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

About

Spain-Belize In 2020, Spain exported $6.19M to Belize. The main products that Spain exported to Belize are Stone Processing Machines ($4.37M), Cold-Rolled Iron ($113k), and Transmissions ($101k). During the last 25 years the exports of Spain to Belize have increased at an annualized rate of 3.12%, from $2.87M in 1995 to $6.19M in 2020.

In 2020, Spain did not export any services to Belize.

Belize-Spain In 2020, Belize exported $16.6M to Spain. The main products that Belize exported to Spain were Non-fillet Frozen Fish ($12.5M), Bananas ($1.5M), and Raw Sugar ($1.08M). During the last 25 years the exports of Belize to Spain have increased at an annualized rate of 2.22%, from $9.61M in 1995 to $16.6M in 2020.

In 2020, Belize did not export any services to Spain.

Comparison In 2020, Spain ranked 34 in the Economic Complexity Index (ECI 0.76), and 17 in total exports ($298B). That same year, Belize ranked 170 in total exports ($384M), and does not have data regarding Economic Complexity Index.

Latest Trends

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November, 2022

About

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Overview In November 2022, Spain exported €57.6k and imported €1.65M from Belize, resulting in a negative trade balance of €1.6M. Between November 2021 and November 2022 the exports of Spain have decreased by €-572k (-90.9%) from €629k to €57.6k, while imports decreased by €-122k (-6.89%) from €1.78M to €1.65M.

Trade In November 2022, the top exports of Spain to Belize were Packaged Medicaments (€36.6k), Other Heating Machinery (€12.6k), Refrigerators (€5.38k), Copper Pipes (€2.55k), and Other Furniture (€412). In November 2022 the top imports of Spain from Belize were Crustaceans (€855k), Raw Sugar (€478k), Bananas (€214k), Maté (€96.8k), and Engine Parts (€6.07k).

Origins In November 2022 the exports of Spain were mainly from Barcelona (€33.1k), Madrid (€18.7k), Córdoba (€5.79k), and Castellón (€20), while imports destinations were mainly Toledo (€855k), Murcia (€354k), Valencia (€221k), Barcelona (€214k), and Vizcaya (€6.07k).

Growth In November 2022, the decrease in Spain's year-by-year exports to Belize was explained primarily by an decrease in product exports in . In November 2022, the decrease in Spain's year-by-year imports from Belize was explained primarily by an decrease in product imports in Bananas (€-166k or -65.7%) and Knit Women's Suits (€-2.41k or -59.7%).

Latest Trade

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Flow

Time Scale

Depth

Value

EXPORT GROWTH (November 2021 - November 2022): €-572k, (-90.9%)

IMPORT GROWTH (November 2021 - November 2022): €-122k, (-6.89%)

MAIN EXPORTER (November 2022): Barcelona, €33.1k

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 Belize and Spain trade dynamics, check the bilateral page.

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Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2020, Spain exported $6.19M to Belize. The main products exported from Spain to Belize were Stone Processing Machines ($4.37M), Cold-Rolled Iron ($113k), and Transmissions ($101k). During the last 25 years the exports of Spain to Belize have increased at an annualized rate of 3.12%, from $2.87M in 1995 to $6.19M in 2020.

In 2020, Belize exported $16.6M to Spain. The main products exported from Belize to Spain were Non-fillet Frozen Fish ($12.5M), Bananas ($1.5M), and Raw Sugar ($1.08M). During the last 25 years the exports of Belize to Spain have increased at an annualized rate of 2.22%, from $9.61M in 1995 to $16.6M in 2020.

Market Competitiveness

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Measure

SectionYear

Spain
Top Destination: France, $47.6B

Belize
Top Destination: Seychelles, $100M

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

In 2019, countries that imported more from Spain than Belize were France ($47.6B), Germany ($34B), and Portugal ($23.8B).

In 2019, no countries were registered that imported more from Belize than from Spain.

Comparative Advantage Spain - Belize

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Flow

Year

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

During 2020, Spain had a large net trade with Belize in the exports of Machines ($4.98M), Metals ($327k), and Plastics and Rubbers ($168k).

During 2020, Belize had a large net trade with Spain in the exports of Animal Products ($14M), Vegetable Products ($1.51M), and Foodstuffs ($1.11M).

Economic Complexity

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Competitive Landscape

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Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Spain has comparative advantage over Belize. Similarly, the more yellow a dot/product is, the more Belize has comparative advantage over Spain.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Market Competitiveness

Comparative Advantage Spain - Belize

Economic Complexity

Competitive Landscape

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