Santa Cruz de Tenerife | The Observatory of Economic Complexity

Santa Cruz de Tenerife

Province in Canary Islands, Autonomous Community in Spain

2024
Economic
Complexity -0.29Rank 35 of 49

Dec 2024
Trade
Exports | Imports €48.6M | €154M45 of 53 | 31 of 53

Dec 2024
Country
Destination | Origin Rest of the world | Nigeria €34.6M | €27.6M

Image 1

Image by Jose Mesa
Link: https://flic.kr/p/51nqtG

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Santa Cruz de Tenerife. In December 2024 Santa Cruz de Tenerife was the number 46 in total exports and the number 31 in total imports in Spain.

Exports In 2024, Spain's Santa Cruz De Tenerife exported €1.28B, making it the 46th largest exporter out of the 52 exporters in Spain. In 2024 the top exports of Santa Cruz De Tenerife were Light petroleum distillates nes (€362M), Coal tar distillation products nes (€57.9M), Commodities not specified according to kind (€48M), Jewelry & Parts of Precious Metals... (€30.9M), and Cigarettes containing tobacco (€24.6M).

Imports In 2024, Spain's Santa Cruz De Tenerife imported €1.45B, making it the 31st largest importer out of the 52 importers in Spain. In 2024 top imports of Santa Cruz De Tenerife were Light petroleum distillates nes (€275M), Micro Cars (€129M), Coal tar distillation products nes (€83.1M), Small Sized Cars (€57M), and Diesel Trucks < 5 tonnes (€31.8M).

Economic Complexity In 2024, the highest complexity exports of Santa Cruz De Tenerife according to the product complexity index (PCI) are Corrugated Paper (N/A), Metalworking Machine Parts (1.5), Casting Machines (1.33), Other Paper Machinery (1.32), Compasses (1.14), Kaolin Coated Paper (0.85), Scales (0.76), Motor vehicle (8701 to 8705) chassis... (0.59), Eyewear (0.53), and Used Rubber Tires (0.4). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

December, 2024

About

Overview In December 2024 Santa Cruz de Tenerife exported €48.6M and imported €154M, resulting in a negative trade balance of €105M. Between December 2023 and December 2024 the exports of Santa Cruz de Tenerife have decreased by $-13.1M (-21.3%) from €61.7M to €48.6M, while imports increased by €53M (52.4%) from €101M to €154M.

Trade In December 2024, the top exports of Santa Cruz de Tenerife were Refined Petroleum (€20M), Coal Tar Oil (€9.58M), Rolled Tobacco (€3.74M), Prepared Cereals (€1.42M), and Processed Tobacco (€1.28M). In December 2024 the top imports of Santa Cruz de Tenerife were Refined Petroleum (€44.8M), Cars (€25.2M), Potatoes (€3.47M), Bovine Meat (€2.85M), and Cheese (€2.79M).

Destinations In December 2024, Santa Cruz de Tenerife exported mostly to Rest of the world (€34.6M), Sierra Leone (€3.62M), United Kingdom (€2.34M), Mauritania (€1M), and France (€977k), and imported mostly from Nigeria (€27.6M), Germany (€24.9M), United Kingdom (€21M), Italy (€9.81M), and Netherlands (€6.76M).

Growth In December 2024, the decrease in Santa Cruz de Tenerife's year-by-year exports was explained primarily by an decrease in exports to Rest of the world (€-4.56M or -11.7%), Chinese Taipei (€-2.73M or -98.5%), and Switzerland (€-2.46M or -89.4%), and product exports decrease in Refined Petroleum (€-6.17M or -23.6%), Motor vehicles; parts and accessories (8701... (€-2.77M or -98.9%), and Jewellery (€-2.57M or -99.7%). In December 2024, the increase in Santa Cruz de Tenerife's year-by-year imports was explained primarily by an increase in imports from United Kingdom (€15.2M or 264%), Germany (€7.12M or 40.2%), and Slovakia (€2.86M or 197%), and product imports increase in Refined Petroleum (€44.8M or 880k%), Cars (€8.9M or 54.6%), and Delivery Trucks (€1.9M or 244%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (December 2023 - December 2024)€-13.1M(-21.3%)

IMPORT GROWTH (December 2023 - December 2024)€53M(52.4%)

This section shows exports and imports data at subnational level for Santa Cruz de Tenerife. 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 Santa Cruz de Tenerife over time.

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2024)Rest of the world€503M

Top Product (2024)Light petroleum distillates nes€362M

In 2024 the top export destinations of Santa Cruz De Tenerife were Rest of the world (€503M), Sierra Leone (€37.8M), Switzerland (€32.6M), Mauritania (€27.9M), and United Kingdom (€23.7M).

In 2024 the top exports of Santa Cruz De Tenerife were Light petroleum distillates nes (€362M), Coal tar distillation products nes (€57.9M), Commodities not specified according to kind (€48M), Jewelry & Parts of Precious Metals... (€30.9M), and Cigarettes containing tobacco (€24.6M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Dec 2023 - Dec 2024)

United Kingdom €1.39M (145%)

France €808k (480%)

Belgium €496k (210%)

Rapidly Declining Export Origins (Dec 2023 - Dec 2024)

Chinese Taipei -€2.73M (-98.5%)

Switzerland -€2.46M (-89.4%)

Portugal -€657k (-84.5%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2024)Germany€327M

Top Import (2024)Light petroleum distillates nes€275M

In 2024 the top import origins of Santa Cruz De Tenerife were Germany (€327M), China (€111M), Rest of the world (€107M), Italy (€100M), and United Kingdom (€79.5M).

In 2024 the top imports of Santa Cruz De Tenerife were Light petroleum distillates nes (€275M), Micro Cars (€129M), Coal tar distillation products nes (€83.1M), Small Sized Cars (€57M), and Diesel Trucks < 5 tonnes (€31.8M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Dec 2023 - Dec 2024)

United Kingdom €15.2M (264%)

Germany €7.12M (40.2%)

Slovakia €2.86M (197%)

Rapidly Declining Import Origins (Dec 2023 - Dec 2024)

France -€2.31M (-30.3%)

Norway -€1.13M (-94.4%)

Switzerland -€915k (-78%)

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Economic Complexity

Economic Complexity of Santa Cruz De Tenerife

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Geomap

Treemap

Economic Complexity (2024)-0.29

Santa Cruz De Tenerife ranks 35th 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. Santa Cruz De Tenerife it is in position 35th 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 Santa Cruz De Tenerife already has a comparative advantage, are led by Tropical Fruits (0.079), Knit Women's Coats (0.079), Flavored Water (0.078), Non-fillet Fresh Fish (0.078), and Knit Sweaters (0.078).

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Most Complex Products by PCI

The highest complexity exports of Santa Cruz De Tenerife according to the product complexity index (PCI) are Corrugated Paper (N/A), Metalworking Machine Parts (1.5), Casting Machines (1.33), Other Paper Machinery (1.32), Compasses (1.14), Kaolin Coated Paper (0.85), Scales (0.76), Motor vehicle (8701 to 8705) chassis... (0.59), Eyewear (0.53), and Used Rubber Tires (0.4). 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 Corrugated Paper (92.05), Motor vehicle (8701 to 8705) chassis... (60.29), Coal Tar Oil (54.33), Rolled Tobacco (49.10), and Processed Tobacco (34.37).

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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 Santa Cruz De Tenerife 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 Santa Cruz De Tenerife. These are products that tend to be co-exported with the products that Santa Cruz De Tenerife 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.