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Overview This page contains the latest international trade data for Guipúzcoa. In March 2024 Guipúzcoa was the number 12 in total exports and the number 20 in total imports in Spain.

Exports In 2023, Spain's Guipúzcoa exported €9.91B, making it the 12th largest exporter out of the 52 exporters in Spain. In 2023 the top exports of Guipúzcoa were Railways cars, external electric power (€467M), Other Motor vehicle parts (€377M), Sections, I, iron or non-alloy steel,... (€363M), Taps, cocks, valves and similar appliances,... (€267M), and Lifts and skip hoists (€208M).

Imports In 2023, Spain's Guipúzcoa imported €5.75B, making it the 20th largest importer out of the 52 importers in Spain. In 2023 top imports of Guipúzcoa were Other Railway rolling stock (€225M), Ferrous waste or scrap, nes (€121M), Flat rolled iron or non-alloy steel,... (€109M), Chem wood pulp, soda or sulphate,... (€106M), and Other Motor vehicle parts (€67.5M).

Economic Complexity In 2023, the highest complexity exports of Guipúzcoa according to the product complexity index (PCI) are Metalworking Transfer Machines (2.04), Metal Lathes (1.78), Metal Finishing Machines (1.64), Metalworking Machine Parts (1.5), Valves (1.49), Forging Machines (1.49), Papermaking Machines (1.42), Drilling Machines (1.27), Other Non-Metal Removal Machinery (1.24), and Woodworking machines (1.23). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)France€1.66B

In 2023 the top export destinations of Guipúzcoa were France (€1.66B), Germany (€1B), United States (€742M), Italy (€672M), and United Kingdom (€670M).

In 2023 the top exports of Guipúzcoa were Railways cars, external electric power (€467M), Other Motor vehicle parts (€377M), Sections, I, iron or non-alloy steel,... (€363M), Taps, cocks, valves and similar appliances,... (€267M), and Lifts and skip hoists (€208M).

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Exports Dynamics

Fastest Growing Exports Destination (Mar 2023 - Mar 2024)
Norway €13.6M (404%)
Belgium €13.4M (78.1%)
Mexico €12.4M (45.9%)
Rapidly Declining Export Origins (Mar 2023 - Mar 2024)
Greenland -€64.9M (-99.9%)
United Kingdom -€51.8M (-55.1%)
France -€47M (-26.7%)

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Yearly Imports

Color
Depth
Top Origin (2023)Germany€1.01B
Top Import (2023)Other Railway rolling stock €225M

In 2023 the top import origins of Guipúzcoa were Germany (€1.01B), France (€862M), China (€540M), Italy (€449M), and Sweden (€269M).

In 2023 the top imports of Guipúzcoa were Other Railway rolling stock (€225M), Ferrous waste or scrap, nes (€121M), Flat rolled iron or non-alloy steel,... (€109M), Chem wood pulp, soda or sulphate,... (€106M), and Other Motor vehicle parts (€67.5M).

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Imports Dynamics

Fastest Growing Import Origins (Mar 2023 - Mar 2024)
Morocco €3.58M (103%)
China €3.22M (7.68%)
Mexico €2.64M (237%)
Rapidly Declining Import Origins (Mar 2023 - Mar 2024)
Germany -€19.3M (-20.3%)
France -€15.9M (-19.4%)
Netherlands -€9.66M (-41.7%)

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Economic Complexity

Economic Complexity of Guipúzcoa

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Economic Complexity (2023)0.37

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

Value

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

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 (0.28), Flat-Rolled Iron (0.28), Additive manufacturing machines (0.28), Newspapers (0.28), and Electric Soldering Equipment (0.28).

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Most Complex Products by PCI

The highest complexity exports of Guipúzcoa according to the product complexity index (PCI) are Metalworking Transfer Machines (2.04), Metal Lathes (1.78), Metal Finishing Machines (1.64), Metalworking Machine Parts (1.5), Valves (1.49), Forging Machines (1.49), Papermaking Machines (1.42), Drilling Machines (1.27), Other Non-Metal Removal Machinery (1.24), and Woodworking machines (1.23). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Fishing Ships (204.89), Self-Propelled Rail Transport (172.49), Drilling Machines (111.93), Iron Blocks (75.35), and Other Firearms (75.14).

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Product Space

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.

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Relatedness Space

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.

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Diversification Frontier

Depth
Filter

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.

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