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.
Overview: In January 2021 Teruel exported €48.9M and imported €13.1M, resulting in a positive trade balance of €35.8M. Between January 2020 and January 2021 the exports of Teruel have increased by $15.3M (45.6%) from €33.6M to €48.9M, while imports decreased by €-2.62M (-16.7%) from €15.7M to €13.1M.
Trade: In January 2021, the top exports of Teruel were Spark-Ignition Engines (€18.7M), Iron Structures (€5.51M), Vehicle Parts (€3.98M), Mixed Mineral or Chemical Fertilizers (€3.4M), and Other Cast Iron Products (€3.01M). In January 2021 the top imports of Teruel were Raw Aluminium (€3.03M), Scrap Lead (€2.07M), Amino-resins (€928k), Uncoated Kraft Paper (€492k), and Cellulose Fibers Paper (€464k).
Destinations: In January 2021, Teruel exported mostly to Qatar (€19.7M), France (€11.2M), Germany (€4.43M), Portugal (€2.67M), and Italy (€1.94M), and imported mostly from France (€3.47M), Norway (€2.42M), Portugal (€1.94M), Germany (€1.4M), and Italy (€632k).
Growth: In January 2021, the increase in Teruel's year-by-year exports was explained primarily by an increase in exports to Qatar (€19.7M or 311k%), Algeria (€1.04M or 575%), and Argentina (€562k or 352%), and product exports increase in Spark-Ignition Engines (€17.1M or 1.05k%), Mixed Mineral or Chemical Fertilizers (€1.33M or 64.2%), and Mattresses (€461k or 297%). In January 2021, the decrease in Teruel's year-by-year imports was explained primarily by an decrease in imports from Russia (€-1.23M or -93.6%), Portugal (€-1.2M or -38.2%), and Bahrain (€-394k or -39.2%), and product imports decrease in Uncoated Kraft Paper (€-1.53M or -75.6%), Mixed Mineral or Chemical Fertilizers (€-1.31M or -99.7%), and Other Office Machines (€-283k or -100%).
EXPORT GROWTH (January 2020 - January 2021): €15.3M, (45.6%)
IMPORT GROWTH (January 2020 - January 2021): €-2.62M, (-16.7%)
This section shows exports and imports data at subnational level for Teruel. 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 Teruel over time.
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.
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).
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).
Teruel ranks 22nd out of the 52 provinces in Spain according to ECI.
Estimated using exports data.
The economic complexity of a territory can change year to year. Teruel it is in position 22nd considering its ECI in the last year.
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).
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.
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.
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.
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