Vizcaya

Province in País Vasco, Autonomous Community in Spain

Exports (2019): €9.72B, Rnk 8/52

Top Destination (2019): €1.6B, France

Top Export (2019): €853M, Petroleum spirit for motor vehicles

Imports (2019): €11.7B, Rnk 5/52

Top Origin (2019): €1.11B, Russia

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

Economic Complexity (2019): 0.31, Rnk 3 / 52

Exports: In 2019, Spain's Vizcaya exported €9.72B, making it the 8th largest exporter out of the 52 exporters in Spain. In 2019 the top exports of Vizcaya were Petroleum spirit for motor vehicles (€853M), Light petroleum distillates nes (€586M), Motor vehicle parts nes (€330M), Aluminium alloy rectangular plate/sheet/strip,t >0.2m (€295M), and Pneumatic tyres new of rubber for... (€262M).

Imports: In 2019, Spain's Vizcaya imported €11.7B, making it the 5th largest importer out of the 52 importers in Spain. In 2019 top imports of Vizcaya were Petroleum oils, oils from bituminous minerals,... (€3.8B), Natural gas, liquefied (€953M), Light petroleum distillates nes (€563M), Chemical products, mixtures and preparations; n.e.c.... (€324M), and Mixed odoriferous substances - food &... (€318M).

Economic Complexity: In 2019, the highest complexity exports of Vizcaya according to the product complexity index (PCI) are Non-Mechanical Removal Machinery (2.04), Metal Lathes (1.86), Hot-Rolled Stainless Steel Bars (1.78), Wrenches (1.68), and Metalworking Machines (1.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Value
Depth

Top Destination (2019): France, €1.6B

Top Product (2019): Petroleum spirit for motor vehicles, €853M

In 2019 the top export destinations of Vizcaya were France (€1.6B), Germany (€1.1B), United States (€1.01B), Belgium (€817M), and Netherlands (€598M).

In 2019 the top exports of Vizcaya were Petroleum spirit for motor vehicles (€853M), Light petroleum distillates nes (€586M), Motor vehicle parts nes (€330M), Aluminium alloy rectangular plate/sheet/strip,t >0.2m (€295M), and Pneumatic tyres new of rubber for... (€262M).

Export Dynamics

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Fastest Growing Exports Destination (March 2019 - March 2020)

Rapidly Declining Export Origins (March 2019 - March 2020)

Value
Depth

Top Origin (2019): Russia, €1.11B

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

In 2019 the top import origins of Vizcaya were Russia (€1.11B), United States (€799M), Mexico (€768M), Germany (€750M), and Ireland (€683M).

In 2019 the top imports of Vizcaya were Petroleum oils, oils from bituminous minerals,... (€3.8B), Natural gas, liquefied (€953M), Light petroleum distillates nes (€563M), Chemical products, mixtures and preparations; n.e.c.... (€324M), and Mixed odoriferous substances - food &... (€318M).

Import Dynamics

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Fastest Growing Import Origins (March 2019 - March 2020)

Rapidly Declining Import Origins (March 2019 - March 2020)

Comparison in Time

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Flow
Value

This section shows differences between total trade from Vizcaya throughout time.

Comparison Map

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Value

The provinces of Spain with the highest exports in 2019 were Barcelona (€57.2B), Madrid (€31.2B), Valencia (€18B), Zaragoza (€11.6B), and La Coruña (€11B)

The provinces of Spain with the highest imports in 2019 were Barcelona (€74.1B), Madrid (€64.4B), Valencia (€18.7B), Tarragona (€14.4B), and Vizcaya (€11.7B)

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

Explore Forecasts

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.

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.

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 Electric Soldering Equipment (0.21), Papermaking Machines (0.2), Locomotive Parts (0.2), Electrical Lighting and Signalling Equipment (0.2), and Cars (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 Non-Mechanical Removal Machinery (2.04), Metal Lathes (1.86), Hot-Rolled Stainless Steel Bars (1.78), Wrenches (1.68), and Metalworking Machines (1.67). 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 (121), Other Stainless Steel Bars (56.3), Detonating Fuses (44.7), Raw Copper (42.4), and Other Cast Iron Products (32).

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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Filter
Depth

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.