00:00Trump threatens to cut off trade with Spain, but how important is their trade relationship?
00:10US President Donald Trump has threatened to cut off trade with Spain after Madrid refused
00:15to allow US forces to use its bases. But how significant is trade between the two countries?
00:22According to the US Census Bureau, the US exported around $26 billion of goods to Spain in 2025.
00:30The US also imported around $21 billion worth of goods from Spain,
00:35meaning the total goods trade between the two countries was about $47 billion.
00:40But Spain's economy depends more on trade with Europe than with the US.
00:45Data from Spain's Ministry of Trade shows the country exported
00:49€387 billion worth of goods in 2025. Nearly three-quarters of that went to European markets,
00:57with the EU alone accounting for 62%. Spain's main exports are machinery, chemicals,
01:03food products and cars. It sells large amounts of pharmaceuticals and olive oil to the United States.
01:10Madrid is less exposed to the US market than several other European economies.
01:15countries. In Ireland, more than a quarter of exports go to the US.
01:21Whilst for Germany, Italy and France, the share is around 10%. Spain's share in comparison is around 4-5%.
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