Orense

Province in Galicia, Autonomous Community in Spain

2019
Economic
Complexity
: -0.26, Rank 28 of 49

Jan 2021
Trade
Exports | Imports
: €63.7M | €40.7M, 41 of 53 | 44 of 53

Jan 2021
Country
Destination | Origin
: France | Portugal , €14.6M  | €7.84M

Jan 2021
Product
Exports | Imports
: Slate | Seed Oils , €13.6M  | €6.47M

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

Exports: In 2020, Spain's Orense exported €769M, making it the 41st largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Orense were Worked slate, articles of slate or... (€188M), Transmission shafts and cranks, cam and... (€61.9M), Swine, live except pure-bred breeding >... (€23.7M), Parts and accessories of bodies nes... (€21.7M), and Medium density fibreboard (MDF), of a... (€17.4M).

Imports: In 2020, Spain's Orense imported €482M, making it the 44th largest importer out of the 52 importers in Spain. In 2020 top imports of Orense were Sunflower-seed or safflower oil, crude (€68.3M), Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude (€19.2M), Iron or non-alloy steel: (not in... (€8.43M), Furniture, wooden, nes (€7.98M), and Bar/rod nes, alloy steel nes, nfw... (€7.97M).

Economic Complexity: In 2019, the highest complexity exports of Orense according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Forging Machines (1.7), Transmissions (1.59), Interchangeable Tool Parts (1.56), and Polyamides (1.55). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between Orense's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Spain's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): Portugal, €175M

Top Product (2020): Worked slate, articles of slate or..., €188M

In 2020 the top export destinations of Orense were Portugal (€175M), France (€158M), United Kingdom (€104M), Germany (€68.2M), and Mexico (€28.2M).

In 2020 the top exports of Orense were Worked slate, articles of slate or... (€188M), Transmission shafts and cranks, cam and... (€61.9M), Swine, live except pure-bred breeding >... (€23.7M), Parts and accessories of bodies nes... (€21.7M), and Medium density fibreboard (MDF), of a... (€17.4M).

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Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): Portugal, €93.6M

Top Import (2020): Sunflower-seed or safflower oil, crude, €68.3M

In 2020 the top import origins of Orense were Portugal (€93.6M), China (€63.6M), Italy (€54.7M), France (€47.1M), and Ukraine (€45.1M).

In 2020 the top imports of Orense were Sunflower-seed or safflower oil, crude (€68.3M), Bar/rod, alloy steel nes,nfw hot rolled/drawn/extrude (€19.2M), Iron or non-alloy steel: (not in... (€8.43M), Furniture, wooden, nes (€7.98M), and Bar/rod nes, alloy steel nes, nfw... (€7.97M).

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Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of Spain

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Orense ranks 28th 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 28th 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 Non-Knit Active Wear (0.17), Knit Men's Undergarments (0.17), Knit Men's Suits (0.16), Knit Women's Coats (0.16), and Knit Women's Undergarments (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 (2.32), Forging Machines (1.7), Transmissions (1.59), Interchangeable Tool Parts (1.56), and Polyamides (1.55). 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 (136), Olive Oil (52.2), Pure Olive Oil (44.4), and Scrap Plastic (37.7).

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 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.