MurciaProvince in Region of Murcia, Autonomous Community in Spain
2020 Economic Complexity : -0.51, Rank 44 of 48
May 2021 Trade Exports | Imports: €1.05B | €849M, 5 of 53 | 8 of 53
May 2021 Country Destination | Origin: France | Mexico , €158M | €97M
May 2021 Product Exports | Imports: Petroleum spirit for motor vehicles | Petroleum oils, oils from bituminous minerals, crude , €104M | €423M
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 2020, the highest complexity exports of Murcia according to the product complexity index (PCI) are Polyacetals (0.87), Pig Meat (0.81), Animal Fat (0.53), Sausages (0.21), and Metal Stoppers (0.19). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
May, 2021
Overview In May 2021 Murcia exported €1.05B and imported €849M, resulting in a positive trade balance of €204M. Between May 2020 and May 2021 the exports of Murcia have increased by $240M (29.5%) from €813M to €1.05B, while imports increased by €389M (84.7%) from €459M to €849M.
Trade In May 2021, the top exports of Murcia were Refined Petroleum (€147M), Pitted Fruits (€88.4M), Polyacetals (€53.9M), Citrus (€49.6M), and Other Vegetables (€44.3M). In May 2021 the top imports of Murcia were Crude Petroleum (€423M), Refined Petroleum (€29.9M), Soybeans (€29.3M), Seed Oils (€18.8M), and Corn (€16.2M).
Destinations In May 2021, Murcia exported mostly to France (€158M), Italy (€130M), Germany (€120M), United Kingdom (€83.9M), and China (€55.3M), and imported mostly from Mexico (€97M), Saudi Arabia (€96.6M), Russia (€85.6M), China (€62M), and Iraq (€55.2M).
Growth In May 2021, the increase in Murcia's year-by-year exports was explained primarily by an increase in exports to Italy (€72.7M or 126%), South Korea (€41.7M or 574%), and France (€37.3M or 30.9%), and product exports increase in Refined Petroleum (€74.3M or 103%), Crude Petroleum (€27.9M or 275%), and Commodities not elsewhere specified (€24.9M or 452%). In May 2021, the increase in Murcia's year-by-year imports was explained primarily by an increase in imports from Saudi Arabia (€75.4M or 356%), Russia (€72.7M or 566%), and Mexico (€66.5M or 218%), and product imports increase in Crude Petroleum (€289M or 216%), Seed Oils (€15M or 398%), and Refined Petroleum (€11.3M or 61%).
EXPORT GROWTH (May 2020 - May 2021): €240M, (29.5%)
IMPORT GROWTH (May 2020 - May 2021): €389M, (84.7%)
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 (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).
Fastest Growing Exports Destination (May 2020 - May 2021)
Rapidly Declining Export Origins (May 2020 - May 2021)
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).
Economic Complexity (2020): -0.51
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 (0.22), Other Oily Seeds (0.21), Locust beans, seaweed, sugar beet, cane,... (0.21), Cement (0.21), and Wheat Flours (0.2).
The highest complexity exports of Murcia according to the product complexity index (PCI) are Polyacetals (0.87), Pig Meat (0.81), Animal Fat (0.53), Sausages (0.21), and Metal Stoppers (0.19). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
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.