Las Palmas

Province in Islas Canarias, Autonomous Community in Spain

Exports (2019): €1.82B, Rnk 32/52

Top Destination (2019): €1.25B, World

Top Export (2019): €620M, Light petroleum distillates nes

Imports (2019): €2.16B, Rnk 26/52

Top Origin (2019): €284M, Netherlands

Top Import (2019): €289M, Light petroleum distillates nes

Economic Complexity (2019): -0.21, Rnk 28 / 52

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

Exports: In 2019, Spain's Las Palmas exported €1.82B, making it the 32nd largest exporter out of the 52 exporters in Spain. In 2019 the top exports of Las Palmas were Light petroleum distillates nes (€620M), Commodities not specified according to kind (€360M), Coal tar distillation products nes (€114M), Perfumes and toilet waters (€58.9M), and Parts of boring or sinking machinery (€37.1M).

Imports: In 2019, Spain's Las Palmas imported €2.16B, making it the 26th largest importer out of the 52 importers in Spain. In 2019 top imports of Las Palmas were Light petroleum distillates nes (€289M), Coal tar distillation products nes (€121M), Fixed wing aircraft, unladen weight >... (€97.7M), Small Sized Cars (€86.1M), and Cargo vessels other than tanker or... (€76.3M).

Economic Complexity: In 2019, the highest complexity exports of Las Palmas according to the product complexity index (PCI) are Gaskets (1.38), 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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Top Destination (2019): World, €1.25B

Top Product (2019): Light petroleum distillates nes, €620M

In 2019 the top export destinations of Las Palmas were World (€1.25B), Senegal (€64.1M), Netherlands (€62.3M), United Kingdom (€54.2M), and Portugal (€38.7M).

In 2019 the top exports of Las Palmas were Light petroleum distillates nes (€620M), Commodities not specified according to kind (€360M), Coal tar distillation products nes (€114M), Perfumes and toilet waters (€58.9M), and Parts of boring or sinking machinery (€37.1M).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

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Top Origin (2019): Netherlands, €284M

Top Import (2019): Light petroleum distillates nes, €289M

In 2019 the top import origins of Las Palmas were Netherlands (€284M), Germany (€249M), France (€178M), Brazil (€157M), and Italy (€150M).

In 2019 the top imports of Las Palmas were Light petroleum distillates nes (€289M), Coal tar distillation products nes (€121M), Fixed wing aircraft, unladen weight >... (€97.7M), Small Sized Cars (€86.1M), and Cargo vessels other than tanker or... (€76.3M).

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Import Dynamics

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Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

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This section shows differences between total trade from Las Palmas throughout time.

This section shows forecasts for total exports and imports from Las Palmas. 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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Las Palmas ranks 28th out of the 52 provinces 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. Las Palmas it is in position 28th 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 Las Palmas already has a comparative advantage, are led by Crude Petroleum (0.13), Other Vegetables (0.12), Cement (0.12), Flavored Water (0.12), and Legumes (0.12).

Most Complex Products by PCI

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The highest complexity exports of Las Palmas according to the product complexity index (PCI) are Gaskets (1.38), 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 Netting (63.3), Cucumbers (52.6), Coal Tar Oil (43.9), Tomatoes (32.1), and Perfumes (32).

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 Las Palmas 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  Las Palmas. These are products that tend to be co-exported with the products that Las Palmas 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.