2021
Flag  
GDP
$23.3TCURRENT US$
Rnk 1 / 204
2011-2021
Flag
GDP GROWTH
49.5%CURRENT US$
Rnk 51 / 204
2021
Flag
 GDP
$1.43TCURRENT US$
Rnk 14 / 204
2011-2021
Flag
GDP GROWTH
-3.6%CURRENT US$
Rnk 177 / 204
2021
Flag
GDP PC 
$70,219CURRENT US$
Rnk 10 / 204
2011-2021
Flag
GDP PC GROWTH
40.3%CURRENT US$
Rnk 47 / 204
2021
Flag
GDP PC
$30,104CURRENT US$
Rnk 45 / 204
2011-2021
Flag
GDP PC GROWTH
-4.97%CURRENT US$
Rnk 158 / 204

About

United States-Spain In 2021, United States exported $17.3B to Spain. The main products that United States exported to Spain are Packaged Medicaments ($2.58B), Petroleum Gas ($2.44B), and Crude Petroleum ($2.12B). During the last 26 years the exports of United States to Spain have increased at an annualized rate of 3.91%, from $6.37B in 1995 to $17.3B in 2021.

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.

Spain-United States In 2021, Spain exported $17.8B to United States. The main products that Spain exported to United States were Refined Petroleum ($1.37B), Unglazed Ceramics ($540M), and Pure Olive Oil ($534M). During the last 26 years the exports of Spain to United States have increased at an annualized rate of 6.02%, from $3.89B in 1995 to $17.8B in 2021.

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

Comparison In 2021,  United States ranked 10 in the Economic Complexity Index (ECI 1.46), and 2 in total exports ($1.63T). That same year, Spain ranked 35 in the Economic Complexity Index (ECI 0.78), and 16 in total exports ($372B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, United States exported $17.3B to Spain. The main products exported from United States to Spain were Packaged Medicaments ($2.58B), Petroleum Gas ($2.44B), and Crude Petroleum ($2.12B). During the last 26 years the exports of United States to Spain have increased at an annualized rate of 3.91%, from $6.37B in 1995 to $17.3B in 2021.

In 2021, Spain exported $17.8B to United States. The main products exported from Spain to United States were Refined Petroleum ($1.37B), Unglazed Ceramics ($540M), and Pure Olive Oil ($534M). During the last 26 years the exports of Spain to United States have increased at an annualized rate of 6.02%, from $3.89B in 1995 to $17.8B in 2021.

Exports from United States (Flag) to Spain (Flag) (2021)

Exports from Spain (Flag) to United States (Flag) (2021)

Market Competitiveness

Color
United States
Top Destination
Canada$259B
Spain
Top Destination
France$59B

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

In 2021, countries that imported more from United States than Spain were Canada ($259B), Mexico ($247B), and China ($151B).

In 2021, countries that imported more from Spain than United States were France ($59B), Portugal ($30.5B), and Italy ($30.6B).

Difference in imports from Spain (Flag) and United States (Flag) (2021)

Comparative Advantage United States - Spain

Flow
Scale

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

During 2021, United States had a large net trade with Spain in the exports of Mineral Products ($5.62B), Chemical Products ($4.98B), and Machines ($1.89B).

During 2021, Spain had a large net trade with United States in the exports of Machines ($3.99B), Chemical Products ($2.66B), and Mineral Products ($1.72B).

Service Trade

Bilateral Service Trade

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.

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

Service trade data is presented based on availability.

Services Exports from United States (Flag) to Spain (Flag) (2017)

Services Exports from Spain (Flag) to United States (Flag) (2020)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United States has comparative advantage over Spain. Similarly, the more yellow a dot/product is, the more Spain has comparative advantage over United States.

Product Space of United States (Flag) and Spain (Flag) (2021)

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