Galicia

Autonomous Community in Spain

Exports (2019): €22.2B, Rnk 6 / 18

Top Destination (2019): €4.24B, France

Top Export (2019): €1.33B, Diesel powered trucks weighing < 5...

Imports (2019): €19.8B, Rnk 6 / 18

Top Origin (2019): €5.31B, France

Top Import (2019): €3.02B, Motor vehicle parts nes

Economic Complexity (2019): -0.47, Rnk 15 / 18

Exports: In 2019, Spain's Galicia exported €22.2B, making it the 6th largest exporter out of the 18 exporters in Spain.

In 2019 the top exports of Galicia were Diesel powered trucks weighing < 5... (€1.33B), Small Sized Cars (€990M), Small Diesel Engine Cars (€786M), Medium Diesel Engine Cars (€723M), and Motor vehicle parts nes (€657M).

Imports: In 2019, Spain's Galicia imported €19.8B, making it the 6th largest importer out of the 18 importers in Spain.

In 2019 top imports of Galicia were Motor vehicle parts nes (€3.02B), Petroleum oils, oils from bituminous minerals,... (€2.28B), Small Sized Cars (€902M), Molluscs; cuttle fish and squid, whether... (€512M), and Small Diesel Engine Cars (€496M).

Economic Complexity: In 2019, the highest complexity exports of Galicia according to the product complexity index (PCI) are Motor-working Tools (1.56), Transmissions (1.49), Other Paper Machinery (1.38), Other Heating Machinery (1.36), and Artificial Graphite (1.16). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Value
Depth

Top Destination (2019): France, €4.24B

Top Product (2019): Diesel powered trucks weighing < 5..., €1.33B

In 2019 the top export destinations of Galicia were France (€4.24B), Portugal (€3.19B), Italy (€1.97B), United Kingdom (€1.5B), and Germany (€1.22B).

In 2019 the top exports of Galicia were Diesel powered trucks weighing < 5... (€1.33B), Small Sized Cars (€990M), Small Diesel Engine Cars (€786M), Medium Diesel Engine Cars (€723M), and Motor vehicle parts nes (€657M).

Export Dynamics

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Fastest Growing Exports Destination (February 2019 - February 2020)

Rapidly Declining Export Origins (February 2019 - February 2020)

Value
Depth

Top Origin (2019): France, €5.31B

Top Import (2019): Motor vehicle parts nes, €3.02B

In 2019 the top import origins of Galicia were France (€5.31B), Portugal (€1.82B), China (€980M), Libya (€804M), and Italy (€790M).

In 2019 the top imports of Galicia were Motor vehicle parts nes (€3.02B), Petroleum oils, oils from bituminous minerals,... (€2.28B), Small Sized Cars (€902M), Molluscs; cuttle fish and squid, whether... (€512M), and Small Diesel Engine Cars (€496M).

Import Dynamics

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Fastest Growing Import Origins (February 2019 - February 2020)

Rapidly Declining Import Origins (February 2019 - February 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from Galicia throughout time.

Comparison Map

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Value

The autonomous communities of Spain with the highest exports in 2019 were Cataluña (€73.9B), Andalucía (€31.7B), Comunidad De Madrid (€31.2B), Comunidad Valenciana (€31.2B), and País Vasco (€25.4B)

The autonomous communities of Spain with the highest imports in 2019 were Cataluña (€92.4B), Comunidad De Madrid (€64.4B), Andalucía (€30.6B), Comunidad Valenciana (€28.4B), and País Vasco (€20.1B)

This section shows a prediction for total exports and imports from Galicia. The Prediction is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Predictions

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.

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.

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 Knit Men's Undergarments (0.26), Knit Socks and Hosiery (0.24), Perfume Plants (0.24), Marble, Travertine and Alabaster (0.23), and Footwear Parts (0.23).

Most Complex Products by PCI

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The highest complexity exports of Galicia according to the product complexity index (PCI) are Motor-working Tools (1.56), Transmissions (1.49), Other Paper Machinery (1.38), Other Heating Machinery (1.36), and Artificial Graphite (1.16). 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 (251), Fishing Ships (82.7), Molluscs (38.2), Carbon-based Electronics (30.8), and Processed Fish (29.9).

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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Filter
Depth

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.