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%).