Burgos

Province in Castilla y León, Autonomous Community in Spain

Exports (2019): €3.03B, Rnk 23/52

Top Destination (2019): €611M, France

Top Export (2019): €307M, Medicaments nes, in dosage

Imports (2019): €2.27B, Rnk 24/52

Top Origin (2019): €443M, France

Top Import (2019): €113M, Organo-sulphur compounds, nes

Economic Complexity (2019): 0.08, Rnk 8 / 52

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

Exports: In 2019, Spain's Burgos exported €3.03B, making it the 23rd largest exporter out of the 52 exporters in Spain. In 2019 the top exports of Burgos were Medicaments nes, in dosage (€307M), Pneumatic tyres new of rubber for... (€246M), Commodities not specified according to kind (€192M), Hair preparations, nes (€176M), and Lead-acid electric accumulators (vehicle) (€154M).

Imports: In 2019, Spain's Burgos imported €2.27B, making it the 24th largest importer out of the 52 importers in Spain. In 2019 top imports of Burgos were Organo-sulphur compounds, nes (€113M), Medicaments nes, in dosage (€107M), Crustaceans: frozen, shrimps and prawns, excluding... (€82.1M), Flat rolled iron or non-alloy steel,... (€64.5M), and Stranded steel wire/cable/etc, no electric insulation (€62.3M).

Economic Complexity: In 2019, the highest complexity exports of Burgos according to the product complexity index (PCI) are Metalworking Machine Parts (1.53), Valves (1.48), Metal Molds (1.4), Other Heating Machinery (1.36), and Drilling Machines (1.32). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
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Top Destination (2019): France, €611M

Top Product (2019): Medicaments nes, in dosage, €307M

In 2019 the top export destinations of Burgos were France (€611M), Portugal (€253M), Germany (€248M), United Kingdom (€166M), and Italy (€155M).

In 2019 the top exports of Burgos were Medicaments nes, in dosage (€307M), Pneumatic tyres new of rubber for... (€246M), Commodities not specified according to kind (€192M), Hair preparations, nes (€176M), and Lead-acid electric accumulators (vehicle) (€154M).

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Yearly Imports

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Top Origin (2019): France, €443M

Top Import (2019): Organo-sulphur compounds, nes, €113M

In 2019 the top import origins of Burgos were France (€443M), Germany (€292M), Italy (€210M), United Kingdom (€160M), and Netherlands (€151M).

In 2019 the top imports of Burgos were Organo-sulphur compounds, nes (€113M), Medicaments nes, in dosage (€107M), Crustaceans: frozen, shrimps and prawns, excluding... (€82.1M), Flat rolled iron or non-alloy steel,... (€64.5M), and Stranded steel wire/cable/etc, no electric insulation (€62.3M).

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Comparison in Time

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Flow
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This section shows differences between total trade from Burgos throughout time.

This section shows forecasts for total exports and imports from Burgos. 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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Burgos ranks 8th out of the 52 provinces 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. Burgos it is in position 8th 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 Burgos already has a comparative advantage, are led by Sunflower Seeds (0.15), Bovine (0.15), Central Heating Boilers (0.15), Other Prepared Meat (0.15), and Plastic Building Materials (0.15).

Most Complex Products by PCI

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The highest complexity exports of Burgos according to the product complexity index (PCI) are Metalworking Machine Parts (1.53), Valves (1.48), Metal Molds (1.4), Other Heating Machinery (1.36), and Drilling Machines (1.32). 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 Explosive Ammunition (112), Hair Products (98.7), Drilling Machines (97.7), Prepared Explosives (75), and Animal Fat (58.8).

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