Mexico (MEX) and Belize (BLZ) Trade

About

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.

Product Trade

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Bilateral Trade by Products

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Depth

Value

Year

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.

Latest Data

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Market Competitiveness

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Measure

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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

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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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Tariffs

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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

Forecasts

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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.

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Economic Complexity

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Competitive Landscape

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Year

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.

About

Product Trade

Bilateral Trade by Products

Latest Data

Market Competitiveness

Comparative Advantage Mexico - Belize

Tariff Section

Tariffs

Forecasts

Trade Forecasts

Economic Complexity

Competitive Landscape

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