Las Palmas

Province in Canary Islands, Autonomous Community in Spain

2019
Economic
Complexity
: -0.22, Rank 26 of 49

Jan 2021
Trade
Exports | Imports
: €109M | €93M, 36 of 53 | 30 of 53

Jan 2021
Country
Destination | Origin
: World | Portugal , €60.9M  | €9M

Jan 2021
Product
Exports | Imports
: Refined Petroleum | Refined Petroleum , €51.2M  | €16M

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

Exports: In 2020, Spain's Las Palmas exported €1.26B, making it the 36th largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Las Palmas were Light petroleum distillates nes (€423M), Commodities not specified according to kind (€195M), Perfumes and toilet waters (€49.2M), Coal tar distillation products nes (€43.7M), and Aircraft parts nes (€28.6M).

Imports: In 2020, Spain's Las Palmas imported €1.48B, making it the 27th largest importer out of the 52 importers in Spain. In 2020 top imports of Las Palmas were Light petroleum distillates nes (€144M), Cargo vessels other than tanker or... (€64.5M), Small Sized Cars (€63.6M), Coal tar distillation products nes (€47.1M), and Micro Cars (€44.5M).

Economic Complexity: In 2019, the highest complexity exports of Las Palmas according to the product complexity index (PCI) are Excavation Machinery (0.8), Industrial Food Preperation Machinery (0.78), Aircraft Parts (0.6), Beauty Products (0.42), and Precious Metal Watches (0.41). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between Las Palmas's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Spain's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): World, €738M

Top Product (2020): Light petroleum distillates nes, €423M

In 2020 the top export destinations of Las Palmas were World (€738M), Senegal (€59.7M), Netherlands (€51.6M), France (€50.3M), and Portugal (€40.4M).

In 2020 the top exports of Las Palmas were Light petroleum distillates nes (€423M), Commodities not specified according to kind (€195M), Perfumes and toilet waters (€49.2M), Coal tar distillation products nes (€43.7M), and Aircraft parts nes (€28.6M).

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Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): Germany, €215M

Top Import (2020): Light petroleum distillates nes, €144M

In 2020 the top import origins of Las Palmas were Germany (€215M), Netherlands (€147M), Portugal (€119M), France (€98.1M), and Italy (€92.1M).

In 2020 the top imports of Las Palmas were Light petroleum distillates nes (€144M), Cargo vessels other than tanker or... (€64.5M), Small Sized Cars (€63.6M), Coal tar distillation products nes (€47.1M), and Micro Cars (€44.5M).

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Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of Spain

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Las Palmas ranks 26th 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 26th 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 Other Vegetables (0.12), Crude Petroleum (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 Excavation Machinery (0.8), Industrial Food Preperation Machinery (0.78), Aircraft Parts (0.6), Beauty Products (0.42), and Precious Metal Watches (0.41). 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 (62), Cucumbers (54.5), Coal Tar Oil (41.5), Tomatoes (33.6), and Perfumes (32.1).

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.