2023
Flag  
GDP
$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH
-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
 GDP
$3.07BCURRENT US$
Rnk 168 / 195
2013-2023
Flag
GDP GROWTH
50.9%CURRENT US$
Rnk 74 / 195
2023
Flag
GDP PC 
$13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH
-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC
$7,460CURRENT US$
Rnk 101 / 196
2013-2023
Flag
GDP PC GROWTH
25.4%CURRENT US$
Rnk 86 / 195

About

Russia-Belize Trade: In 2023, Russia exported $141k to Belize. The main products that Russia exported to Belize were Nitrogenous Fertilizers ($59.9k), Rolled Tobacco ($40.8k), and Hard Liquor ($40.2k). Over the past 5 years the exports of Russia to Belize have decreased at an annualized rate of 39.8%, from $1.78M in 2018 to $141k in 2023.

In 2020, Russia exported services to Belize worth $25.1M, with Financial services ($9.93M), Other business services ($6.07M), and Computer and information services ($4.89M) being the largest in terms of value.

Belize-Russia Trade: In 2023, Belize exported $5.29k to Russia. The main products that Belize exported to Russia were Rolled Tobacco ($5.29k). Over the past 5 years the exports of Belize to Russia have decreased at an annualized rate of 23.5%,  from $20.2k in 2018 to $5.29k in 2023.

In 2023, Belize did not export any services to Russia.

Comparison In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3),  and 18 in total exports ($394B). That same year, Belize ranked 173 in total exports ($386M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $141k to Belize. The main products exported from Russia to Belize were Nitrogenous Fertilizers ($59.9k), Rolled Tobacco ($40.8k), and Hard Liquor ($40.2k). During the last 5 years the exports of Russia to Belize have decreased at an annualized rate of 39.8%, from $1.78M in 2018 to $141k in 2023.

In 2018, Belize exported $5.29k to Russia. The main products exported from Belize to Russia were Rolled Tobacco ($5.29k). During the last 5 years the exports of Belize to Russia have decreased at an annualized rate of 23.5%, from $20.2k in 2023 to $5.29k in 2018.

Exports from Russia (Flag) to Belize (Flag) (2023)

Exports from Belize (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top Destination
China$129B
Belize
Top Destination
United States$86.2M

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

In 2023, countries that imported more from Russia than Belize included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Belize than Russia included Trinidad and Tobago ($15.5M), Barbados ($4.55M), and Guyana ($3.19M).

Difference in imports from Belize (Flag) and Russia (Flag) (2023)

Comparative Advantage Russia - Belize

Flow
Scale

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

During 2023, Russia had a large net trade with Belize in the exports of Foodstuffs ($81k) and Chemical Products ($59.9k).

During 2018, Belize had a large net trade with Russia in the exports of Foodstuffs ($5.29k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Russia and Belize. This means that a dot/product with the flag of Russia indicates it has a comparative advantage over Belize. Similarly, a dot/product with the flag of Belize indicates it has a comparative advantage over Russia.

Product Space of Russia (Flag) and Belize (Flag) (2023)

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