Canary IslandsAutonomous 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.
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).
Fastest Growing Exports Destination (Aug 2019 - Aug 2020)
Rapidly Declining Export Origins (Aug 2019 - Aug 2020)
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).
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.
Canary Islands ranks 12th out of the 18 autonomous communities in Spain according to ECI.
Estimated using exports data.
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.
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).
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.
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.
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.
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