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 2020, 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.

Historical Data

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Yearly Exports

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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 (May 2020 - May 2021)

Rapidly Declining Export Origins (May 2020 - May 2021)

Yearly Imports

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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 (May 2020 - May 2021)

Rapidly Declining Import Origins (May 2020 - May 2021)

Economic Complexity

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Economic Complexity of Spain

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Economic Complexity (2020): 0.34

Basque Country ranks 1st out of the 18 autonomous communities 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.

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Economic Complexity Ranking

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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 Electric Soldering Equipment (0.3), Electrical Lighting and Signalling Equipment (0.29), Vehicle Bodies (0.29), Textile Processing Machines (0.29), and Electrical Power Accessories (0.29).

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 (46.6), Inedible Fats and Oils (27.1), Locomotive Parts (26.9), Other Stainless Steel Bars (26.7), and Other Firearms (23.5).

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 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.