Portugal (PRT) and Belize (BLZ) Trade | The Observatory of Economic Complexity

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Portugal-Belize In 2022, Portugal exported $82.2k to Belize. The main products that Portugal exported to Belize are Non-Knit Men's Shirts ($19.4k), Non-Knit Men's Suits ($11.3k), and Non-Knit Active Wear ($10.9k). During the last 27 years the exports of Portugal to Belize have increased at an annualized rate of 7.17%, from $12.7k in 1995 to $82.2k in 2022.

In 2022, Portugal did not export any services to Belize.

Belize-Portugal In 2022, Belize exported $5.6M to Portugal. The main products that Belize exported to Portugal were Molluscs ($2.65M), Raw Sugar ($2.11M), and Non-fillet Frozen Fish ($744k). During the last 27 years the exports of Belize to Portugal have decreased at an annualized rate of 1.01%, from $7.38M in 1995 to $5.6M in 2022.

In 2022, Belize did not export any services to Portugal.

Comparison In 2022, Portugal ranked 40 in the Economic Complexity Index (ECI 0.58), and 48 in total exports ($81.7B). That same year, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, Portugal exported €0 and imported €231k from Belize, resulting in a negative trade balance of €231k. Between January 2023 and January 2024 the exports of Portugal have decreased by €-19.9k (-100%) from €19.9k to €0, while imports decreased by €-118k (-33.7%) from €349k to €231k.

Trade In January 2024, the top exports of Portugal to Belize were Ceramic products (€19.9k), Live animals (€0), Meat & edible offal (€0), Fish, crustaceans, & molluscs (€0), and Edible products of animal origin, n.e.s. (€0). In January 2024 the top imports of Portugal from Belize were Sugars & confectioneries (€322k), Fish, crustaceans, & molluscs (€26.6k), Live animals (€0), Meat & edible offal (€0), and Edible products of animal origin, n.e.s. (€0).

Growth In January 2024, the decrease in Portugal's year-by-year exports to Belize was explained primarily by an decrease in product exports in . In January 2024, the decrease in Portugal's year-by-year imports from Belize was explained primarily by an decrease in product imports in Sugars & confectioneries (€-83.9k or -20.7%) and Fish, crustaceans, & molluscs (€-13.4k or -33.4%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-19.9k(-100%)

IMPORT GROWTH (January 2023 - January 2024)€-118k(-33.7%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Belize and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $82.2k to Belize. The main products exported from Portugal to Belize were Non-Knit Men's Shirts ($19.4k), Non-Knit Men's Suits ($11.3k), and Non-Knit Active Wear ($10.9k). During the last 27 years the exports of Portugal to Belize have increased at an annualized rate of 7.17%, from $12.7k in 1995 to $82.2k in 2022.

In 2022, Belize exported $5.6M to Portugal. The main products exported from Belize to Portugal were Molluscs ($2.65M), Raw Sugar ($2.11M), and Non-fillet Frozen Fish ($744k). During the last 27 years the exports of Belize to Portugal have decreased at an annualized rate of 1.01%, from $7.38M in 1995 to $5.6M in 2022.

Exports from Portugal () to Belize () (2022)

Exports from Belize () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Belize
Top DestinationUnited States$86.5M

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

In 2021, countries that imported more from Portugal than Belize were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2021, countries that imported more from Belize than Portugal were Jamaica ($14.9M), Guatemala ($39.2M), and Honduras ($19.9M).

Difference in imports from Belize () and Portugal () (2022)

Comparative Advantage Portugal - Belize

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Portugal had a large net trade with Belize in the exports of Textiles ($57k), Miscellaneous ($8.32k), and Footwear and Headwear ($7.94k).

During 2022, Belize had a large net trade with Portugal in the exports of Animal Products ($3.39M), Foodstuffs ($2.11M), and Vegetable Products ($96.2k).

Economic Complexity

Competitive Landscape

Year

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 Portugal has comparative advantage over Belize. Similarly, the more yellow a dot/product is, the more Belize has comparative advantage over Portugal.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Portugal () to Belize () (2022)

Exports from Belize () to Portugal () (2022)

Market Competitiveness

Difference in imports from Belize () and Portugal () (2022)

Comparative Advantage Portugal - Belize

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Belize () (2022)

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