Olive oil will be the main product Tariff war from Donald TrumpThe field of the President of the United States in Spain after Pedro Sanchez demonstrated his refusal in order to reach up to 5% in defense costs, leaves this product, which is exposed to possible tariffs that the president decides to impose.
After the meeting of members of the transatlantic alliance in the Hague, Donald Trump already made it clear that he was determined that Spain will pay for a commercial channel who does not want to assume in NATO MediaField
A situation that will completely affect olive oil, which is the most exported product in the United States since 113,416 tons for 1013 million euros were sold in 2024, with 58% increases compared to 640 million 2023.
Trump announced his disposal differentiate Spain from the rest of the European Union, With whom he is already negotiating the agreement after a threat in April with what he calls mutual tariffs in order to correct the commercial deficit, which he considers unfair.
This situation may imply tariffs for specific products that They are more affected by SpainAs in the case of olive oil, but also other AGRI -plod products, such as wine or olives, in addition to fuel or drugs.
In total, Spain exported 18,179.1 million euros in 2024, which is 3.8% less than a year earlier, at the same time importing 28 192.6 million, which is 0.3% less, which leaves a commercial deficit for Spain in the amount of 10,013.5 million euros.
The second best product for the USA These are oil or mineral oilsAs part of the fuel section, whose export fell to half last year, from 2,028 million in 2023 to 1 004 million in 2024.
In another of the highest games, devices and electric materialSelects the export of electrical transformers, the sales of which have grown from 1,006 million from 2023 to 772 million in 2024.
The element of the medicine is also significant, whose sales are folded last year, out of 239 million from 2023 to 571 million in 2024, as well as the sale of spare parts and accessories, which in 2024 in 2024. They remained in 249 million.
In the context of export export in the United States, the sale of wine also increased by 2024, which amounted to 313 to 335 million, which is another of the most open products of the AGRO sector sector.
As for imports, its reduction in 2024 This was due to the slightest purchase of gas in the United StatesWhich was not compensated by the large acquisition of pharmaceutical products.
Since the war in Ukraine began in 2022, the United States has become the first supplier of the world of liquefied natural gas, although last year Spain reduced its gas account with this country from 3523 to 2,010 million euros.
In the section Pharmaceutical productsIt emphasizes an increase in the purchase in the blood to 1,952 million million compared to 1,377 million previous years, while orthopedic and orthopedic devices added 1,546 million people compared with 1,466 million in 2023.
