Canary Islands

Autonomous Community in Spain

Exports (2019): €2.67B, Rnk 13/18

Top Destination (2019): €1.92B, World

Top Export (2019): €1.03B, Light petroleum distillates nes

Imports (2019): €3.58B, Rnk 13/18

Top Origin (2019): €438M, Netherlands

Top Import (2019): €646M, Light petroleum distillates nes

Economic Complexity (2019): -0.27, Rnk 12 / 18

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

Exports: In 2019, Spain's Canary Islands exported €2.67B, making it the 13th largest exporter out of the 18 exporters in Spain. In 2019 the top exports of Canary Islands were Light petroleum distillates nes (€1.03B), Commodities not specified according to kind (€438M), Coal tar distillation products nes (€200M), Perfumes and toilet waters (€68.6M), and Aircraft parts nes (€49.1M).

Imports: In 2019, Spain's Canary Islands imported €3.58B, making it the 13th largest importer out of the 18 importers in Spain. In 2019 top imports of Canary Islands were Light petroleum distillates nes (€646M), Coal tar distillation products nes (€219M), Small Sized Cars (€145M), Fixed wing aircraft, unladen weight >... (€97.7M), and Micro Cars (€81.6M).

Economic Complexity: In 2019, the highest complexity exports of Canary Islands according to the product complexity index (PCI) are Other Heating Machinery (1.36), Iron Chains (1.18), Steam Turbines (1.13), Other Engines (1.07), and Other Hand Tools (1.06). 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 (2019): World, €1.92B

Top Product (2019): Light petroleum distillates nes, €1.03B

In 2019 the top export destinations of Canary Islands were World (€1.92B), United Kingdom (€82.9M), Netherlands (€75.3M), Senegal (€65.9M), and Portugal (€45.5M).

In 2019 the top exports of Canary Islands were Light petroleum distillates nes (€1.03B), Commodities not specified according to kind (€438M), Coal tar distillation products nes (€200M), Perfumes and toilet waters (€68.6M), and Aircraft parts nes (€49.1M).

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Exports Dynamics

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Fastest Growing Exports Destination (Aug 2019 - Aug 2020)

Rapidly Declining Export Origins (Aug 2019 - Aug 2020)

Yearly Imports

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Value
Depth

Top Origin (2019): Netherlands, €438M

Top Import (2019): Light petroleum distillates nes, €646M

In 2019 the top import origins of Canary Islands were Netherlands (€438M), Germany (€437M), France (€266M), Italy (€260M), and China (€207M).

In 2019 the top imports of Canary Islands were Light petroleum distillates nes (€646M), Coal tar distillation products nes (€219M), Small Sized Cars (€145M), Fixed wing aircraft, unladen weight >... (€97.7M), and Micro Cars (€81.6M).

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Imports Dynamics

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Fastest Growing Import Origins (Aug 2019 - Aug 2020)

Rapidly Declining Import Origins (Aug 2019 - Aug 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from Canary Islands throughout time.

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

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Economic Complexity

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Economic Complexity of Spain

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Canary Islands ranks 12th 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. Canary Islands it is in position 12th 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 Canary Islands already has a comparative advantage, are led by Crude Petroleum (0.12), Other Vegetables (0.11), Flavored Water (0.11), Cement (0.11), and Scrap Aluminium (0.11).

Most Complex Products by PCI

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The highest complexity exports of Canary Islands according to the product complexity index (PCI) are Other Heating Machinery (1.36), Iron Chains (1.18), Steam Turbines (1.13), Other Engines (1.07), and Other Hand Tools (1.06). 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 Coal Tar Oil (52.5), Netting (43.1), Vehicle Chassis (38), Cucumbers (35.8), and Stranded Iron Wire (25.7).

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