Valencia | The Observatory of Economic Complexity

Valencia

Province in Valencian Community, Autonomous Community in Spain

2024
Economic
Complexity -0.14Rank 22 of 49

Dec 2024
Trade
Exports | Imports €1.72B | €1.83B3 of 53 | 3 of 53

Dec 2024
Country
Destination | Origin Germany | China €225M | €293M

Image 1

Image by stvcr
Link: https://flic.kr/p/7oWFt

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Valencia. In December 2024 Valencia was the number 3 in total exports and the number 3 in total imports in Spain.

Exports In 2024, Spain's Valencia exported €21.6B, making it the 3rd largest exporter out of the 52 exporters in Spain. In 2024 the top exports of Valencia were Spark-ignition chargeable Cars (€1.97B), Static converters, nes (€833M), Spark-ignition non chargeable Cars (€694M), Oranges (Fresh/Dried) (€567M), and Light petroleum distillates nes (€383M).

Imports In 2024, Spain's Valencia imported €24.5B, making it the 3rd largest importer out of the 52 importers in Spain. In 2024 top imports of Valencia were Spark-ignition non chargeable Cars (€1.96B), Light petroleum distillates nes (€373M), Diesel Trucks < 5 tonnes (€331M), Photosensitive devices; assembled photovoltaic modules/panels (€318M), and Transmissions for motor vehicles (€270M).

Economic Complexity In 2024, the highest complexity exports of Valencia according to the product complexity index (PCI) are Self-Propelled Rail Transport (1.36), Flat Flat-Rolled Steel (1.27), Spark-Ignition Engines (1.08), Boiler Plants (1.05), Revolution Counters (0.85), Electrical Transformers (0.85), Refractory Cements (0.63), Waxes (0.53), Plastic Wash Basins (0.44), and Roofing Tiles (0.42). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

December, 2024

About

Overview In December 2024 Valencia exported €1.72B and imported €1.83B, resulting in a negative trade balance of €108M. Between December 2023 and December 2024 the exports of Valencia have decreased by $-31M (-1.77%) from €1.75B to €1.72B, while imports increased by €154M (9.2%) from €1.67B to €1.83B.

Trade In December 2024, the top exports of Valencia were Cars (€304M), Citrus (€240M), Electrical Transformers (€102M), Other Fruits (€56.4M), and Other Locomotives (€34.1M). In December 2024 the top imports of Valencia were Cars (€305M), Delivery Trucks (€50M), Motor vehicles; parts and accessories (8701... (€43.9M), Electrical Transformers (€32M), and Telephones (€31.1M).

Destinations In December 2024, Valencia exported mostly to Germany (€225M), France (€193M), United Kingdom (€138M), Italy (€128M), and United States (€123M), and imported mostly from China (€293M), France (€158M), Germany (€141M), Japan (€109M), and Italy (€105M).

Growth In December 2024, the decrease in Valencia's year-by-year exports was explained primarily by an decrease in exports to United States (€-49.6M or -28.7%), Mexico (€-15.4M or -55.2%), and Chinese Taipei (€-14.5M or -68.1%), and product exports decrease in Delivery Trucks (€-70.1M or -92%), Citrus (€-25.5M or -9.62%), and Spark-Ignition Engines (€-22M or -60.2%). In December 2024, the increase in Valencia's year-by-year imports was explained primarily by an increase in imports from China (€60.7M or 26.1%), Japan (€42.7M or 64.1%), and Netherlands (€35.7M or 79%), and product imports increase in Cars (€117M or 62.6%), Electric Motors (€23.8M or 707%), and Cocoa Beans (€11.1M or 191%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (December 2023 - December 2024)€-31M(-1.77%)

IMPORT GROWTH (December 2023 - December 2024)€154M(9.2%)

This section shows exports and imports data at subnational level for Valencia. 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 Valencia over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2024)France€2.43B

Top Product (2024)Spark-ignition chargeable Cars€1.97B

In 2024 the top export destinations of Valencia were France (€2.43B), Germany (€2.37B), Italy (€1.7B), United Kingdom (€1.62B), and United States (€1.39B).

In 2024 the top exports of Valencia were Spark-ignition chargeable Cars (€1.97B), Static converters, nes (€833M), Spark-ignition non chargeable Cars (€694M), Oranges (Fresh/Dried) (€567M), and Light petroleum distillates nes (€383M).

Explore Visualizations

Subscribe today to OEC pro and access the latest data

Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Dec 2023 - Dec 2024)

Belgium €28.2M (50.8%)

Romania €12.5M (121%)

Australia €11.1M (45%)

Rapidly Declining Export Origins (Dec 2023 - Dec 2024)

United States -€49.6M (-28.7%)

Mexico -€15.4M (-55.2%)

Chinese Taipei -€14.5M (-68.1%)

Subscribe today to OEC pro and access the latest data

Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2024)China€4.03B

Top Import (2024)Spark-ignition non chargeable Cars€1.96B

In 2024 the top import origins of Valencia were China (€4.03B), France (€1.96B), Germany (€1.95B), Italy (€1.61B), and Turkey (€1.39B).

In 2024 the top imports of Valencia were Spark-ignition non chargeable Cars (€1.96B), Light petroleum distillates nes (€373M), Diesel Trucks < 5 tonnes (€331M), Photosensitive devices; assembled photovoltaic modules/panels (€318M), and Transmissions for motor vehicles (€270M).

Explore Visualizations

Subscribe today to OEC pro and access the latest data

Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Dec 2023 - Dec 2024)

China €60.7M (26.1%)

Japan €42.7M (64.1%)

Netherlands €35.7M (79%)

Rapidly Declining Import Origins (Dec 2023 - Dec 2024)

Italy -€70.1M (-40.1%)

Turkey -€35M (-25.2%)

Poland -€12.8M (-29.1%)

Subscribe today to OEC pro and access the latest data

Economic Complexity

Economic Complexity of Valencia

View

Geomap

Treemap

Economic Complexity (2024)-0.14

Valencia ranks 22nd out of the 52 provinces in Spain according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

Discover Economic Complexity

Subscribe today to OEC pro and access the latest data

Economic Complexity Ranking

Value

Ranking

Value

The economic complexity of a territory can change year to year. Valencia it is in position 22nd considering its ECI in the last year.

Discover Economic Complexity

Subscribe today to OEC pro and access the latest data

Export Opportunities by Relatedness

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 (0.35), Frozen Fruits and Nuts (0.34), Raw Iron Bars (0.34), Root Vegetables (0.34), and Plaster Articles (0.34).

Subscribe today to OEC pro and access the latest data

Most Complex Products by PCI

The highest complexity exports of Valencia according to the product complexity index (PCI) are Self-Propelled Rail Transport (1.36), Flat Flat-Rolled Steel (1.27), Spark-Ignition Engines (1.08), Boiler Plants (1.05), Revolution Counters (0.85), Electrical Transformers (0.85), Refractory Cements (0.63), Waxes (0.53), Plastic Wash Basins (0.44), and Roofing Tiles (0.42). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Subscribe today to OEC pro and access the latest data

Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Other Locomotives (258.39), Citrus (98.76), Cocoa Powder (40.03), Ice Cream (39.33), and Leather of Other Animals (35.56).

Subscribe today to OEC pro and access the latest data

Product Space

RCA Filter

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.

Subscribe today to OEC pro and access the latest data

Relatedness Space

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.

Subscribe today to OEC pro and access the latest data

Diversification Frontier

Depth

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

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. Bubble size corresponds to exports value by year 2020.