MurciaProvince in Region of Murcia, Autonomous Community in Spain
2020 Economic Complexity : -0.49, Rank 44 of 48
Aug 2022 Trade Exports | Imports: €1.24B | €1.6B, 5 of 53 | 4 of 53
Aug 2022 Country Destination | Origin: France | Kazakhstan , €169M | €202M
Aug 2022 Product Exports | Imports: Light petroleum distillates nes | Petroleum oils, oils from bituminous minerals, crude , €277M | €1.01B
Overview This page contains the latest international trade data for Murcia. In August 2022 Murcia was the number 6 in total exports and the number 8 in total imports in Spain.
Exports In 2021, Spain's Murcia exported €11.8B, making it the 6th largest exporter out of the 52 exporters in Spain. In 2021 the top exports of Murcia were Light petroleum distillates nes (€1.48B), Petroleum spirit for motor vehicles (€871M), Polycarbonates (€596M), Fruit, edible: lemons (Citrus limon, Citrus... (€456M), and Cauliflowers and headed broccoli, fresh or... (€345M).
Imports In 2021, Spain's Murcia imported €10.9B, making it the 8th largest importer out of the 52 importers in Spain. In 2021 top imports of Murcia were Petroleum oils, oils from bituminous minerals,... (€5.11B), Light petroleum distillates nes (€631M), Soya beans: other than seed, whether... (€425M), Maize except seed corn (€180M), and Processed animal, vegetable oils, industrial preps... (€115M).
Economic Complexity In 2020, the highest complexity exports of Murcia according to the product complexity index (PCI) are Vermouth (-0.33), Lettuce (-0.86), Citrus (-0.97), Cabbages (-1.05), and Grapes (-1.19). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
August, 2022
Overview In August 2022 Murcia exported €1.24B and imported €1.6B, resulting in a negative trade balance of €360M. Between August 2021 and August 2022 the exports of Murcia have increased by $329M (36.3%) from €907M to €1.24B, while imports increased by €528M (49.4%) from €1.07B to €1.6B.
Trade In August 2022, the top exports of Murcia were Refined Petroleum (€359M), Grapes (€69.9M), Melons (€66.2M), Crude Petroleum (€55M), and Polyacetals (€53.3M). In August 2022 the top imports of Murcia were Crude Petroleum (€1.01B), Corn (€59.8M), Refined Petroleum (€36.6M), Soybeans (€31.9M), and Inedible Fats and Oils (€21.2M).
Destinations In August 2022, Murcia exported mostly to France (€169M), Germany (€99.4M), Netherlands (€89.7M), Belgium (€84.6M), and Morocco (€83M), and imported mostly from Kazakhstan (€202M), Iraq (€190M), Saudi Arabia (€169M), Brazil (€148M), and Mexico (€146M).
Growth In August 2022, the increase in Murcia's year-by-year exports was explained primarily by an increase in exports to France (€35.4M or 33.8%), Italy (€35M or 66.6%), and Croatia (€11.1M or 1.45k%), and product exports increase in Pig Meat (€13.4M or 84.1%), Fish Fillets (€6.03M or 263%), and Scrap Iron (€6.02M or 17.4k%). In August 2022, the increase in Murcia's year-by-year imports was explained primarily by an increase in imports from Italy (€45M or 141%), Russia (€20.7M or 48.1%), and Romania (€8.91M or 1.33k%), and product imports increase in Soybeans (€23.1M or 103%), Computers (€4.3M or 173%), and Other Cloth Articles (€2.46M or 992%).
EXPORT GROWTH (August 2021 - August 2022): €329M, (36.3%)
IMPORT GROWTH (August 2021 - August 2022): €528M, (49.4%)
This section shows exports and imports data at subnational level for Murcia. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Murcia over time.
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Top Destination (2021): France, €1.65B
Top Product (2021): Light petroleum distillates nes, €1.48B
In 2021 the top export destinations of Murcia were France (€1.65B), Germany (€1.27B), Italy (€1.17B), United Kingdom (€911M), and Netherlands (€875M).
In 2021 the top exports of Murcia were Light petroleum distillates nes (€1.48B), Petroleum spirit for motor vehicles (€871M), Polycarbonates (€596M), Fruit, edible: lemons (Citrus limon, Citrus... (€456M), and Cauliflowers and headed broccoli, fresh or... (€345M).
Top Origin (2021): Mexico, €1.5B
Top Import (2021): Petroleum oils, oils from bituminous minerals,..., €5.11B
In 2021 the top import origins of Murcia were Mexico (€1.5B), Russia (€1.07B), Saudi Arabia (€1.02B), China (€923M), and Italy (€793M).
In 2021 the top imports of Murcia were Petroleum oils, oils from bituminous minerals,... (€5.11B), Light petroleum distillates nes (€631M), Soya beans: other than seed, whether... (€425M), Maize except seed corn (€180M), and Processed animal, vegetable oils, industrial preps... (€115M).
Fastest Growing Import Origins (Aug 2021 - Aug 2022)
Economic Complexity (2021): -0.49
Murcia ranks 44th 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.
The economic complexity of a territory can change year to year. Murcia it is in position 44th considering its ECI in the last year.
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 (0.23), Other Oily Seeds (0.22), Cement (0.22), Wheat Flours (0.22), and Crude Petroleum (0.21).
The most specialized products according to the RCA index are led by Lettuce (293.5), Cabbages (189.7), Melons (100.5), Pepper (78.2), and Sheep and Goats (66.4).
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.
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. Bubble size corresponds to exports value by year 2020.
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