Spain

Spain ranked No. 23 in total trade value through June with a total of $14.58 billion. Exports totaled $6.95 billion and Imports totaled $7.63 billion, a deficit of $674.2 million.

U.S. trade with Spain rose to $14.58 billion through June

Spain’s trade with the United States rose to $14.58 billion through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 5.91 percent below its total trade during the same time period last year. U.S. exports to Spain decreased 6.16 percent while U.S. imports from Spain fell 5.69 percent. The U.S. deficit with Spain was $674.2 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Newark; No. 2 Port of Houston; No. 3 Port of Virginia; No. 4 Port of Charleston; and No. 5 Port of Corpus Christi, Texas. During the same period the previous year, the top five were No. 1 Port of Newark; No. 2 Port of Houston; No. 3 Port of Virginia; No. 4 John F. Kennedy International Airport and No. 5 Port of Charleston. In the current time period, the top five accounted for 40.71 percent of Spain’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark fell 15.13 percent to $2.11 billion.
    Exports fell 34.19 percent to $80.46 million. Imports fell 14.14 percent to $2.03 billion.
  • Trade with No. 2 Port of Houston rose 2.86 percent to $1.13 billion.
    Exports fell 0.17 percent to $424.52 million. Imports rose 4.78 percent to $703.73 million.
  • Trade with No. 3 Port of Virginia rose 0.8 percent to $1.02 billion.
    Exports rose 1.59 percent to $547.58 million. Imports fell 0.1 percent to $470.32 million.
  • Trade with No. 4 Port of Charleston rose 27.67 percent to $865.43 million.
    Exports rose 33.7 percent to $557.17 million. Imports rose 18.05 percent to $308.26 million.
  • Trade with No. 5 Port of Corpus Christi, Texas rose 462.11 percent to $811.7 million.
    Exports rose 375.52 percent to $656.08 million. Imports rose 2319.34 percent to $155.62 million.

Spain ranked No. 23 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 24.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Spain by value through June were the categories of Medicines in individual dosages; Civilian aircraft, parts; LNG, other petroleum gases; Oil; and Almonds, walnuts, pistachios, hazelnuts, etc., respectively. They accounted for 47.86 percent of total exports to Spain.

The value of the top five categories of U.S. imports from Spain –– Medicines in individual dosages; Gasoline, other fuels; Plasma, vaccines, blood; Power supplies, transformers; and Misc. engines and motors, parts –– accounted for 24.82 percent of all inbound shipments.

Looking more closely at U.S. exports to Spain:

  • Medicines in individual dosages rose 18.66 percent compared to last year to $906.61 million.
  • Civilian aircraft, parts fell 0.69 percent compared to last year to $776.66 million.
  • LNG, other petroleum gases rose 10.93 percent compared to last year to $751.08 million.
  • Oil rose 43.48 percent compared to last year to $543.88 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. fell 7.91 percent compared to last year to $348.83 million.

Looking more closely at U.S. imports from Spain:

  • Medicines in individual dosages rose 149.19 percent compared to last year to $779.31 million.
  • Gasoline, other fuels fell 54.86 percent compared to last year to $307.68 million.
  • Plasma, vaccines, blood rose 31.42 percent compared to last year to $306.68 million.
  • Power supplies, transformers rose 190.45 percent compared to last year to $252.85 million.
  • Misc. engines and motors, parts rose 282.26 percent compared to last year to $246.27 million.

In the latest annual figures available, Spain recorded $31.9 billion in trade with the United States. Total U.S. exports to Spain were $ 15.1 billion and imports from Spain were $16.79 billion. The U.S. deficit with Spain was $1.69 billion.