Guipúzcoa

Province in Basque Country, Autonomous Community in Spain

2019
Economic
Complexity
: 0.44, Rank 1 of 49

Jan 2021
Trade
Exports | Imports
: €502M | €313M, 15 of 53 | 18 of 53

Jan 2021
Country
Destination | Origin
: France | France , €101M  | €64.4M

Jan 2021
Product
Exports | Imports
: Vehicle Parts | Scrap Iron , €56.5M  | €16.2M

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

Exports: In 2020, Spain's Guipúzcoa exported €6.93B, making it the 12th largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Guipúzcoa were Self-propelled railway cars, external electric power (€284M), Motor vehicle parts nes (€284M), Railway rolling stock parts nes (€242M), Taps, cocks, valves and similar appliances,... (€213M), and Sections, I, iron or non-alloy steel,... (€189M).

Imports: In 2020, Spain's Guipúzcoa imported €3.6B, making it the 19th largest importer out of the 52 importers in Spain. In 2020 top imports of Guipúzcoa were Railway rolling stock parts nes (€124M), Chem wood pulp, soda or sulphate,... (€87M), Wire of refined copper > 6mm... (€79.7M), Ferrous waste or scrap, nes (€68M), and Fish: fresh or chilled, hake (Merluccius... (€49M).

Economic Complexity: In 2019, the highest complexity exports of Guipúzcoa according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Metal Lathes (1.88), Metalworking Machines (1.82), Iron Fasteners (1.81), and Metal Finishing Machines (1.76). 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 Guipúzcoa'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, €1.13B

Top Product (2020): Self-propelled railway cars, external electric power, €284M

In 2020 the top export destinations of Guipúzcoa were France (€1.13B), Germany (€737M), United Kingdom (€601M), United States (€389M), and Italy (€371M).

In 2020 the top exports of Guipúzcoa were Self-propelled railway cars, external electric power (€284M), Motor vehicle parts nes (€284M), Railway rolling stock parts nes (€242M), Taps, cocks, valves and similar appliances,... (€213M), and Sections, I, iron or non-alloy steel,... (€189M).

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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, €677M

Top Import (2020): Railway rolling stock parts nes, €124M

In 2020 the top import origins of Guipúzcoa were France (€677M), Germany (€616M), China (€389M), Italy (€316M), and Sweden (€196M).

In 2020 the top imports of Guipúzcoa were Railway rolling stock parts nes (€124M), Chem wood pulp, soda or sulphate,... (€87M), Wire of refined copper > 6mm... (€79.7M), Ferrous waste or scrap, nes (€68M), and Fish: fresh or chilled, hake (Merluccius... (€49M).

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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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Guipúzcoa ranks 1st 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. Guipúzcoa 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 Guipúzcoa already has a comparative advantage, are led by Rolling Machines (0.25), Electric Soldering Equipment (0.25), Rubberworking Machinery (0.24), Other Stainless Steel Bars (0.24), and Iron Springs (0.24).

Most Complex Products by PCI

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The highest complexity exports of Guipúzcoa according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Metal Lathes (1.88), Metalworking Machines (1.82), Iron Fasteners (1.81), and Metal Finishing Machines (1.76). 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 (360), Iron Blocks (70.3), Drilling Machines (61.2), Other Firearms (36.8), and Locomotive Parts (31.1).

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