Flag Spain / Belize Flag

2020
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Exports
: $6.19M, Rnk 168 / 218

2020
FlagFlag
Top Product
: $4.37M, Stone Processing Machines

2020
FlagFlag
Exports
: $16.6M, Rnk 5 / 118

2020
FlagFlag
Top Product
: $12.5M, Non-fillet Frozen Fish

2020
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Economic Complexity (ECI)
: ECI 0.76, Rnk 34 / 127

2020
Flag  
GDP
: $1.28T, CURRENT US$
Rnk 14 / 204

2010-2020
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GDP GROWTH
: -9.89%, CURRENT US$
Rnk 182 / 204

2020
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 GDP
: $1.59B, CURRENT US$
Rnk 182 / 204

2010-2020
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GDP GROWTH
: 14.2%, CURRENT US$
Rnk 134 / 204

2020
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GDP PC 
: $27,056, CURRENT US$
Rnk 42 / 204

2010-2020
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GDP PC GROWTH
: -11.4%, CURRENT US$
Rnk 171 / 204

2020
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GDP PC
: $3,988, CURRENT US$
Rnk 128 / 204

2010-2020
Flag
GDP PC GROWTH
: -7.35%, CURRENT US$
Rnk 161 / 204

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.

Historical Data

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Bilateral Trade by Products

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Depth
Value

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

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

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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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.