Galicia

Autonomous Community in Spain

2019
Economic
Complexity
: -0.46, Rank 15 of 18

Jan 2021
Trade
Exports | Imports
: €1.46B | €1.25B, 6 of 19 | 6 of 19

Jan 2021
Country
Destination | Origin
: France | China , €374M  | €180M

Jan 2021
Product
Exports | Imports
: Cars | Cars , €348M  | €134M

Overview: This page contains the latest international trade data for Galicia, including export and import data.

Exports: In 2020, Spain's Galicia exported €20.9B, making it the 5th largest exporter out of the 18 exporters in Spain. In 2020 the top exports of Galicia were Small Sized Cars (€2.02B), Medium Diesel Engine Cars (€1.18B), Diesel powered trucks weighing < 5... (€1.02B), Small Diesel Engine Cars (€894M), and Motor vehicle parts nes (€821M).

Imports: In 2020, Spain's Galicia imported €16.6B, making it the 5th largest importer out of the 18 importers in Spain. In 2020 top imports of Galicia were Motor vehicle parts nes (€3.02B), Petroleum oils, oils from bituminous minerals,... (€1.04B), Molluscs; cuttle fish and squid, whether... (€485M), Tuna, skipjack, bonito, prepared/preserved, not mince (€452M), and Small Sized Cars (€434M).

Economic Complexity: In 2019, the highest complexity exports of Galicia according to the product complexity index (PCI) are Vehicle Parts (1.12), Artificial Graphite (1.08), Pig Meat (0.81), Large Flat-Rolled Iron (0.6), and Electric Motor Parts (0.55). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between Galicia's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Spain's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): France, €5.1B

Top Product (2020): Small Sized Cars, €2.02B

In 2020 the top export destinations of Galicia were France (€5.1B), Portugal (€2.73B), Italy (€1.76B), United Kingdom (€1.35B), and Germany (€1.07B).

In 2020 the top exports of Galicia were Small Sized Cars (€2.02B), Medium Diesel Engine Cars (€1.18B), Diesel powered trucks weighing < 5... (€1.02B), Small Diesel Engine Cars (€894M), and Motor vehicle parts nes (€821M).

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Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): France, €4.52B

Top Import (2020): Motor vehicle parts nes, €3.02B

In 2020 the top import origins of Galicia were France (€4.52B), Portugal (€1.7B), China (€1.19B), Morocco (€734M), and Italy (€702M).

In 2020 the top imports of Galicia were Motor vehicle parts nes (€3.02B), Petroleum oils, oils from bituminous minerals,... (€1.04B), Molluscs; cuttle fish and squid, whether... (€485M), Tuna, skipjack, bonito, prepared/preserved, not mince (€452M), and Small Sized Cars (€434M).

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Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of Spain

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Galicia ranks 15th out of the 18 autonomous communities in Spain according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Galicia it is in position 15th considering its ECI in the last year.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Galicia already has a comparative advantage, are led by Non-Knit Men's Undergarments (0.28), Knit Men's Undergarments (0.28), Packing Bags (0.26), Knit Socks and Hosiery (0.25), and Marble, Travertine and Alabaster (0.25).

Most Complex Products by PCI

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The highest complexity exports of Galicia according to the product complexity index (PCI) are Vehicle Parts (1.12), Artificial Graphite (1.08), Pig Meat (0.81), Large Flat-Rolled Iron (0.6), and Electric Motor Parts (0.55). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Slate (263), Fishing Ships (74.7), Molluscs (41.8), Quartz (31.6), and Processed Fish (28.5).

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.

Relatedness Space

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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.

Diversification Frontier

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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.