Flag Guatemala / Belize Flag

Exports FlagFlag  (2018): $69.1M, Rnk 17 / 113

Top Product FlagFlag (2018): $7.22M, Mixed Mineral or Chemical Fertilizers

Exports FlagFlag (2018): $8.59M, Rnk 9 / 104

Top Product FlagFlag (2018): $3.24M, Bran

Economic Complexity of Flag (2018): ECI -0.51, Rnk 89 / 137

Guatemala-Belize: In 2018, Guatemala exported $69.1M to Belize. The main products exported from Guatemala to Belize were Mixed Mineral or Chemical Fertilizers ($7.22M), Refined Petroleum ($6.44M), and Petroleum Gas ($5.33M). During the last 23 years the exports of Guatemala to Belize have increased at an annualized rate of 10.3%, from $7.32M in 1995 to $69.1M in 2018.

Belize-Guatemala: In 2018, Belize exported $8.59M to Guatemala. The main products exported from Belize to Guatemala were Bran ($3.24M), Corn ($1.9M), and Scrap Iron ($602k). During the last 23 years the exports of Belize to Guatemala have increased at an annualized rate of 9.13%, from $1.15M in 1995 to $8.59M in 2018.

Comparison: In 2018, Guatemala ranked 89 in the Economic Complexity Index (ECI -0.51), and 89 in total exports ($9.79B). 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, Guatemala exported $69.1M to Belize. The main products exported from Guatemala to Belize were Mixed Mineral or Chemical Fertilizers ($7.22M), Refined Petroleum ($6.44M), and Petroleum Gas ($5.33M). During the last 23 years the exports of Guatemala to Belize have increased at an annualized rate of 10.3%, from $7.32M in 1995 to $69.1M in 2018.

In 2018, Belize exported $8.59M to Guatemala. The main products exported from Belize to Guatemala were Bran ($3.24M), Corn ($1.9M), and Scrap Iron ($602k). During the last 23 years the exports of Belize to Guatemala have increased at an annualized rate of 9.13%, from $1.15M in 1995 to $8.59M in 2018.

Market Competitiveness

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Measure

Guatemala
Top Destination
: United States, $4.36B

Belize
Top Destination
: United Kingdom, $98.6M

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 2018, countries that imported more from Guatemala than Belize were United States ($4.36B), El Salvador ($1.16B), and Mexico ($506M).

In 2018, countries that imported more from Belize than Guatemala were Jamaica ($14.9M), Cyprus ($11.9M), and Trinidad and Tobago ($9.23M).

Comparative Advantage Guatemala - Belize

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Depth

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

During 2018, Guatemala had a large net trade with Belize in the exports of Mineral Products ($16.1M), Chemical Products ($15.2M), and Metals ($9.17M).

During 2018, Belize had a large net trade with Guatemala in the exports of Foodstuffs ($4.68M), Vegetable Products ($2.01M), and Metals ($618k).

Tariff Section

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

In 2015, the products from Guatemala that paid the highest import tariffs to enter Belize were Beer made from malt (40%) and Undenatured ethyl alcohol > 80% by volume (40%).

In 2018, the products from Belize that paid the highest import tariffs to enter Guatemala 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 Guatemala and Belize are:
136: Most Favoured Nation duty rate treatement

Trade Forecasts

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