León | The Observatory of Economic Complexity

León

Province in Castile and León, Autonomous Community in Spain

2023
Economic
Complexity -0.25Rank 32 of 49

Jan 2024
Trade
Exports | Imports €117M | €114M40 of 53 | 35 of 53

Jan 2024
Country
Destination | Origin Portugal | Japan €43M | €27.1M

Image 1

Image by Daniel Lombraña González
Link: https://flic.kr/p/99aMsb

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for León. In January 2024 León was the number 35 in total exports and the number 39 in total imports in Spain.

Exports In 2023, Spain's León exported €1.65B, making it the 35th largest exporter out of the 52 exporters in Spain. In 2023 the top exports of León were Electric conductors, nes < 80 volts,... (€178M), Worked slate, articles of slate or... (€99.7M), Parts of hydraulic/pneumatic/other power engines (€76.4M), Fresh Unfermented Cheese (€74.6M), and Other Frozen Pork Cuts (€69.9M).

Imports In 2023, Spain's León imported €1.01B, making it the 39th largest importer out of the 52 importers in Spain. In 2023 top imports of León were Iron/Steel Sheets: Thin, Hot-Rolled, Wide Coils (€34.3M), Cereals: barley, other than seed (€32.8M), Potatoes (Non-seed) (Fresh/Chilled) (€32.4M), Lentils Dried and Shelled (€31.1M), and Chickpeas Dried and Shelled (€30.3M).

Economic Complexity In 2023, the highest complexity exports of León according to the product complexity index (PCI) are Worked Slate (-0.021), Bitumen and asphalt (N/A), Non-Mechanical Removal Machinery (1.9), Other Stainless Steel Bars (1.51), Pig Meat (0.66), Other Engines (0.63), Insulating Glass (0.51), Animal Fat (0.44), Aluminium Plating (0.43), and Explosive Ammunition (0.42). 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 León exported €117M and imported €114M, resulting in a positive trade balance of €3.08M. Between January 2023 and January 2024 the exports of León have decreased by $-27.3M (-18.9%) from €145M to €117M, while imports increased by €41.7M (57.4%) from €72.6M to €114M.

Trade In January 2024, the top exports of León were Insulated Wire (€13.9M), Pig Meat (€9.14M), Worked Slate (€7.58M), Cheese (€7.49M), and Aluminium Plating (€3.13M). In January 2024 the top imports of León were Hot-Rolled Iron (€27M), Dried Legumes (€11.4M), Cold-Rolled Iron (€6.78M), Potatoes (€4.59M), and Large Construction Vehicles (€2.34M).

Destinations In January 2024, León exported mostly to Portugal (€43M), France (€23M), Italy (€10.2M), Germany (€4.8M), and Netherlands (€4.57M), and imported mostly from Japan (€27.1M), France (€12.7M), Germany (€9M), Turkey (€7.67M), and Portugal (€7.22M).

Growth In January 2024, the decrease in León's year-by-year exports was explained primarily by an decrease in exports to South Korea (€-1.77M or -40.4%), United Kingdom (€-1.44M or -31%), and China (€-515k or -17%), and product exports decrease in Fuel Wood (€-2.9M or -98.1%), Plywood (€-2.23M or -38.8%), and Other Stainless Steel Bars (€-1.72M or -69.1%). In January 2024, the increase in León's year-by-year imports was explained primarily by an increase in imports from France (€3.03M or 37.3%), Canada (€2.46M or 157%), and Germany (€1.76M or 32.1%), and product imports increase in Dried Legumes (€1.53M or 19.9%), Large Construction Vehicles (€1.5M or 64.8%), and Potatoes (€1.07M or 58.8%).

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)€-27.3M(-18.9%)

IMPORT GROWTH (January 2023 - January 2024)€41.7M(57.4%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)Portugal€503M

Top Product (2023)Electric conductors, nes < 80 volts,...€178M

In 2023 the top export destinations of León were Portugal (€503M), France (€328M), Italy (€139M), United States (€116M), and Germany (€72.5M).

In 2023 the top exports of León were Electric conductors, nes < 80 volts,... (€178M), Worked slate, articles of slate or... (€99.7M), Parts of hydraulic/pneumatic/other power engines (€76.4M), Fresh Unfermented Cheese (€74.6M), and Other Frozen Pork Cuts (€69.9M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

Portugal €11.9M (38.1%)

United Kingdom €1.26M (39.4%)

South Korea €1.13M (43.1%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

United States -€7.46M (-67.1%)

Brazil -€6.31M (-92.8%)

France -€3.73M (-13.9%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)France€151M

Top Import (2023)Iron/Steel Sheets: Thin, Hot-Rolled, Wide Coils€34.3M

In 2023 the top import origins of León were France (€151M), Germany (€125M), Portugal (€115M), Netherlands (€68.5M), and United States (€67.3M).

In 2023 the top imports of León were Iron/Steel Sheets: Thin, Hot-Rolled, Wide Coils (€34.3M), Cereals: barley, other than seed (€32.8M), Potatoes (Non-seed) (Fresh/Chilled) (€32.4M), Lentils Dried and Shelled (€31.1M), and Chickpeas Dried and Shelled (€30.3M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Japan €26.4M (3.61k%)

Turkey €6.29M (456%)

Italy €2.25M (54.9%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

China -€1.48M (-22.2%)

Luxembourg -€679k (-75.4%)

Mexico -€412k (-23.7%)

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Economic Complexity

Economic Complexity of León

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Geomap

Treemap

Economic Complexity (2023)-0.25

León ranks 32nd 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. León it is in position 32nd 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 León already has a comparative advantage, are led by Legumes (0.24), Other Vegetables (0.24), Knit Women's Shirts (0.24), Packing Bags (0.23), and Knit Women's Suits (0.23).

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Most Complex Products by PCI

The highest complexity exports of León according to the product complexity index (PCI) are Worked Slate (-0.021), Bitumen and asphalt (N/A), Non-Mechanical Removal Machinery (1.9), Other Stainless Steel Bars (1.51), Pig Meat (0.66), Other Engines (0.63), Insulating Glass (0.51), Animal Fat (0.44), Aluminium Plating (0.43), and Explosive Ammunition (0.42). 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 Worked Slate (1739.38), Bitumen and asphalt (239.72), Insulating Glass (231.89), Vegetable or Animal Dyes (203.73), and Sheep and Goats (137.39).

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