Flag United States / Spain Flag

Exports Flag β†’ Flag  (2018): $13.8B, Rnk 21 / 215

Top Product Flag β†’ Flag (2018): $1.42B, Packaged Medicaments

Exports Flag β†’ Flag (2018): $15.6B, Rnk 6 / 209

Top Product Flag β†’ Flag (2018): $1.74B, Refined Petroleum

Economic Complexity of Flag (2018): ECI 1.57, Rnk 9 / 137

Economic Complexity of Flag (2018): ECI 0.85, Rnk 33 / 137

United States-Spain: In 2018, United States exported $13.8B to Spain. The main products exported from United States to Spain were Packaged Medicaments ($1.42B), Blood, antisera, vaccines, toxins and cultures ($896M), and Planes, Helicopters, and/or Spacecraft ($787M). During the last 23 years the exports of United States to Spain have increased at an annualized rate of 2.91%, from $7.14B in 1995 to $13.8B in 2018. In 2011, United States exported services to Spain worth $5.17B, with Travel ($2.12B), Royalties and license fees ($1.66B), and Transportation ($1.06B) being the largest in terms of value.

Spain-United States: In 2018, Spain exported $15.6B to United States. The main products exported from Spain to United States were Refined Petroleum ($1.74B), Cars ($717M), and Blood, antisera, vaccines, toxins and cultures ($586M). During the last 23 years the exports of Spain to United States have increased at an annualized rate of 6.28%, from $3.84B in 1995 to $15.6B in 2018. In 2017, Spain exported services to United States worth $0, with being the largest in terms of value.

Comparison: In 2018, United States ranked 9 in the Economic Complexity Index (ECI 1.57), and 3 in total exports ($1.44T). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.85), and 15 in total exports ($330B). N/A

Bilateral Trade by Products

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Depth
Value

In 2018, United States exported $13.8B to Spain. The main products exported from United States to Spain were Packaged Medicaments ($1.42B), Blood, antisera, vaccines, toxins and cultures ($896M), and Planes, Helicopters, and/or Spacecraft ($787M). During the last 23 years the exports of United States to Spain have increased at an annualized rate of 2.91%, from $7.14B in 1995 to $13.8B in 2018.

In 2018, Spain exported $15.6B to United States. The main products exported from Spain to United States were Refined Petroleum ($1.74B), Cars ($717M), and Blood, antisera, vaccines, toxins and cultures ($586M). During the last 23 years the exports of Spain to United States have increased at an annualized rate of 6.28%, from $3.84B in 1995 to $15.6B in 2018.

Market Competitiveness

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Measure

United States
Top Destination
: Mexico, $237B

Spain
Top Destination
: France, $48.6B

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 2018, countries that imported more from United States than Spain were Mexico ($237B), Canada ($190B), and China ($119B).

In 2018, countries that imported more from Spain than United States were Portugal ($27.2B), France ($48.6B), and Italy ($25.4B).

Comparative Advantage United States - Spain

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Depth

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

During 2018, United States had a large net trade with Spain in the exports of Chemical Products ($3.29B), Mineral Products ($2.4B), and Machines ($1.94B).

During 2018, Spain had a large net trade with United States in the exports of Machines ($3.03B), Mineral Products ($2.2B), and Chemical Products ($2.18B).

Tariff Section

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This sections shows import tariffs for products traded between United States and Spain (using the HS6 product classification and the last year reported).

In 2018, the products from United States that paid the highest import tariffs to enter Spain were Tobacco: smoking, other than water pipe tobacco, whether or not containing tobacco substitutes in any proportion (350%) and Homogenized or reconstituted tobacco (350%).

In 2017, the products from Spain that paid the highest import tariffs to enter United States were Sugar beet (178%) and Whey (173%).

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*The tariffs present between United States and Spain are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between United States and Spain. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

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Bilateral Service Trade

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In 2011, United States exported services to Spain worth $5.17B, with Travel ($2.12B), Royalties and license fees ($1.66B), and Transportation ($1.06B) being the largest in terms of value.

In 2017, Spain exported services to United States worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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