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

About

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.

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.

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

Latest Trends

November, 2024

About

Overview In November 2024, Spain exported €181k and imported €213k from Belize, resulting in a negative trade balance of €32.3k. Between November 2023 and November 2024 the exports of Spain have decreased by €-201k (-52.6%) from €382k to €181k, while imports decreased by €-4.22M (-95.2%) from €4.44M to €213k.

Trade In November 2024, the top exports of Spain to Belize were Pulley Systems (€224k), Metalworking Machine Parts (€2.7k), Laboratory Reagents (€1.43k), Valves (€709), and Bi-Wheel Vehicle Parts (€383). In November 2024 the top imports of Spain from Belize were Non-fillet Frozen Fish (€2.04M), Raw Sugar (€437k), Bananas (€97.5k), Mate (€46.9k), and Engine Parts (€11k).

Origins In November 2024 the exports of Spain were mainly from Castellón (€97.1k), Madrid (€41.8k), Barcelona (€18.6k), Huelva (€15.6k), and A Coruña (€7.78k), while imports destinations were mainly A Coruña (€133k), Barcelona (€73.5k), Madrid (€4.29k), Badajoz (€842), and Asturias (€687).

Growth In November 2024, the decrease in Spain's year-by-year exports to Belize was explained primarily by an decrease in product exports in . In November 2024, the decrease in Spain's year-by-year imports  from Belize was explained primarily by an decrease in product imports  in Bananas (€-9.12k or -8.56%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€-201k(-52.6%)
IMPORT GROWTH (November 2023 - November 2024)€-4.22M(-95.2%)
MAIN EXPORTER (November 2024)Castellón€97.1k

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.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $9.37M in 2023.

In 2018, 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 2023 to $35.5M in 2018.

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

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

Market Competitiveness

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

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

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

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

Comparative Advantage Spain - Belize

Flow
Scale

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

During 2023, Spain had a large net trade with Belize in the exports of Machines ($3.86M), Transportation ($3.64M), and Metals ($675k).

During 2018, Belize had a large net trade with Spain in the exports of Foodstuffs ($20M), Animal Products ($13.8M), and Vegetable Products ($1.53M).

Economic Complexity

Competitive Landscape

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

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

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