Guipúzcoa

Province in País Vasco, Autonomous Community in Spain

Exports (2019): €8.52B, Rnk 11/52

Top Destination (2019): €1.35B, France

Top Export (2019): €713M, Self-propelled railway cars except external electric

Imports (2019): €4.24B, Rnk 18/52

Top Origin (2019): €784M, France

Top Import (2019): €113M, Railway rolling stock parts nes

Economic Complexity (2019): 0.44, Rnk 2 / 52

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

Exports: In 2019, Spain's Guipúzcoa exported €8.52B, making it the 11th largest exporter out of the 52 exporters in Spain. In 2019 the top exports of Guipúzcoa were Self-propelled railway cars except external electric (€713M), Motor vehicle parts nes (€371M), Self-propelled railway cars, external electric power (€344M), Sections, I, iron or non-alloy steel,... (€264M), and Taps, cocks, valves and similar appliances,... (€212M).

Imports: In 2019, Spain's Guipúzcoa imported €4.24B, making it the 18th largest importer out of the 52 importers in Spain. In 2019 top imports of Guipúzcoa were Railway rolling stock parts nes (€113M), Ferrous waste or scrap, nes (€89.6M), Chem wood pulp, soda or sulphate,... (€76M), Fish: fresh or chilled, hake (Merluccius... (€65.3M), and Flat rolled iron or non-alloy steel,... (€63M).

Economic Complexity: In 2019, the highest complexity exports of Guipúzcoa according to the product complexity index (PCI) are Metalworking Transfer Machines (2.43), Metal Lathes (1.86), Wrenches (1.68), Vegetable Parchment (1.64), and Cutting Blades (1.51). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
Depth

Top Destination (2019): France, €1.35B

Top Product (2019): Self-propelled railway cars except external electric, €713M

In 2019 the top export destinations of Guipúzcoa were France (€1.35B), United Kingdom (€1.22B), Germany (€786M), United States (€520M), and Italy (€419M).

In 2019 the top exports of Guipúzcoa were Self-propelled railway cars except external electric (€713M), Motor vehicle parts nes (€371M), Self-propelled railway cars, external electric power (€344M), Sections, I, iron or non-alloy steel,... (€264M), and Taps, cocks, valves and similar appliances,... (€212M).

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Export Dynamics

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Fastest Growing Exports Destination (June 2019 - June 2020)

Rapidly Declining Export Origins (June 2019 - June 2020)

Yearly Imports

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Value
Depth

Top Origin (2019): France, €784M

Top Import (2019): Railway rolling stock parts nes, €113M

In 2019 the top import origins of Guipúzcoa were France (€784M), Germany (€765M), China (€422M), Italy (€366M), and Sweden (€193M).

In 2019 the top imports of Guipúzcoa were Railway rolling stock parts nes (€113M), Ferrous waste or scrap, nes (€89.6M), Chem wood pulp, soda or sulphate,... (€76M), Fish: fresh or chilled, hake (Merluccius... (€65.3M), and Flat rolled iron or non-alloy steel,... (€63M).

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Import Dynamics

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Fastest Growing Import Origins (June 2019 - June 2020)

Rapidly Declining Import Origins (June 2019 - June 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from Guipúzcoa throughout time.

This section shows forecasts for total exports and imports from Guipúzcoa. 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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Guipúzcoa ranks 2nd 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 2nd 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 Electric Soldering Equipment (0.26), Rubberworking Machinery (0.25), Iron Springs (0.24), Rolling Machines (0.24), and Large Flat-Rolled Iron (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 (2.43), Metal Lathes (1.86), Wrenches (1.68), Vegetable Parchment (1.64), and Cutting Blades (1.51). 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 (348), Iron Blocks (71.2), Drilling Machines (59.9), Other Firearms (39.1), and Locomotive Parts (31.4).

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.