Basic metals exports from Spain to the US showed fluctuating trends between 2013 and 2023. In 2023, exports reached 680.31 million USD. Over the last two years, there were slight increases in exports with year-on-year variations of 1.81% in 2022 and 1.74% in 2023. The Compound Annual Growth Rate (CAGR) for the last five years was 1.09%.
Future forecasts from 2024 to 2028 suggest a steady increase, with a projected CAGR of 1.35% and an overall growth rate of 6.92%. This signals consistent growth, albeit at a moderate pace. Future trends to watch for include potential market fluctuations due to economic and geopolitical factors, as well as shifts in supply chain dynamics and trade policies that could impact export volumes and values.
