Region Of Murcia

Exports (2019): €10.6B, Rnk 9/18

Top Destination (2019): €1.39B, France

Top Export (2019): €1.32B, Light petroleum distillates nes

Imports (2019): €11.1B, Rnk 9/18

Top Origin (2019): €1.77B, Saudi Arabia

Top Import (2019): €6.04B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): -0.48, Rnk 17 / 18

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

Exports: In 2019, undefined's Region Of Murcia exported €10.6B, making it the 9th largest exporter out of the 18 exporters in undefined. In 2019 the top exports of Region Of Murcia were Light petroleum distillates nes (€1.32B), Petroleum spirit for motor vehicles (€747M), Polycarbonates, in primary forms (€547M), Fruit, edible: lemons (Citrus limon, Citrus... (€418M), and Naphthalene (€329M).

Imports: In 2019, undefined's Region Of Murcia imported €11.1B, making it the 9th largest importer out of the 18 importers in undefined. In 2019 top imports of Region Of Murcia were Petroleum oils, oils from bituminous minerals,... (€6.04B), Light petroleum distillates nes (€396M), Natural gas, liquefied (€342M), Soya beans: other than seed, whether... (€279M), and Maize except seed corn (€143M).

Economic Complexity: In 2019, the highest complexity exports of Region Of Murcia according to the product complexity index (PCI) are Petroleum Resins (1.16), Polyacetals (1), Pig Meat (0.78), Electric Generating Sets (0.75), and Cyclic Alcohols (0.72). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value

Top Destination (2019): France, €1.39B

Top Product (2019): Light petroleum distillates nes, €1.32B

In 2019 the top export destinations of Region Of Murcia were France (€1.39B), Italy (€1.15B), Germany (€1B), United Kingdom (€848M), and Netherlands (€671M).

In 2019 the top exports of Region Of Murcia were Light petroleum distillates nes (€1.32B), Petroleum spirit for motor vehicles (€747M), Polycarbonates, in primary forms (€547M), Fruit, edible: lemons (Citrus limon, Citrus... (€418M), and Naphthalene (€329M).

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Yearly Imports

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Value

Top Origin (2019): Saudi Arabia, €1.77B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., €6.04B

In 2019 the top import origins of Region Of Murcia were Saudi Arabia (€1.77B), Mexico (€1.54B), Iraq (€747M), Brazil (€605M), and China (€561M).

In 2019 the top imports of Region Of Murcia were Petroleum oils, oils from bituminous minerals,... (€6.04B), Light petroleum distillates nes (€396M), Natural gas, liquefied (€342M), Soya beans: other than seed, whether... (€279M), and Maize except seed corn (€143M).

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Imports Dynamics

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Fastest Growing Import Origins (N/A - N/A)

Rapidly Declining Import Origins (N/A - N/A)

Comparison in Time

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Flow
Value

This section shows differences between total trade from Region of Murcia throughout time.

This section shows forecasts for total exports and imports from Region of Murcia. 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 N/A

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Region Of Murcia ranks 17th out of the 18 N/A in undefined 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. Region Of Murcia it is in position 17th 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 Region Of Murcia already has a comparative advantage, are led by Tropical Fruits (0.22), Raw Cotton (0.2), Salt (0.2), Cement (0.2), and Other Oily Seeds (0.2).

Most Complex Products by PCI

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The highest complexity exports of Region Of Murcia according to the product complexity index (PCI) are Petroleum Resins (1.16), Polyacetals (1), Pig Meat (0.78), Electric Generating Sets (0.75), and Cyclic Alcohols (0.72). 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 Lettuce (294), Cabbages (198), Melons (112), Sheep and Goats (82.8), and Pepper (59.7).

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 Region Of Murcia 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  Region Of Murcia. These are products that tend to be co-exported with the products that Region Of Murcia 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.