Flag Spain / Belize Flag

Exports FlagFlag  (2018): $4.23M, Rnk 173 / 209

Top Product FlagFlag (2018): $1.77M, Fishing Ships

Exports FlagFlag (2018): $26.6M, Rnk 3 / 104

Top Product FlagFlag (2018): $18.6M, Non-fillet Frozen Fish

Economic Complexity of Flag (2018): ECI 0.85, Rnk 33 / 137

Spain-Belize: In 2018, Spain exported $4.23M to Belize. The main products exported from Spain to Belize were Fishing Ships ($1.77M), Navigation Equipment ($441k), and Packaged Medicaments ($174k). During the last 23 years the exports of Spain to Belize have increased at an annualized rate of 1.7%, from $2.87M in 1995 to $4.23M in 2018.

Belize-Spain: In 2018, Belize exported $26.6M to Spain. The main products exported from Belize to Spain were Non-fillet Frozen Fish ($18.6M), Raw Sugar ($2.69M), and Bananas ($2.13M). During the last 23 years the exports of Belize to Spain have increased at an annualized rate of 4.45%, from $9.76M in 1995 to $26.6M in 2018.

Comparison: In 2018, Spain ranked 33 in the Economic Complexity Index (ECI 0.85), and 15 in total exports ($330B). That same year, Belize ranked 166 in total exports ($354M), and does not have data regarding Economic Complexity Index. N/A

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Spain exported $4.23M to Belize. The main products exported from Spain to Belize were Fishing Ships ($1.77M), Navigation Equipment ($441k), and Packaged Medicaments ($174k). During the last 23 years the exports of Spain to Belize have increased at an annualized rate of 1.7%, from $2.87M in 1995 to $4.23M in 2018.

In 2018, Belize exported $26.6M to Spain. The main products exported from Belize to Spain were Non-fillet Frozen Fish ($18.6M), Raw Sugar ($2.69M), and Bananas ($2.13M). During the last 23 years the exports of Belize to Spain have increased at an annualized rate of 4.45%, from $9.76M in 1995 to $26.6M in 2018.

Market Competitiveness

#permalink to section
Measure

Spain
Top Destination
: France, $48.6B

Belize
Top Destination
: United Kingdom, $98.6M

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 2018, countries that imported more from Spain than Belize were France ($48.6B), Germany ($36.3B), and Portugal ($27.2B).

In 2018, countries that imported more from Belize than Spain were Barbados ($10.9M).

Comparative Advantage Spain - Belize

#permalink to section
Depth

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

During 2018, Spain had a large net trade with Belize in the exports of Transportation ($1.77M), Machines ($1.01M), and Chemical Products ($429k).

During 2018, Belize had a large net trade with Spain in the exports of Animal Products ($20.8M), Foodstuffs ($3.13M), and Vegetable Products ($2.23M).

Tariff Section

#permalink to section

This sections shows import tariffs for products traded between Spain and Belize (using the HS6 product classification and the last year reported).

In 2017, the products from Spain that paid the highest import tariffs to enter Belize were Grape wines, alcoholic grape must nes (15.2%) and Wine; still, in containers holding more than 2 litres but not more than 10 litres (5.08%).

In 2018, the products from Belize that paid the highest import tariffs to enter Spain were Mineral and aerated waters not sweetened or flavoured (100%) and Ice, snow and potable water not sweetened or flavoure (100%).

Explore Tariff Data

*The tariffs present between Spain and Belize are:
109: Caribbean Forum (CARIFORUM) - European Union Economic Partnership Agreements (EPA)
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Spain and Belize. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

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