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2022
Flag → Flag
Exports $20.8BRnk 6 / 218
2022
Flag → Flag
Top Product $2.18BRefined Petroleum
2022
Flag → Flag
Exports $29.6BRnk 17 / 219
2022
Flag → Flag
Top Product $7.77BPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
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Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
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 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
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GDP GROWTH56.7%CURRENT US$
Rnk 45 / 186
2022
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GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
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GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$76,399CURRENT US$
Rnk 8 / 186
2012-2022
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GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Spain-United States Trade: In 2022, Spain exported $20.8B to United States. The main products that Spain exported to United States were Refined Petroleum ($2.18B), Pure Olive Oil ($687M), and Packaged Medicaments ($669M). Over the past 5 years the exports of Spain to United States have increased at an annualized rate of 6.89%, from $14.9B in 2017 to $20.8B in 2022.

In 2020, Spain exported services to United States worth $552M, with Travel ($552M) being the largest in terms of value.

United States-Spain Trade: In 2022, United States exported $29.6B to Spain. The main products that United States exported to Spain were Petroleum Gas ($7.77B), Crude Petroleum ($5.5B), and Packaged Medicaments ($4.21B). Over the past 5 years the exports of United States to Spain have increased at an annualized rate of 17%,  from $13.5B in 2017 to $29.6B in 2022.

In 2017, United States exported services to Spain worth $7.98B, with Travel ($2.2B), Financial services ($1.75B), and Transportation ($1.09B) being the largest in terms of value.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Latest Trends

September, 2024

About

Overview In September 2024, Spain exported €1.21B and imported €2.11B from United States, resulting in a negative trade balance of €899M. Between September 2023 and September 2024 the exports of Spain have decreased by €-350M (-22.4%) from €1.56B to €1.21B, while imports decreased by €-421M (-16.6%) from €2.53B to €2.11B.

Trade In September 2024, the top exports of Spain to United States were Refined Petroleum (€154M), Electrical Transformers (€94.3M), Petroleum Gas (€80.6M), Gas Turbines (€75.9M), and Delivery Trucks (€39.8M). In September 2024 the top imports of Spain from United States were Petroleum Gas (€443M), Crude Petroleum (€375M), Packaged Medicaments (€297M), Soybeans (€184M), and Gas Turbines (€88.9M).

Origins In September 2024 the exports of Spain were mainly from Barcelona (€259M), Madrid (€147M), Valencia (€83.8M), Sevilla (€71.4M), and Guipúzcoa (€69.4M), while imports destinations were mainly Madrid (€978M), Barcelona (€213M), Valencia (€126M), Huelva (€124M), and Tarragona (€119M).

Growth In September 2024, the decrease in Spain's year-by-year exports to United States was explained primarily by an decrease in product exports in Delivery Trucks (€-31.4M or -44.1%), Vaccines, blood, antisera, toxins and cultures (€-25.5M or -75%), and Commodities not elsewhere specified (€-22.7M or -58.3%). In September 2024, the decrease in Spain's year-by-year imports  from United States was explained primarily by an decrease in product imports  in Petroleum Gas (€-478M or -51.9%), Vaccines, blood, antisera, toxins and cultures (€-109M or -57.8%), and Radioactive Chemicals (€-25.6M or -99.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€-350M(-22.4%)
IMPORT GROWTH (September 2023 - September 2024)€-421M(-16.6%)
MAIN EXPORTER (September 2024)Barcelona€259M

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

To check United States and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United States and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $20.8B to United States. The main products exported from Spain to United States were Refined Petroleum ($2.18B), Pure Olive Oil ($687M), and Packaged Medicaments ($669M). During the last 5 years the exports of Spain to United States have increased at an annualized rate of 6.89%, from $14.9B in 2017 to $20.8B in 2022.

In 2017, United States exported $29.6B to Spain. The main products exported from United States to Spain were Petroleum Gas ($7.77B), Crude Petroleum ($5.5B), and Packaged Medicaments ($4.21B). During the last 5 years the exports of United States to Spain have increased at an annualized rate of 17%, from $13.5B in 2022 to $29.6B in 2017.

Exports from Spain (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
United States
Top DestinationCanada$308B

This map shows whether countries import more from Spain or United States. Each country is colored based on the difference in imports they receive from Spain and United States or the difference in the growth in imports.

In 2022, countries that imported more from Spain than United States included Portugal ($34.9B), France ($65.2B), and Morocco ($12.1B).

In 2022, countries that imported more from United States than Spain included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - United States

Flow
Scale

This chart compares trade between Spain and United States by product, considering products traded by both, Spain and United States.

During 2022, Spain had a large net trade with United States in the exports of Machines ($3.89B), Chemical Products ($3.13B), and Mineral Products ($2.81B).

During 2017, United States had a large net trade with Spain in the exports of Mineral Products ($14.6B), Chemical Products ($6.82B), and Machines ($1.98B).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain United States+$618MPackaged Medicaments
Top Product Potential United States Spain+$346MCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Spain and United States. This means that a dot/product with the flag of Spain indicates it has a comparative advantage over United States. Similarly, a dot/product with the flag of United States indicates it has a comparative advantage over Spain.

Product Space of Spain (Flag) and United States (Flag) (2022)

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