Flag Cyprus / Belize Flag

Exports FlagFlag  (2018): $2.91k, Rnk 184 / 190

Top Product FlagFlag (2018): $2.91k, Packaged Medicaments

Exports FlagFlag (2018): $11.9M, Rnk 6 / 104

Top Product FlagFlag (2018): $10M, Passenger and Cargo Ships

Economic Complexity of Flag (2018): ECI 0.57, Rnk 44 / 137

Cyprus-Belize: In 2018, Cyprus exported $2.91k to Belize. The main products exported from Cyprus to Belize were Packaged Medicaments ($2.91k). During the last 23 years the exports of Cyprus to Belize have decreased at an annualized rate of 14.9%, from $119k in 1995 to $2.91k in 2018.

Belize-Cyprus: In 2018, Belize exported $11.9M to Cyprus. The main products exported from Belize to Cyprus were Passenger and Cargo Ships ($10M) and Recreational Boats ($1.92M). During the last 19 years the exports of Belize to Cyprus have increased at an annualized rate of 28.7%, from $35.9k in 1999 to $11.9M in 2018.

Comparison: In 2018, Cyprus ranked 44 in the Economic Complexity Index (ECI 0.57), and 113 in total exports ($5.09B). That same year, Belize ranked 166 in total exports ($354M), and does not have data regarding Economic Complexity Index. N/A

Bilateral Trade by Products

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Depth
Value

In 2018, Cyprus exported $2.91k to Belize. The main products exported from Cyprus to Belize were Packaged Medicaments ($2.91k). During the last 23 years the exports of Cyprus to Belize have decreased at an annualized rate of 14.9%, from $119k in 1995 to $2.91k in 2018.

In 2018, Belize exported $11.9M to Cyprus. The main products exported from Belize to Cyprus were Passenger and Cargo Ships ($10M) and Recreational Boats ($1.92M). During the last 19 years the exports of Belize to Cyprus have increased at an annualized rate of 28.7%, from $35.9k in 1999 to $11.9M in 2018.

Market Competitiveness

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Measure

Cyprus
Top Destination
: Cayman Islands, $753M

Belize
Top Destination
: United Kingdom, $98.6M

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

In 2018, countries that imported more from Cyprus than Belize were Cayman Islands ($753M), Greece ($461M), and Libya ($457M).

In 2018, countries that imported more from Belize than Cyprus were Jamaica ($14.9M), Barbados ($10.9M), and Trinidad and Tobago ($9.23M).

Comparative Advantage Cyprus - Belize

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Depth

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

During 2018, Cyprus had a large net trade with Belize in the exports of Chemical Products ($2.91k).

During 2018, Belize had a large net trade with Cyprus in the exports of Transportation ($11.9M).

Tariff Section

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This sections shows import tariffs for products traded between Cyprus and Belize (using the HS6 product classification and the last year reported).

In 2017, the products from Cyprus that paid the highest import tariffs to enter Belize were Grape wines, alcoholic grape must nes (15.2%) and Wine; still, in containers holding more than 2 litres but not more than 10 litres (5.08%).

In 2018, the products from Belize that paid the highest import tariffs to enter Cyprus were Mineral and aerated waters not sweetened or flavoured (100%) and Ice, snow and potable water not sweetened or flavoure (100%).

Explore Tariff Data

*The tariffs present between Cyprus and Belize are:
109: Caribbean Forum (CARIFORUM) - European Union Economic Partnership Agreements (EPA)
122: EU preferential tariff for sugar producing countries
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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This section shows a forecast for total trade between Cyprus and Belize. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Cyprus has comparative advantage over Belize. Similarly, the more red a dot/product is, the more Belize has comparative advantage over Cyprus.