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2022
Flag → Flag
Exports $732kRnk 43 / 128
2022
Flag → Flag
Top Product $650kBananas
2022
Flag → Flag
Exports $6MRnk 171 / 222
2022
Flag → Flag
Top Product $2.58MVaccines, blood, antisera, toxins and cultures
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH48.4%CURRENT US$
Rnk 67 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $6,968CURRENT US$
Rnk 92 / 186
2012-2022
Flag
GDP PC GROWTH23.4%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Belize-Belgium Trade: In 2022, Belize exported $732k to Belgium. The main products that Belize exported to Belgium were Bananas ($650k), Raw Sugar ($68.5k), and Centrifuges ($7.08k). Over the past 5 years the exports of Belize to Belgium have increased at an annualized rate of 165%, from $5.56k in 2017 to $732k in 2022.

In 2022, Belize did not export any services to Belgium.

Belgium-Belize Trade: In 2022, Belgium exported $6M to Belize. The main products that Belgium exported to Belize were Vaccines, blood, antisera, toxins and cultures ($2.58M), Animal Food ($1.48M), and Medical Instruments ($312k). Over the past 5 years the exports of Belgium to Belize have increased at an annualized rate of 28.1%,  from $1.74M in 2017 to $6M in 2022.

In 2022, Belgium did not export any services to Belize.

Comparison In 2022,  Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belize exported $732k to Belgium. The main products exported from Belize to Belgium were Bananas ($650k), Raw Sugar ($68.5k), and Centrifuges ($7.08k). During the last 5 years the exports of Belize to Belgium have increased at an annualized rate of 165%, from $5.56k in 2017 to $732k in 2022.

In 2017, Belgium exported $6M to Belize. The main products exported from Belgium to Belize were Vaccines, blood, antisera, toxins and cultures ($2.58M), Animal Food ($1.48M), and Medical Instruments ($312k). During the last 5 years the exports of Belgium to Belize have increased at an annualized rate of 28.1%, from $1.74M in 2022 to $6M in 2017.

Exports from Belize (Flag) to Belgium (Flag) (2022)

Exports from Belgium (Flag) to Belize (Flag) (2022)

Latest Data

Trade between Belize (Flag) and Belgium (Flag)

Belize Exports

Belgium Exports

Market Competitiveness

Color
Belize
Top DestinationUnited States$86.5M
Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from Belize than Belgium included Dominica ($1.29M), Saint Kitts and Nevis ($805k), and Grenada ($950k).

In 2022, countries that imported more from Belgium than Belize included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium (Flag) and Belize (Flag) (2022)

Comparative Advantage Belize - Belgium

Flow
Scale

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

During 2022, Belize had a large net trade with Belgium in the exports of Vegetable Products ($650k), Foodstuffs ($70.1k), and Machines ($11.7k).

During 2017, Belgium had a large net trade with Belize in the exports of Chemical Products ($2.87M), Foodstuffs ($1.63M), and Instruments ($382k).

Economic Complexity

Competitive Landscape

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

Product Space of Belize (Flag) and Belgium (Flag) (2022)

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