Burgos

Province in Castile and LeΓ³n, Autonomous Community in Spain

2019
Economic
Complexity
: 0.076, Rank 7 of 49

Jan 2021
Trade
Exports | Imports
: €222M | €155M, 23 of 53 | 25 of 53

Jan 2021
Country
Destination | Origin
: France | France , €48.8M  | €32.3M

Jan 2021
Product
Exports | Imports
: Rubber Tires | Coated Flat-Rolled Iron , €23M  | €10.8M

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

Exports: In 2020, Spain's Burgos exported €3.11B, making it the 22nd largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Burgos were Medicaments nes, in dosage (€327M), Adrenal cortical hormones, in dosage (€236M), Lead-acid electric accumulators (vehicle) (€235M), Commodities not specified according to kind (€232M), and Pneumatic tyres new of rubber for... (€229M).

Imports: In 2020, Spain's Burgos imported €1.9B, making it the 25th largest importer out of the 52 importers in Spain. In 2020 top imports of Burgos were Organo-sulphur compounds, nes (€125M), Medicaments nes, in dosage (€106M), Crustaceans: frozen, shrimps and prawns, excluding... (€86.4M), Flat rolled iron or non-alloy steel,... (€60.1M), and Motor vehicle parts nes (€52.6M).

Economic Complexity: In 2019, the highest complexity exports of Burgos according to the product complexity index (PCI) are Metal Molds (1.52), Metalworking Machine Parts (1.43), Valves (1.34), Other Heating Machinery (1.27), and Refractory Ceramics (1.2). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between Burgos's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Spain's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): France, €595M

Top Product (2020): Medicaments nes, in dosage, €327M

In 2020 the top export destinations of Burgos were France (€595M), Germany (€210M), Portugal (€209M), China (€208M), and Italy (€162M).

In 2020 the top exports of Burgos were Medicaments nes, in dosage (€327M), Adrenal cortical hormones, in dosage (€236M), Lead-acid electric accumulators (vehicle) (€235M), Commodities not specified according to kind (€232M), and Pneumatic tyres new of rubber for... (€229M).

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Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): France, €397M

Top Import (2020): Organo-sulphur compounds, nes, €125M

In 2020 the top import origins of Burgos were France (€397M), Germany (€233M), Italy (€165M), United Kingdom (€165M), and Portugal (€105M).

In 2020 the top imports of Burgos were Organo-sulphur compounds, nes (€125M), Medicaments nes, in dosage (€106M), Crustaceans: frozen, shrimps and prawns, excluding... (€86.4M), Flat rolled iron or non-alloy steel,... (€60.1M), and Motor vehicle parts nes (€52.6M).

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Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of Spain

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Burgos ranks 7th 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 7th 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), Rapeseed (0.15), Bovine (0.15), Other Prepared Meat (0.15), and Cleaning Products (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 Metal Molds (1.52), Metalworking Machine Parts (1.43), Valves (1.34), Other Heating Machinery (1.27), and Refractory Ceramics (1.2). 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 Drilling Machines (99.8), Hair Products (99.4), Explosive Ammunition (89.6), Prepared Explosives (73.1), and Sheep Hides (57.3).

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 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.