Overview In May 2021 Valencia exported €1.39B and imported €1.46B, resulting in a negative trade balance of €66M. Between May 2020 and May 2021 the exports of Valencia have increased by $208M (17.6%) from €1.19B to €1.39B, while imports increased by €313M (27.3%) from €1.15B to €1.46B.
Trade In May 2021, the top exports of Valencia were Cars (€280M), Citrus (€76.8M), Other Fruits (€33.8M), Electrical Transformers (€33.8M), and Refined Petroleum (€33.1M). In May 2021 the top imports of Valencia were Cars (€145M), Vehicle Parts (€77.4M), Coated Flat-Rolled Iron (€44.1M), Flat Flat-Rolled Steel (€30.1M), and Seats (€29.8M).
Destinations In May 2021, Valencia exported mostly to Germany (€240M), France (€172M), Italy (€124M), United States (€84.6M), and Portugal (€83.2M), and imported mostly from China (€204M), France (€126M), Germany (€125M), Turkey (€106M), and Italy (€96.6M).
Growth In May 2021, the increase in Valencia's year-by-year exports was explained primarily by an increase in exports to Germany (€39.2M or 19.5%), Italy (€28.8M or 30.3%), and Portugal (€25.7M or 44.7%), and product exports increase in Refined Petroleum (€29.2M or 741%), Spark-Ignition Engines (€17.2M or 1.11k%), and Other Fruits (€14.2M or 71.8%). In May 2021, the increase in Valencia's year-by-year imports was explained primarily by an increase in imports from Turkey (€66.5M or 168%), France (€55.9M or 79.6%), and Italy (€37.1M or 62.2%), and product imports increase in Cars (€75M or 108%), Coated Flat-Rolled Iron (€27.8M or 170%), and Flat Flat-Rolled Steel (€22.2M or 279%).