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

Exports In 2020, Spain's Madrid exported €29.3B, making it the 2nd largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Madrid were Medicaments nes, in dosage (€2.65B), Road tractors for semi-trailers (truck tractors) (€1.17B), Fixed wing aircraft, unladen weight >... (€1.02B), Commodities not specified according to kind (€810M), and Aircraft parts nes (€651M).

Imports In 2020, Spain's Madrid imported €62.1B, making it the 1st largest importer out of the 52 importers in Spain. In 2020 top imports of Madrid were Medicaments nes, in dosage (€5.43B), Telephones for cellular networks or for... (€2.27B), Natural gas, liquefied (€1.84B), Blood, human or animal, antisera, other... (€1.55B), and Automatic data processing machines: portable, weighing... (€1.27B).

Economic Complexity In 2020, the highest complexity exports of Madrid according to the product complexity index (PCI) are Hot-Rolled Stainless Steel Bars (1.8), Self-Propelled Rail Transport (1.68), Motor-working Tools (1.55), X-Ray Equipment (1.53), and Other Stainless Steel Bars (1.25). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

#permalink to section

Yearly Exports

#permalink to section
Value
Compare to
Depth

Top Destination (2020): France, €3.94B

Top Product (2020): Medicaments nes, in dosage, €2.65B

In 2020 the top export destinations of Madrid were France (€3.94B), Portugal (€3.4B), Germany (€3.03B), United Kingdom (€2.6B), and Italy (€2.06B).

In 2020 the top exports of Madrid were Medicaments nes, in dosage (€2.65B), Road tractors for semi-trailers (truck tractors) (€1.17B), Fixed wing aircraft, unladen weight >... (€1.02B), Commodities not specified according to kind (€810M), and Aircraft parts nes (€651M).

Explore Visualizations

Exports Dynamics

#permalink to section

Fastest Growing Exports Destination (May 2020 - May 2021)

Rapidly Declining Export Origins (May 2020 - May 2021)

Yearly Imports

#permalink to section
Value
Depth
Compare to

Top Origin (2020): China, €8.57B

Top Import (2020): Medicaments nes, in dosage, €5.43B

In 2020 the top import origins of Madrid were China (€8.57B), Germany (€8.37B), France (€5.94B), United States (€5.57B), and Italy (€4.13B).

In 2020 the top imports of Madrid were Medicaments nes, in dosage (€5.43B), Telephones for cellular networks or for... (€2.27B), Natural gas, liquefied (€1.84B), Blood, human or animal, antisera, other... (€1.55B), and Automatic data processing machines: portable, weighing... (€1.27B).

Explore Visualizations

Imports Dynamics

#permalink to section

Fastest Growing Import Origins (May 2020 - May 2021)

Rapidly Declining Import Origins (May 2020 - May 2021)

Economic Complexity

#permalink to section

Economic Complexity of Spain

#permalink to section

Economic Complexity (2020): 0.026

Madrid ranks 8th 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.

Discover Economic Complexity

Economic Complexity Ranking

#permalink to section
Scale

The economic complexity of a territory can change year to year. Madrid it is in position 8th considering its ECI in the last year.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

The top export opportunities according to the relatedness level, without considering those products were Madrid already has a comparative advantage, are led by Knit Men's Undergarments (0.3), Knit Women's Shirts (0.3), Knit Men's Shirts (0.3), Hard Liquor (0.29), and Non-Knit Women's Undergarments (0.29).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Madrid according to the product complexity index (PCI) are Hot-Rolled Stainless Steel Bars (1.8), Self-Propelled Rail Transport (1.68), Motor-working Tools (1.55), X-Ray Equipment (1.53), and Other Stainless Steel Bars (1.25). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Railway Track Fixtures (21.1), Traffic Signals (15.4), Vermouth (15.2), Tractors (13.1), and Armored vehicles (12.9).

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 Madrid 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

#permalink to section

This network shows the products most related to the production structure of  Madrid. These are products that tend to be co-exported with the products that Madrid exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

#permalink to section
Depth
Filter

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.