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Pricing

2022
Flag → Flag
Exports $2.69MRnk 182 / 218
2022
Flag → Flag
Top Product $507kOther Heating Machinery
2022
Flag → Flag
Exports $28.7MRnk 4 / 128
2022
Flag → Flag
Top Product $16.2MRaw Sugar
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH48.4%CURRENT US$
Rnk 67 / 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$6,968CURRENT US$
Rnk 92 / 186
2012-2022
Flag
GDP PC GROWTH23.4%CURRENT US$
Rnk 76 / 186

About

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.

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.

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

Latest Trends

September, 2024

About

Overview In September 2024, Spain exported €2.01M and imported €10M from Belize, resulting in a negative trade balance of €8.02M. Between September 2023 and September 2024 the exports of Spain have increased by €1.82M (974%) from €187k to €2.01M, while imports increased by €9.92M (9.29k%) from €107k to €10M.

Trade In September 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 September 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 September 2024 the exports of Spain were mainly from Badajoz (€1.17M), Sevilla (€562k), Castellón (€166k), Vizcaya (€83.3k), and A Coruña (€13.5k), while imports destinations were mainly Madrid (€8.05M), A Coruña (€1.24M), Pontevedra (€630k), Barcelona (€97.5k), and Asturias (€4.22k).

Growth In September 2024, the increase in Spain's year-by-year exports to Belize was explained primarily by an increase in product exports in Laboratory Reagents (€653 or 84.6%). In September 2024, the increase in Spain's year-by-year imports  from Belize was explained primarily by an increase in product imports  in Non-fillet Frozen Fish (€1.81M or 785%), Raw Sugar (€163k or 59.7%), and Low-voltage Protection Equipment (€2.13k or 1.32k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€1.82M(974%)
IMPORT GROWTH (September 2023 - September 2024)€9.92M(9.29k%)
MAIN EXPORTER (September 2024)Badajoz€1.17M

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 2022, 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 2017 to $2.69M in 2022.

In 2017, 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 2022 to $28.7M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Belize
Top DestinationUnited States$86.5M

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

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

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

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 2022, Spain had a large net trade with Belize in the exports of Machines ($942k), Stone And Glass ($408k), and Metals ($396k).

During 2017, Belize had a large net trade with Spain in the exports of Foodstuffs ($16.3M), Animal Products ($10M), and Vegetable Products ($1.56M).

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) (2022)

Keep Exploring

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