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Trade between Spain and the United States

In 2024, Spain exported $21.2 billion to the United States and imported $28.8 billion. Spain ran a deficit of $7.6 billion with the United States, compared with a deficit of $66 million in 2019. The United States was Spain’s 6th largest trading partner (6% of its trade), and Spain was the United States’ 20th (1%).

Summary

Spain → United States
$21.2billion
United States → Spain
$28.8billion
Spain’s balance
-$7.6billion

Balance

Spain’s trade balance with the United States

Trade between Spain and the United States grew 4.4-fold since 1995

USD billions (current). Spain’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 21.2
  • Imports 28.8
  • Balance -7.6

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$4 billion$7.4 billion-$3.5 billion
1996$4.5 billion$7.5 billion-$3 billion
1997$4.8 billion$7.4 billion-$2.6 billion
1998$4.9 billion$7.6 billion-$2.7 billion
1999$5.2 billion$8 billion-$2.8 billion
2000$6 billion$7.7 billion-$1.8 billion
2001$5.3 billion$6.8 billion-$1.5 billion
2002$6 billion$6.6 billion-$622 million
2003$7.2 billion$7.2 billion$7 million
2004$7.9 billion$8.8 billion-$849 million
2005$9.1 billion$9.1 billion-$34 million
2006$10.6 billion$10.3 billion$296 million
2007$11.4 billion$13.3 billion-$1.9 billion
2008$12 billion$16.3 billion-$4.3 billion
2009$8.7 billion$11.5 billion-$2.8 billion
2010$8.9 billion$12.4 billion-$3.5 billion
2011$11.5 billion$14.6 billion-$3.1 billion
2012$11.7 billion$12 billion-$308 million
2013$11.9 billion$13.3 billion-$1.4 billion
2014$15.1 billion$13.5 billion$1.6 billion
2015$14.2 billion$13.8 billion$453 million
2016$13.9 billion$13.9 billion-$39 million
2017$16 billion$14.8 billion$1.2 billion
2018$17.2 billion$15.2 billion$2 billion
2019$16.9 billion$17 billion-$66 million
2020$15.6 billion$15.8 billion-$204 million
2021$18.5 billion$19.9 billion-$1.5 billion
2022$23.3 billion$35 billion-$11.7 billion
2023$22.8 billion$29.9 billion-$7.2 billion
2024$21.2 billion$28.8 billion-$7.6 billion

What they sell each other

What Spain sells to the United States

The top 10 headings in 2024, with their share of the total.

  1. 21 thousand tonnes · Spain’s destinations
  2. Olive oil$1.2 billion · 5.5%
    121 thousand tonnes · Spain’s destinations
  3. Refined petroleum$946 million · 4.5%
    1.3 million tonnes · Spain’s destinations
  4. 30 thousand tonnes
  5. Vaccines, blood and antisera$812 million · 3.8%
    245 tonnes · Spain’s destinations
  6. Perfumes$772 million · 3.7%
    18 thousand tonnes · Spain’s destinations
  7. Ceramic tiles$548 million · 2.6%
    821 thousand tonnes
  8. 330 thousand tonnes
  9. Wine$405 million · 1.9%
    68 thousand tonnes · Spain’s destinations
  10. Turbojets and gas turbines$291 million · 1.4%
    326 tonnes · Spain’s destinations

What the United States sells to Spain

The top 10 headings in 2024, with their share of the total.

  1. Crude petroleum$6.3 billion · 22%
    10.2 million tonnes · the United States’ destinations
  2. 1 thousand tonnes · the United States’ destinations
  3. Natural gas and LPG$2 billion · 7%
    4.1 million tonnes
  4. 3 thousand tonnes · the United States’ destinations
  5. Turbojets and gas turbines$1.4 billion · 4.9%
    791 tonnes · the United States’ destinations
  6. Refined petroleum$987 million · 3.4%
    1.2 million tonnes · the United States’ destinations
  7. Airplanes and helicopters$818 million · 2.8%
    827 tonnes · the United States’ destinations
  8. Aircraft parts$688 million · 2.4%
    3 thousand tonnes
  9. Soybeans$680 million · 2.4%
    1.4 million tonnes · the United States’ destinations
  10. Medical and dental instruments$590 million · 2.1%
    4 thousand tonnes · the United States’ destinations

How it travels

Estimated sea route from Valencia to Los Angeles.

The estimated sea route between Valencia and Los Angeles is 7,949 nautical miles (14,722 km) long: ≈ 18.5–23.5 days at sea (at 18 and 14 knots).

Passages it crosses: Strait of Gibraltar and Panama Canal.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$31.4 billion · 63%
  2. Air$18.5 billion · 37%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

The United States was Spain’s 6th largest trading partner (6% of its trade), and Spain was the United States’ 20th (1%).

The United States in Spain’s trade
6%
The United States’ rank among Spain’s partners
6th
Spain in the United States’ trade
1%
Spain’s rank among the United States’ partners
20th

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.