GuipúzcoaProvince in Basque Country, Autonomous Community in Spain
2020 Economic Complexity : 0.32, Rank 1 of 49
Dec 2022 Trade Exports | Imports: €766M | €412M, 15 of 53 | 21 of 53
Dec 2022 Country Destination | Origin: France | France , €128M | €76.5M
Dec 2022 Product Exports | Imports: Railways cars, external electric power | Other Railway rolling stock , €32.2M | €16.4M
Overview This page contains the latest international trade data for Guipúzcoa. In December 2022 Guipúzcoa was the number 13 in total exports and the number 19 in total imports in Spain.
Exports In 2022, Spain's Guipúzcoa exported €9.89B, making it the 13th largest exporter out of the 52 exporters in Spain. In 2022 the top exports of Guipúzcoa were Sections, I, iron or non-alloy steel,... (€492M), Railways cars, external electric power (€458M), Other Motor vehicle parts (€307M), Taps, cocks, valves and similar appliances,... (€294M), and Sections, H, iron or non-alloy steel,... (€253M).
Imports In 2022, Spain's Guipúzcoa imported €5.72B, making it the 19th largest importer out of the 52 importers in Spain. In 2022 top imports of Guipúzcoa were Other Railway rolling stock (€191M), Chem wood pulp, soda or sulphate,... (€143M), Ferrous waste or scrap, nes (€142M), Flat rolled iron or non-alloy steel,... (€106M), and Paper and paperboard: multi-ply, coated with... (€65.9M).
Economic Complexity In 2020, the highest complexity exports of Guipúzcoa according to the product complexity index (PCI) are Self-Propelled Rail Transport (1.84), Drilling Machines (0.96), Padlocks (0.72), Locomotive Parts (0.62), and Refractory Bricks (0.52). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
December, 2022
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%).
EXPORT GROWTH (December 2021 - December 2022): €70.7M, (10.2%)
IMPORT GROWTH (December 2021 - December 2022): €-4.92M, (-1.18%)
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 (2022): France, €1.83B
Top Product (2022): Sections, I, iron or non-alloy steel,..., €492M
In 2022 the top export destinations of Guipúzcoa were France (€1.83B), Germany (€1B), United Kingdom (€728M), United States (€680M), and Italy (€593M).
In 2022 the top exports of Guipúzcoa were Sections, I, iron or non-alloy steel,... (€492M), Railways cars, external electric power (€458M), Other Motor vehicle parts (€307M), Taps, cocks, valves and similar appliances,... (€294M), and Sections, H, iron or non-alloy steel,... (€253M).
Fastest Growing Exports Destination (Dec 2021 - Dec 2022)
Rapidly Declining Export Origins (Dec 2021 - Dec 2022)
Top Origin (2022): France, €1.01B
Top Import (2022): Other Railway rolling stock , €191M
In 2022 the top import origins of Guipúzcoa were France (€1.01B), Germany (€985M), China (€681M), Italy (€476M), and Sweden (€297M).
In 2022 the top imports of Guipúzcoa were Other Railway rolling stock (€191M), Chem wood pulp, soda or sulphate,... (€143M), Ferrous waste or scrap, nes (€142M), Flat rolled iron or non-alloy steel,... (€106M), and Paper and paperboard: multi-ply, coated with... (€65.9M).
Economic Complexity (2022): 0.32
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 Rolling Machines (0.27), Boat Propellers (0.26), Boat Propellers (0.26), Boat Propellers (0.26), and Boat Propellers (0.26).
The highest complexity exports of Guipúzcoa according to the product complexity index (PCI) are Self-Propelled Rail Transport (1.84), Drilling Machines (0.96), Padlocks (0.72), Locomotive Parts (0.62), and Refractory Bricks (0.52). 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 (149.0), Iron Blocks (114.4), Drilling Machines (79.4), Other Firearms (72.0), and Iron Cloth (36.5).
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. Bubble size corresponds to exports value by year 2020.
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