Refined Petroleum in Belize

EXPORTS (2018): $13.4M, World Rnk 125 / 198
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TOP DESTINATION (2018): $12.9M, United States

FASTEST GROWING MARKET (2017 - 2018): $9.36M, United States

IMPORTS (2018): $167M, World Rnk 148 / 221
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TOP ORIGIN (2018): $123M, United States

FASTEST GROWING ORIGIN (2017 - 2018): $108M, United States

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

Overview: This page contains the latest trade data of Refined Petroleum in Belize.

Exports: In 2018, Belize exported $13.4M in Refined Petroleum, making it the 125th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most exported product in Belize. The main destination of Refined Petroleum exports from Belize are: United States ($12.9M), Venezuela ($461k), Mexico ($28.6k), Indonesia ($15.4k), and Estonia ($5.06k).

The fastest growing export markets for Refined Petroleum of Belize between 2017 and 2018 were United States ($9.36M), Mexico ($28.6k), and Indonesia ($15.4k).

Imports: In 2018, Belize imported $167M in Refined Petroleum, becoming the 148th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Belize. Belize imports Refined Petroleum primarily from: United States ($123M), Curaçao ($15.1M), El Salvador ($9.85M), Guatemala ($6.44M), and Turkey ($5.43M).

The fastest growing import markets in Refined Petroleum for Belize between 2017 and 2018 were United States ($108M), Turkey ($5.12M), and El Salvador ($4.49M).

Tariffs: In 2018, the average tariff for Belize in Refined Petroleum was 2.97%. The countries with the highest import tariffs for Refined Petroleum were Angola (3.13%), Burundi (3.13%), Benin (3.13%), Burkina Faso (3.13%), and Botswana (3.13%).

Value

EXPORTS (2018): $13.4M

IMPORTS (2018): $167M

NET TRADE (2018): -$153M

In 2018, Belize exported $13.4M in Refined Petroleum. The main destinations of Belize exports on Refined Petroleum were United States ($12.9M), Venezuela ($461k), Mexico ($28.6k), Indonesia ($15.4k), and Estonia ($5.06k).

In 2018, Belize imported $167M in Refined Petroleum, mainly from United States ($123M), Curaçao ($15.1M), El Salvador ($9.85M), Guatemala ($6.44M), and Turkey ($5.43M).

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IN 2018, Belize HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

  • Venezuela, $461k ($461k - $0)
  • Indonesia, $15.4k ($15.4k - $0)

IN 2018, Belize HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

  • United States, -$110M ($12.9M - $123M)
  • Curaçao, -$15.1M ($0 - $15.1M)
  • El Salvador, -$9.85M ($0 - $9.85M)
Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Belize WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Belize WERE (2017 - 2018):

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Market Concentration

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Flow
Type

In 2018, Belize's main exporting competitors in Refined Petroleum were:

In 2018, Belize's main importing competitors in Refined Petroleum were:

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Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Refined Petroleum in Belize. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

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Tariffs by Country

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In 2018, the average tariff for Belize in Refined Petroleum was 2.97%.

The countries with the highest tariffs for Refined Petroleum in Belize were Angola (3.13%), Burundi (3.13%), Benin (3.13%), Burkina Faso (3.13%), and Botswana (3.13%).

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