Economy
This is the third most exported product from the United States to Spain - and it’s found in every medicine cabinet
The third most exported product from the US to Spain has remained the same from 2022 to 2024, and is one you’ll have at home.
The United States and Spain share one of the most robust trade relationships in the world. According to data from the US Embassy in Spain, the total annual investments and bilateral trade between Madrid and Washington amount to $1.6 trillion.
Will Trump’s return threaten Spain’s relationship with the US?
However, with Donald Trump’s return to the White House, these dynamics could change. The Republican president mistakenly identified Spain as a member of the BRICS group, which includes emerging economies like Brazil, Russia, India, China, and South Africa, along with other developing countries.
This group recently proposed creating a new international currency to rival the dollar, prompting Trump to announce 100% tariffs on their trade with the US. The confusion likely stemmed from the ‘S’ in BRICS, which stands for South Africa, not Spain, which has never been part of this economic and political forum.
Additionally, Spain spends the least on defense among NATO members. The Alliance agreed at its last summit that all member countries should allocate a minimum of 2% of their GDP to military spending. Spain currently spends only 1.28%. Trump has demanded that member states increase this percentage to 5%.
Most exported products from the United States to Spain
Despite these controversies, in terms of exports within US-Spain trade relations, the Observatory of Economic Complexity (OEC) reports that packaged medications were the third most exported product from the US to Spain in both 2022 and October 2024. Spain’s main imports from the US are petroleum gas and crude oil.
On the flip side, Spain’s top export to the U.S. is also packaged medications, valued at $188 million, surpassing refined petroleum, electrical transformers, and vaccines and antisera.
Original article written by Alejandro Cuñas, translated with the assistance of AI and edited by Roddy Cons.
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