Basque Country

Autonomous Community in Spain

2019
Economic
Complexity
: 0.35, Rank 1 of 18

Jan 2021
Trade
Exports | Imports
: €1.72B | €1.36B, 5 of 19 | 5 of 19

Jan 2021
Country
Destination | Origin
: Germany | Germany , €339M  | €209M

Jan 2021
Product
Exports | Imports
: Cars | Crude Petroleum , €184M  | €238M

Overview: This page contains the latest international trade data for Basque Country, including export and import data.

Exports: In 2020, Spain's Basque Country exported €20.9B, making it the 6th largest exporter out of the 18 exporters in Spain. In 2020 the top exports of Basque Country were Medium Diesel Engine Cars (€1.49B), Diesel powered trucks weighing < 5... (€1.02B), Motor vehicle parts nes (€598M), Pneumatic tyres new of rubber for... (€474M), and Petroleum spirit for motor vehicles (€437M).

Imports: In 2020, Spain's Basque Country imported €15.7B, making it the 6th largest importer out of the 18 importers in Spain. In 2020 top imports of Basque Country were Petroleum oils, oils from bituminous minerals,... (€2.16B), Engines, diesel, for motor vehicles (€439M), Light petroleum distillates nes (€420M), Soya beans: other than seed, whether... (€319M), and Chemical products, mixtures and preparations; n.e.c.... (€300M).

Economic Complexity: In 2019, the highest complexity exports of Basque Country according to the product complexity index (PCI) are Metal Lathes (1.88), Hot-Rolled Stainless Steel Bars (1.8), 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.

Comparison in Time

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Flow
Value

This section shows the differences between Basque Country's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Spain's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): Germany, €3.61B

Top Product (2020): Medium Diesel Engine Cars, €1.49B

In 2020 the top export destinations of Basque Country were Germany (€3.61B), France (€3.23B), United States (€1.36B), United Kingdom (€1.34B), and Italy (€1.07B).

In 2020 the top exports of Basque Country were Medium Diesel Engine Cars (€1.49B), Diesel powered trucks weighing < 5... (€1.02B), Motor vehicle parts nes (€598M), Pneumatic tyres new of rubber for... (€474M), and Petroleum spirit for motor vehicles (€437M).

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Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): Germany, €2.56B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., €2.16B

In 2020 the top import origins of Basque Country were Germany (€2.56B), France (€1.56B), China (€1.24B), Italy (€850M), and Mexico (€648M).

In 2020 the top imports of Basque Country were Petroleum oils, oils from bituminous minerals,... (€2.16B), Engines, diesel, for motor vehicles (€439M), Light petroleum distillates nes (€420M), Soya beans: other than seed, whether... (€319M), and Chemical products, mixtures and preparations; n.e.c.... (€300M).

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Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

Economic Complexity

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Economic Complexity of Spain

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Basque Country ranks 1st out of the 18 autonomous communities in Spain according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Basque Country it is in position 1st considering its ECI in the last year.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Basque Country already has a comparative advantage, are led by Rolling Machines (0.29), Electric Soldering Equipment (0.29), Electrical Lighting and Signalling Equipment (0.29), Vehicle Bodies (0.28), and Textile Processing Machines (0.28).

Most Complex Products by PCI

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The highest complexity exports of Basque Country according to the product complexity index (PCI) are Metal Lathes (1.88), Hot-Rolled Stainless Steel Bars (1.8), 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.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Self-Propelled Rail Transport (123), Fishing Ships (42), Other Stainless Steel Bars (25.8), Iron Blocks (25.3), and Stainless Steel Ingots (22.7).

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 Basque Country 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.

Relatedness Space

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This network shows the products most related to the production structure of  Basque Country. These are products that tend to be co-exported with the products that Basque Country exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.