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Pricing

2022
Flag → Flag
Exports $20.8BRnk 6 / 218
2022
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Top Product $2.18BRefined Petroleum
2022
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Exports $29.6BRnk 17 / 219
2022
Flag → Flag
Top Product $7.77BPetroleum Gas
2022
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Economic Complexity (ECI) ECI 0.8Rnk 33 / 124
2022
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Economic Complexity (ECI) ECI 1.41Rnk 10 / 124
2022
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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
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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 In 2022, Spain exported $20.8B to United States. The main products that Spain exported to United States are Refined Petroleum ($2.18B), Pure Olive Oil ($687M), and Packaged Medicaments ($669M). During the last 27 years the exports of Spain to United States have increased at an annualized rate of 6.39%, from $3.92B in 1995 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 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). During the last 27 years the exports of United States to Spain have increased at an annualized rate of 5.8%, from $6.46B in 1995 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 0.8), and 20 in total exports ($394B). That same year, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T).

Latest Trends

January, 2024

About

Overview In January 2024, Spain exported €1.28B and imported €2.25B from United States, resulting in a negative trade balance of €974M. Between January 2023 and January 2024 the exports of Spain have decreased by €-195M (-13.2%) from €1.47B to €1.28B, while imports decreased by €-112M (-4.72%) from €2.37B to €2.25B.

Trade In January 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 January 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 January 2024 the exports of Spain were mainly from Barcelona (€237M), Madrid (€126M), Castellón (€122M), Valencia (€101M), and Sevilla (€71.1M), while imports destinations were mainly Madrid (€681M), Barcelona (€313M), Tarragona (€236M), Vizcaya (€221M), and Huelva (€181M).

Growth In January 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 January 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

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)€-195M(-13.2%)
IMPORT GROWTH (January 2023 - January 2024)€-112M(-4.72%)
MAIN EXPORTER (January 2024)Barcelona€237M

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.

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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 27 years the exports of Spain to United States have increased at an annualized rate of 6.39%, from $3.92B in 1995 to $20.8B in 2022.

In 2022, 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 27 years the exports of United States to Spain have increased at an annualized rate of 5.8%, from $6.46B in 1995 to $29.6B in 2022.

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 2021, countries that imported more from Spain than United States were Portugal ($34.9B), France ($65.2B), and Morocco ($12.1B).

In 2021, countries that imported more from United States than Spain were 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 2022, 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).

Service Trade

Bilateral Service Trade

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

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.

Service trade data is presented based on availability.

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

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

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 Spain has comparative advantage over United States. Similarly, the more yellow a dot/product is, the more United States has comparative advantage over Spain.

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

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