Belize (BLZ) and Guatemala (GTM) Trade | The Observatory of Economic Complexity

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Belize-Guatemala Trade: In 2022, Belize exported $39.2M to Guatemala. The main products that Belize exported to Guatemala were Bran ($24.5M), Starch Residue ($6.18M), and Scrap Iron ($2.41M). Over the past 5 years the exports of Belize to Guatemala have increased at an annualized rate of 24.4%, from $13.2M in 2017 to $39.2M in 2022.

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

Guatemala-Belize Trade: In 2022, Guatemala exported $156M to Belize. The main products that Guatemala exported to Belize were Refined Petroleum ($46M), Raw Iron Bars ($9.07M), and Mixed Mineral or Chemical Fertilizers ($7.95M). Over the past 5 years the exports of Guatemala to Belize have increased at an annualized rate of 12.5%, from $86.5M in 2017 to $156M in 2022.

In 2022, Guatemala 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, Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2), and 84 in total exports ($16.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Belize exported $39.2M to Guatemala. The main products exported from Belize to Guatemala were Bran ($24.5M), Starch Residue ($6.18M), and Scrap Iron ($2.41M). During the last 5 years the exports of Belize to Guatemala have increased at an annualized rate of 24.4%, from $13.2M in 2017 to $39.2M in 2022.

In 2017, Guatemala exported $156M to Belize. The main products exported from Guatemala to Belize were Refined Petroleum ($46M), Raw Iron Bars ($9.07M), and Mixed Mineral or Chemical Fertilizers ($7.95M). During the last 5 years the exports of Guatemala to Belize have increased at an annualized rate of 12.5%, from $86.5M in 2022 to $156M in 2017.

Exports from Belize () to Guatemala () (2022)

Exports from Guatemala () to Belize () (2022)

Latest Data

Trade between Belize () and Guatemala ()

Belize Exports

Date

Guatemala Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belize
Top DestinationUnited States$86.5M

Guatemala
Top DestinationUnited States$5.23B

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

In 2022, countries that imported more from Belize than Guatemala included Hungary ($18.3M), Ireland ($11.2M), and Dominica ($1.29M).

In 2022, countries that imported more from Guatemala than Belize included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

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

Comparative Advantage Belize - Guatemala

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Belize had a large net trade with Guatemala in the exports of Foodstuffs ($31.6M), Vegetable Products ($2.46M), and Metals ($2.43M).

During 2017, Guatemala had a large net trade with Belize in the exports of Mineral Products ($56.9M), Chemical Products ($23.3M), and Metals ($20.5M).

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

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Historical Data

Bilateral Trade by Products

Exports from Belize () to Guatemala () (2022)

Exports from Guatemala () to Belize () (2022)

Latest Data

Trade between Belize () and Guatemala ()

Belize Exports

Guatemala Exports

Market Competitiveness

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

Comparative Advantage Belize - Guatemala

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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