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Exports In 2023, Belize exported $20.9M in Refined Petroleum, making it the 139th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most exported product in Belize. The main destination of Refined Petroleum exports from Belize are: United States ($20.4M), Guatemala ($477k), United Arab Emirates ($11.8k), Singapore ($6.08k), and Estonia ($3.23k).

The fastest growing export markets for Refined Petroleum of Belize between 2022 and 2023 were United States ($1.16M), Guatemala ($413k), and Singapore ($6.08k).

Imports In 2023, Belize imported $229M in Refined Petroleum, becoming the 151st 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 ($155M), Guatemala ($41.4M), China ($11.4M), Turkey ($6.45M), and South Korea ($5.21M).

The fastest growing import markets in Refined Petroleum for Belize between 2022 and 2023 were China ($10.9M), South Korea ($5.21M), and Turkey ($2.36M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
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 Refined Petroleum. 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 (2023)$20.9M
IMPORTS (2023)$229M
NET TRADE (2023)-$208M

In 2023, Belize exported $20.9M in Refined Petroleum. The main destinations of Belize exports on Refined Petroleum were United States ($20.4M), Guatemala ($477k), United Arab Emirates ($11.8k), Singapore ($6.08k), and Estonia ($3.23k).

In 2023, Belize imported $229M in Refined Petroleum, mainly from United States ($155M), Guatemala ($41.4M), China ($11.4M), Turkey ($6.45M), and South Korea ($5.21M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Belize WERE (2022 - 2023):
United States$1.16M (6.03%)
Guatemala$413k (645%)
Singapore$6.08k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Belize WERE (2022 - 2023):
Honduras-$1.55M (-100%)
Mexico-$35.6k (-100%)
United Arab Emirates-$29.5k (-71.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Belize's main exporting competitors in Refined Petroleum were:
In 2023, Belize's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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N/A
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Refined Petroleum’s highest export potential is N/A. With an export gap of N/A.   Refined Petroleum’s highest import potential is N/A with an import gap of N/A.

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