GuipúzcoaProvince in Basque Country, Autonomous Community in Spain
2020 Economic Complexity : 0.4, Rank 1 of 48
May 2021 Trade Exports | Imports: €661M | €372M, 14 of 53 | 18 of 53
May 2021 Country Destination | Origin: France | Germany , €106M | €68.4M
May 2021 Product Exports | Imports: Sections, I, iron or non-alloy steel, nfw hot-roll/drawn/extruded... | Railway rolling stock parts nes , €35M | €26.1M
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 2020, the highest complexity exports of Guipúzcoa according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Metal Lathes (1.88), Metal Finishing Machines (1.76), Forging Machines (1.7), and Self-Propelled Rail Transport (1.68). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
May, 2021
Overview In May 2021 Guipúzcoa exported €661M and imported €372M, resulting in a positive trade balance of €289M. Between May 2020 and May 2021 the exports of Guipúzcoa have increased by $183M (38.3%) from €478M to €661M, while imports increased by €109M (41.3%) from €263M to €372M.
Trade In May 2021, the top exports of Guipúzcoa were Vehicle Parts (€56.7M), Iron Blocks (€56.2M), Valves (€32M), Self-Propelled Rail Transport (€30.7M), and Locomotive Parts (€20.3M). In May 2021 the top imports of Guipúzcoa were Locomotive Parts (€27.1M), Scrap Iron (€15.2M), Sulfate Chemical Woodpulp (€12M), Coated Flat-Rolled Iron (€9.45M), and Vehicle Parts (€9.41M).
Destinations In May 2021, Guipúzcoa exported mostly to France (€106M), Germany (€64.5M), United Kingdom (€46.7M), United States (€45.2M), and Italy (€35.5M), and imported mostly from Germany (€68.4M), France (€64.3M), Italy (€35.2M), China (€34.7M), and Sweden (€19.3M).
Growth In May 2021, the increase in Guipúzcoa's year-by-year exports was explained primarily by an increase in exports to France (€27.4M or 35%), Norway (€25.9M or 405%), and United Kingdom (€20.6M or 79.3%), and product exports increase in Vehicle Parts (€30.3M or 115%), Iron Blocks (€26.3M or 88.1%), and Self-Propelled Rail Transport (€20.7M or 208%). In May 2021, the increase in Guipúzcoa's year-by-year imports was explained primarily by an increase in imports from Germany (€28.3M or 70.7%), France (€22.6M or 54.1%), and Italy (€12.7M or 56.5%), and product imports increase in Locomotive Parts (€16.5M or 156%), Scrap Iron (€7.06M or 86.5%), and Coated Flat-Rolled Iron (€6.95M or 278%).
EXPORT GROWTH (May 2020 - May 2021): €183M, (38.3%)
IMPORT GROWTH (May 2020 - May 2021): €109M, (41.3%)
This section shows exports and imports data at subnational level for Guipúzcoa. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Guipúzcoa over time.
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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).
Fastest Growing Exports Destination (May 2020 - May 2021)
Rapidly Declining Export Origins (May 2020 - May 2021)
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).
Economic Complexity (2020): 0.4
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.
The economic complexity of a territory can change year to year. Guipúzcoa it is in position 1st considering its ECI in the last year.
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), Interchangeable Tool Parts (0.25), Rubberworking Machinery (0.25), Other Stainless Steel Bars (0.25), and Iron Springs (0.25).
The highest complexity exports of Guipúzcoa according to the product complexity index (PCI) are Metalworking Transfer Machines (2.32), Metal Lathes (1.88), Metal Finishing Machines (1.76), Forging Machines (1.7), and Self-Propelled Rail Transport (1.68). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Self-Propelled Rail Transport (133.4), Locomotive Parts (74.9), Drilling Machines (67.5), Iron Blocks (60.4), and Other Firearms (57.5).
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.
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.