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2023
Flag → Flag
Exports $35.5MRnk 3 / 127
2023
Flag → Flag
Top Product $20MRaw Sugar
2023
Flag → Flag
Exports $9.37MRnk 166 / 220
2023
Flag → Flag
Top Product $3.57MFishing Ships
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$3.07BCURRENT US$
Rnk 168 / 195
2013-2023
Flag
GDP GROWTH50.9%CURRENT US$
Rnk 74 / 195
2023
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 GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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GDP PC $7,460CURRENT US$
Rnk 101 / 195
2013-2023
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GDP PC GROWTH25.4%CURRENT US$
Rnk 86 / 195
2023
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GDP PC$33,509CURRENT US$
Rnk 40 / 196
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195

About

Belize-Spain Trade: In 2023, Belize exported $35.5M to Spain. The main products that Belize exported to Spain were Raw Sugar ($20M), Non-fillet Frozen Fish ($12.2M), and Molluscs ($1.53M). Over the past 5 years the exports of Belize to Spain have increased at an annualized rate of 3.34%, from $30.1M in 2018 to $35.5M in 2023.

In 2023, Belize did not export any services to Spain.

Spain-Belize Trade: In 2023, Spain exported $9.37M to Belize. The main products that Spain exported to Belize were Fishing Ships ($3.57M), Navigation Equipment ($3.07M), and Iron Structures ($558k). Over the past 5 years the exports of Spain to Belize have increased at an annualized rate of 16.4%,  from $4.39M in 2018 to $9.37M in 2023.

In 2023, Spain did not export any services to Belize.

Comparison In 2023,  Belize ranked 173 in total exports ($386M), and does not have data regarding Economic Complexity Index. That same year, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belize exported $35.5M to Spain. The main products exported from Belize to Spain were Raw Sugar ($20M), Non-fillet Frozen Fish ($12.2M), and Molluscs ($1.53M). During the last 5 years the exports of Belize to Spain have increased at an annualized rate of 3.34%, from $30.1M in 2018 to $35.5M in 2023.

In 2018, Spain exported $9.37M to Belize. The main products exported from Spain to Belize were Fishing Ships ($3.57M), Navigation Equipment ($3.07M), and Iron Structures ($558k). During the last 5 years the exports of Spain to Belize have increased at an annualized rate of 16.4%, from $4.39M in 2023 to $9.37M in 2018.

Exports from Belize (Flag) to Spain (Flag) (2023)

Exports from Spain (Flag) to Belize (Flag) (2023)

Latest Data

Trade between Belize (Flag) and Spain (Flag)

Belize Exports

Spain Exports

Market Competitiveness

Color
Belize
Top DestinationUnited States$86.2M
Spain
Top DestinationFrance$61.9B

This map shows whether countries import more from Belize or Spain. Each country is colored based on the difference in imports they receive from Belize and Spain or the difference in the growth in imports.

In 2023, countries that imported more from Belize than Spain included Saint Kitts and Nevis ($889k) and Anguilla ($169k).

In 2023, countries that imported more from Spain than Belize included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

Difference in imports from Spain (Flag) and Belize (Flag) (2023)

Comparative Advantage Belize - Spain

Flow
Scale

This chart compares trade between Belize and Spain by product, considering products traded by both, Belize and Spain.

During 2023, Belize had a large net trade with Spain in the exports of Foodstuffs ($20M), Animal Products ($13.8M), and Vegetable Products ($1.53M).

During 2018, Spain had a large net trade with Belize in the exports of Machines ($3.86M), Transportation ($3.64M), and Metals ($675k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belize and Spain. This means that a dot/product with the flag of Belize indicates it has a comparative advantage over Spain. Similarly, a dot/product with the flag of Spain indicates it has a comparative advantage over Belize.

Product Space of Belize (Flag) and Spain (Flag) (2023)

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