Orense

Province in Galicia, Autonomous Community in Spain

Exports (2019): €874M, Rnk 40/52

Top Destination (2019): €182M, Portugal

Top Export (2019): €184M, Worked slate, articles of slate or...

Imports (2019): €591M, Rnk 42/52

Top Origin (2019): €111M, Portugal

Top Import (2019): €61.7M, Sunflower-seed or safflower oil, crude

Economic Complexity (2019): -0.24, Rnk 31 / 52

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

Exports: In 2019, Spain's Orense exported €874M, making it the 40th largest exporter out of the 52 exporters in Spain. In 2019 the top exports of Orense were Worked slate, articles of slate or... (€184M), Transmission shafts and cranks, cam and... (€85.1M), Swine, live except pure-bred breeding >... (€26.3M), Handbags with outer surface of leather (€24.9M), and Parts and accessories of bodies nes... (€24.2M).

Imports: In 2019, Spain's Orense imported €591M, making it the 42nd largest importer out of the 52 importers in Spain. In 2019 top imports of Orense were Sunflower-seed or safflower oil, crude (€61.7M), Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude (€30.7M), Bar/rod nes, alloy steel nes, nfw... (€15.4M), Handbags with outer surface of leather (€10.2M), and Furniture, wooden, nes (€9.72M).

Economic Complexity: In 2019, the highest complexity exports of Orense according to the product complexity index (PCI) are Metalworking Transfer Machines (2.43), Polyamides (1.65), Flat-Rolled Stainless Steel (1.61), Cutting Blades (1.51), and Transmissions (1.49). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
Depth

Top Destination (2019): Portugal, €182M

Top Product (2019): Worked slate, articles of slate or..., €184M

In 2019 the top export destinations of Orense were Portugal (€182M), France (€167M), United Kingdom (€114M), Germany (€76.7M), and Belgium (€38M).

In 2019 the top exports of Orense were Worked slate, articles of slate or... (€184M), Transmission shafts and cranks, cam and... (€85.1M), Swine, live except pure-bred breeding >... (€26.3M), Handbags with outer surface of leather (€24.9M), and Parts and accessories of bodies nes... (€24.2M).

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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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Value
Depth

Top Origin (2019): Portugal, €111M

Top Import (2019): Sunflower-seed or safflower oil, crude, €61.7M

In 2019 the top import origins of Orense were Portugal (€111M), Italy (€98.3M), China (€86.4M), Ukraine (€47.8M), and France (€45M).

In 2019 the top imports of Orense were Sunflower-seed or safflower oil, crude (€61.7M), Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude (€30.7M), Bar/rod nes, alloy steel nes, nfw... (€15.4M), Handbags with outer surface of leather (€10.2M), and Furniture, wooden, nes (€9.72M).

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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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Flow
Value

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

This section shows forecasts for total exports and imports from Orense. 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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Orense ranks 31st 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. Orense it is in position 31st 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 Orense already has a comparative advantage, are led by Knit Men's Undergarments (0.17), Knit Men's Coats (0.17), Knit Women's Coats (0.17), Knit Men's Suits (0.16), and Non-Knit Active Wear (0.16).

Most Complex Products by PCI

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The highest complexity exports of Orense according to the product complexity index (PCI) are Metalworking Transfer Machines (2.43), Polyamides (1.65), Flat-Rolled Stainless Steel (1.61), Cutting Blades (1.51), and Transmissions (1.49). 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 Slate (N/A), Pigs (130), Pure Olive Oil (40.4), Wood Crates (38.4), and Seed Oils (35.1).

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