2022
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GDP
$25.5TCURRENT US$
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2012-2022
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GDP GROWTH
56.7%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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GDP PC 
$76,399CURRENT US$
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2012-2022
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GDP PC GROWTH
47.5%CURRENT US$
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2022
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GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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About

United States-Spain In 2022, United States exported $29.6B to Spain. The main products that United States exported to Spain are 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.

Spain-United States In 2022, Spain exported $20.8B to United States. The main products that Spain exported 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 2020, Spain exported services to United States worth $552M, with Travel ($552M) being the largest in terms of value.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B).

COMPANIES In 2023, leading companies such as COSENTINO NORTH AMERICA INC. (47.1k), IKEA SUPPLY AG (29.7k), and SOHO STUDIO LLC (11.8k) were at the forefront of exporting goods from Spain to the United States. Conversely, COSENTINO GLOBAL SLU (32.7k), COSENTINO GLOBAL S.A.U. (5.5k), and COSENTINO GLOBAL, S.L.U. (4.84k) were notable for importing Spain products to the United States.

Historical Data

Bilateral Trade by Products

Depth
Value

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.

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.

Exports from United States (Flag) to Spain (Flag) (2022)

Exports from Spain (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top Destination
Canada$308B
Spain
Top Destination
France$65.2B

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 ($308B), Mexico ($294B), and China ($151B).

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

Difference in imports from Spain (Flag) and United States (Flag) (2022)

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 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).

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).

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) (2022)

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