GuipúzcoaProvince in Basque Country, Autonomous Community in Spain
2020 Economic Complexity : 0.43, Rank 1 of 48
Oct 2022 Trade Exports | Imports: €821M | €479M, 13 of 53 | 21 of 53
Oct 2022 Country Destination | Origin: France | France , €152M | €76.7M
Oct 2022 Product Exports | Imports: Railways cars, external electric power | Chem wood pulp, soda or sulphate, conifer, bleached..., €51.4M | €20.6M
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.
October, 2022
Overview In October 2022 Guipúzcoa exported €821M and imported €479M, resulting in a positive trade balance of €342M. Between October 2021 and October 2022 the exports of Guipúzcoa have increased by $78.3M (10.5%) from €743M to €821M, while imports increased by €79.8M (20%) from €400M to €479M.
Trade In October 2022, the top exports of Guipúzcoa were Motor vehicles; parts and accessories (8701... (€67.8M), Iron Blocks (€56.4M), Self-Propelled Rail Transport (€51.4M), Valves (€27.2M), and Padlocks (€19.7M). In October 2022 the top imports of Guipúzcoa were Sulfate Chemical Woodpulp (€24.8M), Locomotive Parts (€17.9M), Nitrogenous Fertilizers (€16.1M), Hot-Rolled Iron Bars (€11.3M), and Scrap Iron (€10.7M).
Destinations In October 2022, Guipúzcoa exported mostly to France (€152M), Germany (€77.1M), United Kingdom (€63.1M), United States (€61M), and Italy (€53.9M), and imported mostly from France (€76.7M), Germany (€73.9M), China (€60M), Italy (€37.1M), and Sweden (€33.5M).
Growth In October 2022, the increase in Guipúzcoa's year-by-year exports was explained primarily by an increase in exports to Sweden (€6.98M or 97.8%), China (€5.51M or 47.2%), and Belgium (€3.55M or 32.9%), and product exports increase in Locomotive Parts (€23.7M or 214%), Washing and Bottling Machines (€3.87M or 47.2%), and Scrap Iron (€3.27M or 1.31k%). In October 2022, the increase in Guipúzcoa's year-by-year imports was explained primarily by an increase in imports from Germany (€5.84M or 10.7%), France (€3.73M or 5.91%), and China (€2.92M or 7.59%), and product imports increase in Scrap Iron (€6.51M or 60.2%), Sulfate Chemical Woodpulp (€2.61M or 35.1%), and Harvesting Machinery (€2.22M or 108%).
EXPORT GROWTH (October 2021 - October 2022): €78.3M, (10.5%)
IMPORT GROWTH (October 2021 - October 2022): €79.8M, (20%)
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 (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).
Fastest Growing Exports Destination (Oct 2021 - Oct 2022)
Rapidly Declining Export Origins (Oct 2021 - Oct 2022)
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).
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.
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 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.
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.
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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