09-01-2021 22:37 PM - last edited 10-05-2022 07:31 AM
How to transform huge tables from Eurostat to interesting analytics for everyone
In 4 pages you can find information about all trading developments in the TOP-10 European countries by GDP during 2015-2019 and answer the questions: who was the trade leader in this period, how this position was changing from year to year, what was the most or the less sellable and buyable cargo category, which transport was used the most for these or those cargo and a lot of others.
This project is based on a real task from a trading company. Made by the Business Intelligence Institute headed by Alex Kolokolov: design and analytics – Daria Filenkova, back-end – Alice Baklitskaya.
How to use the dashboard:
The navigation menu is made with bookmarks and appears by pressing the sing “menu” on the left upper corner. There are also some pages in the menu with insights that we found interesting to show
Trade volume in Germany in Euro is at least twice bigger than in other countries with almost the same volume in tons. It works as for export as for import and depends on the share of machinery and equipment that is the most expensive cargo category. In Germany, it takes 49%, in the Netherlands only 37%. Also, in other countries, the share of cheap products as oil, coal and other fuels takes up to 11%, in Germany only 3%.
The main countries-partners for Germany are European Union, Great Britain, USA and China and only in Import of the category Oil, coal and other fuels in the TOP-10 we can see countries like Russia, Kazakhstan, Libya and, etc. The interesting thing is that the Netherlands takes the first position in this rating in Euro, but the volume of importing fuels in tons is almost twice less than in Russia.
All countries in the TOP-10 in Europe by GDP have a negative export-import balance in tons (volume of the products they sell is less than they buy) and only 3 countries have a negative export-import balance in Euro (the price of the product they sell less than they buy). There is France (-3.8%), Spain (-3.0%) and Sweden (-3.1%). Moreover, in France in 2019 this disbalance fell to -8,8%: demand for the products from the most expensive cargo categories – machinery and equipment and consumables – increased, but France kept the same level of production. In previous years in these categories, France had more money from export than spent to import and was not ready.
In the most expensive category “Machinery and equipment” Germany and Italy had the maximum profit (export minus import in money units) – 79% and 31%. The Netherlands spent 9% more than has on sales. The biggest difference is in cargo groups “Electrical machinery and equipment” and “Vehicles other than railway” with low cost but a large volume of consumption and “Aircraft, spacecraft, and parts thereof” with a high average price. But if you check the balance between export and import in the Netherlands in general (page Country), you see that it’s positive. What gives the profit? The tooltip on the last KPI card shows that are categories Other, Consumables, and Metals.
You can find a lot of other interesting insights in these 4 pages and think about its reasons. Looking forward to your feedback.
Business Intelligence Institute was founded in 2011 by Alex Kolokolov. We develop powerful tools for decision making and transform ordinary companies into data-driven businesses boosting their efficiency and performance. We specialized in digital dashboards with MS Power BI and Excel and helps business owners and decision-makers to understand big data and improve their business performance.
Please, visit our website and Alex Kolokolov’s LinkedIn profile. We are open to cooperation and ready to work on new interesting projects.
It is awesome, there is a lot to learn. As I'm in learning phase, it would be really helpful if you please share it with me 🙂 My email is email@example.com
Очень понравился дизайн, даже не ожидала от темной темы, что будет так приятно читаться. Очень удивила представленная информация по Германии и Недерландам, не ожидала.
I love transport! Apparently, what he studied in his youth remains love for life.
I studied the dashboard very carefully. The content side, and design.
There is a very interesting approach to assessing economic growth that refuses to take into account GDP. There are indeed many nuances in this indicator that cause distrust. And to overcome this problem, economic growth is assessed by the product of the transport activity index by the energy consumption index.
There is no energy consumption on the dashboard, but we managed to track traffic activity. It is a pity that Russia is not among the countries.
The dashboard is made in a bright palette atypical for Aleksey, but it turned out well.
I liked it very much, very interesting.