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2023
Flag → Flag
Exports $4.09kRnk 105 / 127
2023
Flag → Flag
Top Product $3.7kSauces and Seasonings
2023
Flag → Flag
Exports $15.9kRnk 140 / 157
2023
Flag → Flag
Top Product $15.8kRaw Plastic Sheeting
2023
Flag  
GDP$3.07BCURRENT US$
Rnk 168 / 195
2013-2023
Flag
GDP GROWTH50.9%CURRENT US$
Rnk 74 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $7,460CURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP PC GROWTH25.4%CURRENT US$
Rnk 86 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

Belize-Iceland Trade: In 2023, Belize exported $4.09k to Iceland. The main products that Belize exported to Iceland were Sauces and Seasonings ($3.7k), Hydrometers ($330), and Live Fish ($62). Over the past 18 years the exports of Belize to Iceland have decreased at an annualized rate of 8.2%, from $19.1k in 2005 to $4.09k in 2023.

In 2023, Belize did not export any services to Iceland.

Iceland-Belize Trade: In 2023, Iceland exported $15.9k to Belize. The main products that Iceland exported to Belize were Raw Plastic Sheeting ($15.8k) and Low-voltage Protection Equipment ($185). Over the past 18 years the exports of Iceland to Belize have increased at an annualized rate of 29.4%,  from $4.4k in 2005 to $15.9k in 2023.

In 2023, Iceland did not export any services to Belize.

Comparison In 2023,  Belize ranked 173 in total exports ($386M). That same year, Iceland ranked 115 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belize exported $4.09k to Iceland. The main products exported from Belize to Iceland were Sauces and Seasonings ($3.7k), Hydrometers ($330), and Live Fish ($62). During the last 18 years the exports of Belize to Iceland have decreased at an annualized rate of 8.2%, from $19.1k in 2005 to $4.09k in 2023.

In 2018, Iceland exported $15.9k to Belize. The main products exported from Iceland to Belize were Raw Plastic Sheeting ($15.8k) and Low-voltage Protection Equipment ($185). During the last 5 years the exports of Iceland to Belize have increased at an annualized rate of 29.4%, from $4.4k in 2023 to $15.9k in 2018.

Exports from Belize (Flag) to Iceland (Flag) (2023)

Exports from Iceland (Flag) to Belize (Flag) (2023)

Latest Data

Trade between Belize (Flag) and Iceland (Flag)

Belize Exports

Date

Iceland Exports

Market Competitiveness

Color
Belize
Top DestinationUnited States$86.2M
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from Belize than Iceland included Guatemala ($27.6M), Trinidad and Tobago ($15.5M), and Honduras ($14.3M).

In 2023, countries that imported more from Iceland than Belize included Netherlands ($1.97B), Germany ($771M), and United States ($735M).

Difference in imports from Iceland (Flag) and Belize (Flag) (2023)

Comparative Advantage Belize - Iceland

Flow
Scale

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

During 2023, Belize had a large net trade with Iceland in the exports of Foodstuffs ($3.7k), Instruments ($330), and Animal Products ($62).

During 2018, Iceland had a large net trade with Belize in the exports of Plastics and Rubbers ($15.8k) and Machines ($185).

Economic Complexity

Competitive Landscape

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

Product Space of Belize (Flag) and Iceland (Flag) (2023)

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