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 Flat Flat-Rolled Steel (1.47), Cars (0.98), Spark-Ignition Engines (0.89), Electrical Transformers (0.77), and Waxes (0.74). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Time Scale
Flow
Value
Depth

EXPORT GROWTH (April 2020 - April 2021): €657M, (80.7%)

IMPORT GROWTH (April 2020 - April 2021): €544M, (54.4%)

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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Historical Data

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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 (Apr 2020 - Apr 2021)

Rapidly Declining Export Origins (Apr 2020 - Apr 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 (Apr 2020 - Apr 2021)

Rapidly Declining Import Origins (Apr 2020 - Apr 2021)

Economic Complexity

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Economic Complexity of Spain

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Economic Complexity (2020): -0.24

Valencia ranks 26th 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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Scale

The economic complexity of a territory can change year to year. Valencia it is in position 26th 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 Tropical Fruits (0.28), Pickled Foods (0.28), Cement (0.28), Gypsum (0.28), and Raw Iron Bars (0.28).

Most Complex Products by PCI

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The highest complexity exports of Valencia according to the product complexity index (PCI) are Flat Flat-Rolled Steel (1.47), Cars (0.98), Spark-Ignition Engines (0.89), Electrical Transformers (0.77), and Waxes (0.74). 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 (110), Other Locomotives (94.6), Locust beans, seaweed, sugar beet, cane,... (28.4), Melons (24.6), and Cocoa Powder (21.4).

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.