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), Interchangeable Tool Parts (1.56), Iron Chains (1.42), and Flat-Rolled Stainless Steel (1.41). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Time Scale
Flow
Value
Depth

EXPORT GROWTH (April 2020 - April 2021): €350M, (78.4%)

IMPORT GROWTH (April 2020 - April 2021): €309M, (52.6%)

This section shows exports and imports data at subnational level for Vizcaya. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Vizcaya over time.

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Historical Data

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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 (Apr 2020 - Apr 2021)

Rapidly Declining Export Origins (Apr 2020 - Apr 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 (Apr 2020 - Apr 2021)

Rapidly Declining Import Origins (Apr 2020 - Apr 2021)

Economic Complexity

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Economic Complexity of Spain

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Economic Complexity (2020): 0.28

Vizcaya ranks 3rd out of the 52 provinces 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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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 Cars (0.2), Electrical Lighting and Signalling Equipment (0.2), Papermaking Machines (0.19), Electric Soldering Equipment (0.19), and Forging Machines (0.19).

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), Interchangeable Tool Parts (1.56), Iron Chains (1.42), and Flat-Rolled Stainless Steel (1.41). 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 Inedible Fats and Oils (72.8), Other Stainless Steel Bars (60), Raw Copper (50.6), Detonating Fuses (50.4), and Hot-Rolled Stainless Steel Bars (37.5).

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 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.