Teruel

Province in Aragon, Autonomous Community in Spain

2019
Economic
Complexity
: -0.19, Rank 22 of 49

Jan 2021
Trade
Exports | Imports
: €48.9M | €13.1M, 43 of 53 | 51 of 53

Jan 2021
Country
Destination | Origin
: Qatar | France , €19.7M  | €3.47M

Jan 2021
Product
Exports | Imports
: Spark-Ignition Engines | Raw Aluminium , €18.7M  | €3.03M

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

Exports: In 2020, Spain's Teruel exported €379M, making it the 48th largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Teruel were Props etc for scaffold, shuttering, pits,... (€51.6M), Cast articles of iron or steel,... (€34.3M), Aircraft engines, spark-ignition (€34.1M), Wheels including parts/accessories for motor vehicles (€32.7M), and Nitrogen-phosphorus-potassium fertilizers, pack >10kg (€22.7M).

Imports: In 2020, Spain's Teruel imported €186M, making it the 48th largest importer out of the 52 importers in Spain. In 2020 top imports of Teruel were Aluminium unwrought, alloyed (€27.9M), Lead waste or scrap (€16.6M), Aircraft engines, spark-ignition (€13.6M), Urea resins, thiourea resins, in primary... (€9.09M), and Urea, including aqueous solution in packs... (€6.88M).

Economic Complexity: In 2019, the highest complexity exports of Teruel according to the product complexity index (PCI) are Glass with Edge Workings (1.81), Stone Working Machines (1.15), Vehicle Parts (1.12), Spark-Ignition Engines (0.89), and Compounded Unvulcanised Rubber (0.87). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between Teruel's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Spain's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): France, €114M

Top Product (2020): Props etc for scaffold, shuttering, pits,..., €51.6M

In 2020 the top export destinations of Teruel were France (€114M), Germany (€57.7M), Portugal (€29.8M), Italy (€23.8M), and United States (€17.6M).

In 2020 the top exports of Teruel were Props etc for scaffold, shuttering, pits,... (€51.6M), Cast articles of iron or steel,... (€34.3M), Aircraft engines, spark-ignition (€34.1M), Wheels including parts/accessories for motor vehicles (€32.7M), and Nitrogen-phosphorus-potassium fertilizers, pack >10kg (€22.7M).

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Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): France, €35.2M

Top Import (2020): Aluminium unwrought, alloyed, €27.9M

In 2020 the top import origins of Teruel were France (€35.2M), Portugal (€22.6M), Germany (€20.7M), United States (€18M), and Italy (€14M).

In 2020 the top imports of Teruel were Aluminium unwrought, alloyed (€27.9M), Lead waste or scrap (€16.6M), Aircraft engines, spark-ignition (€13.6M), Urea resins, thiourea resins, in primary... (€9.09M), and Urea, including aqueous solution in packs... (€6.88M).

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Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of Spain

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Teruel ranks 22nd out of the 52 provinces in Spain 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. Teruel it is in position 22nd 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 Teruel already has a comparative advantage, are led by Fermented Milk Products (0.092), Milk (0.092), Other Prepared Meat (0.091), Pitted Fruits (0.09), and Fuel Wood (0.089).

Most Complex Products by PCI

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The highest complexity exports of Teruel according to the product complexity index (PCI) are Glass with Edge Workings (1.81), Stone Working Machines (1.15), Vehicle Parts (1.12), Spark-Ignition Engines (0.89), and Compounded Unvulcanised Rubber (0.87). 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 Other Cast Iron Products (167), Animal or Vegetable Fertilizers (113), Preserved Meat (91.5), Phosphatic Fertilizers (86.5), and Kaolin (72.1).

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 Teruel 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  Teruel. These are products that tend to be co-exported with the products that Teruel 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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Depth
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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.