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Province in Castile and León, Autonomous Community in Spain

2023
Economic
Complexity 0.021Rank 9 of 49
Jan 2024
Trade
Exports | Imports €297M | €266M23 of 53 | 26 of 53
Jan 2024
Country
Destination | Origin France | France €69.5M  | €55.9M

About

Overview This page contains the latest international trade data for Burgos. In January 2024 Burgos was the number 22 in total exports and the number 25 in total imports in Spain.

Exports In 2023, Spain's Burgos exported €3.57B, making it the 22nd largest exporter out of the 52 exporters in Spain. In 2023 the top exports of Burgos were Pneumatic tyres new of rubber for... (€332M), Medicaments nes, in dosage (€254M), Hair preparations, others (€245M), Lead-acid electric accumulators (vehicle) (€224M), and Commodities not specified according to kind (€183M).

Imports In 2023, Spain's Burgos imported €2.95B, making it the 25th largest importer out of the 52 importers in Spain. In 2023 top imports of Burgos were Organo-sulphur compounds, nes (€140M), Medicaments nes, in dosage (€133M), Flat rolled iron or non-alloy steel,... (€84.5M), Crustaceans: frozen, shrimps and prawns, excluding... (€77.8M), and Pigs Weighing Under 50 kg (Excluding... (€64.5M).

Economic Complexity In 2023, the highest complexity exports of Burgos according to the product complexity index (PCI) are Drilling Machines (1.27), Electric Batteries (1.18), Textiles for technical uses (1.1), Large Coated Flat-Rolled Iron (1), Liquid Dispersing Machines (0.9), Natural Polymers (0.78), Packaged Medicaments (0.74), Large Flat-Rolled Iron (0.74), Dairy Machinery (0.73), and Industrial Food Preperation Machinery (0.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Latest Trends

January, 2024

About

Overview In January 2024 Burgos exported €297M and imported €266M, resulting in a positive trade balance of €30.7M. Between January 2023 and January 2024 the exports of Burgos have increased by $4.5M (1.54%) from €293M to €297M, while imports increased by €36.3M (15.8%) from €230M to €266M.

Trade In January 2024, the top exports of Burgos were Packaged Medicaments (€44M), Hair Products (€35.1M), Rubber Tires (€30.8M), Electric Batteries (€19.1M), and Motor vehicles; parts and accessories (8701... (€18.6M). In January 2024 the top imports of Burgos were Hot-Rolled Iron (€32.3M), Packaged Medicaments (€22.4M), Organo-Sulfur Compounds (€17.4M), Coated Flat-Rolled Iron (€13.5M), and Motor vehicles; parts and accessories (8701... (€11.2M).

Destinations In January 2024, Burgos exported mostly to France (€69.5M), Germany (€24.3M), Portugal (€23.8M), Italy (€17.4M), and Belgium (€12.8M), and imported mostly from France (€55.9M), Germany (€25.5M), United Kingdom (€18.4M), Japan (€17.9M), and Belgium (€17.7M).

Growth In January 2024, the increase in Burgos's year-by-year exports was explained primarily by an increase in exports to Germany (€7.6M or 43.1%), France (€6M or 8.8%), and Ukraine (€5.54M or 672%), and product exports increase in Packaged Medicaments (€11.4M or 44.8%), Rubber Tires (€11.1M or 52.5%), and Hair Products (€5.58M or 23.4%). In January 2024, the increase in Burgos's year-by-year imports was explained primarily by an increase in imports from United Kingdom (€6.8M or 66.8%), Belgium (€6.62M or 83.1%), and Italy (€5.78M or 35.1%), and product imports increase in Packaged Medicaments (€6.58M or 43.8%), Flat Flat-Rolled Steel (€3.71M or 104%), and Vaccines, blood, antisera, toxins and cultures (€2.93M or 680%).

Latest Data

Time Scale
Flow
Color
Depth
EXPORT GROWTH (January 2023 - January 2024)€4.5M(1.54%)
IMPORT GROWTH (January 2023 - January 2024)€36.3M(15.8%)

This section shows exports and imports data at subnational level for Burgos. 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 Burgos over time.

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Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)France€883M
Top Product (2023)Pneumatic tyres new of rubber for...€332M

In 2023 the top export destinations of Burgos were France (€883M), Germany (€310M), Portugal (€301M), Italy (€223M), and United Kingdom (€138M).

In 2023 the top exports of Burgos were Pneumatic tyres new of rubber for... (€332M), Medicaments nes, in dosage (€254M), Hair preparations, others (€245M), Lead-acid electric accumulators (vehicle) (€224M), and Commodities not specified according to kind (€183M).

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Exports Dynamics

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)
United Arab Emirates €4.59M (205%)
Belgium €3.99M (45.2%)
Canada €2.52M (231%)
Rapidly Declining Export Origins (Jan 2023 - Jan 2024)
Ukraine -€5.43M (-85.3%)
France -€4.72M (-6.37%)
Netherlands -€3.75M (-50.1%)

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Yearly Imports

Color
Depth
Top Origin (2023)France€551M
Top Import (2023)Organo-sulphur compounds, nes€140M

In 2023 the top import origins of Burgos were France (€551M), Germany (€345M), Italy (€239M), United Kingdom (€213M), and Belgium (€182M).

In 2023 the top imports of Burgos were Organo-sulphur compounds, nes (€140M), Medicaments nes, in dosage (€133M), Flat rolled iron or non-alloy steel,... (€84.5M), Crustaceans: frozen, shrimps and prawns, excluding... (€77.8M), and Pigs Weighing Under 50 kg (Excluding... (€64.5M).

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Imports Dynamics

Fastest Growing Import Origins (Jan 2023 - Jan 2024)
Japan €14.6M (445%)
France €6.34M (12.8%)
Netherlands €5.35M (55.6%)
Rapidly Declining Import Origins (Jan 2023 - Jan 2024)
Italy -€4.93M (-22.2%)
Poland -€3.34M (-33.7%)
Sweden -€2.6M (-74.4%)

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Economic Complexity

Economic Complexity of Burgos

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Economic Complexity (2023)0.021

Burgos ranks 9th 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

Value

The economic complexity of a territory can change year to year. Burgos it is in position 9th considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were Burgos already has a comparative advantage, are led by Chocolate (0.15), Milk (0.15), Other Prepared Meat (0.15), Wood Carpentry (0.15), and Toilet Paper (0.15).

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Most Complex Products by PCI

The highest complexity exports of Burgos according to the product complexity index (PCI) are Drilling Machines (1.27), Electric Batteries (1.18), Textiles for technical uses (1.1), Large Coated Flat-Rolled Iron (1), Liquid Dispersing Machines (0.9), Natural Polymers (0.78), Packaged Medicaments (0.74), Large Flat-Rolled Iron (0.74), Dairy Machinery (0.73), and Industrial Food Preperation Machinery (0.67). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Drilling Machines (158.18), Explosive Ammunition (136.11), Hair Products (133.84), Prepared Explosives (114.63), and Used Rubber Tires (54.44).

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Product Space

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 Burgos 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.

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Relatedness Space

This network shows the products most related to the production structure of  Burgos. These are products that tend to be co-exported with the products that Burgos exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth
Filter

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.

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