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Province in Aragon, Autonomous Community in Spain

2023
Economic
Complexity -0.096Rank 16 of 49
Nov 2024
Trade
Exports | Imports €1.04B | €1.3B6 of 53 | 6 of 53
Nov 2024
Country
Destination | Origin France | China €195M  | €250M

About

Overview This page contains the latest international trade data for Zaragoza. In November 2024 Zaragoza was the number 5 in total exports and the number 5 in total imports in Spain.

Exports In 2023, Spain's Zaragoza exported €13.8B, making it the 5th largest exporter out of the 52 exporters in Spain. In 2023 the top exports of Zaragoza were Small Sized Cars (€3.58B), Electric motor Vehicles (€1.11B), Other Frozen Pork Cuts (€448M), Other Fresh/Chilled Pork Cuts (€415M), and Electric Cooking, Grilling & Roasting Equipment... (€405M).

Imports In 2023, Spain's Zaragoza imported €13.4B, making it the 5th largest importer out of the 52 importers in Spain. In 2023 top imports of Zaragoza were Other Motor Vehicle Components (€1.12B), Engines, spark-ignition reciprocating, over 1000 cc (€702M), Other Motor Vehicle Body Parts &... (€545M), Transmissions for motor vehicles (€476M), and Ignition & Wiring Sets for Vehicles,... (€442M).

Economic Complexity In 2023, the highest complexity exports of Zaragoza according to the product complexity index (PCI) are Gaskets (1.28), Trailers and semi-trailers, not mechanically propelled... (0.88), Cars (0.81), Weapons Parts and Accessories (0.8), Pig Meat (0.7), Locomotive Parts (0.67), Cranes (0.66), Electric Heaters (0.61), Household Washing Machines (0.53), and Military Weapons (0.44). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

November, 2024

About

Overview In November 2024 Zaragoza exported €1.04B and imported €1.3B, resulting in a negative trade balance of €261M. Between November 2023 and November 2024 the exports of Zaragoza have decreased by $-404M (-28%) from €1.44B to €1.04B, while imports decreased by €-303M (-18.9%) from €1.6B to €1.3B.

Trade In November 2024, the top exports of Zaragoza were Cars (€254M), Pig Meat (€91.1M), Motor vehicles; parts and accessories (8701... (€44.7M), Electric Heaters (€34.9M), and Other Uncoated Paper (€22.6M). In November 2024 the top imports of Zaragoza were Motor vehicles; parts and accessories (8701... (€87.7M), Spark-Ignition Engines (€68.3M), Knit Sweaters (€64.6M), Other Iron Products (€57.2M), and Electric Batteries (€55.8M).

Destinations In November 2024, Zaragoza exported mostly to France (€195M), Germany (€134M), United Kingdom (€114M), Portugal (€102M), and Italy (€83.4M), and imported mostly from China (€250M), France (€170M), Morocco (€111M), Germany (€97.8M), and Vietnam (€62.2M).

Growth In November 2024, the decrease in Zaragoza's year-by-year exports was explained primarily by an decrease in exports to Germany (€-159M or -54.3%), France (€-94M or -32.5%), and Italy (€-52.9M or -38.8%), and product exports decrease in Cars (€-302M or -54.3%), Delivery Trucks (€-33.9M or -81.5%), and Pig Meat (€-13.8M or -13.2%). In November 2024, the decrease in Zaragoza's year-by-year imports was explained primarily by an decrease in imports from France (€-183M or -51.9%), Germany (€-98.7M or -50.2%), and Portugal (€-79M or -79.7%), and product imports decrease in Motor vehicles; parts and accessories (8701... (€-152M or -63.4%), Insulated Wire (€-34.7M or -58.2%), and Centrifuges (€-18.4M or -79.6%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (November 2023 - November 2024)€-404M(-28%)
IMPORT GROWTH (November 2023 - November 2024)€-303M(-18.9%)

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

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Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)France€3.05B
Top Product (2023)Small Sized Cars€3.58B

In 2023 the top export destinations of Zaragoza were France (€3.05B), Germany (€2.57B), Italy (€1.5B), United Kingdom (€1.09B), and Portugal (€974M).

In 2023 the top exports of Zaragoza were Small Sized Cars (€3.58B), Electric motor Vehicles (€1.11B), Other Frozen Pork Cuts (€448M), Other Fresh/Chilled Pork Cuts (€415M), and Electric Cooking, Grilling & Roasting Equipment... (€405M).

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Exports Dynamics

Fastest Growing Exports Destination (Nov 2023 - Nov 2024)
Portugal €13.8M (15.7%)
United Kingdom €7.69M (7.26%)
Morocco €7.61M (23.9%)
Rapidly Declining Export Origins (Nov 2023 - Nov 2024)
Germany -€159M (-54.3%)
France -€94M (-32.5%)
Italy -€52.9M (-38.8%)

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Yearly Imports

Color
Depth
Top Origin (2023)France€3.83B
Top Import (2023)Other Motor Vehicle Components€1.12B

In 2023 the top import origins of Zaragoza were France (€3.83B), China (€2.29B), Germany (€2.18B), Portugal (€1.26B), and Morocco (€1.16B).

In 2023 the top imports of Zaragoza were Other Motor Vehicle Components (€1.12B), Engines, spark-ignition reciprocating, over 1000 cc (€702M), Other Motor Vehicle Body Parts &... (€545M), Transmissions for motor vehicles (€476M), and Ignition & Wiring Sets for Vehicles,... (€442M).

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Imports Dynamics

Fastest Growing Import Origins (Nov 2023 - Nov 2024)
Ireland €41.2M (996%)
Hong Kong €40M (5.35k%)
Hungary €17.4M (179%)
Rapidly Declining Import Origins (Nov 2023 - Nov 2024)
France -€183M (-51.9%)
Germany -€98.7M (-50.2%)
Portugal -€79M (-79.7%)

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Economic Complexity

Economic Complexity of Zaragoza

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Economic Complexity (2023)-0.096

Zaragoza ranks 16th 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

Value

The economic complexity of a territory can change year to year. Zaragoza it is in position 16th considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Zaragoza already has a comparative advantage, are led by Knit Socks and Hosiery (0.23), Knit Women's Undergarments (0.23), Knit Men's Undergarments (0.23), Knit Men's Suits (0.23), and Knit Women's Shirts (0.23).

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Most Complex Products by PCI

The highest complexity exports of Zaragoza according to the product complexity index (PCI) are Gaskets (1.28), Trailers and semi-trailers, not mechanically propelled... (0.88), Cars (0.81), Weapons Parts and Accessories (0.8), Pig Meat (0.7), Locomotive Parts (0.67), Cranes (0.66), Electric Heaters (0.61), Household Washing Machines (0.53), and Military Weapons (0.44). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Animal Fat (41.51), Pig Meat (40.98), Silicates (31.93), Military Weapons (26.21), and Plaster Articles (21.48).

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Product Space

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 Zaragoza 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.

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Relatedness Space

This network shows the products most related to the production structure of  Zaragoza. These are products that tend to be co-exported with the products that Zaragoza exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

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. Bubble size corresponds to exports value by year 2020.

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