Overview In December 2022 Guipúzcoa exported €766M and imported €412M, resulting in a positive trade balance of €353M. Between December 2021 and December 2022 the exports of Guipúzcoa have increased by $70.7M (10.2%) from €695M to €766M, while imports decreased by €-4.92M (-1.18%) from €417M to €412M.
Trade In December 2022, the top exports of Guipúzcoa were Iron Blocks (€59.4M), Motor vehicles; parts and accessories (8701... (€47.1M), Self-Propelled Rail Transport (€32.2M), Valves (€26M), and Locomotive Parts (€22.1M). In December 2022 the top imports of Guipúzcoa were Sulfate Chemical Woodpulp (€17.9M), Locomotive Parts (€17.4M), Scrap Iron (€15.9M), Valves (€10.3M), and Motor vehicles; parts and accessories (8701... (€10.1M).
Destinations In December 2022, Guipúzcoa exported mostly to France (€128M), United States (€72M), Germany (€68.1M), United Kingdom (€52.3M), and Portugal (€41M), and imported mostly from France (€76.5M), Germany (€67.8M), China (€47.8M), Italy (€33.8M), and Sweden (€23.2M).
Growth In December 2022, the increase in Guipúzcoa's year-by-year exports was explained primarily by an increase in exports to France (€30.7M or 28.7%), United States (€24.3M or 108%), and United Kingdom (€17.6M or 72.9%), and product exports increase in Iron Blocks (€24.6M or 88.3%), Valves (€20.1M or 94.9%), and Electrical Transformers (€6.38M or 810%). In December 2022, the decrease in Guipúzcoa's year-by-year imports was explained primarily by an decrease in imports from Russia (€-2.51M or -88.1%), Ireland (€-1.66M or -65.3%), and South Korea (€-837k or -24.1%), and product imports decrease in Iron Railway Products (€-1.93M or -99.8%), Buses (€-1.8M or -83.6%), and Iron Powder (€-1.36M or -58.3%).