Suriname-Spain Bilateral Trade Analysis 2023
Complete trade statistics: $15.09M total volume •Suriname deficit: $15.09M
Suriname → Spain
$0
Exports (2023)
Spain → Suriname
$15.09M
Imports (2023)
Trade Balance
$15.09M
Deficit for Suriname
Total Trade
$15.09M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Suriname and Spain. Green line shows exports from Suriname, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Suriname-Spain commercial relationship and competitive positioning in global markets.
Suriname → Spain Exports
Export Market Intelligence
🎯 Strategic Export Focus
Suriname's export portfolio to Spain demonstrates strategic specialization, with machinery: parts of machines handling earth, minerals or ores and n.e.c. in heading no. 8431 representing a key competitive advantage in this bilateral market.
Spain → Suriname Imports
Import Dependency Profile
📦 Import Strategy Analysis
Suriname's import pattern from Spain reveals significant dependencyin ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5%, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Suriname demonstrates competitive strength in exportingmachinery: parts of machines handling earth, minerals or ores and n.e.c. in heading no. 8431 to Spain, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $15.09M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Suriname-Spain Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $15.09 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Suriname maintains a deficit of $15.09 million
- Export Focus: Suriname's primary exports include machinery: parts of machines handling earth, minerals or ores and n.e.c. in heading no. 8431, wood, tropical, n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6mm, ferrous waste and scrap: of stainless steel
- Import Dependencies: Key imports from Spain include ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5%, fuses and detonators: safety or detonating fuses, percussion or detonating caps, igniters, electric detonators, fertilizers, mineral or chemical: nitrogenous, ammonium nitrate, whether or not in aqueous solution
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $15.09M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with Suriname leveraging its comparative advantages in machinery: parts of machines handling earth, minerals or ores and n.e.c. in heading no. 8431.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
Suriname's specialization in machinery: parts of machines handling earth, minerals or ores and n.e.c. in heading no. 8431complements Spain's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5%.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $15.09M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $15.09M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $15.09 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in machinery: parts of machines handling earth, minerals or ores and n.e.c. in heading no. 8431 and ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5% demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Suriname's trade deficit of $15.09 million impacts its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between Suriname and Spain represents a total trade volume of $15.09 million in 2023. This partnership demonstrates an unfavorable trade balance for Suriname, with imports exceeding exportsby $15.09 million.
Export Strengths
Suriname's exports to Spain total $0.00, with competitive advantages in machinery: parts of machines handling earth, minerals or ores and n.e.c. in heading no. 8431, representing $70,615 orInfinity% of bilateral exports.
Import Dependencies
Imports from Spain amount to $15.09 million, highlighting economic interdependence in ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5%, with Ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5% comprising23.0% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Suriname's strategic sourcing from Spain. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between Suriname and Spain in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023