Flag Mexico / Belize Flag

Exports FlagFlag  (2018): $120M, Rnk 66 / 196

Top Product FlagFlag (2018): $9.03M, Cement

Exports FlagFlag (2018): $3.65M, Rnk 15 / 104

Top Product FlagFlag (2018): $1.18M, Crustaceans

Economic Complexity of Flag (2018): ECI 1.13, Rnk 21 / 137

GDP Flag (2018): $1.22T, CURRENT US$
Rnk 15 / 196

GDP GROWTH Flag (2008-2018): 9.97%, CURRENT US$
Rnk 144 / 196

GDP Flag (2018): $1.87B, CURRENT US$
Rnk 173 / 196

GDP GROWTH Flag (2008-2018): 36.7%, CURRENT US$
Rnk 104 / 196

GDP PC Flag (2018): $9,673, CURRENT US$
Rnk 79 / 196

GDP PC GROWTH Flag (2008-2018): -3.43%, CURRENT US$
Rnk 159 / 196

GDP PC Flag (2018): $4,885, CURRENT US$
Rnk 110 / 196

GDP PC GROWTH Flag (2008-2018): 9.51%, CURRENT US$
Rnk 124 / 196

Mexico-Belize: In 2018, Mexico exported $120M to Belize. The main products exported from Mexico to Belize were Cement ($9.03M), Heavy Mixed Woven Cotton ($6.18M), and Cleaning Products ($4.69M). During the last 23 years the exports of Mexico to Belize have increased at an annualized rate of 5.88%, from $32.3M in 1995 to $120M in 2018.

Belize-Mexico: In 2018, Belize exported $3.65M to Mexico. The main products exported from Belize to Mexico were Crustaceans ($1.18M), Scrap Iron ($724k), and Other Sea Vessels ($303k). During the last 23 years the exports of Belize to Mexico have decreased at an annualized rate of 1.89%, from $5.67M in 1995 to $3.65M in 2018.

Comparison: In 2018, Mexico ranked 21 in the Economic Complexity Index (ECI 1.13), and 11 in total exports ($441B). That same year, Belize ranked 166 in total exports ($354M), and does not have data regarding Economic Complexity Index. In terms of GDP Per Capita, Mexico was ranked 79 with a GDP Per Capita of $9,673, and Belize was ranked 110 with a GDP Per Capita of $4,885.

Bilateral Trade by Products

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Depth
Value

In 2018, Mexico exported $120M to Belize. The main products exported from Mexico to Belize were Cement ($9.03M), Heavy Mixed Woven Cotton ($6.18M), and Cleaning Products ($4.69M). During the last 23 years the exports of Mexico to Belize have increased at an annualized rate of 5.88%, from $32.3M in 1995 to $120M in 2018.

In 2018, Belize exported $3.65M to Mexico. The main products exported from Belize to Mexico were Crustaceans ($1.18M), Scrap Iron ($724k), and Other Sea Vessels ($303k). During the last 23 years the exports of Belize to Mexico have decreased at an annualized rate of 1.89%, from $5.67M in 1995 to $3.65M in 2018.

Market Competitiveness

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Measure

Mexico
Top Destination
: United States, $340B

Belize
Top Destination
: United Kingdom, $98.6M

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

In 2018, countries that imported more from Mexico than Belize were United States ($340B), Canada ($18.3B), and Germany ($7.83B).

In 2018, countries that imported more from Belize than Mexico were Saint Martin ($83.5k).

Comparative Advantage Mexico - Belize

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Depth

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

During 2018, Mexico had a large net trade with Belize in the exports of Foodstuffs ($18.9M), Metals ($17.4M), and Chemical Products ($13.3M).

During 2018, Belize had a large net trade with Mexico in the exports of Animal Products ($1.18M), Metals ($979k), and Transportation ($326k).

Tariff Section

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

In 2017, the products from Mexico that paid the highest import tariffs to enter Belize were Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, fresh or chilled (75%) and Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, frozen (75%).

In 2018, the products from Belize that paid the highest import tariffs to enter Mexico 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 Mexico 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 Mexico 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 Mexico has comparative advantage over Belize. Similarly, the more red a dot/product is, the more Belize has comparative advantage over Mexico.