Spain faces the 20 % tariffs imposed by the United States to the EU With a negative commercial balance with respect to this country (more than exported), after 6.9 %increased, up to 10,013.5 million euros, 649.8 million higher than that registered in 2023.
Olive oil, Spanish product most affected by tariffs
In the new world commercial scenario, the Spanish product most affected by the tariffs of the Donald Trump administration will be the olive oilthe best selling to the US in 2024, according to the data of the Ministry of Commerce of the Ministry of Economy.
Last year they were sent 113,416 tons of olive oil for 1,013 million euros, compared to 640 million 2023.
In total Spain exported in 2024 to the US 18,179.1 million euros3.8 % less than a year earlier, while imported 28,192.6 million, 0.3 % less.
The other products most affected by Trump’s tariffs
The second best -selling product to the US, and therefore affected to a greater extent by tariffs, are the oil or mineral oilswithin the fuel section, whose export fell to half last year, from 2,028 million in 2023 to 1,004 million in 2024.
Within another of the highest games, that of Electrical devices and materialhighlights the export of electric transformerswhose sales went from 1,006 million from 2023 to 772 million in 2024.
Another significant game is that of medicationswhose sales folded last year, of the 239 million from 2023 to 571 million in 2024.
In a context of dropping exports to the US, the Sale of winewhich went from 313 to 335 million, another of the products of the agri -food sector that will be affected to a greater extent by tariffs.
Within Automobile sectorfor which tariffs rise to 25 %, the greatest impact per volume will be for sales of vehicle parts and accessories that in 2024 remained at 249 million.
Less imports for the smallest purchase of gas to the US
In the case of lower imports, the decrease is due to the lowest gas purchase to the US, which It was not compensated by a greater acquisition of pharmaceutical products.
Since the Ukraine War in 2022The US has become the first world supplier of liquefied natural gas, although last year Spain decreased its gas bill with this country from 3,523 to 2,010 million euros.
Within the pharmaceutical products section, the Increased blood purchase up to 1,952 million, compared to 1,377 million in the previous year, while OPTICS AND ORTOPEDIA APPLIANCES They added 1,546 million, compared to 1,466 million in 2023.
