Murcia

Province in Región de Murcia, Autonomous Community in Spain

Exports (2019): €10.6B, Rnk 6/52

Top Destination (2019): €1.39B, France

Top Export (2019): €1.32B, Light petroleum distillates nes

Imports (2019): €11.1B, Rnk 6/52

Top Origin (2019): €1.77B, Saudi Arabia

Top Import (2019): €6.04B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): -0.48, Rnk 45 / 52

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

Exports: In 2019, Spain's Murcia exported €10.6B, making it the 6th largest exporter out of the 52 exporters in Spain. In 2019 the top exports of Murcia were Light petroleum distillates nes (€1.32B), Petroleum spirit for motor vehicles (€747M), Polycarbonates, in primary forms (€547M), Fruit, edible: lemons (Citrus limon, Citrus... (€418M), and Naphthalene (€329M).

Imports: In 2019, Spain's Murcia imported €11.1B, making it the 6th largest importer out of the 52 importers in Spain. In 2019 top imports of Murcia were Petroleum oils, oils from bituminous minerals,... (€6.04B), Light petroleum distillates nes (€396M), Natural gas, liquefied (€342M), Soya beans: other than seed, whether... (€279M), and Maize except seed corn (€143M).

Economic Complexity: In 2019, the highest complexity exports of Murcia according to the product complexity index (PCI) are Petroleum Resins (1.16), Polyacetals (1), Pig Meat (0.78), Electric Generating Sets (0.75), and Cyclic Alcohols (0.72). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): France, €1.39B

Top Product (2019): Light petroleum distillates nes, €1.32B

In 2019 the top export destinations of Murcia were France (€1.39B), Italy (€1.15B), Germany (€1B), United Kingdom (€848M), and Netherlands (€671M).

In 2019 the top exports of Murcia were Light petroleum distillates nes (€1.32B), Petroleum spirit for motor vehicles (€747M), Polycarbonates, in primary forms (€547M), Fruit, edible: lemons (Citrus limon, Citrus... (€418M), and Naphthalene (€329M).

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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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Top Origin (2019): Saudi Arabia, €1.77B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., €6.04B

In 2019 the top import origins of Murcia were Saudi Arabia (€1.77B), Mexico (€1.54B), Iraq (€747M), Brazil (€605M), and China (€561M).

In 2019 the top imports of Murcia were Petroleum oils, oils from bituminous minerals,... (€6.04B), Light petroleum distillates nes (€396M), Natural gas, liquefied (€342M), Soya beans: other than seed, whether... (€279M), and Maize except seed corn (€143M).

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

This section shows forecasts for total exports and imports from Murcia. 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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Murcia ranks 45th 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 45th 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 (0.22), Raw Cotton (0.2), Salt (0.2), Cement (0.2), and Other Oily Seeds (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 Petroleum Resins (1.16), Polyacetals (1), Pig Meat (0.78), Electric Generating Sets (0.75), and Cyclic Alcohols (0.72). 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 (294), Cabbages (198), Melons (112), Sheep and Goats (82.8), and Pepper (59.7).

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.