ValenciaProvince in Valencian Community, Autonomous Community in Spain
2020 Economic Complexity : -0.2, Rank 22 of 49
Dec 2022 Trade Exports | Imports: €1.81B | €1.87B, 4 of 53 | 4 of 53
Dec 2022 Country Destination | Origin: Germany | China , €227M | €305M
Dec 2022 Product Exports | Imports: Spark-ignition chargeable Cars | Spark-ignition non chargeable Cars , €198M | €110M
Overview This page contains the latest international trade data for Valencia. In December 2022 Valencia was the number 3 in total exports and the number 3 in total imports in Spain.
Exports In 2022, Spain's Valencia exported €21.5B, making it the 3rd largest exporter out of the 52 exporters in Spain. In 2022 the top exports of Valencia were Spark-ignition chargeable Cars (€2.33B), Oranges, fresh or dried (€573M), Medium Diesel Cars (€565M), Small Diesel Cars (€539M), and Static converters, nes (€534M).
Imports In 2022, Spain's Valencia imported €24.1B, making it the 3rd largest importer out of the 52 importers in Spain. In 2022 top imports of Valencia were Spark-ignition non chargeable Cars (€1.36B), Natural gas, liquefied (€568M), Transmissions for motor vehicles (€551M), Photovoltaic cells assembled in modules or... (€464M), and Static converters, nes (€370M).
Economic Complexity In 2020, the highest complexity exports of Valencia according to the product complexity index (PCI) are Self-Propelled Rail Transport (1.84), Roofing Tiles (0.41), Ice Cream (-0.5), Other Locomotives (-0.71), and Cocoa Powder (-0.79). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
December, 2022
Overview In December 2022 Valencia exported €1.81B and imported €1.87B, resulting in a negative trade balance of €61.6M. Between December 2021 and December 2022 the exports of Valencia have increased by $277M (18%) from €1.53B to €1.81B, while imports increased by €54.2M (2.98%) from €1.82B to €1.87B.
Trade In December 2022, the top exports of Valencia were Cars (€298M), Citrus (€254M), Delivery Trucks (€76.1M), Electrical Transformers (€60.9M), and Refined Petroleum (€34.7M). In December 2022 the top imports of Valencia were Cars (€152M), Motor vehicles; parts and accessories (8701... (€114M), Petroleum Gas (€83.6M), Semiconductor Devices (€53.8M), and Electrical Transformers (€52.5M).
Destinations In December 2022, Valencia exported mostly to Germany (€227M), France (€202M), Italy (€167M), United Kingdom (€147M), and United States (€129M), and imported mostly from China (€305M), United States (€190M), Germany (€161M), France (€159M), and Italy (€104M).
Growth In December 2022, the increase in Valencia's year-by-year exports was explained primarily by an increase in exports to Italy (€57.3M or 52.3%), Belgium (€36.7M or 120%), and United States (€33.7M or 40.6%), and product exports increase in Cars (€73.1M or 24.2%), Coated Flat-Rolled Iron (€17M or 243%), and Motor vehicles; parts and accessories (8701... (€15.1M or 49.2%). In December 2022, the increase in Valencia's year-by-year imports was explained primarily by an increase in imports from United States (€237M or 249%), China (€92.5M or 44.2%), and Turkey (€59.8M or 60.2%), and product imports increase in Petroleum Gas (€203M or 11.6M%), Motor vehicles; parts and accessories (8701... (€77.3M or 111%), and Coated Flat-Rolled Iron (€60M or 289%).
EXPORT GROWTH (December 2021 - December 2022): €277M, (18%)
IMPORT GROWTH (December 2021 - December 2022): €54.2M, (2.98%)
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.
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Top Destination (2022): Germany, €2.9B
Top Product (2022): Spark-ignition chargeable Cars, €2.33B
In 2022 the top export destinations of Valencia were Germany (€2.9B), France (€2.44B), Italy (€2.03B), United States (€1.82B), and United Kingdom (€1.71B).
In 2022 the top exports of Valencia were Spark-ignition chargeable Cars (€2.33B), Oranges, fresh or dried (€573M), Medium Diesel Cars (€565M), Small Diesel Cars (€539M), and Static converters, nes (€534M).
Fastest Growing Exports Destination (Dec 2021 - Dec 2022)
Rapidly Declining Export Origins (Dec 2021 - Dec 2022)
Top Origin (2022): China, €4B
Top Import (2022): Spark-ignition non chargeable Cars, €1.36B
In 2022 the top import origins of Valencia were China (€4B), Germany (€1.99B), France (€1.98B), United States (€1.82B), and Italy (€1.49B).
In 2022 the top imports of Valencia were Spark-ignition non chargeable Cars (€1.36B), Natural gas, liquefied (€568M), Transmissions for motor vehicles (€551M), Photovoltaic cells assembled in modules or... (€464M), and Static converters, nes (€370M).
Fastest Growing Import Origins (Dec 2021 - Dec 2022)
Rapidly Declining Import Origins (Dec 2021 - Dec 2022)
Economic Complexity (2022): -0.2
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.
The economic complexity of a territory can change year to year. Valencia 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 Valencia already has a comparative advantage, are led by Pickled Foods (0.31), Wheat Flours (0.31), Soups and Broths (0.31), Processed Tomatoes (0.31), and Tropical Fruits (0.3).
The highest complexity exports of Valencia according to the product complexity index (PCI) are Self-Propelled Rail Transport (1.84), Roofing Tiles (0.41), Ice Cream (-0.5), Other Locomotives (-0.71), and Cocoa Powder (-0.79). 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 Citrus (82.5), Other Locomotives (50.8), Vegetable Saps (42.6), Roofing Tiles (31.2), and Self-Propelled Rail Transport (30.5).
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.
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.
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