Teruel

Province in Aragón, Autonomous Community in Spain

Exports (2019): €456M, Rnk 45/52

Top Destination (2019): €130M, France

Top Export (2019): €87.7M, Aircraft engines, spark-ignition

Imports (2019): €259M, Rnk 46/52

Top Origin (2019): €42.3M, France

Top Import (2019): €37.5M, Aluminium unwrought, alloyed

Economic Complexity (2019): -0.16, Rnk 23 / 52

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

Exports: In 2019, Spain's Teruel exported €456M, making it the 45th largest exporter out of the 52 exporters in Spain. In 2019 the top exports of Teruel were Aircraft engines, spark-ignition (€87.7M), Props etc for scaffold, shuttering, pits,... (€63.5M), Wheels including parts/accessories for motor vehicles (€51.3M), Cast articles of iron or steel,... (€28.6M), and Parts of cranes, work-trucks, shovels, constr... (€25M).

Imports: In 2019, Spain's Teruel imported €259M, making it the 46th largest importer out of the 52 importers in Spain. In 2019 top imports of Teruel were Aluminium unwrought, alloyed (€37.5M), Lead waste or scrap (€23.5M), Aircraft engines, spark-ignition (€21.3M), Urea resins, thiourea resins, in primary... (€11.4M), and Bituminous coal, not agglomerated (€8.79M).

Economic Complexity: In 2019, the highest complexity exports of Teruel according to the product complexity index (PCI) are Glass with Edge Workings (1.78), Metal Molds (1.4), Iron Chains (1.18), Glass Mirrors (1.18), and Synthetic Coloring Matter (1.17). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): France, €130M

Top Product (2019): Aircraft engines, spark-ignition, €87.7M

In 2019 the top export destinations of Teruel were France (€130M), Germany (€51.6M), Portugal (€44.2M), Morocco (€40.9M), and Italy (€21.7M).

In 2019 the top exports of Teruel were Aircraft engines, spark-ignition (€87.7M), Props etc for scaffold, shuttering, pits,... (€63.5M), Wheels including parts/accessories for motor vehicles (€51.3M), Cast articles of iron or steel,... (€28.6M), and Parts of cranes, work-trucks, shovels, constr... (€25M).

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Yearly Imports

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Top Origin (2019): France, €42.3M

Top Import (2019): Aluminium unwrought, alloyed, €37.5M

In 2019 the top import origins of Teruel were France (€42.3M), Norway (€25.4M), United States (€24.1M), Portugal (€23.5M), and Italy (€23M).

In 2019 the top imports of Teruel were Aluminium unwrought, alloyed (€37.5M), Lead waste or scrap (€23.5M), Aircraft engines, spark-ignition (€21.3M), Urea resins, thiourea resins, in primary... (€11.4M), and Bituminous coal, not agglomerated (€8.79M).

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Comparison in Time

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This section shows differences between total trade from Teruel throughout time.

This section shows forecasts for total exports and imports from Teruel. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Spain

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Teruel ranks 23rd 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 23rd 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 (0.094), Pitted Fruits (0.093), Other Prepared Meat (0.093), Milk (0.093), and Fuel Wood (0.091).

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 (1.78), Metal Molds (1.4), Iron Chains (1.18), Glass Mirrors (1.18), and Synthetic Coloring Matter (1.17). 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 (173), Animal or Vegetable Fertilizers (116), Preserved Meat (89.8), Phosphatic Fertilizers (87.5), and Sulfuric Acid (78.7).

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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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.