Lugo

Province in Galicia, Autonomous Community in Spain

Exports (2019): €650M, Rnk 43/52

Top Destination (2019): €162M, Netherlands

Top Export (2019): €132M, Aluminium oxide, except artificial corundum

Imports (2019): €739M, Rnk 37/52

Top Origin (2019): €165M, Guinea

Top Import (2019): €173M, Aluminium ores and concentrates

Economic Complexity (2019): -0.34, Rnk 38 / 52

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

Exports: In 2019, Spain's Lugo exported €650M, making it the 43rd largest exporter out of the 52 exporters in Spain. In 2019 the top exports of Lugo were Aluminium oxide, except artificial corundum (€132M), Aluminium hydroxide (€69.5M), Aluminium unwrought, alloyed (€69.5M), Dairy produce: milk and cream, not... (€40.7M), and AC generators, of an output >... (€29.9M).

Imports: In 2019, Spain's Lugo imported €739M, making it the 37th largest importer out of the 52 importers in Spain. In 2019 top imports of Lugo were Aluminium ores and concentrates (€173M), Aluminium unwrought, not alloyed (€47.7M), Sodium hydroxide (caustic soda) in aqueous... (€42.8M), Molluscs; octopus (Octopus spp.), frozen (€41.5M), and Aluminium unwrought, alloyed (€25.4M).

Economic Complexity: In 2019, the highest complexity exports of Lugo according to the product complexity index (PCI) are Glass with Edge Workings (1.78), Motor-working Tools (1.56), Other Iron Products (0.99), Other Office Machines (0.85), and Electrical Power Accessories (0.82). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
Depth

Top Destination (2019): Netherlands, €162M

Top Product (2019): Aluminium oxide, except artificial corundum, €132M

In 2019 the top export destinations of Lugo were Netherlands (€162M), Portugal (€103M), France (€98.2M), Italy (€55.1M), and United States (€27.8M).

In 2019 the top exports of Lugo were Aluminium oxide, except artificial corundum (€132M), Aluminium hydroxide (€69.5M), Aluminium unwrought, alloyed (€69.5M), Dairy produce: milk and cream, not... (€40.7M), and AC generators, of an output >... (€29.9M).

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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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Value
Depth

Top Origin (2019): Guinea, €165M

Top Import (2019): Aluminium ores and concentrates, €173M

In 2019 the top import origins of Lugo were Guinea (€165M), United Kingdom (€66.8M), United States (€62.7M), France (€62.2M), and Portugal (€59.3M).

In 2019 the top imports of Lugo were Aluminium ores and concentrates (€173M), Aluminium unwrought, not alloyed (€47.7M), Sodium hydroxide (caustic soda) in aqueous... (€42.8M), Molluscs; octopus (Octopus spp.), frozen (€41.5M), and Aluminium unwrought, alloyed (€25.4M).

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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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Flow
Value

This section shows differences between total trade from Lugo throughout time.

This section shows forecasts for total exports and imports from Lugo. 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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Lugo ranks 38th 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 38th 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 (0.096), Plywood (0.096), Salt (0.095), Other Vegetables (0.095), and Fuel Wood (0.095).

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 (1.78), Motor-working Tools (1.56), Other Iron Products (0.99), Other Office Machines (0.85), and Electrical Power Accessories (0.82). 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 (327), Milk (154), Magnesium Carbonate (136), Wood Fiberboard (96.2), and Slate (65.6).

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.