Flag Mexico / Belize Flag

2020
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Exports
: $133M, Rnk 62 / 156

2020
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Top Product
: $16M, Narrow Woven Fabric

2020
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Exports
: $12.7M, Rnk 6 / 118

2020
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Top Product
: $10.8M, Beer

2020
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Economic Complexity (ECI)
: ECI 1.15, Rnk 21 / 127

2020
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GDP
: $1.09T, CURRENT US$
Rnk 15 / 204

2010-2020
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GDP GROWTH
: 2.77%, CURRENT US$
Rnk 155 / 204

2020
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 GDP
: $1.59B, CURRENT US$
Rnk 182 / 204

2010-2020
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GDP GROWTH
: 14.2%, CURRENT US$
Rnk 134 / 204

2020
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GDP PC 
: $8,432, CURRENT US$
Rnk 88 / 204

2010-2020
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GDP PC GROWTH
: -9.06%, CURRENT US$
Rnk 167 / 204

2020
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GDP PC
: $3,988, CURRENT US$
Rnk 128 / 204

2010-2020
Flag
GDP PC GROWTH
: -7.35%, CURRENT US$
Rnk 161 / 204

Mexico-Belize In 2020, Mexico exported $133M to Belize. The main products that Mexico exported to Belize are Narrow Woven Fabric ($16M), Beer ($9.06M), and Cement ($7.18M). During the last 25 years the exports of Mexico to Belize have increased at an annualized rate of 6.06%, from $30.6M in 1995 to $133M in 2020.

In 2020, Mexico did not export any services to Belize.

Belize-Mexico In 2020, Belize exported $12.7M to Mexico. The main products that Belize exported to Mexico were Beer ($10.8M), Soybean Oil ($753k), and Scrap Iron ($415k). During the last 25 years the exports of Belize to Mexico have increased at an annualized rate of 3.51%, from $5.36M in 1995 to $12.7M in 2020.

In 2020, Belize did not export any services to Mexico.

Comparison In 2020,  Mexico ranked 21 in the Economic Complexity Index (ECI 1.15),  and 9 in total exports ($427B). That same year, Belize ranked 170 in total exports ($384M), and does not have data regarding Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Mexico exported $133M to Belize. The main products exported from Mexico to Belize were Narrow Woven Fabric ($16M), Beer ($9.06M), and Cement ($7.18M). During the last 25 years the exports of Mexico to Belize have increased at an annualized rate of 6.06%, from $30.6M in 1995 to $133M in 2020.

In 2020, Belize exported $12.7M to Mexico. The main products exported from Belize to Mexico were Beer ($10.8M), Soybean Oil ($753k), and Scrap Iron ($415k). During the last 25 years the exports of Belize to Mexico have increased at an annualized rate of 3.51%, from $5.36M in 1995 to $12.7M in 2020.

Mexico Exports

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Belize Exports

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Market Competitiveness

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Measure

Mexico
Top Destination
: United States, $326B

Belize
Top Destination
: Seychelles, $100M

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 2019, countries that imported more from Mexico than Belize were United States ($326B), Canada ($16.1B), and China ($8.82B).

In 2019, countries that imported more from Belize than Mexico were Seychelles ($100M), Saint Lucia ($2.02M), and Antigua and Barbuda ($169k).

Comparative Advantage Mexico - Belize

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Flow

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

During 2020, Mexico had a large net trade with Belize in the exports of Foodstuffs ($24.6M), Textiles ($22.7M), and Chemical Products ($14.7M).

During 2020, Belize had a large net trade with Mexico in the exports of Foodstuffs ($10.8M), Animal and Vegetable Bi-Products ($753k), and Metals ($415k).

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 yellow.  This mean that the more blue a dot/product is, the more Mexico has comparative advantage over Belize. Similarly, the more yellow a dot/product is, the more Belize has comparative advantage over Mexico.