Belize (BLZ) and Spain (ESP) Trade | The Observatory of Economic Complexity

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Belize-Spain Trade: In 2022, Belize exported $28.7M to Spain. The main products that Belize exported to Spain were Raw Sugar ($16.2M), Non-fillet Frozen Fish ($8.51M), and Crustaceans ($1.33M). Over the past 5 years the exports of Belize to Spain have increased at an annualized rate of 9.04%, from $18.6M in 2017 to $28.7M in 2022.

In 2022, Belize did not export any services to Spain.

Spain-Belize Trade: In 2022, Spain exported $2.69M to Belize. The main products that Spain exported to Belize were Other Heating Machinery ($507k), Unglazed Ceramics ($399k), and Chemical Analysis Instruments ($180k). Over the past 5 years the exports of Spain to Belize have decreased at an annualized rate of 30.1%, from $16.1M in 2017 to $2.69M in 2022.

In 2022, Spain did not export any services to Belize.

Comparison In 2022, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index. That same year, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Belize exported $28.7M to Spain. The main products exported from Belize to Spain were Raw Sugar ($16.2M), Non-fillet Frozen Fish ($8.51M), and Crustaceans ($1.33M). During the last 5 years the exports of Belize to Spain have increased at an annualized rate of 9.04%, from $18.6M in 2017 to $28.7M in 2022.

In 2017, Spain exported $2.69M to Belize. The main products exported from Spain to Belize were Other Heating Machinery ($507k), Unglazed Ceramics ($399k), and Chemical Analysis Instruments ($180k). During the last 5 years the exports of Spain to Belize have decreased at an annualized rate of 30.1%, from $16.1M in 2022 to $2.69M in 2017.

Exports from Belize () to Spain () (2022)

Exports from Spain () to Belize () (2022)

Latest Data

Trade between Belize () and Spain ()

Belize Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belize
Top DestinationUnited States$86.5M

Spain
Top DestinationFrance$65.2B

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 2022, countries that imported more from Belize than Spain included Saint Kitts and Nevis ($805k) and Dominica ($1.29M).

In 2022, countries that imported more from Spain than Belize included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

Difference in imports from Spain () and Belize () (2022)

Comparative Advantage Belize - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Belize had a large net trade with Spain in the exports of Foodstuffs ($16.3M), Animal Products ($10M), and Vegetable Products ($1.56M).

During 2017, Spain had a large net trade with Belize in the exports of Machines ($942k), Stone And Glass ($408k), and Metals ($396k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

Exports from Belize () to Spain () (2022)

Exports from Spain () to Belize () (2022)

Latest Data

Trade between Belize () and Spain ()

Belize Exports

Spain Exports

Market Competitiveness

Difference in imports from Spain () and Belize () (2022)

Comparative Advantage Belize - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Belize () and Spain () (2022)

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