Belize (BLZ) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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Belize-Armenia Trade: In 2022, Belize exported $374 to Armenia. The main products that Belize exported to Armenia were Low-voltage Protection Equipment ($310) and Engine Parts ($64). Over the past 14 years the exports of Belize to Armenia have decreased at an annualized rate of 36.6%, from $221k in 2008 to $374 in 2022.

In 2022, Belize did not export any services to Armenia.

Armenia-Belize Trade: In 2022, Armenia exported $15.5k to Belize. The main products that Armenia exported to Belize were Cars ($15.5k). Over the past 14 years the exports of Armenia to Belize have decreased at an annualized rate of 4.36%, from $19.4k in 2008 to $15.5k in 2022.

In 2022, Armenia did not export any services to Belize.

Comparison In 2022, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index. That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Belize exported $374 to Armenia. The main products exported from Belize to Armenia were Low-voltage Protection Equipment ($310) and Engine Parts ($64). During the last 14 years the exports of Belize to Armenia have decreased at an annualized rate of 36.6%, from $221k in 2008 to $374 in 2022.

In 2017, Armenia exported $15.5k to Belize. The main products exported from Armenia to Belize were Cars ($15.5k). During the last 5 years the exports of Armenia to Belize have decreased at an annualized rate of 4.36%, from $19.4k in 2022 to $15.5k in 2017.

Exports from Belize () to Armenia () (2022)

Exports from Armenia () to Belize () (2022)

Latest Data

Trade between Belize () and Armenia ()

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belize
Top DestinationUnited States$86.5M

Armenia
Top DestinationRussia$2.36B

This map shows whether countries import more from Belize or Armenia. Each country is colored based on the difference in imports they receive from Belize and Armenia or the difference in the growth in imports.

In 2022, countries that imported more from Belize than Armenia included United Kingdom ($64.3M), Guatemala ($39.2M), and Honduras ($19.9M).

In 2022, countries that imported more from Armenia than Belize included Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

Difference in imports from Armenia () and Belize () (2022)

Comparative Advantage Belize - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Belize had a large net trade with Armenia in the exports of Machines ($374).

During 2017, Armenia had a large net trade with Belize in the exports of Transportation ($15.5k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Belize () to Armenia () (2022)

Exports from Armenia () to Belize () (2022)

Latest Data

Trade between Belize () and Armenia ()

Armenia Exports

Market Competitiveness

Difference in imports from Armenia () and Belize () (2022)

Comparative Advantage Belize - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Belize () and Armenia () (2022)

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