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.

Historical Data

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Yearly Exports

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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).

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Exports Dynamics

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Fastest Growing Exports Destination (Dec 2021 - Dec 2022)

Rapidly Declining Export Origins (Dec 2021 - Dec 2022)

Yearly Imports

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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).

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Imports Dynamics

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Fastest Growing Import Origins (Dec 2021 - Dec 2022)

Rapidly Declining Import Origins (Dec 2021 - Dec 2022)

Economic Complexity

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Economic Complexity of Valencia

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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.

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Economic Complexity Ranking

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The economic complexity of a territory can change year to year. Valencia it is in position 22nd 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 (0.31), Wheat Flours (0.31), Soups and Broths (0.31), Processed Tomatoes (0.31), and Tropical Fruits (0.3).

Most Complex Products by PCI

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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.

Most Specialized Products by RCA Index

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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.

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. Bubble size corresponds to exports value by year 2020.