Las PalmasProvince 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.
Overview: In January 2021 Las Palmas exported €109M and imported €93M, resulting in a positive trade balance of €16.3M. Between January 2020 and January 2021 the exports of Las Palmas have decreased by $-51.7M (-32.1%) from €161M to €109M, while imports decreased by €-109M (-54%) from €202M to €93M.
Trade: In January 2021, the top exports of Las Palmas were Refined Petroleum (€51.2M), Commodities not elsewhere specified (€15.4M), Perfumes (€4.37M), Aircraft Parts (€3.79M), and Tomatoes (€2.63M). In January 2021 the top imports of Las Palmas were Refined Petroleum (€16M), Cars (€5.8M), Gas Turbines (€3.13M), Molluscs (€2.19M), and Wheat (€2.01M).
Destinations: In January 2021, Las Palmas exported mostly to World (€60.9M), Senegal (€13.6M), France (€6.82M), Netherlands (€5.34M), and United States (€2.21M), and imported mostly from Portugal (€9M), Italy (€8.91M), Germany (€8.9M), World (€6.39M), and Netherlands (€6.23M).
Growth: In January 2021, the decrease in Las Palmas's year-by-year exports was explained primarily by an decrease in exports to World (€-46.8M or -43.4%), Netherlands (€-3.14M or -37.1%), and Cape Verde (€-2.76M or -87.4%), and product exports decrease in Commodities not elsewhere specified (€-25.3M or -62.2%), Coal Tar Oil (€-8.71M or -96.2%), and Cars (€-4.03M or -79%). In January 2021, the decrease in Las Palmas's year-by-year imports was explained primarily by an decrease in imports from Portugal (€-26.3M or -74.5%), Belgium (€-13.4M or -89.2%), and United Kingdom (€-13M or -79.1%), and product imports decrease in Refined Petroleum (€-43.6M or -73.2%), Cars (€-5.86M or -50.2%), and Gas Turbines (€-5.16M or -62.3%).
EXPORT GROWTH (January 2020 - January 2021): €-51.7M, (-32.1%)
IMPORT GROWTH (January 2020 - January 2021): €-109M, (-54%)
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.
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.
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 (Jan 2020 - Jan 2021)
Rapidly Declining Export Origins (Jan 2020 - Jan 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).
Las Palmas ranks 26th out of the 52 provinces in Spain according to ECI.
Estimated using exports data.
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.
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).
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.
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.
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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