Murcia

Province in Region of Murcia, Autonomous Community in Spain

2019
Economic
Complexity
: -0.48, Rank 44 of 49

Jan 2021
Trade
Exports | Imports
: €817M | €686M, 7 of 53 | 8 of 53

Jan 2021
Country
Destination | Origin
: France | Saudi Arabia , €136M  | €75M

Jan 2021
Product
Exports | Imports
: Refined Petroleum | Crude Petroleum , €154M  | €356M

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

Exports: In 2020, Spain's Murcia exported €9.93B, making it the 6th largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Murcia were Light petroleum distillates nes (€998M), Petroleum spirit for motor vehicles (€513M), Fruit, edible: lemons (Citrus limon, Citrus... (€503M), Polycarbonates, in primary forms (€466M), and Cauliflowers and headed broccoli, fresh or... (€344M).

Imports: In 2020, Spain's Murcia imported €8.11B, making it the 8th largest importer out of the 52 importers in Spain. In 2020 top imports of Murcia were Petroleum oils, oils from bituminous minerals,... (€3.77B), Light petroleum distillates nes (€279M), Soya beans: other than seed, whether... (€269M), Natural gas, liquefied (€192M), and Maize except seed corn (€146M).

Economic Complexity: In 2019, the highest complexity exports of Murcia according to the product complexity index (PCI) are Polyacetals (0.87), Animal Fat (0.53), Prefabricated Buildings (0.22), Sausages (0.21), and Metal Stoppers (0.19). 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 Murcia'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, €1.38B

Top Product (2020): Light petroleum distillates nes, €998M

In 2020 the top export destinations of Murcia were France (€1.38B), Germany (€1.12B), United Kingdom (€946M), Italy (€887M), and Netherlands (€602M).

In 2020 the top exports of Murcia were Light petroleum distillates nes (€998M), Petroleum spirit for motor vehicles (€513M), Fruit, edible: lemons (Citrus limon, Citrus... (€503M), Polycarbonates, in primary forms (€466M), and Cauliflowers and headed broccoli, fresh or... (€344M).

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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): Saudi Arabia, €964M

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., €3.77B

In 2020 the top import origins of Murcia were Saudi Arabia (€964M), Mexico (€888M), China (€613M), Italy (€528M), and Iraq (€386M).

In 2020 the top imports of Murcia were Petroleum oils, oils from bituminous minerals,... (€3.77B), Light petroleum distillates nes (€279M), Soya beans: other than seed, whether... (€269M), Natural gas, liquefied (€192M), and Maize except seed corn (€146M).

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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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Murcia ranks 44th 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. Murcia it is in position 44th 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 Murcia already has a comparative advantage, are led by Tropical Fruits (0.21), Salt (0.21), Other Oily Seeds (0.2), Locust beans, seaweed, sugar beet, cane,... (0.2), and Cement (0.2).

Most Complex Products by PCI

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The highest complexity exports of Murcia according to the product complexity index (PCI) are Polyacetals (0.87), Animal Fat (0.53), Prefabricated Buildings (0.22), Sausages (0.21), and Metal Stoppers (0.19). 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 Lettuce (302), Cabbages (201), Melons (116), Sheep and Goats (80.7), and Pepper (66.7).

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