PalenciaProvince in Castilla y León, Autonomous Community in Spain
Exports (2019): €3.27B, Rnk 22/52
Top Destination (2019): €1.01B, France
Top Export (2019): €1.31B, Small Sized Cars
Imports (2019): €715M, Rnk 38/52
Top Origin (2019): €152M, Germany
Top Import (2019): €225M, Motor vehicle parts nes
Economic Complexity (2019): -0.043, Rnk 13 / 52
Overview: This page contains the latest international trade data for Palencia, including export and import data.
Exports: In 2019, Spain's Palencia exported €3.27B, making it the 22nd largest exporter out of the 52 exporters in Spain. In 2019 the top exports of Palencia were Small Sized Cars (€1.31B), Medium Diesel Engine Cars (€616M), Small Diesel Engine Cars (€600M), Medium Sized Cars (€146M), and Extracts, essences and concentrates: of coffee,... (€131M).
Imports: In 2019, Spain's Palencia imported €715M, making it the 38th largest importer out of the 52 importers in Spain. In 2019 top imports of Palencia were Motor vehicle parts nes (€225M), Ignition/other wiring sets for vehicles/aircraft/ship (€81.5M), Coffee, not roasted, not decaffeinated (€30.6M), Molluscs; octopus (Octopus spp.), frozen (€30.1M), and Crustaceans: frozen, shrimps and prawns, excluding... (€20.6M).
Economic Complexity: In 2019, the highest complexity exports of Palencia according to the product complexity index (PCI) are Rolling Machines (1.93), Trailers (0.9), Cars (0.8), Waxes (0.65), and Aluminium Pipes (0.65). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Top Destination (2019): France, €1.01B
Top Product (2019): Small Sized Cars, €1.31B
In 2019 the top export destinations of Palencia were France (€1.01B), Belgium (€699M), Italy (€343M), United Kingdom (€276M), and Portugal (€216M).
In 2019 the top exports of Palencia were Small Sized Cars (€1.31B), Medium Diesel Engine Cars (€616M), Small Diesel Engine Cars (€600M), Medium Sized Cars (€146M), and Extracts, essences and concentrates: of coffee,... (€131M).
Top Origin (2019): Germany, €152M
Top Import (2019): Motor vehicle parts nes, €225M
In 2019 the top import origins of Palencia were Germany (€152M), Morocco (€98.3M), France (€93M), Hungary (€50.6M), and Italy (€47.5M).
In 2019 the top imports of Palencia were Motor vehicle parts nes (€225M), Ignition/other wiring sets for vehicles/aircraft/ship (€81.5M), Coffee, not roasted, not decaffeinated (€30.6M), Molluscs; octopus (Octopus spp.), frozen (€30.1M), and Crustaceans: frozen, shrimps and prawns, excluding... (€20.6M).
Fastest Growing Import Origins (June 2019 - June 2020)
This section shows differences between total trade from Palencia throughout time.
This section shows forecasts for total exports and imports from Palencia. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
Palencia ranks 13th out of the 52 provinces in Spain according to ECI.
Estimated using exports data.
The economic complexity of a territory can change year to year. Palencia it is in position 13th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Palencia already has a comparative advantage, are led by Confectionery Sugar (0.037), Salt (0.036), Insulating Glass (0.036), Other Prepared Meat (0.036), and Fruit Juice (0.035).
The highest complexity exports of Palencia according to the product complexity index (PCI) are Rolling Machines (1.93), Trailers (0.9), Cars (0.8), Waxes (0.65), and Aluminium Pipes (0.65). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Coffee and Tea Extracts (87.3), Baked Goods (25.8), Explosive Ammunition (20.1), Cars (18.2), and Rolling Machines (15.8).
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 Palencia 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.
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