Ciudad Real | The Observatory of Economic Complexity

Ciudad Real

Province in Castilla-La Mancha, Autonomous Community in Spain

2023
Economic
Complexity -0.15Rank 19 of 49

Jan 2024
Trade
Exports | Imports €166M | €84.2M35 of 53 | 41 of 53

Jan 2024
Country
Destination | Origin Italy | Belgium €29.7M | €12.5M

Image 1

Image by Roberto
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Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Ciudad Real. In January 2024 Ciudad Real was the number 32 in total exports and the number 38 in total imports in Spain.

Exports In 2023, Spain's Ciudad Real exported €2.54B, making it the 32nd largest exporter out of the 52 exporters in Spain. In 2023 the top exports of Ciudad Real were Parts of hydraulic/pneumatic/other power engines (€192M), Grape wines nes, fortified wine or... (€176M), Grape wines, alcoholic grape must nes (€163M), Lead-acid electric accumulators (vehicle) (€112M), and Liqueurs and cordials (€86.1M).

Imports In 2023, Spain's Ciudad Real imported €1.12B, making it the 38th largest importer out of the 52 importers in Spain. In 2023 top imports of Ciudad Real were Photosensitive devices; assembled photovoltaic modules/panels (€67.8M), Gin and Geneva (€57.5M), Whiskies (€50.4M), Lubricating oil additives with petroleum, bitumen... (€44.9M), and Articles of carbon fibres for non-electrical... (€42.2M).

Economic Complexity In 2023, the highest complexity exports of Ciudad Real according to the product complexity index (PCI) are Electric Batteries (1.18), Knives (1.06), Other Iron Products (0.87), Polyacetals (0.8), Carboxylic Acids (0.76), Dairy Machinery (0.73), Other Engines (0.63), Hand Tools (0.62), Cyclic Hydrocarbons (0.61), and Glass Fibers (0.5). 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 Ciudad Real exported €166M and imported €84.2M, resulting in a positive trade balance of €82.2M. Between January 2023 and January 2024 the exports of Ciudad Real have decreased by $-23.8M (-12.5%) from €190M to €166M, while imports decreased by €-10.8M (-11.3%) from €95M to €84.2M.

Trade In January 2024, the top exports of Ciudad Real were Wine (€35.4M), Pure Olive Oil (€14.2M), Hard Liquor (€14.1M), Electric Batteries (€13.2M), and Other Engines (€11.5M). In January 2024 the top imports of Ciudad Real were Hard Liquor (€8.37M), Cyclic Hydrocarbons (€7.3M), Antiknock (€4.48M), Semiconductor Devices (€3.18M), and Fruit Juice (€3.08M).

Destinations In January 2024, Ciudad Real exported mostly to Italy (€29.7M), France (€25.8M), Germany (€24.8M), Portugal (€15.3M), and United Kingdom (€9.31M), and imported mostly from Belgium (€12.5M), Portugal (€9.17M), France (€8.96M), Germany (€8.77M), and Italy (€7.94M).

Growth In January 2024, the decrease in Ciudad Real's year-by-year exports was explained primarily by an decrease in exports to Sweden (€-13.3M or -90.2%), United Kingdom (€-4.62M or -24.7%), and Italy (€-4.52M or -22.5%), and product exports decrease in Ethylene Polymers (€-7.85M or -43.3%), Glass Fibers (€-7.59M or -89.4%), and Polyacetals (€-4.69M or -30.6%). In January 2024, the decrease in Ciudad Real's year-by-year imports was explained primarily by an decrease in imports from Chile (€-1.59M or -95.3%), Hungary (€-1.47M or -93.2%), and Germany (€-1.18M or -15.8%), and product imports decrease in Petroleum Resins (€-1.71M or -98.9%), Motor vehicles; parts and accessories (8701... (€-1.56M or -69.6%), and Wine (€-1.32M or -73.8%).

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)€-23.8M(-12.5%)

IMPORT GROWTH (January 2023 - January 2024)€-10.8M(-11.3%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)France€396M

Top Product (2023)Parts of hydraulic/pneumatic/other power engines€192M

In 2023 the top export destinations of Ciudad Real were France (€396M), Germany (€317M), Italy (€264M), Portugal (€249M), and United Kingdom (€160M).

In 2023 the top exports of Ciudad Real were Parts of hydraulic/pneumatic/other power engines (€192M), Grape wines nes, fortified wine or... (€176M), Grape wines, alcoholic grape must nes (€163M), Lead-acid electric accumulators (vehicle) (€112M), and Liqueurs and cordials (€86.1M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Italy €14.1M (90.6%)

Ireland €2.83M (361%)

Poland €1.16M (16.8%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

France -€13.3M (-34%)

Portugal -€6.36M (-29.3%)

Turkey -€5.91M (-65.6%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)China€168M

Top Import (2023)Photosensitive devices; assembled photovoltaic modules/panels€67.8M

In 2023 the top import origins of Ciudad Real were China (€168M), Portugal (€120M), France (€117M), Italy (€113M), and Germany (€110M).

In 2023 the top imports of Ciudad Real were Photosensitive devices; assembled photovoltaic modules/panels (€67.8M), Gin and Geneva (€57.5M), Whiskies (€50.4M), Lubricating oil additives with petroleum, bitumen... (€44.9M), and Articles of carbon fibres for non-electrical... (€42.2M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Belgium €10M (405%)

Germany €2.48M (39.3%)

Turkey €1.34M (42.3%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

China -€12M (-65.3%)

United Kingdom -€3.06M (-41.6%)

Ireland -€2.14M (-93.8%)

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Economic Complexity

Economic Complexity of Ciudad Real

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Geomap

Treemap

Economic Complexity (2023)-0.15

Ciudad Real ranks 19th 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. Ciudad Real it is in position 19th 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 Ciudad Real already has a comparative advantage, are led by Other Prepared Meat (0.11), Jams (0.11), Confectionery Sugar (0.11), Pickled Foods (0.11), and Other Vegetables (0.11).

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Most Complex Products by PCI

The highest complexity exports of Ciudad Real according to the product complexity index (PCI) are Electric Batteries (1.18), Knives (1.06), Other Iron Products (0.87), Polyacetals (0.8), Carboxylic Acids (0.76), Dairy Machinery (0.73), Other Engines (0.63), Hand Tools (0.62), Cyclic Hydrocarbons (0.61), and Glass Fibers (0.5). 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 Vermouth (239.62), Large Iron Containers (126.71), Wine (96.49), Cast Iron Pipes (87.32), and Preserved Vegetables (76.78).

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