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2022
Flag → Flag
Exports $2.89MRnk 22 / 128
2022
Flag → Flag
Top Product $2.88MRaw Sugar
2022
Flag → Flag
Exports $9.36MRnk 183 / 221
2022
Flag → Flag
Top Product $4.6MRecreational Boats
2022
Flag
Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
Flag  
GDP$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH48.4%CURRENT US$
Rnk 67 / 186
2022
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 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC $6,968CURRENT US$
Rnk 92 / 186
2012-2022
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GDP PC GROWTH23.4%CURRENT US$
Rnk 76 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Belize-Italy Trade: In 2022, Belize exported $2.89M to Italy. The main products that Belize exported to Italy were Raw Sugar ($2.88M), Low-voltage Protection Equipment ($6k), and Pulley Systems ($5.38k). Over the past 5 years the exports of Belize to Italy have decreased at an annualized rate of 29.8%, from $17M in 2017 to $2.89M in 2022.

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

Italy-Belize Trade: In 2022, Italy exported $9.36M to Belize. The main products that Italy exported to Belize were Recreational Boats ($4.6M), Industrial Food Preperation Machinery ($1.67M), and Wine ($302k). Over the past 5 years the exports of Italy to Belize have decreased at an annualized rate of 2.23%,  from $10.7M in 2017 to $9.36M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belize exported $2.89M to Italy. The main products exported from Belize to Italy were Raw Sugar ($2.88M), Low-voltage Protection Equipment ($6k), and Pulley Systems ($5.38k). During the last 5 years the exports of Belize to Italy have decreased at an annualized rate of 29.8%, from $17M in 2017 to $2.89M in 2022.

In 2017, Italy exported $9.36M to Belize. The main products exported from Italy to Belize were Recreational Boats ($4.6M), Industrial Food Preperation Machinery ($1.67M), and Wine ($302k). During the last 5 years the exports of Italy to Belize have decreased at an annualized rate of 2.23%, from $10.7M in 2022 to $9.36M in 2017.

Exports from Belize (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Belize (Flag) (2022)

Latest Data

Trade between Belize (Flag) and Italy (Flag)

Belize Exports

Italy Exports

Market Competitiveness

Color
Belize
Top DestinationUnited States$86.5M
Italy
Top DestinationGermany$78.5B

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

In 2022, no countries were registered that imported more from Belize than from Italy.

In 2022, countries that imported more from Italy than Belize included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy (Flag) and Belize (Flag) (2022)

Comparative Advantage Belize - Italy

Flow
Scale

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

During 2022, Belize had a large net trade with Italy in the exports of Foodstuffs ($2.88M), Machines ($11.4k), and Instruments ($710).

During 2017, Italy had a large net trade with Belize in the exports of Transportation ($4.81M), Machines ($2.5M), and Foodstuffs ($708k).

Economic Complexity

Competitive Landscape

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

Product Space of Belize (Flag) and Italy (Flag) (2022)

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