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2023
Flag → Flag
Exports $164MRnk 14 / 170
2023
Flag → Flag
Top Product $41.4MRefined Petroleum
2023
Flag → Flag
Exports $27.6MRnk 4 / 127
2023
Flag → Flag
Top Product $16.4MBran
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
 GDP$3.07BCURRENT US$
Rnk 168 / 195
2013-2023
Flag
GDP GROWTH50.9%CURRENT US$
Rnk 74 / 195
2023
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GDP PC $5,763CURRENT US$
Rnk 117 / 195
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195
2023
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GDP PC$7,460CURRENT US$
Rnk 101 / 196
2013-2023
Flag
GDP PC GROWTH25.4%CURRENT US$
Rnk 86 / 195

About

Guatemala-Belize Trade: In 2023, Guatemala exported $164M to Belize. The main products that Guatemala exported to Belize were Refined Petroleum ($41.4M), Mixed Mineral or Chemical Fertilizers ($12.2M), and Cement ($12M). Over the past 5 years the exports of Guatemala to Belize have increased at an annualized rate of 11.4%, from $95.3M in 2018 to $164M in 2023.

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

Belize-Guatemala Trade: In 2023, Belize exported $27.6M to Guatemala. The main products that Belize exported to Guatemala were Bran ($16.4M), Starch Residue ($4.52M), and Scrap Iron ($2.44M). Over the past 5 years the exports of Belize to Guatemala have increased at an annualized rate of 16.1%,  from $13.1M in 2018 to $27.6M in 2023.

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

Comparison In 2023,  Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21),  and 86 in total exports ($15.4B). That same year, Belize ranked 173 in total exports ($386M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Guatemala exported $164M to Belize. The main products exported from Guatemala to Belize were Refined Petroleum ($41.4M), Mixed Mineral or Chemical Fertilizers ($12.2M), and Cement ($12M). During the last 5 years the exports of Guatemala to Belize have increased at an annualized rate of 11.4%, from $95.3M in 2018 to $164M in 2023.

In 2018, Belize exported $27.6M to Guatemala. The main products exported from Belize to Guatemala were Bran ($16.4M), Starch Residue ($4.52M), and Scrap Iron ($2.44M). During the last 5 years the exports of Belize to Guatemala have increased at an annualized rate of 16.1%, from $13.1M in 2023 to $27.6M in 2018.

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

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

Latest Data

Trade between Guatemala (Flag) and Belize (Flag)

Guatemala Exports

Belize Exports

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.16B
Belize
Top DestinationUnited States$86.2M

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

In 2023, countries that imported more from Guatemala than Belize included United States ($5.16B), El Salvador ($1.73B), and Honduras ($1.42B).

In 2023, countries that imported more from Belize than Guatemala included Portugal ($18.5M), Cote d'Ivoire ($13.6M), and Hungary ($10.4M).

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

Comparative Advantage Guatemala - Belize

Flow
Scale

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

During 2023, Guatemala had a large net trade with Belize in the exports of Mineral Products ($58.6M), Chemical Products ($28M), and Metals ($20.1M).

During 2018, Belize had a large net trade with Guatemala in the exports of Foodstuffs ($21.6M), Metals ($2.48M), and Mineral Products ($1.22M).

Economic Complexity

Competitive Landscape

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

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

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