With a population of some 44 million, Spain exported US$9.8 billion worth of merchandise to the United States in 2006, up 14% from 2005 and up 71.3% in 4 years.
Spanish imports from the U.S. rose 7.1% to $7.4 billion in 2006, up 39.8% since 2002.
In terms of the merchandise flow between the two countries, America’s trade deficit with Spain was $2.4 billion in 2006, up 454% from 2002. The U.S. trade deficit with Spain increased 41.8% in 2006 – down from the 139% deficit increase in 2005 from the year earlier.
Spanish Exports to U.S.
Of the $9.8 billion in American imports from Spain in 2006, the following product categories had the highest values.
- Petroleum products … US$1.2 billion (12.7% of Spain from U.S. imports, up 75.5% from 2005)
- Medicinal, dental and pharmaceutical preparations … $877.8 million (8.9%, down 23.4%)
- Goods returned to U.S. then reimported … $398.1 million (4.1%, up 6%)
- Automotive parts & accessories … $387.3 million (3.9%, up 0.7%)
- Generators, transformers & accessories … $384.6 million (3.9%, up 184.1%)
- Collectibles (e.g. artwork, antiques, stamps) … $294 million (3%, up 26.9%)
- Nontextile floor & wall tiles … $289 million (2.9%, up 5.5%)
- Stone, sand, cement & lime … $278.6 million (2.8%, up 3.6%)
- Vegetables & preparations … $278.4 million (2.8%, down 7.7%)
- Industrial machines … $268.7 million (2.7%, up 23.9%)
Fastest-Growing Spanish Exports to U.S.
Below are American imports from Spain in 2006 with the highest percentage sales increases from 2005.
- Crude oil … US$13.9 million (new import since 2005)
- Nuclear materials & fuels … $3.1 million (new import since 2004)
- Civilian aircraft (complete) … $34.3 million (up 4542.4%)
- Non-chemical materials … $2.2 million (up 309.3%)
- Generators, transformers & accessories … $384.6 million (up 184.1%)
Spanish Imports from U.S.
Of the $7.4 billion in American exports to Spain in 2006, the following product categories had the highest values.
- Nuts …US$356 million (4.8% of Spain to U.S. exports, down 0.3% from 2005)
- Medicinal equipment … $349.3 million (4.7%, up 22.8%)
- Industrial engines … $324 million (4.4%, up 22.5%)
- Fuel oil … $270.7 million (3.7%, up 264.2%)
- Pharmaceutical productions … $269.7 million (3.6%, down 5.2%)
- Civilian aircraft (complete) … $258.1 million (3.5%, down 51.2%)
- Vehicle parts & accessories … $253.6 million (3.4%, up 6.4%)
- Civilian aircraft parts … $238.7 million (3.2%, up 0.5%)
- Telecommunications equipment … $230.6 million (3.1%, up 34.3%)
- Organic chemicals … $228.9 million (3.1%, up 14%)
Fastest-Growing Spanish Imports from U.S.
Below are American exports to Spain in 2006 with the highest percentage sales increases from 2005.
- Military aircraft (complete) … US$43.9 million (up a staggering 13,619% from 2005)
- Natural gas liquids … $7.8 million (up 5,461%)
- Aircraft launching gear, parachutes … $4.5 million (up 678%)
- Military apparel & footwear … $2.1 million (up 589%)
- Coal … $13.5 million (up 354%)
See also Spain's Top Imports & Exports 2008.
Sources
This analysis is based on latest statistics from the US Census Bureau - Foreign Trade Statistics and CIA World Factbook as of the date of article publication.
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