Las PalmasProvince in Canary Islands, Autonomous Community in Spain
2020 Economic Complexity : -0.19, Rank 20 of 48
Apr 2021 Trade Exports | Imports: €111M | €109M, 39 of 53 | 31 of 53
Apr 2021 Country Destination | Origin: World | Germany , €55M | €15.5M
Apr 2021 Product Exports | Imports: Light petroleum distillates nes | Small Sized Cars , €54.1M | €6.03M
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 Nonaqueous Paints (0.27). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In April 2021 Las Palmas exported €111M and imported €109M, resulting in a positive trade balance of €1.77M. Between April 2020 and April 2021 the exports of Las Palmas have increased by $40.8M (58.4%) from €69.9M to €111M, while imports increased by €17.5M (19.1%) from €91.4M to €109M.
Trade: In April 2021, the top exports of Las Palmas were Refined Petroleum (€54.2M), Aircraft Parts (€8.46M), Perfumes (€5.8M), Commodities not elsewhere specified (€4.5M), and Non-fillet Frozen Fish (€3.14M). In April 2021 the top imports of Las Palmas were Cars (€17.7M), Corn (€4.24M), Molluscs (€3.76M), Coal Tar Oil (€3.41M), and Petroleum Coke (€2.46M).
Destinations: In April 2021, Las Palmas exported mostly to World (€55M), Senegal (€12.2M), France (€9.61M), Netherlands (€5.16M), and Equatorial Guinea (€2.71M), and imported mostly from Germany (€15.5M), Italy (€8.66M), Portugal (€8.6M), Netherlands (€7.38M), and China (€7.11M).
Growth: In April 2021, the increase in Las Palmas's year-by-year exports was explained primarily by an increase in exports to Senegal (€10.7M or 746%), World (€8.64M or 18.7%), and France (€7.99M or 492%), and product exports increase in Refined Petroleum (€36M or 197%), Aircraft Parts (€8.32M or 5.93k%), and Perfumes (€5.44M or 1.54k%). In April 2021, the increase in Las Palmas's year-by-year imports was explained primarily by an increase in imports from Germany (€8.37M or 117%), Czechia (€4.39M or 621%), and Italy (€3.79M or 77.9%), and product imports increase in Cars (€15.4M or 657%), Corn (€2.93M or 223%), and Molluscs (€2.63M or 232%).
EXPORT GROWTH (April 2020 - April 2021): €40.8M, (58.4%)
IMPORT GROWTH (April 2020 - April 2021): €17.5M, (19.1%)
This section shows exports and imports data at subnational level for Las Palmas. 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 Las Palmas over time.
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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).
Fastest Growing Exports Destination (Apr 2020 - Apr 2021)
Rapidly Declining Export Origins (Apr 2020 - Apr 2021)
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).
Economic Complexity (2020): -0.19
Las Palmas ranks 20th 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.
The economic complexity of a territory can change year to year. Las Palmas it is in position 20th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Las Palmas already has a comparative advantage, are led by Processed Fish (0.11), Fish Fillets (0.11), Processed Fish (0.11), Other Vegetables (0.11), and Organic Composite Solvents (0.11).
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 Nonaqueous Paints (0.27). 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 Netting (93), Cucumbers (68.8), Perfumes (38.6), Tomatoes (37.3), and Vegetable Saps (31).
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.
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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