Palencia

Province in Castile and LeΓ³n, Autonomous Community in Spain

2019
Economic
Complexity
: -0.2, Rank 24 of 49

Jan 2021
Trade
Exports | Imports
: €46.3M | €59.7M, 44 of 53 | 36 of 53

Jan 2021
Country
Destination | Origin
: Portugal | Germany , €11.9M  | €10.8M

Jan 2021
Product
Exports | Imports
: Baked Goods | Vehicle Parts , €13.7M  | €18.8M

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

Exports: In 2020, Spain's Palencia exported €1.93B, making it the 27th largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Palencia were Small Diesel Engine Cars (€560M), Small Sized Cars (€446M), Medium Diesel Engine Cars (€257M), Extracts, essences and concentrates: of coffee,... (€136M), and Communion wafers, rice paper, bakers wares... (€107M).

Imports: In 2020, Spain's Palencia imported €638M, making it the 41st largest importer out of the 52 importers in Spain. In 2020 top imports of Palencia were Motor vehicle parts nes (€195M), Ignition/other wiring sets for vehicles/aircraft/ship (€51.5M), Coffee, not roasted, not decaffeinated (€28.3M), Molluscs; octopus (Octopus spp.), frozen (€27.2M), and Coffee, not roasted, decaffeinated (€19.5M).

Economic Complexity: In 2019, the highest complexity exports of Palencia according to the product complexity index (PCI) are Rolling Machines (1.46), Cars (0.98), Trailers (0.83), Aluminium Pipe Fittings (0.79), and Waxes (0.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

#permalink to section
Flow
Value

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

Visit Country Profile

Yearly Exports

#permalink to section
Value
Depth

Top Destination (2020): France, €701M

Top Product (2020): Small Diesel Engine Cars, €560M

In 2020 the top export destinations of Palencia were France (€701M), Belgium (€292M), United Kingdom (€187M), Portugal (€161M), and Italy (€108M).

In 2020 the top exports of Palencia were Small Diesel Engine Cars (€560M), Small Sized Cars (€446M), Medium Diesel Engine Cars (€257M), Extracts, essences and concentrates: of coffee,... (€136M), and Communion wafers, rice paper, bakers wares... (€107M).

Explore Visualizations

Exports Dynamics

#permalink to section

Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

#permalink to section
Value
Depth

Top Origin (2020): Germany, €149M

Top Import (2020): Motor vehicle parts nes, €195M

In 2020 the top import origins of Palencia were Germany (€149M), France (€83.6M), Morocco (€68.2M), Hungary (€44.7M), and Italy (€42.1M).

In 2020 the top imports of Palencia were Motor vehicle parts nes (€195M), Ignition/other wiring sets for vehicles/aircraft/ship (€51.5M), Coffee, not roasted, not decaffeinated (€28.3M), Molluscs; octopus (Octopus spp.), frozen (€27.2M), and Coffee, not roasted, decaffeinated (€19.5M).

Explore Visualizations

Imports Dynamics

#permalink to section

Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

#permalink to section

Economic Complexity of Spain

#permalink to section

Palencia ranks 24th out of the 52 provinces in Spain according to ECI.

Estimated using exports data.

Discover Economic Complexity

Economic Complexity Ranking

#permalink to section
Scale

The economic complexity of a territory can change year to year. Palencia it is in position 24th considering its ECI in the last year.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

The top export opportunities according to the relatedness level, without considering those products were Palencia already has a comparative advantage, are led by Salt (0.038), Other Prepared Meat (0.038), Confectionery Sugar (0.037), Other Edible Preparations (0.036), and Insulating Glass (0.036).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Palencia according to the product complexity index (PCI) are Rolling Machines (1.46), Cars (0.98), Trailers (0.83), Aluminium Pipe Fittings (0.79), and Waxes (0.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Coffee and Tea Extracts (90.2), Baked Goods (25.8), Cars (19), Rolling Machines (16.5), and Explosive Ammunition (16.1).

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 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.

Relatedness Space

#permalink to section

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

Diversification Frontier

#permalink to section
Depth
Filter

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.