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Overview This page contains the latest international trade data for Galicia. In December 2023 Galicia was the number 6 in total exports and the number 6 in total imports in Spain.

Exports In 2023, Spain's Galicia exported €29.9B, making it the 6th largest exporter out of the 18 exporters in Spain. In 2023 the top exports of Galicia were Small Sized Cars (€2.27B), Diesel Trucks < 5 tonnes (€1.93B), Electric motor Vehicles (€991M), Small Diesel Cars (€945M), and Womens, girls trousers & shorts, of... (€747M).

Imports In 2023, Spain's Galicia imported €27.1B, making it the 6th largest importer out of the 18 importers in Spain. In 2023 top imports of Galicia were Petroleum oils, oils from bituminous minerals,... (€2.38B), Electric accumulators: lithium-ion, including separators, whether... (€1.14B), Tuna, skipjack, bonito, prepared/preserved, not mince (€611M), Molluscs; cuttle fish and squid, whether... (€594M), and Crustaceans: frozen, shrimps and prawns, excluding... (€451M).

Economic Complexity In 2023, the highest complexity exports of Galicia according to the product complexity index (PCI) are Carbon-based Electronics (0.68), Flax Woven Fabric (0.66), Peptones (0.59), Delivery Trucks (0.45), Pigs (0.42), Carded Wool or Animal Hair Fabric (0.34), Particle Board (0.17), Milk (0.047), Aluminium Bars (-0.02), and Worked Slate (-0.021). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)France€5.28B
Top Product (2023)Small Sized Cars€2.27B

In 2023 the top export destinations of Galicia were France (€5.28B), Portugal (€4.22B), Italy (€3.02B), Germany (€1.82B), and Poland (€1.68B).

In 2023 the top exports of Galicia were Small Sized Cars (€2.27B), Diesel Trucks < 5 tonnes (€1.93B), Electric motor Vehicles (€991M), Small Diesel Cars (€945M), and Womens, girls trousers & shorts, of... (€747M).

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Exports Dynamics

Fastest Growing Exports Destination (Dec 2022 - Dec 2023)
Algeria €43.9M (12.6M%)
United States €32.6M (55.6%)
United Kingdom €28.1M (30.3%)
Rapidly Declining Export Origins (Dec 2022 - Dec 2023)
Portugal -€44.3M (-12%)
Italy -€28.8M (-11.6%)
Turkey -€16.3M (-20.8%)

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Yearly Imports

Color
Depth
Top Origin (2023)Portugal€2.63B

In 2023 the top import origins of Galicia were Portugal (€2.63B), China (€2.59B), France (€1.71B), United States (€1.18B), and Morocco (€1.17B).

In 2023 the top imports of Galicia were Petroleum oils, oils from bituminous minerals,... (€2.38B), Electric accumulators: lithium-ion, including separators, whether... (€1.14B), Tuna, skipjack, bonito, prepared/preserved, not mince (€611M), Molluscs; cuttle fish and squid, whether... (€594M), and Crustaceans: frozen, shrimps and prawns, excluding... (€451M).

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Imports Dynamics

Fastest Growing Import Origins (Dec 2022 - Dec 2023)
China €107M (42.8%)
Italy €20.3M (36.4%)
Brazil €19.4M (132%)
Rapidly Declining Import Origins (Dec 2022 - Dec 2023)
France -€211M (-62.1%)
United States -€84.8M (-34.5%)
Iraq -€57.5M (-100%)

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Economic Complexity

Economic Complexity of Galicia

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Economic Complexity (2023)-0.45

Galicia ranks 16th out of the 18 autonomous communities 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. Galicia 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 Galicia already has a comparative advantage, are led by Knit Men's Undergarments (0.28), Knit Women's Undergarments (0.27), Other Cloth Articles (0.27), Packing Bags (0.25), and Knit Socks and Hosiery (0.25).

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Most Complex Products by PCI

The highest complexity exports of Galicia according to the product complexity index (PCI) are Carbon-based Electronics (0.68), Flax Woven Fabric (0.66), Peptones (0.59), Delivery Trucks (0.45), Pigs (0.42), Carded Wool or Animal Hair Fabric (0.34), Particle Board (0.17), Milk (0.047), Aluminium Bars (-0.02), and Worked Slate (-0.021). 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 Worked Slate (249.69), Molluscs (45.83), Non-Knit Babies' Garments (38.43), Carded Wool or Animal Hair Fabric (36.14), and Artificial Filament Yarn Woven Fabric (33.02).

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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 Galicia 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  Galicia. These are products that tend to be co-exported with the products that Galicia 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
Filter

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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