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2023
Flag → Flag
Exports $6.63MRnk 172 / 220
2023
Flag → Flag
Top Product $2.1MOther Agricultural Machinery
2023
Flag → Flag
Exports $883kRnk 39 / 127
2023
Flag → Flag
Top Product $663kBananas
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
 GDP$3.07BCURRENT US$
Rnk 168 / 195
2013-2023
Flag
GDP GROWTH50.9%CURRENT US$
Rnk 74 / 195
2023
Flag
GDP PC $54,701CURRENT US$
Rnk 20 / 195
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195
2023
Flag
GDP PC$7,460CURRENT US$
Rnk 101 / 196
2013-2023
Flag
GDP PC GROWTH25.4%CURRENT US$
Rnk 86 / 195

About

Belgium-Belize Trade: In 2023, Belgium exported $6.63M to Belize. The main products that Belgium exported to Belize were Other Agricultural Machinery ($2.1M), Animal Food ($1.38M), and Fruit Juice ($753k). Over the past 5 years the exports of Belgium to Belize have increased at an annualized rate of 23.9%, from $2.28M in 2018 to $6.63M in 2023.

In 2023, Belgium did not export any services to Belize.

Belize-Belgium Trade: In 2023, Belize exported $883k to Belgium. The main products that Belize exported to Belgium were Bananas ($663k), Raw Sugar ($211k), and Hard Liquor ($3.41k). Over the past 5 years the exports of Belize to Belgium have decreased at an annualized rate of 1.98%,  from $976k in 2018 to $883k in 2023.

In 2023, Belize did not export any services to Belgium.

Comparison In 2023,  Belgium ranked 20 in the Economic Complexity Index (ECI 1.23),  and 13 in total exports ($437B). That same year, Belize ranked 173 in total exports ($386M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Belgium exported €362k and imported €17.8k from Belize, resulting in a positive trade balance of €345k. Between November 2023 and November 2024 the exports of Belgium have increased by €280k (341%) from €82.2k to €362k, while imports increased by €3.2k (22%) from €14.6k to €17.8k.

Trade In November 2024, the top exports of Belgium to Belize were Food residues & wastes; animal fodder (€103k), Preparations of vegetables, fruit, nuts or... (€72.9k), Inorganic chemicals (€51.2k), Machinery, mechanical appliances, & parts (€41.8k), and Optical, photo, & film equipment; medical... (€10.6k). In November 2024 the top imports of Belgium from Belize were Edible fruits, nuts & fruit peels (€75.1k) and Machinery, mechanical appliances, & parts (€467).

Growth In November 2024, the increase in Belgium's year-by-year exports to Belize was explained primarily by an increase in product exports in Food residues & wastes; animal fodder (€103k or 29.9k%) and Machinery, mechanical appliances, & parts (€41.8k or 2.09M%). In November 2024, the increase in Belgium's year-by-year imports  from Belize was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)€280k(341%)
IMPORT GROWTH (November 2023 - November 2024)€3.2k(22%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check Belize and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Belize and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belgium exported $6.63M to Belize. The main products exported from Belgium to Belize were Other Agricultural Machinery ($2.1M), Animal Food ($1.38M), and Fruit Juice ($753k). During the last 5 years the exports of Belgium to Belize have increased at an annualized rate of 23.9%, from $2.28M in 2018 to $6.63M in 2023.

In 2018, Belize exported $883k to Belgium. The main products exported from Belize to Belgium were Bananas ($663k), Raw Sugar ($211k), and Hard Liquor ($3.41k). During the last 5 years the exports of Belize to Belgium have decreased at an annualized rate of 1.98%, from $976k in 2023 to $883k in 2018.

Exports from Belgium (Flag) to Belize (Flag) (2023)

Exports from Belize (Flag) to Belgium (Flag) (2023)

Market Competitiveness

Color
Belgium
Top DestinationFrance$85.6B
Belize
Top DestinationUnited States$86.2M

This map shows whether countries import more from Belgium or Belize. Each country is colored based on the difference in imports they receive from Belgium and Belize or the difference in the growth in imports.

In 2023, countries that imported more from Belgium than Belize included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

In 2023, countries that imported more from Belize than Belgium included Saint Kitts and Nevis ($889k) and Anguilla ($169k).

Difference in imports from Belize (Flag) and Belgium (Flag) (2023)

Comparative Advantage Belgium - Belize

Flow
Scale

This chart compares trade between Belgium and Belize by product, considering products traded by both, Belgium and Belize.

During 2023, Belgium had a large net trade with Belize in the exports of Foodstuffs ($2.47M), Machines ($2.31M), and Metals ($1.2M).

During 2018, Belize had a large net trade with Belgium in the exports of Vegetable Products ($663k), Foodstuffs ($215k), and Machines ($2.7k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and Belize. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over Belize. Similarly, a dot/product with the flag of Belize indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and Belize (Flag) (2023)

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