Overview: In January 2021 Guipúzcoa exported €502M and imported €313M, resulting in a positive trade balance of €190M. Between January 2020 and January 2021 the exports of Guipúzcoa have decreased by $-104M (-17.2%) from €607M to €502M, while imports decreased by €-23M (-6.84%) from €336M to €313M.
Trade: In January 2021, the top exports of Guipúzcoa were Vehicle Parts (€56.5M), Locomotive Parts (€34.8M), Iron Blocks (€27.8M), Valves (€20.6M), and Insulated Wire (€16.7M). In January 2021 the top imports of Guipúzcoa were Scrap Iron (€16.2M), Locomotive Parts (€12.4M), Sulfate Chemical Woodpulp (€9.82M), Valves (€8.32M), and Vehicle Parts (€8.32M).
Destinations: In January 2021, Guipúzcoa exported mostly to France (€101M), Germany (€62.3M), Italy (€32.2M), Portugal (€24.5M), and United Kingdom (€24.1M), and imported mostly from France (€64.4M), Germany (€57.8M), China (€41.1M), Italy (€25.4M), and Sweden (€17.8M).
Growth: In January 2021, the decrease in Guipúzcoa's year-by-year exports was explained primarily by an decrease in exports to United Kingdom (€-21.6M or -47.3%), Netherlands (€-17.8M or -53.3%), and New Zealand (€-11.4M or -96%), and product exports decrease in Vehicle Parts (€-16.7M or -22.9%), Buses (€-11.2M or -71.1%), and Metal Finishing Machines (€-5.29M or -63.7%). In January 2021, the decrease in Guipúzcoa's year-by-year imports was explained primarily by an decrease in imports from United Kingdom (€-6.87M or -55.6%), Netherlands (€-4.4M or -31.1%), and Belgium (€-3.92M or -37.3%), and product imports decrease in Copper Wire (€-6.2M or -82%), Hot-Rolled Iron (€-4.1M or -56%), and Valves (€-3.96M or -32.2%).