País Vasco

Autonomous Community in Spain

Exports (2019): €25.4B, Rnk 5/18

Top Destination (2019): €3.92B, France

Top Export (2019): €2.05B, Medium Diesel Engine Cars

Imports (2019): €20.1B, Rnk 5/18

Top Origin (2019): €3.01B, Germany

Top Import (2019): €3.8B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): 0.37, Rnk 1 / 18

Overview: This page contains the latest international trade data for País Vasco, including export and import data.

Exports: In 2019, Spain's País Vasco exported €25.4B, making it the 5th largest exporter out of the 18 exporters in Spain. In 2019 the top exports of País Vasco were Medium Diesel Engine Cars (€2.05B), Diesel powered trucks weighing < 5... (€1.24B), Petroleum spirit for motor vehicles (€853M), Motor vehicle parts nes (€814M), and Self-propelled railway cars except external electric (€713M).

Imports: In 2019, Spain's País Vasco imported €20.1B, making it the 5th largest importer out of the 18 importers in Spain. In 2019 top imports of País Vasco were Petroleum oils, oils from bituminous minerals,... (€3.8B), Natural gas, liquefied (€953M), Light petroleum distillates nes (€569M), Engines, diesel, for motor vehicles (€552M), and Chemical products, mixtures and preparations; n.e.c.... (€340M).

Economic Complexity: In 2019, the highest complexity exports of País Vasco according to the product complexity index (PCI) are Metalworking Transfer Machines (2.43), Non-Mechanical Removal Machinery (2.04), Metal Lathes (1.86), Hot-Rolled Stainless Steel Bars (1.78), and Glass with Edge Workings (1.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): France, €3.92B

Top Product (2019): Medium Diesel Engine Cars, €2.05B

In 2019 the top export destinations of País Vasco were France (€3.92B), Germany (€3.84B), United Kingdom (€2.32B), United States (€1.79B), and Belgium (€1.22B).

In 2019 the top exports of País Vasco were Medium Diesel Engine Cars (€2.05B), Diesel powered trucks weighing < 5... (€1.24B), Petroleum spirit for motor vehicles (€853M), Motor vehicle parts nes (€814M), and Self-propelled railway cars except external electric (€713M).

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Yearly Imports

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Top Origin (2019): Germany, €3.01B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., €3.8B

In 2019 the top import origins of País Vasco were Germany (€3.01B), France (€1.77B), China (€1.33B), Russia (€1.14B), and Italy (€958M).

In 2019 the top imports of País Vasco were Petroleum oils, oils from bituminous minerals,... (€3.8B), Natural gas, liquefied (€953M), Light petroleum distillates nes (€569M), Engines, diesel, for motor vehicles (€552M), and Chemical products, mixtures and preparations; n.e.c.... (€340M).

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Comparison in Time

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This section shows differences between total trade from País Vasco throughout time.

This section shows forecasts for total exports and imports from País Vasco. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Spain

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País Vasco ranks 1st out of the 18 autonomous communities in Spain according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. País Vasco it is in position 1st considering its ECI in the last year.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were País Vasco already has a comparative advantage, are led by Electric Soldering Equipment (0.3), Electrical Lighting and Signalling Equipment (0.29), Vegetable Parchment (0.29), Rolling Machines (0.28), and Vehicle Bodies (0.28).

Most Complex Products by PCI

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The highest complexity exports of País Vasco according to the product complexity index (PCI) are Metalworking Transfer Machines (2.43), Non-Mechanical Removal Machinery (2.04), Metal Lathes (1.86), Hot-Rolled Stainless Steel Bars (1.78), and Glass with Edge Workings (1.78). 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 Self-Propelled Rail Transport (119), Fishing Ships (46.1), Other Stainless Steel Bars (26.6), Iron Blocks (25.6), and Stainless Steel Ingots (23.3).

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