Valencia

Province in Valencian Community, Autonomous Community in Spain

2019
Economic
Complexity
: -0.24, Rank 27 of 49

Jan 2021
Trade
Exports | Imports
: €1.43B | €1.32B, 3 of 53 | 3 of 53

Jan 2021
Country
Destination | Origin
: Germany | China , €288M  | €209M

Jan 2021
Product
Exports | Imports
: Cars | Cars , €302M  | €140M

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

Exports: In 2020, Spain's Valencia exported €16.2B, making it the 3rd largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Valencia were Medium Diesel Engine Cars (€1.31B), Vehicles; with both spark-ignition internal combustion... (€1.16B), Small Diesel Engine Cars (€609M), Oranges, fresh or dried (€602M), and Medium Sized Cars (€556M).

Imports: In 2020, Spain's Valencia imported €16.7B, making it the 3rd largest importer out of the 52 importers in Spain. In 2020 top imports of Valencia were Vehicles; with both spark-ignition internal combustion... (€1.09B), Transmissions for motor vehicles (€421M), Electric accumulators: lithium-ion, including separators, whether... (€271M), Parts and accessories of bodies nes... (€253M), and Engines, diesel, for motor vehicles (€239M).

Economic Complexity: In 2019, the highest complexity exports of Valencia according to the product complexity index (PCI) are Non-Mechanical Removal Machinery (1.78), Self-Propelled Rail Transport (1.68), Flat Flat-Rolled Steel (1.47), Electric Furnaces (1.4), and Cars (0.98). 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 Valencia'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): Germany, €2.82B

Top Product (2020): Medium Diesel Engine Cars, €1.31B

In 2020 the top export destinations of Valencia were Germany (€2.82B), France (€2.02B), United States (€1.37B), United Kingdom (€1.3B), and Italy (€1.24B).

In 2020 the top exports of Valencia were Medium Diesel Engine Cars (€1.31B), Vehicles; with both spark-ignition internal combustion... (€1.16B), Small Diesel Engine Cars (€609M), Oranges, fresh or dried (€602M), and Medium Sized Cars (€556M).

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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): China, €2.43B

Top Import (2020): Vehicles; with both spark-ignition internal combustion..., €1.09B

In 2020 the top import origins of Valencia were China (€2.43B), Germany (€1.83B), United States (€1.42B), France (€1.17B), and United Kingdom (€983M).

In 2020 the top imports of Valencia were Vehicles; with both spark-ignition internal combustion... (€1.09B), Transmissions for motor vehicles (€421M), Electric accumulators: lithium-ion, including separators, whether... (€271M), Parts and accessories of bodies nes... (€253M), and Engines, diesel, for motor vehicles (€239M).

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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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Valencia ranks 27th 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 27th 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 Pickled Foods (0.28), Raw Iron Bars (0.28), Tropical Fruits (0.27), Gypsum (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 (1.78), Self-Propelled Rail Transport (1.68), Flat Flat-Rolled Steel (1.47), Electric Furnaces (1.4), and Cars (0.98). 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 (85.1), Melons (21.7), Cocoa Powder (21), Roofing Tiles (20.3), and Onions (19.2).

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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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.