Salamanca | The Observatory of Economic Complexity

Salamanca

Province in Castile and León, Autonomous Community in Spain

2023
Economic
Complexity -0.24Rank 30 of 49

Jan 2024
Trade
Exports | Imports €70.1M | €92.3M42 of 53 | 40 of 53

Jan 2024
Country
Destination | Origin Portugal | United Kingdom €20.4M | €39.6M

Image 1

Image by Patrick Nouhailler
Link: https://flic.kr/p/25h2ocy

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Salamanca. In January 2024 Salamanca was the number 41 in total exports and the number 37 in total imports in Spain.

Exports In 2023, Spain's Salamanca exported €1.13B, making it the 41st largest exporter out of the 52 exporters in Spain. In 2023 the top exports of Salamanca were Fuel elements non-irradiated, for nuclear reactors (€297M), Veterinary vaccines and similar products (€120M), Pneumatic tyres new of rubber for... (€64.6M), Other Frozen Pork Cuts (€54.2M), and Ethyl alcohol and other spirits, denatured (€37.2M).

Imports In 2023, Spain's Salamanca imported €1.09B, making it the 37th largest importer out of the 52 importers in Spain. In 2023 top imports of Salamanca were Uranium (enriched U235), plutonium compounds, alloys (€487M), Veterinary vaccines and similar products (€74.2M), Pneumatic tyres new of rubber for... (€68.6M), Chem wood pulp, soda/sulphate, non-conifer, bleached (€34.4M), and Medicaments nes, in dosage (€32.8M).

Economic Complexity In 2023, the highest complexity exports of Salamanca according to the product complexity index (PCI) are Metal Molds (1.45), Vaccines, blood, antisera, toxins and cultures (1.45), Ball Bearings (1.31), Large Coated Flat-Rolled Iron (1), Liquid Dispersing Machines (0.9), Compounded Unvulcanised Rubber (0.9), Nuclear Reactors (0.78), Electrical Transformers (0.77), Other Glass Articles (0.68), and Pig Meat (0.66). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2024

About

Overview In January 2024 Salamanca exported €70.1M and imported €92.3M, resulting in a negative trade balance of €22.2M. Between January 2023 and January 2024 the exports of Salamanca have increased by $8.11M (13.1%) from €62M to €70.1M, while imports decreased by €-5.91M (-6.02%) from €98.2M to €92.3M.

Trade In January 2024, the top exports of Salamanca were Vaccines, blood, antisera, toxins and cultures (€16.2M), Rubber Tires (€7.02M), Pig Meat (€5.56M), Bovine Meat (€4.55M), and Alcohol > 80% ABV (€4.18M). In January 2024 the top imports of Salamanca were Radioactive Chemicals (€37.1M), Vaccines, blood, antisera, toxins and cultures (€9.45M), Rubber Tires (€7.74M), Packaged Medicaments (€3.81M), and Zirconium (€3.12M).

Destinations In January 2024, Salamanca exported mostly to Portugal (€20.4M), Netherlands (€15.3M), France (€8.66M), Germany (€6.05M), and Italy (€3.23M), and imported mostly from United Kingdom (€39.6M), Netherlands (€8.21M), France (€7.35M), Portugal (€6.38M), and China (€5.17M).

Growth In January 2024, the increase in Salamanca's year-by-year exports was explained primarily by an increase in exports to Portugal (€2.01M or 10.2%), Austria (€940k or 59.9%), and Italy (€657k or 27.8%), and product exports increase in Pig Meat (€2.24M or 69.7%), Rubber Tires (€1.39M or 26.9%), and Tungsten Ore (€1.29M or 141%). In January 2024, the decrease in Salamanca's year-by-year imports was explained primarily by an decrease in imports from United States (€-24.4M or -90%), China (€-1.66M or -32.3%), and Austria (€-1.59M or -34.8%), and product imports decrease in Vaccines, blood, antisera, toxins and cultures (€-2.94M or -27.8%), Coated Flat-Rolled Iron (€-1.7M or -92.5%), and Nitrogenous Fertilizers (€-1.43M or -61.4%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (January 2023 - January 2024)€8.11M(13.1%)

IMPORT GROWTH (January 2023 - January 2024)€-5.91M(-6.02%)

This section shows exports and imports data at subnational level for Salamanca. 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 Salamanca over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)Portugal€264M

Top Product (2023)Fuel elements non-irradiated, for nuclear reactors€297M

In 2023 the top export destinations of Salamanca were Portugal (€264M), France (€187M), Netherlands (€127M), Belgium (€95M), and Germany (€76.5M).

In 2023 the top exports of Salamanca were Fuel elements non-irradiated, for nuclear reactors (€297M), Veterinary vaccines and similar products (€120M), Pneumatic tyres new of rubber for... (€64.6M), Other Frozen Pork Cuts (€54.2M), and Ethyl alcohol and other spirits, denatured (€37.2M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Netherlands €4.54M (42.1%)

France €1.98M (29.7%)

Germany €1.63M (36.9%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Portugal -€1.28M (-5.89%)

Luxembourg -€344k (-84.5%)

Lithuania -€333k (-42.2%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)United Kingdom€499M

Top Import (2023)Uranium (enriched U235), plutonium compounds, alloys€487M

In 2023 the top import origins of Salamanca were United Kingdom (€499M), Netherlands (€96.4M), Portugal (€81.6M), United States (€69.7M), and France (€60.5M).

In 2023 the top imports of Salamanca were Uranium (enriched U235), plutonium compounds, alloys (€487M), Veterinary vaccines and similar products (€74.2M), Pneumatic tyres new of rubber for... (€68.6M), Chem wood pulp, soda/sulphate, non-conifer, bleached (€34.4M), and Medicaments nes, in dosage (€32.8M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

France €3.2M (77%)

Turkey €1.92M (614%)

China €1.71M (49.3%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

United Kingdom -€12.2M (-23.5%)

Netherlands -€1.21M (-12.9%)

Portugal -€1.14M (-15.2%)

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Economic Complexity

Economic Complexity of Salamanca

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Geomap

Treemap

Economic Complexity (2023)-0.24

Salamanca ranks 30th out of the 52 provinces 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.

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Economic Complexity Ranking

Value

Ranking

Value

The economic complexity of a territory can change year to year. Salamanca it is in position 30th considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Salamanca already has a comparative advantage, are led by Bovine (0.1), Other Oily Seeds (0.094), Sawn Wood (0.094), Bran (0.093), and Wheat (0.093).

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Most Complex Products by PCI

The highest complexity exports of Salamanca according to the product complexity index (PCI) are Metal Molds (1.45), Vaccines, blood, antisera, toxins and cultures (1.45), Ball Bearings (1.31), Large Coated Flat-Rolled Iron (1), Liquid Dispersing Machines (0.9), Compounded Unvulcanised Rubber (0.9), Nuclear Reactors (0.78), Electrical Transformers (0.77), Other Glass Articles (0.68), and Pig Meat (0.66). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Nuclear Reactors (1580.35), Animal Fat (330.83), Honey (160.95), Preserved Meat (131.55), and Pig and Poultry Fat (102.39).

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Product Space

RCA Filter

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 Salamanca 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.

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Relatedness Space

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

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Diversification Frontier

Depth

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

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.