Overview In May 2022 United States exported $2.58B and imported $2.31B from Spain, resulting in a positive trade balance of $261M. Between May 2021 and May 2022 the exports of United States have increased by $1.37B (113%) from $1.21B to $2.58B, while imports increased by $664M (40.3%) from $1.65B to $2.31B.
Trade In May 2022, the top exports of United States to Spain were Crude Petroleum ($716M), Petroleum Gas ($567M), Packaged Medicaments ($356M), Commodities not elsewhere specified ($65.8M), and Vaccines, blood, antisera, toxins and cultures ($62.2M). In May 2022 the top imports of United States from Spain were Refined Petroleum ($370M), Packaged Medicaments ($149M), Pure Olive Oil ($96M), Electric Generating Sets ($82.9M), and Vaccines, blood, antisera, toxins and cultures ($79.7M).
Origins In May 2022 the exports of United States were mainly from Texas ($1.11B), Puerto Rico ($328M), Louisiana ($318M), California ($126M), and Michigan ($52.7M), while imports destinations were mainly New Jersey ($442M), Texas ($277M), Florida ($177M), Illinois ($148M), and Pennsylvania ($129M).
Growth In May 2022, the increase in United States's year-by-year exports to Spain was explained primarily by an increase in product exports in Soybeans ($50.8M or 49.5%), Radioactive Chemicals ($46.4M or 236%), and Soybean Meal ($43.5M or 150k%). In May 2022, the increase in United States's year-by-year imports from Spain was explained primarily by an increase in product imports in Packaged Medicaments ($68M or 99.4%), Commodities not elsewhere specified ($24.3M or 48.1%), and Pure Olive Oil ($13.6M or 61.2%).
United States / Spain 
