Principality Of Asturias
Autonomous Community in Spain
Overview: This page contains the latest international trade data for Principality of Asturias, including export and import data.
Exports: In 2020, Spain's Principality Of Asturias exported €3.91B, making it the 12th largest exporter out of the 18 exporters in Spain. In 2020 the top exports of Principality Of Asturias were Zinc, not alloyed, unwrought, >99% pure (€561M), Zinc alloys unwrought (€199M), Structures and parts of structures, iron... (€197M), Flat rolled iron or non-alloy steel,... (€159M), and Chem wood pulp, soda/sulphate, non-conifer, bleached (€146M).
Imports: In 2020, Spain's Principality Of Asturias imported €3.08B, making it the 12th largest importer out of the 18 importers in Spain. In 2020 top imports of Principality Of Asturias were Zinc ores and concentrates (€526M), Coke, semi-coke of coal, lignite, peat... (€204M), Iron ore, concentrate, not iron pyrites,unagglomerate (€193M), Iron ore, concentrate, not iron pyrites,... (€137M), and Bituminous coal, not agglomerated (€109M).
Economic Complexity: In 2019, the highest complexity exports of Principality Of Asturias according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Glass Working Machines (1.64), Mirrors and Lenses (1.56), Other Organo-Inorganic Compounds (1.56), and Flat Flat-Rolled Steel (1.47). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Latest Trends (January, 2021)
#permalink to sectionOverview: In January 2021 Principality of Asturias exported €305M and imported €318M, resulting in a negative trade balance of €12.9M. Between January 2020 and January 2021 the exports of Principality of Asturias have decreased by $-21.9M (-6.7%) from €327M to €305M, while imports increased by €24.8M (8.47%) from €293M to €318M.
Trade: In January 2021, the top exports of Principality of Asturias were Raw Zinc (€58.5M), Coated Flat-Rolled Iron (€22.9M), Sulfate Chemical Woodpulp (€19.4M), Commodities not elsewhere specified (€13.3M), and Iron Structures (€13.1M). In January 2021 the top imports of Principality of Asturias were Zinc Ore (€58.3M), Iron Ore (€49.6M), Coal Briquettes (€36.3M), Coke (€31.2M), and Semi-Finished Iron (€11.5M).
Destinations: In January 2021, Principality of Asturias exported mostly to France (€48M), Italy (€39.5M), Germany (€31.7M), Portugal (€21M), and Netherlands (€17M), and imported mostly from Poland (€35.1M), Germany (€29.6M), Australia (€26.8M), Peru (€25.2M), and Brazil (€23M).
Growth: In January 2021, the decrease in Principality of Asturias's year-by-year exports was explained primarily by an decrease in exports to Belgium (€-8.95M or -46.8%), Ukraine (€-6.15M or -99.2%), and Italy (€-5.89M or -13%), and product exports decrease in Raw Zinc (€-27.3M or -31.8%), Hot-Rolled Iron (€-6.42M or -46.5%), and Industrial Furnaces (€-6.17M or -96.8%). In January 2021, the increase in Principality of Asturias's year-by-year imports was explained primarily by an increase in imports from N/A, and product imports increase in Iron Ore (€37.9M or 325%), Zinc Ore (€9.08M or 18.5%), and Iron Structures (€1.82M or 62.5%).
Monthly Trade
#permalink to sectionEXPORT GROWTH (January 2020 - January 2021): €-21.9M, (-6.7%)
IMPORT GROWTH (January 2020 - January 2021): €24.8M, (8.47%)
This section shows exports and imports data at subnational level for Principality of Asturias. 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 Principality of Asturias over time.
Comparison in Time
#permalink to sectionThis section shows the differences between Principality of Asturias's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Spain's country profile.
Yearly Exports
#permalink to sectionTop Destination (2020): France, €469M
Top Product (2020): Zinc, not alloyed, unwrought, >99% pure, €561M
In 2020 the top export destinations of Principality Of Asturias were France (€469M), Italy (€390M), Germany (€325M), Portugal (€236M), and Turkey (€232M).
In 2020 the top exports of Principality Of Asturias were Zinc, not alloyed, unwrought, >99% pure (€561M), Zinc alloys unwrought (€199M), Structures and parts of structures, iron... (€197M), Flat rolled iron or non-alloy steel,... (€159M), and Chem wood pulp, soda/sulphate, non-conifer, bleached (€146M).
Yearly Imports
#permalink to sectionTop Origin (2020): Germany, €360M
Top Import (2020): Zinc ores and concentrates, €526M
In 2020 the top import origins of Principality Of Asturias were Germany (€360M), Poland (€196M), China (€195M), France (€191M), and Peru (€180M).
In 2020 the top imports of Principality Of Asturias were Zinc ores and concentrates (€526M), Coke, semi-coke of coal, lignite, peat... (€204M), Iron ore, concentrate, not iron pyrites,unagglomerate (€193M), Iron ore, concentrate, not iron pyrites,... (€137M), and Bituminous coal, not agglomerated (€109M).
Imports Dynamics
#permalink to sectionLatest Data
#permalink to sectionEconomic Complexity
#permalink to sectionEconomic Complexity of Spain
#permalink to sectionPrincipality Of Asturias ranks 2nd out of the 18 autonomous communities in Spain according to ECI.
Estimated using exports data.
Economic Complexity Ranking
#permalink to sectionThe economic complexity of a territory can change year to year. Principality Of Asturias it is in position 2nd considering its ECI in the last year.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities according to the relatedness level, without considering those products were Principality Of Asturias already has a comparative advantage, are led by Other Steel Bars (0.14), Particle Board (0.14), Refrigerators (0.14), Soil Preparation Machinery (0.14), and Aluminium Structures (0.14).
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Principality Of Asturias according to the product complexity index (PCI) are Machinery Having Individual Functions (1.93), Glass Working Machines (1.64), Mirrors and Lenses (1.56), Other Organo-Inorganic Compounds (1.56), and Flat Flat-Rolled Steel (1.47). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Most Specialized Products by RCA Index
#permalink to sectionThe most specialized products according to the RCA index are led by Zinc Sheets (393), Raw Zinc (273), Iron Railway Products (125), Granulated Slag (120), and Binoculars and Telescopes (74.2).
Product Space
#permalink to sectionThe 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 Principality Of Asturias 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.
Diversification Frontier
#permalink to sectionThe 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.
