Segovia | The Observatory of Economic Complexity

Segovia

Province in Castile and León, Autonomous Community in Spain

2023
Economic
Complexity -0.22Rank 27 of 49

Jan 2024
Trade
Exports | Imports €57.6M | €35.4M46 of 53 | 49 of 53

Jan 2024
Country
Destination | Origin France | Germany €16.8M | €7.53M

Image 1

Image by manuel m. v.
Link: https://flic.kr/p/2i1n5UE

Latest Trends
Historical Data
Economic Complexity

About

Overview This page contains the latest international trade data for Segovia. In January 2024 Segovia was the number 44 in total exports and the number 46 in total imports in Spain.

Exports In 2023, Spain's Segovia exported €664M, making it the 44th largest exporter out of the 52 exporters in Spain. In 2023 the top exports of Segovia were Sanitary towels (pads) and tampons, napkins... (€235M), Whiskies (€55.6M), Other live plants (€55.3M), Electrical insulators of glass (€40.1M), and Glass containers nes for packing or... (€37.6M).

Imports In 2023, Spain's Segovia imported €351M, making it the 46th largest importer out of the 52 importers in Spain. In 2023 top imports of Segovia were Boring or sinking machinery nes, not... (€54.4M), Sanitary towels (pads) and tampons, napkins... (€44.5M), Other acrylic polymers (€32.4M), Chem wood pulp, soda or sulphate,... (€25.3M), and Nonwovens, weighing not more than 25g/m2 (€14.9M).

Economic Complexity In 2023, the highest complexity exports of Segovia according to the product complexity index (PCI) are Electrical Insulators (0.82), Rosin (N/A), Aluminium Pipe Fittings (N/A), Trailers and semi-trailers, not mechanically propelled... (0.83), Rubber Pipes (0.82), Explosive Ammunition (0.42), Pigs (0.42), Preserved Meat (0.26), Sausages (0.16), and Candles (0.11). 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 Segovia exported €57.6M and imported €35.4M, resulting in a positive trade balance of €22.1M. Between January 2023 and January 2024 the exports of Segovia have increased by $2.88M (5.27%) from €54.7M to €57.6M, while imports decreased by €-5.5M (-13.4%) from €40.9M to €35.4M.

Trade In January 2024, the top exports of Segovia were Sanitary towels (pads) (€22.2M), Hard Liquor (€6.71M), Glass Bottles (€3.67M), Rosin (€2.82M), and Other Processed Vegetables (€2.75M). In January 2024 the top imports of Segovia were Other Construction Vehicles (€5.21M), Sanitary towels (pads) (€5.14M), Acrylic Polymers (€4.03M), Non-woven Textiles (€3.15M), and Sulfate Chemical Woodpulp (€2.02M).

Destinations In January 2024, Segovia exported mostly to France (€16.8M), Portugal (€7.9M), Germany (€4.36M), Italy (€4.16M), and Poland (€3.72M), and imported mostly from Germany (€7.53M), Belgium (€5.76M), Italy (€4.12M), Czechia (€3.48M), and France (€2.89M).

Growth In January 2024, the increase in Segovia's year-by-year exports was explained primarily by an increase in exports to France (€4.07M or 34.6%), Belgium (€3.64M or 147%), and Portugal (€2.16M or 43.4%), and product exports increase in Sanitary towels (pads) (€11.6M or 113%), Other Processed Vegetables (€1.24M or 117%), and Glass Bottles (€735k or 33.5%). In January 2024, the decrease in Segovia's year-by-year imports was explained primarily by an decrease in imports from France (€-1.05M or -27.2%), Taiwan (€-332k or -82%), and United Arab Emirates (€-289k or -80%), and product imports decrease in Pesticides (€-331k or -99.9%), Aluminium Bars (€-326k or -99.9%), and Liquid Dispersing Machines (€-247k or -67.9%).

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)€2.88M(5.27%)

IMPORT GROWTH (January 2023 - January 2024)€-5.5M(-13.4%)

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

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Historical Data

Yearly Exports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Destination (2023)France€198M

Top Product (2023)Sanitary towels (pads) and tampons, napkins...€235M

In 2023 the top export destinations of Segovia were France (€198M), Portugal (€73.2M), Belgium (€51.5M), Germany (€50.4M), and Italy (€49.4M).

In 2023 the top exports of Segovia were Sanitary towels (pads) and tampons, napkins... (€235M), Whiskies (€55.6M), Other live plants (€55.3M), Electrical insulators of glass (€40.1M), and Glass containers nes for packing or... (€37.6M).

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Exports Dynamics

Starting Date

Ending Date

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)

United Kingdom €1.71M (184%)

Germany €1.63M (59.6%)

France €983k (6.22%)

Rapidly Declining Export Origins (Jan 2023 - Jan 2024)

Belgium -€2.88M (-47.2%)

Chile -€485k (-97.6%)

Greece -€460k (-65.5%)

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Yearly Imports

Color

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

Year

Top Origin (2023)Italy€69.8M

Top Import (2023)Boring or sinking machinery nes, not...€54.4M

In 2023 the top import origins of Segovia were Italy (€69.8M), Germany (€67.9M), Belgium (€58.2M), France (€36.6M), and United States (€29.1M).

In 2023 the top imports of Segovia were Boring or sinking machinery nes, not... (€54.4M), Sanitary towels (pads) and tampons, napkins... (€44.5M), Other acrylic polymers (€32.4M), Chem wood pulp, soda or sulphate,... (€25.3M), and Nonwovens, weighing not more than 25g/m2 (€14.9M).

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Imports Dynamics

Starting Date

Ending Date

Fastest Growing Import Origins (Jan 2023 - Jan 2024)

Germany €2.08M (38.2%)

Czechia €1.45M (71.3%)

Poland €771k (111%)

Rapidly Declining Import Origins (Jan 2023 - Jan 2024)

United Kingdom -€4.89M (-96.7%)

Italy -€4.22M (-50.6%)

Belgium -€1.08M (-15.7%)

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Economic Complexity

Economic Complexity of Segovia

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Geomap

Treemap

Economic Complexity (2023)-0.22

Segovia ranks 27th 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. Segovia it is in position 27th 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 Segovia already has a comparative advantage, are led by Prepared Cereals (0.1), Fruit Juice (0.1), Pickled Foods (0.1), Melons (0.1), and Beer (0.1).

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Most Complex Products by PCI

The highest complexity exports of Segovia according to the product complexity index (PCI) are Electrical Insulators (0.82), Rosin (N/A), Aluminium Pipe Fittings (N/A), Trailers and semi-trailers, not mechanically propelled... (0.83), Rubber Pipes (0.82), Explosive Ammunition (0.42), Pigs (0.42), Preserved Meat (0.26), Sausages (0.16), and Candles (0.11). 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 Electrical Insulators (458.75), Rosin (421.29), Aluminium Pipe Fittings (175.90), Other live plants, cuttings and slips; mushroom... (139.85), and Root Vegetables (99.83).

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