Spain. In 2023 the top exports of Granada were Tomatoes (Fresh/Chilled) (€150M), Extra virgin olive oil (€148M), Food preparations nes (€144M), Cucumbers & Gherkins (Fresh/Chilled) (€92.8M), and Asparagus (Fresh/Chilled) (€57.6M).

Imports In 2023, Spain's Granada imported €1.3B, making it the 33rd largest importer out of the 52 importers in Spain. In 2023 top imports of Granada were Light petroleum distillates nes (€143M), Extra virgin olive oil (€54.7M), Photosensitive devices; assembled photovoltaic modules/panels (€47.3M), Pneumatic tyres new of rubber for... (€28.7M), and Asparagus (Fresh/Chilled) (€26.6M).

Economic Complexity In 2023, the highest complexity exports of Granada according to the product complexity index (PCI) are Ketones and Quinones (1.43), Laboratory Reagents (1.31), Stone Working Machines (1.15), Saturated Acyclic Monocarboxylic Acids (0.98), Compounded Unvulcanised Rubber (0.9), Cyclic Alcohols (0.81), Carboxylic Acids (0.76), Kaolin Coated Paper (0.69), Glands and Other Organs (0.66), and Iron Toiletry (0.54). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

August, 2024

About

Overview In August 2024 Granada exported €113M and imported €125M, resulting in a negative trade balance of €12.3M. Between August 2023 and August 2024 the exports of Granada have increased by $7.89M (7.54%) from €105M to €113M, while imports increased by €14.1M (12.7%) from €111M to €125M.

Trade In August 2024, the top exports of Granada were Other Edible Preparations (€17.9M), Pure Olive Oil (€17.4M), Tomatoes (€8.59M), Kaolin Coated Paper (€3.09M), and Commodities not elsewhere specified (€2.88M). In August 2024 the top imports of Granada were Refined Petroleum (€22.9M), Mixed Mineral or Chemical Fertilizers (€7.33M), Delivery Trucks (€5M), Tropical Fruits (€4.01M), and Pure Olive Oil (€3.55M).

Destinations In August 2024, Granada exported mostly to France (€15.4M), Germany (€14.8M), Netherlands (€8.25M), Italy (€7.51M), and Portugal (€5.7M), and imported mostly from Italy (€26.5M), China (€18.1M), Germany (€15.1M), Portugal (€9.67M), and Netherlands (€7.84M).

Growth In August 2024, the increase in Granada's year-by-year exports was explained primarily by an increase in exports to Netherlands (€2.72M or 49.2%), Peru (€2.19M or 370%), and Germany (€1.76M or 13.5%), and product exports increase in Other Edible Preparations (€4.74M or 35.9%), Raw Plastic Sheeting (€906k or 68%), and Gravel and Crushed Stone (€868k or 1.46k%). In August 2024, the increase in Granada's year-by-year imports was explained primarily by an increase in imports from Italy (€20.5M or 342%), Germany (€5.79M or 62.4%), and China (€4.84M or 36.4%), and product imports increase in Mixed Mineral or Chemical Fertilizers (€6.31M or 615%), Delivery Trucks (€4.32M or 636%), and Vitamins (€2.58M or 273%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (August 2023 - August 2024)€7.89M(7.54%)

IMPORT GROWTH (August 2023 - August 2024)€14.1M(12.7%)

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

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)Germany€241M

Top Product (2023)Tomatoes (Fresh/Chilled)€150M

In 2023 the top export destinations of Granada were Germany (€241M), France (€212M), Netherlands (€124M), Italy (€120M), and Portugal (€94.9M).

In 2023 the top exports of Granada were Tomatoes (Fresh/Chilled) (€150M), Extra virgin olive oil (€148M), Food preparations nes (€144M), Cucumbers & Gherkins (Fresh/Chilled) (€92.8M), and Asparagus (Fresh/Chilled) (€57.6M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Aug 2023 - Aug 2024)

Netherlands €2.72M (49.2%)

Peru €2.19M (370%)

Germany €1.76M (13.5%)

Rapidly Declining Export Origins (Aug 2023 - Aug 2024)

Italy -€6.55M (-46.6%)

Japan -€2.07M (-94.3%)

Slovakia -€1.1M (-86.5%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)China€213M

Top Import (2023)Light petroleum distillates nes€143M

In 2023 the top import origins of Granada were China (€213M), Germany (€135M), Italy (€117M), Portugal (€110M), and France (€86.1M).

In 2023 the top imports of Granada were Light petroleum distillates nes (€143M), Extra virgin olive oil (€54.7M), Photosensitive devices; assembled photovoltaic modules/panels (€47.3M), Pneumatic tyres new of rubber for... (€28.7M), and Asparagus (Fresh/Chilled) (€26.6M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Aug 2023 - Aug 2024)

Italy €20.5M (342%)

Germany €5.79M (62.4%)

China €4.84M (36.4%)

Rapidly Declining Import Origins (Aug 2023 - Aug 2024)

Israel -€26.2M (-98.2%)

Egypt -€2.74M (-98.3%)

Costa Rica -€1.04M (-70.6%)

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Economic Complexity

Economic Complexity of Granada

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Geomap

Treemap

Economic Complexity (2023)-0.22

Granada ranks 28th 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

Ranking

Value

The economic complexity of a territory can change year to year. Granada it is in position 28th 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 (0.16), Locust beans, seaweed, sugar beet, cane,... (0.16), Prepared Cereals (0.16), Pasta (0.16), and Pickled Foods (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 (1.43), Laboratory Reagents (1.31), Stone Working Machines (1.15), Saturated Acyclic Monocarboxylic Acids (0.98), Compounded Unvulcanised Rubber (0.9), Cyclic Alcohols (0.81), Carboxylic Acids (0.76), Kaolin Coated Paper (0.69), Glands and Other Organs (0.66), and Iron Toiletry (0.54). 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 (404.55), Pure Olive Oil (315.08), Tomatoes (196.46), Small Iron Containers (103.35), and Other Vegetables (75.38).

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Product Space

RCA Filter

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

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

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.