Zaragoza | The Observatory of Economic Complexity

Zaragoza

Province in Aragon, Autonomous Community in Spain

2023
Economic
Complexity -0.075Rank 14 of 49

Jul 2024
Trade
Exports | Imports €1.2B | €1.45B6 of 53 | 5 of 53

Jul 2024
Country
Destination | Origin France | France €242M | €297M

Image 1

Image by Phil Fiddyment
Link: https://flic.kr/p/Jhb9gu

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Zaragoza. In July 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 parts (€1.12B), Engines, spark-ignition reciprocating, over 1000 cc (€702M), Others parts and accessories of bodies... (€545M), Transmissions for motor vehicles (€476M), and Ignition/other wiring sets for vehicles/aircraft/ship (€442M).

Economic Complexity In 2023, the highest complexity exports of Zaragoza according to the product complexity index (PCI) are Pig Meat (0.66), Military Weapons (0.57), Animal Fat (0.44), Silicates (N/A), Gaskets (1.38), Cars (0.96), Trailers and semi-trailers, not mechanically propelled... (0.83), Locomotive Parts (0.82), Weapons Parts and Accessories (0.76), and Electric Heaters (0.6). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

July, 2024

About

Overview In July 2024 Zaragoza exported €1.2B and imported €1.45B, resulting in a negative trade balance of €257M. Between July 2023 and July 2024 the exports of Zaragoza have increased by $16.4M (1.38%) from €1.18B to €1.2B, while imports increased by €75.3M (5.46%) from €1.38B to €1.45B.

Trade In July 2024, the top exports of Zaragoza were Cars (€265M), Pig Meat (€83.8M), Motor vehicles; parts and accessories (8701... (€41.5M), Electric Heaters (€34.3M), and Rubber Footwear (€25.7M). In July 2024 the top imports of Zaragoza were Motor vehicles; parts and accessories (8701... (€226M), Insulated Wire (€62.3M), Non-Knit Women's Suits (€60.6M), Spark-Ignition Engines (€45.8M), and Other Iron Products (€38.3M).

Destinations In July 2024, Zaragoza exported mostly to France (€242M), Italy (€165M), Germany (€138M), Portugal (€101M), and United Kingdom (€100M), and imported mostly from France (€297M), China (€180M), Germany (€172M), Morocco (€115M), and Portugal (€92.1M).

Growth In July 2024, the increase in Zaragoza's year-by-year exports was explained primarily by an increase in exports to Italy (€44.5M or 37.1%), Portugal (€18.2M or 22%), and China (€14.4M or 58.2%), and product exports increase in Leather Footwear (€16.3M or 400%), Rubber Footwear (€14.9M or 139%), and Electric Batteries (€11.9M or 134%). In July 2024, the increase in Zaragoza's year-by-year imports was explained primarily by an increase in imports from Ireland (€29.1M or 830%), Morocco (€27.7M or 31.6%), and Belgium (€18.1M or 66.7%), and product imports increase in Other Iron Products (€33.2M or 653%), Electric Motors (€15.1M or 135%), and Telephones (€14.2M or 82%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (July 2023 - July 2024)€16.4M(1.38%)

IMPORT GROWTH (July 2023 - July 2024)€75.3M(5.46%)

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

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

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

Starting Date

Ending Date

Fastest Growing Exports Destination (Jul 2023 - Jul 2024)

Italy €44.5M (37.1%)

Portugal €18.2M (22%)

China €14.4M (58.2%)

Rapidly Declining Export Origins (Jul 2023 - Jul 2024)

Germany -€71.1M (-34%)

Turkey -€40.3M (-66.4%)

Denmark -€10.1M (-64.1%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)France€3.83B

Top Import (2023)Other Motor vehicle parts€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 parts (€1.12B), Engines, spark-ignition reciprocating, over 1000 cc (€702M), Others parts and accessories of bodies... (€545M), Transmissions for motor vehicles (€476M), and Ignition/other wiring sets for vehicles/aircraft/ship (€442M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jul 2023 - Jul 2024)

Ireland €29.1M (830%)

Morocco €27.7M (31.6%)

Belgium €18.1M (66.7%)

Rapidly Declining Import Origins (Jul 2023 - Jul 2024)

France -€23.6M (-7.35%)

Germany -€14.6M (-7.82%)

Turkey -€12.1M (-22.6%)

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Economic Complexity

Economic Complexity of Zaragoza

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Geomap

Treemap

Economic Complexity (2023)-0.075

Zaragoza ranks 14th 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

Ranking

Value

The economic complexity of a territory can change year to year. Zaragoza it is in position 14th 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 Women's Undergarments (0.23), Knit Socks and Hosiery (0.22), Knit Men's Suits (0.22), Knit Women's Shirts (0.22), and Non-Knit Men's Suits (0.22).

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Most Complex Products by PCI

The highest complexity exports of Zaragoza according to the product complexity index (PCI) are Pig Meat (0.66), Military Weapons (0.57), Animal Fat (0.44), Silicates (N/A), Gaskets (1.38), Cars (0.96), Trailers and semi-trailers, not mechanically propelled... (0.83), Locomotive Parts (0.82), Weapons Parts and Accessories (0.76), and Electric Heaters (0.6). 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 (37.90), Pig Meat (37.43), Silicates (31.68), Military Weapons (24.41), and Unpackaged Medicaments (23.03).

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Product Space

RCA Filter

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

Section

HS2

HS4

Filter

All

RCA≤1

RCA>1

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.