Belize (BLZ) and Bermuda (BMU) Trade | The Observatory of Economic Complexity

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Belize-Bermuda Trade: In 2022, Belize exported $20 to Bermuda. The main products that Belize exported to Bermuda were Wine ($16) and Beer ($4). Over the past 8 years the exports of Belize to Bermuda have decreased at an annualized rate of 9.89%, from $46 in 2014 to $20 in 2022.

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

Bermuda-Belize Trade: In 2022, Bermuda exported $116 to Belize. The main products that Bermuda exported to Belize were N/A. Over the past 8 years the exports of Bermuda to Belize have decreased at an annualized rate of 29.2%, from $653 in 2014 to $116 in 2022.

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

Comparison In 2022, Belize ranked 175 in total exports ($399M). That same year, Bermuda ranked 199 in total exports ($68.1M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Belize exported $20 to Bermuda. The main products exported from Belize to Bermuda were Wine ($16) and Beer ($4). During the last 8 years the exports of Belize to Bermuda have decreased at an annualized rate of 9.89%, from $46 in 2014 to $20 in 2022.

In 2016, Bermuda exported $116 to Belize. There were not main exports from Bermuda to Belize in 2016. During the last 5 years the exports of Bermuda to Belize have decreased at an annualized rate of 29.2%, from $653 in 2021 to $116 in 2016.

Exports from Belize () to Bermuda () (2022)

Exports from Bermuda () to Belize () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belize
Top DestinationUnited States$86.5M

Bermuda
Top DestinationZambia$17.5M

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

In 2022, countries that imported more from Belize than Bermuda included United States ($86.5M), United Kingdom ($64.3M), and Guatemala ($39.2M).

In 2022, countries that imported more from Bermuda than Belize included Zambia ($17.5M), Angola ($7.13M), and Tanzania ($5.76M).

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

Comparative Advantage Belize - Bermuda

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Belize had a large net trade with Bermuda in the exports of Foodstuffs ($20).

During 2016, Bermuda had a large net trade with Belize in the exports of .

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Belize () to Bermuda () (2022)

Exports from Bermuda () to Belize () (2022)

Market Competitiveness

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

Comparative Advantage Belize - Bermuda

Economic Complexity

Competitive Landscape

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

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