La Rioja | The Observatory of Economic Complexity

La Rioja

Province in La Rioja, Autonomous Community in Spain

2023
Economic
Complexity -0.11Rank 18 of 49

Jan 2024
Trade
Exports | Imports €183M | €117M33 of 53 | 33 of 53

Jan 2024
Country
Destination | Origin France | France €37.3M | €17.2M

Image 1

Image by Miguel Ángel García.
Link: https://flic.kr/p/sqSFvK

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for La Rioja. In January 2024 La Rioja was the number 33 in total exports and the number 30 in total imports in Spain.

Exports In 2023, Spain's La Rioja exported €2.08B, making it the 33rd largest exporter out of the 52 exporters in Spain. In 2023 the top exports of La Rioja were Grape wines nes, fortified wine or... (€272M), Stoppers, caps, lids, packing items nes... (€107M), Aircraft parts (excl. propellers/rotors, undercarriages) (€107M), Cans, iron/steel, capacity <50l closed by... (€89M), and Plywood; with sheets of wood only;... (€84M).

Imports In 2023, Spain's La Rioja imported €1.71B, making it the 30th largest importer out of the 52 importers in Spain. In 2023 top imports of La Rioja were Aluminium alloy rectangular plate/sheet/strip,t >0.2m (€148M), Cigarettes containing tobacco (€114M), Flat rolled iron or non-alloy steel,... (€80.3M), Other Motor vehicle parts (€75.4M), and Glass containers nes for packing or... (€57.7M).

Economic Complexity In 2023, the highest complexity exports of La Rioja according to the product complexity index (PCI) are Iron Fasteners (1.79), Forging Machines (1.49), Stone Working Machines (1.15), Prepared Rubber Accelerators (1.1), Other Hand Tools (1.04), Compounded Unvulcanised Rubber (0.9), Rubber Sheets (0.86), Non-woven Textiles (0.75), Other Rubber Products (0.73), and Felt (0.69). 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 La Rioja exported €183M and imported €117M, resulting in a positive trade balance of €66.1M. Between January 2023 and January 2024 the exports of La Rioja have decreased by $-6.57M (-3.46%) from €190M to €183M, while imports decreased by €-30.9M (-20.9%) from €148M to €117M.

Trade In January 2024, the top exports of La Rioja were Wine (€24.1M), Metal Stoppers (€10.6M), Biodiesel and mixtures thereof (€9.67M), Plywood (€9.35M), and Leather Footwear (€8.23M). In January 2024 the top imports of La Rioja were Motor vehicles; parts and accessories (8701... (€9.1M), Aluminium Plating (€7.71M), Rolled Tobacco (€7.04M), Other Processed Vegetables (€4.07M), and Footwear Parts (€4.07M).

Destinations In January 2024, La Rioja exported mostly to France (€37.3M), Portugal (€23.5M), Germany (€21M), Netherlands (€12.9M), and United Kingdom (€11.3M), and imported mostly from France (€17.2M), Germany (€15.6M), China (€10.6M), Poland (€10.3M), and Portugal (€8.48M).

Growth In January 2024, the decrease in La Rioja's year-by-year exports was explained primarily by an decrease in exports to United States (€-3.05M or -32.1%), South Korea (€-518k or -14.6%), and Mali (€-348k or -81.6%), and product exports decrease in Plywood (€-2.37M or -27.1%), Pig Meat (€-1.74M or -36.6%), and Aluminium Cans (€-434k or -44.4%). In January 2024, the decrease in La Rioja's year-by-year imports was explained primarily by an decrease in imports from Germany (€-6M or -29.7%), United States (€-4.96M or -59%), and Switzerland (€-1.05M or -89.7%), and product imports decrease in Forging Machines (€-6.14M or -100%), Glaziers Putty (€-2.92M or -93.8%), and Iron Fasteners (€-1.73M or -32.9%).

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)€-6.57M(-3.46%)

IMPORT GROWTH (January 2023 - January 2024)€-30.9M(-20.9%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)France€489M

Top Product (2023)Grape wines nes, fortified wine or...€272M

In 2023 the top export destinations of La Rioja were France (€489M), Portugal (€270M), Germany (€263M), United Kingdom (€136M), and Italy (€129M).

In 2023 the top exports of La Rioja were Grape wines nes, fortified wine or... (€272M), Stoppers, caps, lids, packing items nes... (€107M), Aircraft parts (excl. propellers/rotors, undercarriages) (€107M), Cans, iron/steel, capacity <50l closed by... (€89M), and Plywood; with sheets of wood only;... (€84M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Netherlands €5.83M (82.1%)

Belgium €2.98M (70.3%)

United States €2.82M (43.7%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Czechia -€5.47M (-80.4%)

Mexico -€4.53M (-56.8%)

Italy -€4.33M (-37.5%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)China€230M

Top Import (2023)Aluminium alloy rectangular plate/sheet/strip,t >0.2m€148M

In 2023 the top import origins of La Rioja were China (€230M), Germany (€217M), France (€199M), Poland (€173M), and Portugal (€144M).

In 2023 the top imports of La Rioja were Aluminium alloy rectangular plate/sheet/strip,t >0.2m (€148M), Cigarettes containing tobacco (€114M), Flat rolled iron or non-alloy steel,... (€80.3M), Other Motor vehicle parts (€75.4M), and Glass containers nes for packing or... (€57.7M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Germany €1.37M (9.68%)

Morocco €1.31M (25.5%)

Iceland €977k (114%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

China -€20M (-65.4%)

United Kingdom -€2.87M (-67.9%)

Poland -€2.65M (-20.5%)

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Economic Complexity

Economic Complexity of La Rioja

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Geomap

Treemap

Economic Complexity (2023)-0.11

La Rioja ranks 18th 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. La Rioja it is in position 18th 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 La Rioja already has a comparative advantage, are led by Toilet Paper (0.17), Flavored Water (0.17), Ice Cream (0.17), Jams (0.17), and Soap (0.17).

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Most Complex Products by PCI

The highest complexity exports of La Rioja according to the product complexity index (PCI) are Iron Fasteners (1.79), Forging Machines (1.49), Stone Working Machines (1.15), Prepared Rubber Accelerators (1.1), Other Hand Tools (1.04), Compounded Unvulcanised Rubber (0.9), Rubber Sheets (0.86), Non-woven Textiles (0.75), Other Rubber Products (0.73), and Felt (0.69). 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 Processed Mushrooms (339.03), Leather of Other Animals (133.60), Wood Barrels (119.55), Small Iron Containers (114.88), and Metal Stoppers (108.32).

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