Region of MurciaAutonomous Community in Spain
2020 Economic Complexity : -0.52, Rank 17 of 18
Dec 2022 Trade Exports | Imports: €1.23B | €1.35B, 9 of 19 | 8 of 19
Dec 2022 Country Destination | Origin: France | Mexico , €139M | €175M
Dec 2022 Product Exports | Imports: Light petroleum distillates nes | Petroleum oils, oils from bituminous minerals, crude , €155M | €608M
Overview This page contains the latest international trade data for Region of Murcia. In December 2022 Region of Murcia was the number 9 in total exports and the number 7 in total imports in Spain.
Exports In 2022, Spain's Region Of Murcia exported €14.3B, making it the 9th largest exporter out of the 18 exporters in Spain. In 2022 the top exports of Region Of Murcia were Light petroleum distillates nes (€2.01B), Petroleum spirit for motor vehicles (€1.08B), Polycarbonates (€613M), Petroleum oils, oils from bituminous minerals,... (€486M), and Fruit, edible: lemons (Citrus limon, Citrus... (€479M).
Imports In 2022, Spain's Region Of Murcia imported €18.7B, making it the 7th largest importer out of the 18 importers in Spain. In 2022 top imports of Region Of Murcia were Petroleum oils, oils from bituminous minerals,... (€10.7B), Light petroleum distillates nes (€688M), Maize except seed corn (€585M), Soya beans: other than seed, whether... (€530M), and Natural gas, liquefied (€405M).
Economic Complexity In 2020, the highest complexity exports of Region Of Murcia according to the product complexity index (PCI) are Metal Stoppers (0.14), Vermouth (-0.33), Lettuce (-0.86), Citrus (-0.97), and Cabbages (-1.05). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
December, 2022
Overview In December 2022 Region of Murcia exported €1.23B and imported €1.35B, resulting in a negative trade balance of €118M. Between December 2021 and December 2022 the exports of Region of Murcia have increased by $158M (14.7%) from €1.07B to €1.23B, while imports increased by €189M (16.4%) from €1.16B to €1.35B.
Trade In December 2022, the top exports of Region of Murcia were Refined Petroleum (€249M), Crude Petroleum (€92.3M), Lettuce (€75M), Citrus (€72.7M), and Cabbages (€60.8M). In December 2022 the top imports of Region of Murcia were Crude Petroleum (€608M), Petroleum Gas (€140M), Corn (€46.7M), Refined Petroleum (€44.4M), and Soybeans (€29.5M).
Destinations In December 2022, Region of Murcia exported mostly to France (€139M), Netherlands (€126M), Italy (€121M), Germany (€112M), and Morocco (€91.4M), and imported mostly from Mexico (€175M), Russia (€143M), Canada (€115M), Angola (€80.3M), and China (€76.1M).
Growth In December 2022, the increase in Region of Murcia's year-by-year exports was explained primarily by an increase in exports to Morocco (€49.1M or 122%), Italy (€35.6M or 40.6%), and France (€33.5M or 23.9%), and product exports increase in Refined Petroleum (€82.2M or 53.4%), Polyacetals (€31.5M or 72.9%), and Fish Fillets (€15.1M or 181%). In December 2022, the increase in Region of Murcia's year-by-year imports was explained primarily by an increase in imports from Mexico (€130M or 199%), United Kingdom (€116M or 3.42k%), and Colombia (€57.5M or 14.7k%), and product imports increase in Crude Petroleum (€308M or 86.5%), Petroleum Gas (€127M or 6.96k%), and Corn (€30.1M or 331%).
EXPORT GROWTH (December 2021 - December 2022): €158M, (14.7%)
IMPORT GROWTH (December 2021 - December 2022): €189M, (16.4%)
This section shows exports and imports data at subnational level for Region of Murcia. 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 Region of Murcia over time.
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Top Destination (2022): France, €2.23B
Top Product (2022): Light petroleum distillates nes, €2.01B
In 2022 the top export destinations of Region Of Murcia were France (€2.23B), Germany (€1.36B), Netherlands (€1.32B), Morocco (€1.02B), and Italy (€905M).
In 2022 the top exports of Region Of Murcia were Light petroleum distillates nes (€2.01B), Petroleum spirit for motor vehicles (€1.08B), Polycarbonates (€613M), Petroleum oils, oils from bituminous minerals,... (€486M), and Fruit, edible: lemons (Citrus limon, Citrus... (€479M).
Fastest Growing Exports Destination (Dec 2021 - Dec 2022)
Rapidly Declining Export Origins (Dec 2021 - Dec 2022)
Top Origin (2022): Saudi Arabia, €1.82B
Top Import (2022): Petroleum oils, oils from bituminous minerals,..., €10.7B
In 2022 the top import origins of Region Of Murcia were Saudi Arabia (€1.82B), Mexico (€1.71B), Iraq (€1.49B), Brazil (€1.46B), and China (€1.11B).
In 2022 the top imports of Region Of Murcia were Petroleum oils, oils from bituminous minerals,... (€10.7B), Light petroleum distillates nes (€688M), Maize except seed corn (€585M), Soya beans: other than seed, whether... (€530M), and Natural gas, liquefied (€405M).
Economic Complexity (2022): -0.52
Region Of Murcia ranks 17th out of the 18 autonomous communities in Spain according to ECI.
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
Estimated using exports data.
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.
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 (0.23), Crude Petroleum (0.23), Other Oily Seeds (0.23), Salt (0.22), and Cement (0.22).
The highest complexity exports of Region Of Murcia according to the product complexity index (PCI) are Metal Stoppers (0.14), Vermouth (-0.33), Lettuce (-0.86), Citrus (-0.97), and Cabbages (-1.05). 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 Lettuce (246.7), Cabbages (163.8), Sheep and Goats (87.2), Pepper (79.7), and Melons (74.3).
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.
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. Bubble size corresponds to exports value by year 2020.
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