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Pricing

2022
Flag → Flag
Exports $94.4MRnk 111 / 218
2022
Flag → Flag
Top Product $9.65MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $27.9MRnk 43 / 125
2022
Flag → Flag
Top Product $4.31MElectrical Transformers
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.82Rnk 32 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH10.8%CURRENT US$
Rnk 144 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH13.7%CURRENT US$
Rnk 101 / 186

About

Spain-Belarus Trade: In 2022, Spain exported $94.4M to Belarus. The main products that Spain exported to Belarus were Motor vehicles; parts and accessories (8701 to 8705) ($9.65M), Unglazed Ceramics ($5.52M), and Rubber Tires ($4.85M). Over the past 5 years the exports of Spain to Belarus have decreased at an annualized rate of 9.75%, from $158M in 2017 to $94.4M in 2022.

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

Belarus-Spain Trade: In 2022, Belarus exported $27.9M to Spain. The main products that Belarus exported to Spain were Electrical Transformers ($4.31M), Molasses ($4.09M), and Nitrites and Nitrates ($2.79M). Over the past 5 years the exports of Belarus to Spain have decreased at an annualized rate of 2.35%,  from $33.8M in 2017 to $27.9M in 2022.

In 2014, Belarus exported services to Spain worth $232k, with Computer and information services ($186k), Insurance services ($30k), and Government services, n.i.e. ($16k) being the largest in terms of value.

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Latest Trends

August, 2024

About

Overview In August 2024, Spain exported €11.3M and imported €700k from Belarus, resulting in a positive trade balance of €10.6M. Between August 2023 and August 2024 the exports of Spain have increased by €5.68M (101%) from €5.64M to €11.3M, while imports increased by €467k (200%) from €234k to €700k.

Trade In August 2024, the top exports of Spain to Belarus were Polyamides (€949k), Unglazed Ceramics (€470k), Ethylene Polymers (€470k), Raw Plastic Sheeting (€423k), and Scented Mixtures (€419k). In August 2024 the top imports of Spain from Belarus were Other Vegetable Residues (€1.17M), Antiknock (€257k), Basketwork (€220k), Glass Fibers (€84.3k), and Other Furniture (€83.9k).

Origins In August 2024 the exports of Spain were mainly from Girona (€2.35M), Barcelona (€2.28M), Castellón (€1.66M), Córdoba (€1.28M), and Navarra (€643k), while imports destinations were mainly Vizcaya (€369k), Barcelona (€126k), Valencia (€84.5k), Tarragona (€60.1k), and Madrid (€39.9k).

Growth In August 2024, the increase in Spain's year-by-year exports to Belarus was explained primarily by an increase in product exports in Ethylene Polymers (€375k or 396%), Raw Plastic Sheeting (€223k or 111%), and Vegetable Alkaloids (€186k or 938%). In August 2024, the increase in Spain's year-by-year imports  from Belarus was explained primarily by an increase in product imports  in Antiknock (€209k or 435%), Quaternary Ammonium Salts and Hydroxides (€14.7k or 66.7%), and Basketwork (€6.79k or 3.19%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)€5.68M(101%)
IMPORT GROWTH (August 2023 - August 2024)€467k(200%)
MAIN EXPORTER (August 2024)Girona€2.35M

This section shows exports and imports data at subnational level for Spain. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Spain over time.

To check Belarus and Spain trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belarus and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $94.4M to Belarus. The main products exported from Spain to Belarus were Motor vehicles; parts and accessories (8701 to 8705) ($9.65M), Unglazed Ceramics ($5.52M), and Rubber Tires ($4.85M). During the last 5 years the exports of Spain to Belarus have decreased at an annualized rate of 9.75%, from $158M in 2017 to $94.4M in 2022.

In 2017, Belarus exported $27.9M to Spain. The main products exported from Belarus to Spain were Electrical Transformers ($4.31M), Molasses ($4.09M), and Nitrites and Nitrates ($2.79M). During the last 5 years the exports of Belarus to Spain have decreased at an annualized rate of 2.35%, from $33.8M in 2022 to $27.9M in 2017.

Exports from Spain (Flag) to Belarus (Flag) (2022)

Exports from Belarus (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Belarus
Top DestinationChina$1.6B

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

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

In 2022, countries that imported more from Belarus than Spain included Ukraine ($1.29B), Kazakhstan ($827M), and Uzbekistan ($386M).

Difference in imports from Belarus (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Belarus

Flow
Scale

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

During 2022, Spain had a large net trade with Belarus in the exports of Plastics and Rubbers ($17.5M), Chemical Products ($17.4M), and Foodstuffs ($12.7M).

During 2017, Belarus had a large net trade with Spain in the exports of Foodstuffs ($6.34M), Chemical Products ($4.52M), and Machines ($4.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain Belarus+$8.54MMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Belarus Spain+$2.95MOther Furniture

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

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

Product Space of Spain (Flag) and Belarus (Flag) (2022)

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