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Exports In 2022, Belize exported $1.51M in Packaged Medicaments, making it the 123rd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 35th most exported product in Belize. The main destination of Packaged Medicaments exports from Belize are: United Kingdom ($942k), Switzerland ($367k), Australia ($96k), Panama ($43.2k), and Japan ($18k).

The fastest growing export markets for Packaged Medicaments of Belize between 2021 and 2022 were United Kingdom ($942k), Panama ($36.9k), and United States ($16.8k).

Imports In 2022, Belize imported $13.9M in Packaged Medicaments, becoming the 174th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 17th most imported product in Belize. Belize imports Packaged Medicaments primarily from: United States ($4.25M), India ($1.44M), Mexico ($1.43M), Guatemala ($1.41M), and El Salvador ($1.28M).

The fastest growing import markets in Packaged Medicaments for Belize between 2021 and 2022 were India ($644k), El Salvador ($282k), and Mexico ($273k).

Latest Trends

Mar 2024

Subnational Monthly Trade

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Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Packaged Medicaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.51M
IMPORTS (2022)$13.9M
NET TRADE (2022)-$12.4M

In 2022, Belize exported $1.51M in Packaged Medicaments. The main destinations of Belize exports on Packaged Medicaments were United Kingdom ($942k), Switzerland ($367k), Australia ($96k), Panama ($43.2k), and Japan ($18k).

In 2022, Belize imported $13.9M in Packaged Medicaments, mainly from United States ($4.25M), India ($1.44M), Mexico ($1.43M), Guatemala ($1.41M), and El Salvador ($1.28M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Belize WERE (2021 - 2022):
United Kingdom$942k (1%)
Panama$36.9k (585%)
United States$16.8k (56.1k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Belize WERE (2021 - 2022):
Angola-$214k (-100%)
Switzerland-$210k (-36.4%)
Australia-$170k (-64%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Belize's main exporting competitors in Packaged Medicaments were:
In 2022, Belize's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

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