2022
Flag  
GDP
$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH
56.7%CURRENT US$
Rnk 45 / 186
2022
Flag
 GDP
$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH
5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
GDP PC 
$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH
47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC
$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH
3.63%CURRENT US$
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About

United States-Spain Trade: 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). Over the past 5 years the exports of United States to Spain have increased at an annualized rate of 17%, from $13.5B in 2017 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 Trade: 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). Over the past 5 years the exports of Spain to United States have increased at an annualized rate of 6.89%,  from $14.9B in 2017 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 1.47), and 2 in total exports ($1.95T). That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Company data: In 2023, leading companies such as Cosentino (4.19k), Soho Studio (2.13k), and John Deere (2.12k) were at the forefront of exporting goods from Spain to the United States. Conversely, Other (3.85k), Cosentino Global Slu (3.11k), and Unknown (2.22k) were notable for importing products to Spain from 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 5 years the exports of United States to Spain have increased at an annualized rate of 17%, from $13.5B in 2017 to $29.6B in 2022.

In 2017, 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 5 years the exports of Spain to United States have increased at an annualized rate of 6.89%, from $14.9B in 2022 to $20.8B in 2017.

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 2022, countries that imported more from United States than Spain included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Spain than United States included 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 2017, 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).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United States Spain+$346MCrude Petroleum
Top Product Potential Spain United States+$618MPackaged Medicaments

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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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)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Spain. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over United States.

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

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