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Spain

Spain ranked No. 25 in total trade value through October with a total of $25.79 billion. Exports totaled $10.97 billion and Imports totaled $14.82 billion, a deficit of $3.84 billion.

January – October 2018

Top Trading Ports

Total Trade: $25.79 billion

RankPortTotal YTD
1Port of Newark $3,647,831,283
2Port of Houston $2,154,380,321
3Port of Virginia $1,684,526,394
4John F. Kennedy International Airport $1,487,311,865
5Port of New Orleans $1,240,694,803
6Port of Savannah, Ga. $1,090,985,029
7Chicago O’Hare International Airport $1,048,061,851
8Port of Charleston $944,149,043
9Miami International Airport $788,309,834
10San Juan International Airport, P.R. $785,598,342

U.S. trade with Spain rose to $25.79 billion through October

Spain’s trade with the United States rose to $25.79 billion through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 17.29 percent above its total trade during the same time period last year. Spain’s exports increased 17.83 percent while imports rose 16.89 percent. The U.S. deficit with Spain was $3.84 billion.

Through October, 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 Port of Houston No. 3 Port of Virginia No. 4 John F. Kennedy International Airport and No. 5 Chicago O’Hare International Airport. In the current time period, the top five accounted for 39.6 percent of Spain’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 15.84 percent to $3.65 billion.
    Exports rose 20.83 percent to $111.54 million. Imports rose 15.69 percent to $3.54 billion.
  • Trade with No. 2 Port of Houston rose 22.84 percent to $2.15 billion.
    Exports rose 38.87 percent to $877.83 million. Imports rose 13.81 percent to $1.28 billion.
  • Trade with No. 3 Port of Virginia rose 16.64 percent to $1.68 billion.
    Exports rose 31.05 percent to $853.28 million. Imports rose 4.8 percent to $831.24 million.
  • Trade with No. 4 John F. Kennedy International Airport rose 24.9 percent to $1.49 billion.
    Exports rose 11.15 percent to $460.21 million. Imports rose 32.23 percent to $1.03 billion.
  • Trade with No. 5 Port of New Orleans rose 70.71 percent to $1.24 billion.
    Exports rose 77.24 percent to $821.44 million. Imports rose 59.22 percent to $419.26 million.

Spain ranked No. 25 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 28.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Spain by value through October were the categories of Civilian aircraft, parts; Medicines in individual dosages; Plasma, vaccines, blood; Almonds, walnuts, pistachios, hazelnuts, etc.; and Oil, respectively. They accounted for 34.31 percent of total exports to Spain.

The value of the top five categories of U.S. imports from Spain –– Gasoline, other fuels; Medicines in individual dosages; Motor vehicles for transporting people; Paintings, drawings and other artwork; and Plasma, vaccines, blood –– accounted for 27.48 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 10.48 percent compared to last year to $1.07 billion.
  • Medicines in individual dosages rose 4.68 percent compared to last year to $946.69 million.
  • Plasma, vaccines, blood rose 23.26 percent compared to last year to $696.61 million.
  • Almonds, walnuts, pistachios, hazelnuts, etc. rose 4.64 percent compared to last year to $566.81 million.
  • Oil rose 95.79 percent compared to last year to $481.13 million.

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

  • Gasoline, other fuels rose 59.18 percent compared to last year to $1.63 billion.
  • Medicines in individual dosages rose 257.16 percent compared to last year to $1 billion.
  • Motor vehicles for transporting people fell 6.33 percent compared to last year to $581.25 million.
  • Paintings, drawings and other artwork rose 76.54 percent compared to last year to $435.84 million.
  • Plasma, vaccines, blood fell 11.46 percent compared to last year to $424.93 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.