Belize (BLZ) and Estonia (EST) Trade | The Observatory of Economic Complexity

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Belize-Estonia Trade: In 2022, Belize exported $219k to Estonia. The main products that Belize exported to Estonia were Cocoa Paste ($198k), Refined Petroleum ($19.4k), and Low-voltage Protection Equipment ($1.92k). Over the past 5 years the exports of Belize to Estonia have increased at an annualized rate of 43.4%, from $36.1k in 2017 to $219k in 2022.

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

Estonia-Belize Trade: In 2022, Estonia exported $446k to Belize. The main products that Estonia exported to Belize were Refined Petroleum ($445k) and Motor vehicles; parts and accessories (8701 to 8705) ($386). Over the past 5 years the exports of Estonia to Belize have increased at an annualized rate of 70.5%, from $31k in 2017 to $446k in 2022.

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

Comparison In 2022, Belize ranked 175 in total exports ($399M). That same year, Estonia ranked 74 in total exports ($23.1B). 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 $219k to Estonia. The main products exported from Belize to Estonia were Cocoa Paste ($198k), Refined Petroleum ($19.4k), and Low-voltage Protection Equipment ($1.92k). During the last 5 years the exports of Belize to Estonia have increased at an annualized rate of 43.4%, from $36.1k in 2017 to $219k in 2022.

In 2017, Estonia exported $446k to Belize. The main products exported from Estonia to Belize were Refined Petroleum ($445k) and Motor vehicles; parts and accessories (8701 to 8705) ($386). During the last 5 years the exports of Estonia to Belize have increased at an annualized rate of 70.5%, from $31k in 2022 to $446k in 2017.

Exports from Belize () to Estonia () (2022)

Exports from Estonia () to Belize () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belize
Top DestinationUnited States$86.5M

Estonia
Top DestinationFinland$3B

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

In 2022, countries that imported more from Belize than Estonia included Honduras ($19.9M), Jamaica ($14.9M), and Trinidad and Tobago ($14.7M).

In 2022, countries that imported more from Estonia than Belize included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

Comparative Advantage Belize - Estonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Belize had a large net trade with Estonia in the exports of Foodstuffs ($198k), Mineral Products ($19.4k), and Machines ($1.92k).

During 2017, Estonia had a large net trade with Belize in the exports of Mineral Products ($445k) and Transportation ($386).

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 Estonia. This means that a dot/product with the flag of Belize indicates it has a comparative advantage over Estonia. Similarly, a dot/product with the flag of Estonia indicates it has a comparative advantage over Belize.

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Historical Data

Bilateral Trade by Products

Exports from Belize () to Estonia () (2022)

Exports from Estonia () to Belize () (2022)

Market Competitiveness

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

Comparative Advantage Belize - Estonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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