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Pricing

2023
Flag → Flag
Exports $22.9BRnk 6 / 220
2023
Flag → Flag
Top Product $1.9BRefined Petroleum
2023
Flag → Flag
Exports $29.9BRnk 16 / 220
2023
Flag → Flag
Top Product $5.85BCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
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GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
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GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$82,769CURRENT US$
Rnk 9 / 196
2013-2023
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GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195

About

Spain-United States Trade: In 2023, Spain exported $22.9B to United States. The main products that Spain exported to United States were Refined Petroleum ($1.9B), Packaged Medicaments ($1.41B), and Electrical Transformers ($1.05B). Over the past 5 years the exports of Spain to United States have increased at an annualized rate of 6.01%, from $17.1B in 2018 to $22.9B in 2023.

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 2023, United States exported $29.9B to Spain. The main products that United States exported to Spain were Crude Petroleum ($5.85B), Packaged Medicaments ($5.2B), and Petroleum Gas ($3.86B). Over the past 5 years the exports of United States to Spain have increased at an annualized rate of 14.5%,  from $15.2B in 2018 to $29.9B in 2023.

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 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.5), and 2 in total exports ($1.86T).

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €1.38B and imported €2.4B from United States, resulting in a negative trade balance of €1.02B. Between November 2023 and November 2024 the exports of Spain have decreased by €-243M (-14.9%) from €1.62B to €1.38B, while imports increased by €142M (6.3%) from €2.26B to €2.4B.

Trade In November 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 November 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 November 2024 the exports of Spain were mainly from Barcelona (€299M), Madrid (€184M), Valencia (€122M), Sevilla (€87.3M), and Castellón (€53.4M), while imports destinations were mainly Madrid (€1.02B), Barcelona (€251M), Tarragona (€192M), Huelva (€166M), and Asturias (€148M).

Growth In November 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 November 2024, the increase in Spain's year-by-year imports  from United States was explained primarily by an increase in product imports  in Soybeans (€114M or 163%), Crude Petroleum (€70.7M or 23.3%), and Gas Turbines (€66.6M or 298%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-243M(-14.9%)
IMPORT GROWTH (November 2023 - November 2024)€142M(6.3%)
MAIN EXPORTER (November 2024)Barcelona€299M

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 2023, Spain exported $22.9B to United States. The main products exported from Spain to United States were Refined Petroleum ($1.9B), Packaged Medicaments ($1.41B), and Electrical Transformers ($1.05B). During the last 5 years the exports of Spain to United States have increased at an annualized rate of 6.01%, from $17.1B in 2018 to $22.9B in 2023.

In 2018, United States exported $29.9B to Spain. The main products exported from United States to Spain were Crude Petroleum ($5.85B), Packaged Medicaments ($5.2B), and Petroleum Gas ($3.86B). During the last 5 years the exports of United States to Spain have increased at an annualized rate of 14.5%, from $15.2B in 2023 to $29.9B in 2018.

Exports from Spain (Flag) to United States (Flag) (2023)

Exports from United States (Flag) to Spain (Flag) (2023)

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
United States
Top DestinationCanada$269B

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 2023, countries that imported more from Spain than United States included Portugal ($38.1B), France ($61.9B), and Italy ($34.7B).

In 2023, countries that imported more from United States than Spain included Canada ($269B), Mexico ($243B), and China ($154B).

Difference in imports from United States (Flag) and Spain (Flag) (2023)

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 2023, Spain had a large net trade with United States in the exports of Chemical Products ($5.06B), Machines ($4.45B), and Mineral Products ($2.51B).

During 2018, United States had a large net trade with Spain in the exports of Mineral Products ($10.9B), Chemical Products ($7.83B), and Machines ($3.22B).

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) (2023)

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