Basque Country

Autonomous Community in Spain

Exports (2019): €25.4B, Rnk 5/18

Top Destination (2019): €3.92B, France

Top Export (2019): €2.05B, Medium Diesel Engine Cars

Imports (2019): €20.1B, Rnk 5/18

Top Origin (2019): €3.01B, Germany

Top Import (2019): €3.8B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): 0.37, Rnk 1 / 18

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

Exports: In 2019, Spain's Basque Country exported €25.4B, making it the 5th largest exporter out of the 18 exporters in Spain. In 2019 the top exports of Basque Country were Medium Diesel Engine Cars (€2.05B), Diesel powered trucks weighing < 5... (€1.24B), Petroleum spirit for motor vehicles (€853M), Motor vehicle parts nes (€814M), and Self-propelled railway cars except external electric (€713M).

Imports: In 2019, Spain's Basque Country imported €20.1B, making it the 5th largest importer out of the 18 importers in Spain. In 2019 top imports of Basque Country were Petroleum oils, oils from bituminous minerals,... (€3.8B), Natural gas, liquefied (€953M), Light petroleum distillates nes (€569M), Engines, diesel, for motor vehicles (€552M), and Chemical products, mixtures and preparations; n.e.c.... (€340M).

Economic Complexity: In 2019, the highest complexity exports of Basque Country according to the product complexity index (PCI) are Metalworking Transfer Machines (2.43), Non-Mechanical Removal Machinery (2.04), Metal Lathes (1.86), Hot-Rolled Stainless Steel Bars (1.78), and Glass with Edge Workings (1.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

#permalink to section
Value
Depth

Top Destination (2019): France, €3.92B

Top Product (2019): Medium Diesel Engine Cars, €2.05B

In 2019 the top export destinations of Basque Country were France (€3.92B), Germany (€3.84B), United Kingdom (€2.32B), United States (€1.79B), and Belgium (€1.22B).

In 2019 the top exports of Basque Country were Medium Diesel Engine Cars (€2.05B), Diesel powered trucks weighing < 5... (€1.24B), Petroleum spirit for motor vehicles (€853M), Motor vehicle parts nes (€814M), and Self-propelled railway cars except external electric (€713M).

Explore Visualizations

Exports Dynamics

#permalink to section

Fastest Growing Exports Destination (Aug 2019 - Aug 2020)

Rapidly Declining Export Origins (Aug 2019 - Aug 2020)

Yearly Imports

#permalink to section
Value
Depth

Top Origin (2019): Germany, €3.01B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., €3.8B

In 2019 the top import origins of Basque Country were Germany (€3.01B), France (€1.77B), China (€1.33B), Russia (€1.14B), and Italy (€958M).

In 2019 the top imports of Basque Country were Petroleum oils, oils from bituminous minerals,... (€3.8B), Natural gas, liquefied (€953M), Light petroleum distillates nes (€569M), Engines, diesel, for motor vehicles (€552M), and Chemical products, mixtures and preparations; n.e.c.... (€340M).

Explore Visualizations

Imports Dynamics

#permalink to section

Fastest Growing Import Origins (Aug 2019 - Aug 2020)

Rapidly Declining Import Origins (Aug 2019 - Aug 2020)

Comparison in Time

#permalink to section
Flow
Value

This section shows differences between total trade from Basque Country throughout time.

This section shows forecasts for total exports and imports from Basque Country. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

Explore Forecasts

Economic Complexity

#permalink to section

Economic Complexity of Spain

#permalink to section

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

Estimated using exports data.

Discover Economic Complexity

Economic Complexity Ranking

#permalink to section
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.

Discover Economic Complexity

Export Opportunities by Relatedness

#permalink to section

The top export opportunities according to the relatedness level, without considering those products were Basque Country already has a comparative advantage, are led by Electric Soldering Equipment (0.3), Electrical Lighting and Signalling Equipment (0.29), Vegetable Parchment (0.29), Rolling Machines (0.28), and Vehicle Bodies (0.28).

Most Complex Products by PCI

#permalink to section

The highest complexity exports of Basque Country according to the product complexity index (PCI) are Metalworking Transfer Machines (2.43), Non-Mechanical Removal Machinery (2.04), Metal Lathes (1.86), Hot-Rolled Stainless Steel Bars (1.78), and Glass with Edge Workings (1.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

#permalink to section

The most specialized products according to the RCA index are led by Self-Propelled Rail Transport (119), Fishing Ships (46.1), Other Stainless Steel Bars (26.6), Iron Blocks (25.6), and Stainless Steel Ingots (23.3).

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

#permalink to section

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

#permalink to section
Depth
Filter

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.