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U.S. exporters can find ample opportunities in the Iberian Peninsula. Spain is the third-largest European Union (EU) destination for U.S. agricultural products, with Portugal ranking 11th. In 2021, the United States exported $1.6 billion of agricultural products to Spain, or 15 percent of total U.S. agricultural exports to the EU. The United States held a 4 percent market share of Spain’s agricultural imports and 2 percent market share in Portugal, behind other EU member states as a group and Brazil.
The lack of alternative crops keeps Spanish cotton area highly inelastic. Despite good price expectations, tight water supplies in the Guadalquivir river basin and lower cotton specific payments may prevent Spanish cotton acreage from expanding...
In 2020, Spanish dairy industry sector continued to increase milk production and efficiency despite the COVID-19 pandemic and lower dairy consumption due to the closure of the hospitality sector. Conversely, Spanish household dairy consumption rose...
One year after the outbreak of the COVID-19 pandemic, Spanish consumers continue to adjust many aspects of their lives including the way they shop for food.
Despite the COVID-19 pandemic, in 2020, the Spanish meat sector overcame initial disruptions and worked at normal capacity to satisfy domestic and export demand.
In 2020, the United States exported $1.6 billion worth of agricultural, seafood and forest products to Spain.
The lack of alternative crops keeps Spanish cotton area highly inelastic.