València is the capital of the autonomous community of Valencia and the third-largest city in Spain after Madrid and Barcelona, surpassing 800,000 inhabitants in the municipality. The wider urban area also comprising the neighbouring municipalities has a population of around 1.6 million.
The Port of Valencia is the 5th-busiest container port in Europe and the busiest container port on the Mediterranean Sea. The city is ranked as a Gamma-level global city by the Globalization and World Cities Research Network. The city is situated on the banks of the Turia, on the east coast of the Iberian Peninsula, fronting the Gulf of Valencia on the Mediterranean Sea. Its historic centre is one of the largest in Spain, with approximately 169 ha.
The city’s economy is service-oriented, as nearly 84% of the working population is employed in service sector occupations. However, the city still maintains an important industrial base, with 8.5% of the population employed in this sector. Growth has recently improved in the manufacturing sector, mainly automobile assembly. Agricultural activities are still carried on in the municipality, even though of relatively minor importance with only 1.9% of the working population and 3,973 ha.
Valencia’s port is the biggest on the Mediterranean western coast, the first of Spain in container traffic as of 2008 and the second of Spain in total traffic, handling 20% of Spain’s exports. The main exports are foodstuffs and beverages.
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