Lugo

Province in Galicia, Autonomous Community in Spain

2019
Economic
Complexity
: -0.35, Rank 36 of 49

Jan 2021
Trade
Exports | Imports
: €37.9M | €46.1M, 45 of 53 | 43 of 53

Jan 2021
Country
Destination | Origin
: France | Guinea , €9.04M  | €8.87M

Jan 2021
Product
Exports | Imports
: Milk | Aluminium Ore , €7.22M  | €8.87M

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

Exports: In 2020, Spain's Lugo exported €585M, making it the 43rd largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Lugo were Aluminium oxide, except artificial corundum (€81.3M), Dairy produce: milk and cream, not... (€56.7M), Aluminium hydroxide (€55.8M), Aluminium unwrought, alloyed (€48.8M), and Medium density fibreboard (MDF), of a... (€20.3M).

Imports: In 2020, Spain's Lugo imported €724M, making it the 37th largest importer out of the 52 importers in Spain. In 2020 top imports of Lugo were Aluminium ores and concentrates (€167M), Aluminium unwrought, not alloyed (€138M), Sodium hydroxide (caustic soda) in aqueous... (€34.8M), Aluminium unwrought, alloyed (€33.5M), and Paper and paperboard: coated, impregnated or... (€23.9M).

Economic Complexity: In 2019, the highest complexity exports of Lugo according to the product complexity index (PCI) are Glass with Edge Workings (1.81), Motor-working Tools (1.55), Other Office Machines (0.9), Electrical Power Accessories (0.88), and Electric Motors (0.78). 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 Lugo'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): France, €122M

Top Product (2020): Aluminium oxide, except artificial corundum, €81.3M

In 2020 the top export destinations of Lugo were France (€122M), Portugal (€105M), Netherlands (€99.4M), China (€34.3M), and Italy (€33.4M).

In 2020 the top exports of Lugo were Aluminium oxide, except artificial corundum (€81.3M), Dairy produce: milk and cream, not... (€56.7M), Aluminium hydroxide (€55.8M), Aluminium unwrought, alloyed (€48.8M), and Medium density fibreboard (MDF), of a... (€20.3M).

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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): Guinea, €167M

Top Import (2020): Aluminium ores and concentrates, €167M

In 2020 the top import origins of Lugo were Guinea (€167M), United Kingdom (€163M), France (€56.1M), Germany (€50.8M), and Portugal (€41.5M).

In 2020 the top imports of Lugo were Aluminium ores and concentrates (€167M), Aluminium unwrought, not alloyed (€138M), Sodium hydroxide (caustic soda) in aqueous... (€34.8M), Aluminium unwrought, alloyed (€33.5M), and Paper and paperboard: coated, impregnated or... (€23.9M).

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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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Lugo ranks 36th 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. Lugo it is in position 36th 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 Lugo already has a comparative advantage, are led by Crustaceans (0.095), Gravel and Crushed Stone (0.094), Fuel Wood (0.094), Processed Fish (0.094), and Salt (0.093).

Most Complex Products by PCI

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The highest complexity exports of Lugo according to the product complexity index (PCI) are Glass with Edge Workings (1.81), Motor-working Tools (1.55), Other Office Machines (0.9), Electrical Power Accessories (0.88), and Electric Motors (0.78). 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 Aluminium Oxide (313), Milk (151), Magnesium Carbonate (136), Wood Fiberboard (94.8), and Slate (69.2).

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