Overview This page contains the latest international trade data for Guipúzcoa. In October 2022 Guipúzcoa was the number 12 in total exports and the number 18 in total imports in Spain.

Exports In 2021, Spain's Guipúzcoa exported €8.15B, making it the 12th largest exporter out of the 52 exporters in Spain. In 2021 the top exports of Guipúzcoa were Sections, I, iron or non-alloy steel,... (€379M), Taps, cocks, valves and similar appliances,... (€249M), Other Motor vehicle parts (€244M), Other Railway rolling stock (€199M), and Maintenance-of-way service vehicles (€195M).

Imports In 2021, Spain's Guipúzcoa imported €4.66B, making it the 18th largest importer out of the 52 importers in Spain. In 2021 top imports of Guipúzcoa were Other Railway rolling stock (€187M), Ferrous waste or scrap, nes (€143M), Chem wood pulp, soda or sulphate,... (€118M), Other Motor vehicle parts (€71.2M), and Flat rolled iron or non-alloy steel,... (€68.2M).

Economic Complexity In 2020, the highest complexity exports of Guipúzcoa according to the product complexity index (PCI) are Metal Finishing Machines (1.7), Drilling Machines (0.96), Padlocks (0.72), Locomotive Parts (0.62), and Other Firearms (0.42). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

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Yearly Exports

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Top Destination (2021): France, €1.47B

Top Product (2021): Sections, I, iron or non-alloy steel,..., €379M

In 2021 the top export destinations of Guipúzcoa were France (€1.47B), Germany (€842M), United States (€497M), United Kingdom (€489M), and Italy (€457M).

In 2021 the top exports of Guipúzcoa were Sections, I, iron or non-alloy steel,... (€379M), Taps, cocks, valves and similar appliances,... (€249M), Other Motor vehicle parts (€244M), Other Railway rolling stock (€199M), and Maintenance-of-way service vehicles (€195M).

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Exports Dynamics

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Fastest Growing Exports Destination (Oct 2021 - Oct 2022)

Rapidly Declining Export Origins (Oct 2021 - Oct 2022)

Yearly Imports

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Top Origin (2021): France, €858M

Top Import (2021): Other Railway rolling stock , €187M

In 2021 the top import origins of Guipúzcoa were France (€858M), Germany (€808M), China (€522M), Italy (€449M), and Sweden (€239M).

In 2021 the top imports of Guipúzcoa were Other Railway rolling stock (€187M), Ferrous waste or scrap, nes (€143M), Chem wood pulp, soda or sulphate,... (€118M), Other Motor vehicle parts (€71.2M), and Flat rolled iron or non-alloy steel,... (€68.2M).

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Imports Dynamics

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Fastest Growing Import Origins (Oct 2021 - Oct 2022)

Rapidly Declining Import Origins (Oct 2021 - Oct 2022)

Economic Complexity

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Economic Complexity of Guipúzcoa

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Economic Complexity (2021): 0.43

Guipúzcoa ranks 1st out of the 52 provinces in Spain according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Economic Complexity Ranking

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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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Most Complex Products by PCI

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The highest complexity exports of Guipúzcoa according to the product complexity index (PCI) are Metal Finishing Machines (1.7), Drilling Machines (0.96), Padlocks (0.72), Locomotive Parts (0.62), and Other Firearms (0.42). 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 Railway Maintenance Vehicles (383.7), Fishing Ships (122.1), Iron Blocks (101.7), Drilling Machines (66.3), and Locomotive Parts (64.1).

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. Bubble size corresponds to exports value by year 2020.