In 2020, Belize exported a total of $384M, making it the number 170 exporter in the world. During the last five reported years the exports of Belize have changed by -$113M from $496M in 2015 to $384M in 2020.
In 2020, Belize exported $426M worth of services. The top services exported by Belize in 2020 were Personal travel ($237M), Miscellaneous business, professional, and technical services ($51.2M), Government services, n.i.e. ($46.3M), Computer and information services ($42.7M), and Sea transport ($18.6M).
The top services imported by Belize in 2020 were Sea transport ($62.7M), Miscellaneous business, professional, and technical services ($30.2M), Personal travel ($20.2M), Reinsurance ($19.2M), and Government services, n.i.e. ($15.3M).
Belize has a high level of specialization in Molasses (445), Recreational Boats (233), Bananas (142), Bran (104), and Raw Sugar (101). Specialization is measured using RCA, an index that takes the ratio between Belize observed and expected exports in each product.
The top export opportunities for Belize according to the relatedness index, are Gold (0.1), Tropical Fruits (0.098), Other Oily Seeds (0.094), Fish Fillets (0.093), and Wheat Flours (0.092). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Belize is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
This network shows the products most related to the production structure of Belize. These are products that tend to be co-exported with the products that Belize exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities.
Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.