Navarra | The Observatory of Economic Complexity

Navarra

Province in Chartered Community of Navarre, Autonomous Community in Spain

2023
Economic
Complexity 0.075Rank 8 of 49

Jan 2024
Trade
Exports | Imports €864M | €537M12 of 53 | 15 of 53

Jan 2024
Country
Destination | Origin France | Germany €167M | €142M

Image 1

Image by Mario Sánchez Prada
Link: https://flic.kr/p/oWe9aR

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Navarra. In January 2024 Navarra was the number 11 in total exports and the number 14 in total imports in Spain.

Exports In 2023, Spain's Navarra exported €10.7B, making it the 11th largest exporter out of the 52 exporters in Spain. In 2023 the top exports of Navarra were Micro Cars (€1.94B), Other Motor vehicle parts (€476M), Parts for electric motors and generators (€333M), Small Sized Cars (€326M), and Vehicle parts: Brakes, servo-brake and parts (€306M).

Imports In 2023, Spain's Navarra imported €7.28B, making it the 14th largest importer out of the 52 importers in Spain. In 2023 top imports of Navarra were Others parts and accessories of bodies... (€369M), Engines, spark-ignition reciprocating, over 1000 cc (€302M), Supported catalysts, except nickel or precious... (€275M), Transmissions for motor vehicles (€220M), and Engines, spark-ignition reciprocating, 250-1000 cc (€203M).

Economic Complexity In 2023, the highest complexity exports of Navarra according to the product complexity index (PCI) are Fork-Lifts (1.63), Stone Working Machines (1.15), Industrial Furnaces (0.97), Other Agricultural Machinery (0.93), Electric Locomotives (0.9), Vending Machines (0.87), Electric Motor Parts (0.85), Carbon-based Electronics (0.68), Rock Wool (0.63), and Other Engines (0.63). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2024

About

Overview In January 2024 Navarra exported €864M and imported €537M, resulting in a positive trade balance of €327M. Between January 2023 and January 2024 the exports of Navarra have increased by $96.4M (12.6%) from €768M to €864M, while imports decreased by €-44M (-7.57%) from €581M to €537M.

Trade In January 2024, the top exports of Navarra were Cars (€244M), Motor vehicles; parts and accessories (8701... (€118M), Frozen Vegetables (€44.7M), Electric Motor Parts (€19.6M), and Industrial Furnaces (€15.9M). In January 2024 the top imports of Navarra were Motor vehicles; parts and accessories (8701... (€101M), Spark-Ignition Engines (€44.9M), Insulated Wire (€20.6M), Reaction and Catalytic Products (€19.1M), and Electrical Transformers (€10.9M).

Destinations In January 2024, Navarra exported mostly to France (€167M), Germany (€134M), Italy (€96M), Portugal (€56M), and United Kingdom (€36M), and imported mostly from Germany (€142M), France (€57.6M), Czechia (€38.5M), China (€35.7M), and Italy (€30.8M).

Growth In January 2024, the increase in Navarra's year-by-year exports was explained primarily by an increase in exports to France (€31.2M or 21.4%), Morocco (€11.4M or 63.9%), and United States (€11.4M or 54.6%), and product exports increase in Iron Structures (€18.6M or 185%), Motor vehicles; parts and accessories (8701... (€17.3M or 17.4%), and Transmissions (€11.4M or 227%). In January 2024, the decrease in Navarra's year-by-year imports was explained primarily by an decrease in imports from Portugal (€-12.7M or -37.5%), Russia (€-10M or -85.7%), and Germany (€-8.93M or -6.89%), and product imports decrease in Other Engines (€-11.1M or -93.3%), Transmissions (€-7.66M or -69.5%), and Hot-Rolled Iron (€-7.06M or -62.4%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (January 2023 - January 2024)€96.4M(12.6%)

IMPORT GROWTH (January 2023 - January 2024)€-44M(-7.57%)

This section shows exports and imports data at subnational level for Navarra. 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 Navarra over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)France€2.06B

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Italy €43.7M (83.6%)

Germany €28.8M (27.3%)

Chile €14.3M (731%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Morocco -€22.6M (-77.3%)

France -€9.97M (-5.64%)

Netherlands -€7.75M (-25%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Germany€1.57B

Top Import (2023)Others parts and accessories of bodies...€369M

In 2023 the top import origins of Navarra were Germany (€1.57B), France (€829M), Czechia (€593M), China (€558M), and Italy (€461M).

In 2023 the top imports of Navarra were Others parts and accessories of bodies... (€369M), Engines, spark-ignition reciprocating, over 1000 cc (€302M), Supported catalysts, except nickel or precious... (€275M), Transmissions for motor vehicles (€220M), and Engines, spark-ignition reciprocating, 250-1000 cc (€203M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Germany €21.1M (17.5%)

Poland €6.4M (30.7%)

Portugal €5.01M (23.6%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Czechia -€19.9M (-34.1%)

France -€17.7M (-23.6%)

Netherlands -€7.35M (-28.2%)

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Economic Complexity

Economic Complexity of Navarra

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Geomap

Treemap

Economic Complexity (2023)0.075

Navarra 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.

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Economic Complexity Ranking

Value

Ranking

Value

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

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Navarra already has a comparative advantage, are led by Wood Crates (0.24), Large Iron Containers (0.24), Other Prepared Meat (0.24), Particle Board (0.24), and Wood Carpentry (0.24).

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Most Complex Products by PCI

The highest complexity exports of Navarra according to the product complexity index (PCI) are Fork-Lifts (1.63), Stone Working Machines (1.15), Industrial Furnaces (0.97), Other Agricultural Machinery (0.93), Electric Locomotives (0.9), Vending Machines (0.87), Electric Motor Parts (0.85), Carbon-based Electronics (0.68), Rock Wool (0.63), and Other Engines (0.63). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Frozen Vegetables (106.91), Vending Machines (85.03), Processed Egg Products (77.59), Magnesium Carbonate (62.27), and Electric Locomotives (45.62).

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Product Space

RCA Filter

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 Navarra 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.

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Relatedness Space

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

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Diversification Frontier

Depth

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

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.