Overview This page contains the latest international trade data for Vizcaya. In December 2022 Vizcaya was the number 7 in total exports and the number 5 in total imports in Spain.

Exports In 2022, Spain's Vizcaya exported €13.2B, making it the 7th largest exporter out of the 52 exporters in Spain. In 2022 the top exports of Vizcaya were Petroleum spirit for motor vehicles (€1.5B), Light petroleum distillates nes (€1.07B), Commodities not specified according to kind (€445M), Pneumatic tyres new of rubber for... (€347M), and Aluminium alloy rectangular plate/sheet/strip,t >0.2m (€334M).

Imports In 2022, Spain's Vizcaya imported €17.9B, making it the 5th largest importer out of the 52 importers in Spain. In 2022 top imports of Vizcaya were Petroleum oils, oils from bituminous minerals,... (€6.51B), Natural gas, liquefied (€1.27B), Soya beans: other than seed, whether... (€587M), Light petroleum distillates nes (€515M), and Chemical products, mixtures and preparations; Others... (€377M).

Economic Complexity In 2020, the highest complexity exports of Vizcaya according to the product complexity index (PCI) are Hot-Rolled Stainless Steel Bars (1.76), Other Stainless Steel Bars (1.47), Large Flat-Rolled Iron (0.55), Other Steel Bars (0.41), and Other Cast Iron Products (0.33). 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 (2022): France, €1.85B

Top Product (2022): Petroleum spirit for motor vehicles, €1.5B

In 2022 the top export destinations of Vizcaya were France (€1.85B), Netherlands (€1.54B), Germany (€1.52B), Belgium (€1.15B), and United States (€947M).

In 2022 the top exports of Vizcaya were Petroleum spirit for motor vehicles (€1.5B), Light petroleum distillates nes (€1.07B), Commodities not specified according to kind (€445M), Pneumatic tyres new of rubber for... (€347M), and Aluminium alloy rectangular plate/sheet/strip,t >0.2m (€334M).

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Exports Dynamics

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Fastest Growing Exports Destination (Dec 2021 - Dec 2022)

Rapidly Declining Export Origins (Dec 2021 - Dec 2022)

Yearly Imports

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Top Origin (2022): United States, €1.82B

Top Import (2022): Petroleum oils, oils from bituminous minerals,..., €6.51B

In 2022 the top import origins of Vizcaya were United States (€1.82B), Brazil (€1.55B), Germany (€1.08B), Mexico (€954M), and China (€925M).

In 2022 the top imports of Vizcaya were Petroleum oils, oils from bituminous minerals,... (€6.51B), Natural gas, liquefied (€1.27B), Soya beans: other than seed, whether... (€587M), Light petroleum distillates nes (€515M), and Chemical products, mixtures and preparations; Others... (€377M).

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Imports Dynamics

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Fastest Growing Import Origins (Dec 2021 - Dec 2022)

Rapidly Declining Import Origins (Dec 2021 - Dec 2022)

Economic Complexity

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Economic Complexity of Vizcaya

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Economic Complexity (2022): 0.26

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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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 Electrical Lighting and Signalling Equipment (0.19), Other Zinc Products (0.19), Cars (0.19), Electric Soldering Equipment (0.19), and Vehicle Bodies (including cabs) for the... (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 Hot-Rolled Stainless Steel Bars (1.76), Other Stainless Steel Bars (1.47), Large Flat-Rolled Iron (0.55), Other Steel Bars (0.41), and Other Cast Iron Products (0.33). 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 (81.2), Other Stainless Steel Bars (71.0), Large Flat-Rolled Iron (40.6), Hot-Rolled Stainless Steel Bars (40.5), and Other Cast Iron Products (31.8).

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. Bubble size corresponds to exports value by year 2020.