In 2019, Belize exported a total of $319M, making it the number 171 exporter in the world. During the last five reported years the exports of Belize have changed by -$275M from $594M in 2014 to $319M in 2019.
In 2019 Belize imported $1.12B, making it the number 173 trade destination in the world. During the last five reported years the imports of Belize changed by -$108M from $1.23B in 2014 to $1.12B in 2019.
In 2018, Belize exported $626M worth of services. The top services exported by Belize in 2018 were Personal travel ($469M), Miscellaneous business, professional, and technical services ($50.6M), Government services, n.i.e. ($40.2M), Business travel ($17.2M), and Sea transport ($16.2M).
The top services imported by Belize in 2018 were Sea transport ($64.9M), Personal travel ($46.4M), Miscellaneous business, professional, and technical services ($35M), Reinsurance ($19.8M), and Government services, n.i.e. ($18.6M).
*The tariffs applied to imports for Belize are:76: Agreement between CARICOM Caribbean Community (CARICOM) Less Developed Countries (LDCs) : Antigua & Barbuda,Belize,Commonwealth of Dominica,Grenada,Republic of Haiti,Montserrat,Federation of St. Kitt77: Agreement between CARICOM Caribbean Community (CARICOM) More Developed Countries (MDCs) : Commonwealth of the Bahamas,Barbados,Co-operative Republic of Guyana, Jamaica, Republic of Suriname and Repub136: Most Favoured Nation duty rate treatement154: Preferential tariff Agreement between Caribbean Community (CARICOM) member states218: Preferential tariff for European Union countries229: Preferential tariff for Guatemala
Belize has a high level of specialization in Molasses (313), Raw Sugar (181), Bananas (160), Fruit Juice (108), and Bran (99). Specialization is measured using RCA, an index that takes the ratio between Belize observed and expected exports in each product.
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 it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a 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 emissions.