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Spain

Spain ranked No. 24 in total trade value through August with a total of $21.04 billion. Exports totaled $9.79 billion and Imports totaled $11.25 billion, a deficit of $1.46 billion.

January – August 2019

Top Trading Ports

Total Trade: $21.04 billion

RankPortTotal YTD
1Port of Newark $3,305,028,566
2Port of Houston $1,589,431,151
3Port of Virginia $1,312,849,272
4John F. Kennedy International Airport $1,115,123,828
5Chicago O’Hare International Airport $942,694,683
6Port of Savannah, Ga. $879,423,435
7San Juan International Airport, P.R. $874,123,271
8Port of Charleston $791,038,071
9Port of Oakland, Calif. $666,738,483
10Port of New Orleans $664,698,281

U.S. trade with Spain rose to $21.04 billion through August

Spain’s trade with the United States rose to $21.04 billion through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 0.47 percent above its total trade during the same time period last year. U.S. exports to Spain increased 14.42 percent while U.S. imports from Spain fell 9.17 percent. The U.S. deficit with Spain was $1.46 billion.

Through August, 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 Chicago O’Hare International Airport. 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 New Orleans. In the current time period, the top five accounted for 39.28 percent of Spain’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Newark rose 10.2 percent to $3.31 billion.
    Exports rose 63.14 percent to $145.47 million. Imports rose 8.58 percent to $3.16 billion.
  • Trade with No. 2 Port of Houston fell 10.76 percent to $1.59 billion.
    Exports fell 13.38 percent to $613.07 million. Imports fell 9.04 percent to $976.36 million.
  • Trade with No. 3 Port of Virginia fell 4.77 percent to $1.31 billion.
    Exports fell 7.77 percent to $633.38 million. Imports fell 1.79 percent to $679.47 million.
  • Trade with No. 4 John F. Kennedy International Airport fell 3.23 percent to $1.12 billion.
    Exports rose 2.66 percent to $360.27 million. Imports fell 5.8 percent to $754.86 million.
  • Trade with No. 5 Chicago O’Hare International Airport rose 10.83 percent to $942.69 million.
    Exports fell 5.55 percent to $365.49 million. Imports rose 24.5 percent to $577.2 million.

Spain ranked No. 24 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 $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Spain by value through August were the categories of Medicines in individual dosages; Civilian aircraft, parts; Petroleum gases, other gaseous hydrocarbons; Oil; and Gasoline, other fuels, respectively. They accounted for 39.99 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; Commercial vehicles; Olive oil; and Plasma, vaccines, blood –– accounted for 21.89 percent of all inbound shipments.

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

  • Medicines in individual dosages rose 40.4 percent compared to last year to $1.03 billion.
  • Civilian aircraft, parts fell 5.67 percent compared to last year to $896.24 million.
  • Petroleum gases, other gaseous hydrocarbons rose 174.85 percent compared to last year to $770.12 million.
  • Oil rose 120.68 percent compared to last year to $672.27 million.
  • Gasoline, other fuels rose 165.24 percent compared to last year to $545.93 million.

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

  • Gasoline, other fuels fell 29.28 percent compared to last year to $980.2 million.
  • Medicines in individual dosages fell 55.61 percent compared to last year to $415.95 million.
  • Commercial vehicles rose 39.61 percent compared to last year to $403.8 million.
  • Olive oil rose 1.38 percent compared to last year to $341.22 million.
  • Plasma, vaccines, blood fell 15.74 percent compared to last year to $321.43 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.