Castellón | The Observatory of Economic Complexity

Castellón

Province in Valencian Community, Autonomous Community in Spain

2023
Economic
Complexity -0.15Rank 20 of 49

Jan 2024
Trade
Exports | Imports €813M | €325M13 of 53 | 24 of 53

Jan 2024
Country
Destination | Origin United States | Kazakhstan €122M | €72M

Image 1

Image by FEDERICO JORDÁ
Link: https://flic.kr/p/adPmev

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Castellón. In January 2024 Castellón was the number 13 in total exports and the number 17 in total imports in Spain.

Exports In 2023, Spain's Castellón exported €11B, making it the 13th largest exporter out of the 52 exporters in Spain. In 2023 the top exports of Castellón were Ceramic tiles; flags and paving, hearth... (€2.25B), Ceramic tiles; flags and paving, hearth... (€720M), Biodiesel and mixtures thereof (€342M), Pigment, opacifier, colours etc for ceramics... (€319M), and Petroleum spirit for motor vehicles (€318M).

Imports In 2023, Spain's Castellón imported €8.87B, making it the 17th largest importer out of the 52 importers in Spain. In 2023 top imports of Castellón were Petroleum oils, oils from bituminous minerals,... (€2.3B), Palm oil or fractions simply refined (€122M), Light petroleum distillates nes (€118M), Zirconium ores and concentrates (€106M), and Refined soya-bean oil, not chemically modified (€104M).

Economic Complexity In 2023, the highest complexity exports of Castellón according to the product complexity index (PCI) are Non-Mechanical Removal Machinery (1.9), Polyamides (1.6), Ketones and Quinones (1.43), Industrial Printers (1.31), Milling Stones (1.23), Aldehydes (1.14), Iron Springs (0.83), Cyclic Alcohols (0.81), Polyacetals (0.8), and Oxygen Heterocyclic Compounds (0.8). 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 Castellón exported €813M and imported €325M, resulting in a positive trade balance of €488M. Between January 2023 and January 2024 the exports of Castellón have increased by $19.4M (2.45%) from €794M to €813M, while imports decreased by €-170M (-34.3%) from €494M to €325M.

Trade In January 2024, the top exports of Castellón were Unglazed Ceramics (€239M), Citrus (€116M), Refined Petroleum (€114M), Prepared Pigments (€53.2M), and Biodiesel and mixtures thereof (€42.4M). In January 2024 the top imports of Castellón were Crude Petroleum (€111M), Refined Petroleum (€18.3M), Niobium, Tantalum, Vanadium and Zirconium Ore (€5.07M), Palm Oil (€5.05M), and Unglazed Ceramics (€5.01M).

Destinations In January 2024, Castellón exported mostly to United States (€122M), France (€96.1M), Germany (€70.4M), Malta (€63.2M), and Italy (€47.7M), and imported mostly from Kazakhstan (€72M), Brazil (€41.7M), Italy (€36.6M), Germany (€23.6M), and France (€19.4M).

Growth In January 2024, the increase in Castellón's year-by-year exports was explained primarily by an increase in exports to Gibraltar (€17.4M or 5.32k%), Denmark (€12.6M or 289%), and Netherlands (€10.6M or 28.9%), and product exports increase in Citrus (€13.5M or 12.3%), Petroleum Coke (€7.47M or 37.1%), and Industrial Printers (€5.38M or 77.4%). In January 2024, the decrease in Castellón's year-by-year imports was explained primarily by an decrease in imports from Nigeria (€-71.9M or -100%), Brazil (€-61.3M or -97.1%), and Russia (€-45.5M or -99.1%), and product imports decrease in Refined Petroleum (€-36M or -98.8%), Crude Petroleum (€-34.6M or -16.8%), and Nitrogenous Fertilizers (€-10M or -59.2%).

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)€19.4M(2.45%)

IMPORT GROWTH (January 2023 - January 2024)€-170M(-34.3%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)France€1.2B

Top Product (2023)Ceramic tiles; flags and paving, hearth...€2.25B

In 2023 the top export destinations of Castellón were France (€1.2B), United States (€896M), Germany (€669M), Italy (€668M), and Portugal (€446M).

In 2023 the top exports of Castellón were Ceramic tiles; flags and paving, hearth... (€2.25B), Ceramic tiles; flags and paving, hearth... (€720M), Biodiesel and mixtures thereof (€342M), Pigment, opacifier, colours etc for ceramics... (€319M), and Petroleum spirit for motor vehicles (€318M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

United States €73.1M (150%)

Malta €61.7M (4.23k%)

Egypt €20.7M (333%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Colombia -€28.1M (-89.1%)

Gibraltar -€17.6M (-99.3%)

Canada -€12.8M (-75.5%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Kazakhstan€633M

Top Import (2023)Petroleum oils, oils from bituminous minerals,...€2.3B

In 2023 the top import origins of Castellón were Kazakhstan (€633M), Italy (€584M), Angola (€434M), Guyana (€387M), and Libya (€339M).

In 2023 the top imports of Castellón were Petroleum oils, oils from bituminous minerals,... (€2.3B), Palm oil or fractions simply refined (€122M), Light petroleum distillates nes (€118M), Zirconium ores and concentrates (€106M), and Refined soya-bean oil, not chemically modified (€104M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Brazil €39.8M (2.17k%)

Malta €17.9M (599k%)

Germany €4.01M (20.5%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

Kazakhstan -€53.9M (-42.8%)

Indonesia -€33.5M (-86.7%)

Argentina -€12.4M (-91.4%)

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Economic Complexity

Economic Complexity of Castellón

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Geomap

Treemap

Economic Complexity (2023)-0.15

Castellón ranks 20th 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. Castellón it is in position 20th 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 Castellón already has a comparative advantage, are led by Pure Olive Oil (0.17), Legumes (0.17), Tropical Fruits (0.16), Processed Tomatoes (0.16), and Marble, Travertine and Alabaster (0.16).

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Most Complex Products by PCI

The highest complexity exports of Castellón according to the product complexity index (PCI) are Non-Mechanical Removal Machinery (1.9), Polyamides (1.6), Ketones and Quinones (1.43), Industrial Printers (1.31), Milling Stones (1.23), Aldehydes (1.14), Iron Springs (0.83), Cyclic Alcohols (0.81), Polyacetals (0.8), and Oxygen Heterocyclic Compounds (0.8). 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 Unglazed Ceramics (365.96), Prepared Pigments (364.69), Citrus (104.64), Glass Bricks (100.70), and Plastic Wash Basins (38.46).

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