Belize (BLZ) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Belize-Russia Trade: In 2021, Belize exported $392k to Russia. The main products that Belize exported to Russia were N/A. Over the past 5 years the exports of Belize to Russia have increased at an annualized rate of 247%, from $780 in 2016 to $392k in 2021.

In 2021, Belize did not export any services to Russia.

Russia-Belize Trade: In 2021, Russia exported $218k to Belize. The main products that Russia exported to Belize were Rolled Tobacco ($72.3k), Mixed Mineral or Chemical Fertilizers ($51.9k), and Hard Liquor ($39.2k). Over the past 5 years the exports of Russia to Belize have decreased at an annualized rate of 18.8%, from $1.42M in 2016 to $218k in 2021.

In 2020, Russia exported services to Belize worth $25.1M, with Financial services ($9.93M), Other business services ($6.07M), and Computer and information services ($4.89M) being the largest in terms of value.

Comparison In 2022, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index. That same year, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2021, Belize exported $392k to Russia. There were not main exports from Belize to Russia in 2021. During the last 5 years the exports of Belize to Russia have increased at an annualized rate of 247%, from $780 in 2016 to $392k in 2021.

In 2017, Russia exported $218k to Belize. The main products exported from Russia to Belize were Rolled Tobacco ($72.3k), Mixed Mineral or Chemical Fertilizers ($51.9k), and Hard Liquor ($39.2k). During the last 5 years the exports of Russia to Belize have decreased at an annualized rate of 18.8%, from $1.42M in 2022 to $218k in 2017.

Exports from Belize () to Russia () (2022)

Exports from Russia () to Belize () (2022)

Latest Data

Trade between Belize () and Russia ()

Belize Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belize
Top DestinationUnited States$86.5M

Russia
Top DestinationChina$101B

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

In 2022, countries that imported more from Belize than Russia included Honduras ($19.9M), Trinidad and Tobago ($14.7M), and Barbados ($3.37M).

In 2022, countries that imported more from Russia than Belize included China ($101B), India ($40.4B), and Germany ($27.7B).

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

Comparative Advantage Belize - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2021, Belize had a large net trade with Russia in the exports of .

During 2017, Russia had a large net trade with Belize in the exports of Foodstuffs ($121k), Chemical Products ($96.1k), and Machines ($1.26k).

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Belize worth $25.1M, with Financial services ($9.93M), Other business services ($6.07M), and Computer and information services ($4.89M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Belize () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Belize () to Russia () (2022)

Exports from Russia () to Belize () (2022)

Latest Data

Trade between Belize () and Russia ()

Belize Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage Belize - Russia

Bilateral Service Trade

Services Exports from Russia () to Belize () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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