Badajoz | The Observatory of Economic Complexity

Badajoz

Province in Extremadura, Autonomous Community in Spain

2023
Economic
Complexity -0.44Rank 42 of 49

Jan 2024
Trade
Exports | Imports €188M | €101M31 of 53 | 37 of 53

Jan 2024
Country
Destination | Origin Portugal | Portugal €50.8M | €20.6M

Image 1

Image by Antonio
Link: https://flic.kr/p/83c84z

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Badajoz. In January 2024 Badajoz was the number 34 in total exports and the number 35 in total imports in Spain.

Exports In 2023, Spain's Badajoz exported €2.27B, making it the 34th largest exporter out of the 52 exporters in Spain. In 2023 the top exports of Badajoz were Tomatoes nes, prepared or preserved, not... (€394M), Sections, I, iron or non-alloy steel,... (€122M), Parts for diesel and semi-diesel engines (€99.8M), Glass containers nes for packing or... (€97.3M), and Blocks, sheets, strip and tiles of... (€79.1M).

Imports In 2023, Spain's Badajoz imported €1.33B, making it the 35th largest importer out of the 52 importers in Spain. In 2023 top imports of Badajoz were Photosensitive devices; assembled photovoltaic modules/panels (€106M), Ferrous waste or scrap, nes (€98.5M), Parts for diesel and semi-diesel engines (€88.9M), Tomatoes nes, prepared or preserved, not... (€74.3M), and Waste cork, crushed, granulated or ground (€51.9M).

Economic Complexity In 2023, the highest complexity exports of Badajoz according to the product complexity index (PCI) are Engine Parts (0.67), Animal Fat (0.44), Aluminium Plating (0.43), Preserved Meat (0.26), Bird Feathers and Skins (0.18), Other Inorganic Acids (0.18), Iron Cloth (-0.0041), Small Iron Containers (-0.0066), Aluminium Bars (-0.02), and Cleaning Products (-0.076). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2024

About

Overview In January 2024 Badajoz exported €188M and imported €101M, resulting in a positive trade balance of €86.8M. Between January 2023 and January 2024 the exports of Badajoz have increased by $24.5M (15%) from €164M to €188M, while imports increased by €9.76M (10.7%) from €91.7M to €101M.

Trade In January 2024, the top exports of Badajoz were Processed Tomatoes (€49.4M), Pure Olive Oil (€26.7M), Iron Blocks (€19M), Agglomerated Cork (€7.6M), and Wine (€7.49M). In January 2024 the top imports of Badajoz were Hot-Rolled Iron (€13.8M), Scrap Iron (€7.32M), Inedible Fats and Oils (€6.47M), Processed Tomatoes (€5.15M), and Scrap Aluminium (€4.92M).

Destinations In January 2024, Badajoz exported mostly to Portugal (€50.8M), Italy (€30.9M), France (€30.9M), Germany (€14.7M), and United Kingdom (€14.6M), and imported mostly from Portugal (€20.6M), China (€12.8M), Vietnam (€7.69M), Austria (€7.6M), and Germany (€6.97M).

Growth In January 2024, the increase in Badajoz's year-by-year exports was explained primarily by an increase in exports to Portugal (€11.8M or 28.4%), Germany (€3.82M or 24.4%), and France (€3.52M or 11.5%), and product exports increase in Other Plastic Products (€10.2M or 3.25k%), Processed Tomatoes (€6.28M or 23.1%), and Aluminium Bars (€5.86M or 715%). In January 2024, the increase in Badajoz's year-by-year imports was explained primarily by an increase in imports from Portugal (€6.03M or 20.3%), Switzerland (€3.97M or 664%), and Germany (€3.14M or 51.1%), and product imports increase in Raw Cork (€3.69M or 130%), Washing and Bottling Machines (€1.59M or 415%), and Corn (€1.56M or 70.6%).

Latest Data

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

Product

EXPORT GROWTH (January 2023 - January 2024)€24.5M(15%)

IMPORT GROWTH (January 2023 - January 2024)€9.76M(10.7%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)Portugal€718M

Top Product (2023)Tomatoes nes, prepared or preserved, not...€394M

In 2023 the top export destinations of Badajoz were Portugal (€718M), France (€385M), Germany (€280M), Italy (€135M), and United Kingdom (€131M).

In 2023 the top exports of Badajoz were Tomatoes nes, prepared or preserved, not... (€394M), Sections, I, iron or non-alloy steel,... (€122M), Parts for diesel and semi-diesel engines (€99.8M), Glass containers nes for packing or... (€97.3M), and Blocks, sheets, strip and tiles of... (€79.1M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Italy €23.7M (330%)

Turkey €5.02M (1.29k%)

United Kingdom €4.87M (50%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Germany -€4.75M (-24.4%)

France -€3.38M (-9.86%)

Portugal -€2.56M (-4.8%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Portugal€432M

Top Import (2023)Photosensitive devices; assembled photovoltaic modules/panels€106M

In 2023 the top import origins of Badajoz were Portugal (€432M), China (€177M), Germany (€164M), France (€85.4M), and Netherlands (€58.1M).

In 2023 the top imports of Badajoz were Photosensitive devices; assembled photovoltaic modules/panels (€106M), Ferrous waste or scrap, nes (€98.5M), Parts for diesel and semi-diesel engines (€88.9M), Tomatoes nes, prepared or preserved, not... (€74.3M), and Waste cork, crushed, granulated or ground (€51.9M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Vietnam €7.53M (4.92k%)

Austria €7.15M (1.59k%)

China €3.6M (39%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Portugal -€15.1M (-42.2%)

Switzerland -€3.54M (-77.4%)

Germany -€2.33M (-25%)

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Economic Complexity

Economic Complexity of Badajoz

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Geomap

Treemap

Economic Complexity (2023)-0.44

Badajoz ranks 42nd 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. Badajoz it is in position 42nd 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 Badajoz already has a comparative advantage, are led by Legumes (0.18), Pickled Foods (0.18), Wheat Flours (0.18), Prepared Cereals (0.18), and Pasta (0.18).

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Most Complex Products by PCI

The highest complexity exports of Badajoz according to the product complexity index (PCI) are Engine Parts (0.67), Animal Fat (0.44), Aluminium Plating (0.43), Preserved Meat (0.26), Bird Feathers and Skins (0.18), Other Inorganic Acids (0.18), Iron Cloth (-0.0041), Small Iron Containers (-0.0066), Aluminium Bars (-0.02), and Cleaning Products (-0.076). 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 Agglomerated Cork (717.30), Processed Tomatoes (706.64), Pitted Fruits (148.47), Iron Blocks (111.90), and Dried Fruits (109.67).

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