Flag United Kingdom / Belize Flag

Exports FlagFlag  (2018): $11.5M, Rnk 170 / 217

Top Product FlagFlag (2018): $2.01M, Brochures

Exports FlagFlag (2018): $98.6M, Rnk 1 / 104

Top Product FlagFlag (2018): $48.3M, Raw Sugar

Economic Complexity of Flag (2018): ECI 1.49, Rnk 13 / 137

United Kingdom-Belize: In 2018, United Kingdom exported $11.5M to Belize. The main products exported from United Kingdom to Belize were Brochures ($2.01M), Iron Structures ($869k), and Delivery Trucks ($734k). During the last 23 years the exports of United Kingdom to Belize have decreased at an annualized rate of 3.18%, from $24.3M in 1995 to $11.5M in 2018.

Belize-United Kingdom: In 2018, Belize exported $98.6M to United Kingdom. The main products exported from Belize to United Kingdom were Raw Sugar ($48.3M), Gold ($23.4M), and Bananas ($21.9M). During the last 23 years the exports of Belize to United Kingdom have increased at an annualized rate of 1.24%, from $74.2M in 1995 to $98.6M in 2018.

Comparison: In 2018, United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.49), and 9 in total exports ($464B). 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, United Kingdom exported $11.5M to Belize. The main products exported from United Kingdom to Belize were Brochures ($2.01M), Iron Structures ($869k), and Delivery Trucks ($734k). During the last 23 years the exports of United Kingdom to Belize have decreased at an annualized rate of 3.18%, from $24.3M in 1995 to $11.5M in 2018.

In 2018, Belize exported $98.6M to United Kingdom. The main products exported from Belize to United Kingdom were Raw Sugar ($48.3M), Gold ($23.4M), and Bananas ($21.9M). During the last 23 years the exports of Belize to United Kingdom have increased at an annualized rate of 1.24%, from $74.2M in 1995 to $98.6M in 2018.

Market Competitiveness

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Measure

United Kingdom
Top Destination
: United States, $61.9B

Belize
Top Destination
: United Kingdom, $98.6M

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

In 2018, countries that imported more from United Kingdom than Belize were United States ($61.9B), Germany ($45.5B), and Netherlands ($33.3B).

In 2018, no countries were registered that imported more from Belize than from United Kingdom.

Comparative Advantage United Kingdom - Belize

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Depth

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

During 2018, United Kingdom had a large net trade with Belize in the exports of Paper Goods ($2.23M), Transportation ($1.76M), and Foodstuffs ($1.46M).

During 2018, Belize had a large net trade with United Kingdom in the exports of Foodstuffs ($48.5M), Precious Metals ($23.4M), and Vegetable Products ($22.4M).

Trade Forecasts

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This section shows a forecast for total trade between United Kingdom 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 United Kingdom has comparative advantage over Belize. Similarly, the more red a dot/product is, the more Belize has comparative advantage over United Kingdom.