Belize (BLZ) and Belgium (BEL) Trade | OEC - The Observatory of Economic Complexity

About

Belize-Belgium In 2021, Belize exported $1.21M to Belgium. The main products that Belize exported to Belgium are Bananas ($717k), Large Construction Vehicles ($379k), and Raw Sugar ($94.3k). During the last 22 years the exports of Belize to Belgium have increased at an annualized rate of 4.37%, from $471k in 1999 to $1.21M in 2021.

In 2021, Belize did not export any services to Belgium.

Belgium-Belize In 2021, Belgium exported $4.92M to Belize. The main products that Belgium exported to Belize were Vaccines, blood, antisera, toxins and cultures ($1.57M), Animal Food ($1.31M), and Other Heating Machinery ($703k). During the last 22 years the exports of Belgium to Belize have increased at an annualized rate of 5.08%, from $1.66M in 1999 to $4.92M in 2021.

In 2021, Belgium did not export any services to Belize.

Comparison In 2021, Belize ranked 170 in total exports ($411M), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 18 in the Economic Complexity Index (ECI 1.28), and 15 in total exports ($403B).

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2021, Belize exported $1.21M to Belgium. The main products exported from Belize to Belgium were Bananas ($717k), Large Construction Vehicles ($379k), and Raw Sugar ($94.3k). During the last 22 years the exports of Belize to Belgium have increased at an annualized rate of 4.37%, from $471k in 1999 to $1.21M in 2021.

In 2021, Belgium exported $4.92M to Belize. The main products exported from Belgium to Belize were Vaccines, blood, antisera, toxins and cultures ($1.57M), Animal Food ($1.31M), and Other Heating Machinery ($703k). During the last 22 years the exports of Belgium to Belize have increased at an annualized rate of 5.08%, from $1.66M in 1999 to $4.92M in 2021.

Latest Data

Belize Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

SectionYear

Belize
Top Destination: United States, $67.4M

Belgium
Top Destination: Germany, $62.7B

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

In 2021, countries that imported more from Belize than Belgium were Saint Kitts and Nevis ($494k) and Dominica ($578k).

In 2021, countries that imported more from Belgium than Belize were Germany ($62.7B), France ($59.9B), and Netherlands ($50.4B).

Comparative Advantage Belize - Belgium

Flow

Scale

Year

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

During 2021, Belize had a large net trade with Belgium in the exports of Vegetable Products ($717k), Machines ($383k), and Foodstuffs ($104k).

During 2021, Belgium had a large net trade with Belize in the exports of Chemical Products ($1.71M), Foodstuffs ($1.49M), and Machines ($867k).

Economic Complexity

Competitive Landscape

Year

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 Belize has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Belize.

About

Historical Data

Bilateral Trade by Products

Latest Data

Belize Exports

Belgium Exports

Market Competitiveness

Comparative Advantage Belize - Belgium

Economic Complexity

Competitive Landscape

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