Valencia

Province in Comunidad Valenciana, Autonomous Community in Spain

Exports (2019): €18B, Rnk 3/52

Top Destination (2019): €3.17B, Germany

Top Export (2019): €2.12B, Medium Diesel Engine Cars

Imports (2019): €18.7B, Rnk 3/52

Top Origin (2019): €2.24B, China

Top Import (2019): €1.3B, Vehicles; with both spark-ignition internal combustion...

Economic Complexity (2019): -0.19, Rnk 24 / 52

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

Exports: In 2019, Spain's Valencia exported €18B, making it the 3rd largest exporter out of the 52 exporters in Spain. In 2019 the top exports of Valencia were Medium Diesel Engine Cars (€2.12B), Small Sized Cars (€1.7B), Medium Sized Cars (€875M), Engines, spark-ignition reciprocating, over 1000 cc (€584M), and Oranges, fresh or dried (€521M).

Imports: In 2019, Spain's Valencia imported €18.7B, making it the 3rd largest importer out of the 52 importers in Spain. In 2019 top imports of Valencia were Vehicles; with both spark-ignition internal combustion... (€1.3B), Transmissions for motor vehicles (€402M), Engines, diesel, for motor vehicles (€359M), Parts and accessories of bodies nes... (€354M), and Natural gas, liquefied (€287M).

Economic Complexity: In 2019, the highest complexity exports of Valencia according to the product complexity index (PCI) are Non-Mechanical Removal Machinery (2.04), Iron Fasteners (1.66), Electric Soldering Equipment (1.65), Self-Propelled Rail Transport (1.53), and Flat Flat-Rolled Steel (1.45). 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): Germany, €3.17B

Top Product (2019): Medium Diesel Engine Cars, €2.12B

In 2019 the top export destinations of Valencia were Germany (€3.17B), France (€1.98B), United Kingdom (€1.7B), United States (€1.52B), and Italy (€1.43B).

In 2019 the top exports of Valencia were Medium Diesel Engine Cars (€2.12B), Small Sized Cars (€1.7B), Medium Sized Cars (€875M), Engines, spark-ignition reciprocating, over 1000 cc (€584M), and Oranges, fresh or dried (€521M).

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Export Dynamics

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Fastest Growing Exports Destination (August 2019 - August 2020)

Rapidly Declining Export Origins (August 2019 - August 2020)

Yearly Imports

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Top Origin (2019): China, €2.24B

Top Import (2019): Vehicles; with both spark-ignition internal combustion..., €1.3B

In 2019 the top import origins of Valencia were China (€2.24B), Germany (€2.08B), France (€1.53B), United Kingdom (€1.35B), and United States (€1.16B).

In 2019 the top imports of Valencia were Vehicles; with both spark-ignition internal combustion... (€1.3B), Transmissions for motor vehicles (€402M), Engines, diesel, for motor vehicles (€359M), Parts and accessories of bodies nes... (€354M), and Natural gas, liquefied (€287M).

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Import Dynamics

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Fastest Growing Import Origins (August 2019 - August 2020)

Rapidly Declining Import Origins (August 2019 - August 2020)

Comparison in Time

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

This section shows forecasts for total exports and imports from Valencia. 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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Valencia ranks 24th 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. Valencia it is in position 24th 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 Valencia already has a comparative advantage, are led by Raw Iron Bars (0.27), Tropical Fruits (0.27), Other Processed Vegetables (0.27), Pickled Foods (0.27), and Wheat Flours (0.27).

Most Complex Products by PCI

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The highest complexity exports of Valencia according to the product complexity index (PCI) are Non-Mechanical Removal Machinery (2.04), Iron Fasteners (1.66), Electric Soldering Equipment (1.65), Self-Propelled Rail Transport (1.53), and Flat Flat-Rolled Steel (1.45). 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 Citrus (79.4), Melons (20.9), Roofing Tiles (20.2), Ornamental Ceramics (19.1), and Cocoa Powder (19).

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