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Spain

Spain ranked No. 26 in total trade value through February with a total of $4.6 billion. Exports totaled $2.32 billion and Imports totaled $2.28 billion, a surplus of $34.81 million.

January – February 2019

Top Trading Ports

Total Trade: $4.6 billion

RankPortTotal YTD
1Port of Newark $727,310,208
2Port of Houston $335,518,007
3Port of Virginia $287,570,720
4John F. Kennedy International Airport $287,494,640
5Port of New Orleans $271,843,064
6San Juan International Airport, P.R. $220,589,616
7Port of Savannah, Ga. $200,326,588
8Chicago O’Hare International Airport $181,287,961
9Port of Oakland, Calif. $162,389,376
10Cleveland’s Hopkins International Airport, Ohio $126,229,731

U.S. trade with Spain rose to $4.6 billion through February

Spain’s trade with the United States rose to $4.6 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 6.35 percent below its total trade during the same time period last year. Spain’s exports increased 16.07 percent while imports fell 21.7 percent. The U.S. surplus with Spain was $34.81 million.

Through February, 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 John F. Kennedy International Airport; and No. 5 Port of New Orleans. During the same period the previous year, the top five were No. 1 Port of Newark No. 2 Miami International Airport No. 3 Port of Virginia No. 4 Port of Houston and No. 5 Port of Charleston. In the current time period, the top five accounted for 41.52 percent of Spain’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 17.81 percent to $727.31 million.
    Exports fell 6.64 percent to $22.1 million. Imports rose 18.79 percent to $705.21 million.
  • Trade with No. 2 Port of Houston fell 5.4 percent to $335.52 million.
    Exports rose 6.95 percent to $154.61 million. Imports fell 13.9 percent to $180.9 million.
  • Trade with No. 3 Port of Virginia fell 23.45 percent to $287.57 million.
    Exports fell 13.2 percent to $148.99 million. Imports fell 32.08 percent to $138.58 million.
  • Trade with No. 4 John F. Kennedy International Airport rose 4.56 percent to $287.49 million.
    Exports rose 20.23 percent to $130.35 million. Imports fell 5.65 percent to $157.15 million.
  • Trade with No. 5 Port of New Orleans rose 49.2 percent to $271.84 million.
    Exports rose 74.77 percent to $225.52 million. Imports fell 12.86 percent to $46.32 million.

Spain ranked No. 26 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 25.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Spain by value through February were the categories of Medicines in individual dosages; Petroleum gases, other gaseous hydrocarbons; Soybeans; Civilian aircraft, parts; and Almonds, walnuts, pistachios, hazelnuts, etc., respectively. They accounted for 39.22 percent of total exports to Spain.

The value of the top five categories of U.S. imports from Spain –– Commercial vehicles; Medicines in individual dosages; Plasma, vaccines, blood; Olive oil; and Gasoline, other fuels –– accounted for 17.84 percent of all inbound shipments.

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

  • Medicines in individual dosages rose 77.83 percent compared to last year to $256.15 million.
  • Petroleum gases, other gaseous hydrocarbons rose 176.17 percent compared to last year to $189.09 million.
  • Soybeans rose 48.22 percent compared to last year to $169.26 million.
  • Civilian aircraft, parts fell 36.48 percent compared to last year to $165.03 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. rose 6.34 percent compared to last year to $129.25 million.

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

  • Commercial vehicles rose 157.43 percent compared to last year to $109.12 million.
  • Medicines in individual dosages fell 79.63 percent compared to last year to $82.57 million.
  • Plasma, vaccines, blood fell 24.54 percent compared to last year to $77.79 million.
  • Olive oil rose 14.12 percent compared to last year to $71.01 million.
  • Gasoline, other fuels fell 75.88 percent compared to last year to $66.73 million.

In the latest annual figures available, Spain recorded $26.68 billion in trade with the United States. At year’s end, its were New York City; Houston; Atlanta/Savannah; Norfolk; and New Orleans. Total U.S. exports to Spain were $ 11.01 billion and imports from Spain were $15.66 billion. The U.S. deficit with Spain was $4.65 billion.