Vizcaya

Province in Basque Country, Autonomous Community in Spain

2019
Economic
Complexity
: 0.3, Rank 3 of 49

Jan 2021
Trade
Exports | Imports
: €670M | €757M, 9 of 53 | 6 of 53

Jan 2021
Country
Destination | Origin
: France | Mexico , €98M  | €110M

Jan 2021
Product
Exports | Imports
: Refined Petroleum | Crude Petroleum , €67M  | €238M

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

Exports: In 2020, Spain's Vizcaya exported €7.78B, making it the 9th largest exporter out of the 52 exporters in Spain. In 2020 the top exports of Vizcaya were Petroleum spirit for motor vehicles (€437M), Light petroleum distillates nes (€355M), Pneumatic tyres new of rubber for... (€253M), Unrefined copper, copper anodes, electrolytic refinin (€250M), and Pneumatic tyres new of rubber for... (€246M).

Imports: In 2020, Spain's Vizcaya imported €8.37B, making it the 7th largest importer out of the 52 importers in Spain. In 2020 top imports of Vizcaya were Petroleum oils, oils from bituminous minerals,... (€2.16B), Light petroleum distillates nes (€414M), Soya beans: other than seed, whether... (€317M), Chemical products, mixtures and preparations; n.e.c.... (€287M), and Mixed odoriferous substances - food &... (€254M).

Economic Complexity: In 2019, the highest complexity exports of Vizcaya according to the product complexity index (PCI) are Metal Lathes (1.88), Hot-Rolled Stainless Steel Bars (1.8), Non-Mechanical Removal Machinery (1.78), Self-Propelled Rail Transport (1.68), and Interchangeable Tool Parts (1.56). 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 Vizcaya'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): France, €1.19B

Top Product (2020): Petroleum spirit for motor vehicles, €437M

In 2020 the top export destinations of Vizcaya were France (€1.19B), Germany (€926M), United States (€640M), Belgium (€581M), and Italy (€456M).

In 2020 the top exports of Vizcaya were Petroleum spirit for motor vehicles (€437M), Light petroleum distillates nes (€355M), Pneumatic tyres new of rubber for... (€253M), Unrefined copper, copper anodes, electrolytic refinin (€250M), and Pneumatic tyres new of rubber for... (€246M).

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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, €722M

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

In 2020 the top import origins of Vizcaya were Germany (€722M), China (€647M), Mexico (€631M), Ireland (€566M), and Russia (€542M).

In 2020 the top imports of Vizcaya were Petroleum oils, oils from bituminous minerals,... (€2.16B), Light petroleum distillates nes (€414M), Soya beans: other than seed, whether... (€317M), Chemical products, mixtures and preparations; n.e.c.... (€287M), and Mixed odoriferous substances - food &... (€254M).

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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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Vizcaya ranks 3rd out of the 52 provinces 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. Vizcaya it is in position 3rd 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 Vizcaya already has a comparative advantage, are led by Papermaking Machines (0.2), Locomotive Parts (0.2), Electrical Lighting and Signalling Equipment (0.2), Rolling Machines (0.2), and Electric Soldering Equipment (0.2).

Most Complex Products by PCI

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The highest complexity exports of Vizcaya according to the product complexity index (PCI) are Metal Lathes (1.88), Hot-Rolled Stainless Steel Bars (1.8), Non-Mechanical Removal Machinery (1.78), Self-Propelled Rail Transport (1.68), and Interchangeable Tool Parts (1.56). 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 Fishing Ships (110), Other Stainless Steel Bars (54.7), Raw Copper (41.2), Detonating Fuses (39.7), and Other Cast Iron Products (31).

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 Vizcaya 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  Vizcaya. These are products that tend to be co-exported with the products that Vizcaya 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.