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2023
Flag → Flag
Exports $29.5kRnk 84 / 127
2023
Flag → Flag
Top Product $9.5kCars
2023
Flag → Flag
Exports $9.73MRnk 91 / 183
2023
Flag → Flag
Top Product $3.69MCoal Briquettes
2023
Flag
Economic Complexity (ECI) ECI 0.23Rnk 51 / 132
2023
Flag  
GDP$3.07BCURRENT US$
Rnk 168 / 195
2013-2023
Flag
GDP GROWTH50.9%CURRENT US$
Rnk 74 / 195
2023
Flag
 GDP$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC $7,460CURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP PC GROWTH25.4%CURRENT US$
Rnk 86 / 195
2023
Flag
GDP PC$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH-16.1%CURRENT US$
Rnk 173 / 195

About

Belize-Colombia Trade: In 2023, Belize exported $29.5k to Colombia. The main products that Belize exported to Colombia were Cars ($9.5k), Insulated Wire ($4.82k), and Aircraft parts (gliders, balloons, and powered aircraft) ($4.74k). Over the past 5 years the exports of Belize to Colombia have decreased at an annualized rate of 32.1%, from $204k in 2018 to $29.5k in 2023.

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

Colombia-Belize Trade: In 2023, Colombia exported $9.73M to Belize. The main products that Colombia exported to Belize were Coal Briquettes ($3.69M), Electrical Transformers ($2.12M), and Centrifuges ($778k). Over the past 5 years the exports of Colombia to Belize have increased at an annualized rate of 25.3%,  from $3.15M in 2018 to $9.73M in 2023.

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

Comparison In 2023,  Belize ranked 173 in total exports ($386M), and does not have data regarding Economic Complexity Index. That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belize exported $29.5k to Colombia. The main products exported from Belize to Colombia were Cars ($9.5k), Insulated Wire ($4.82k), and Aircraft parts (gliders, balloons, and powered aircraft) ($4.74k). During the last 5 years the exports of Belize to Colombia have decreased at an annualized rate of 32.1%, from $204k in 2018 to $29.5k in 2023.

In 2018, Colombia exported $9.73M to Belize. The main products exported from Colombia to Belize were Coal Briquettes ($3.69M), Electrical Transformers ($2.12M), and Centrifuges ($778k). During the last 5 years the exports of Colombia to Belize have increased at an annualized rate of 25.3%, from $3.15M in 2023 to $9.73M in 2018.

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

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

Latest Data

Trade between Belize (Flag) and Colombia (Flag)

Belize Exports

Colombia Exports

Market Competitiveness

Color
Belize
Top DestinationUnited States$86.2M
Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from Belize than Colombia included Hungary ($10.4M), Tunisia ($1.22M), and Anguilla ($169k).

In 2023, countries that imported more from Colombia than Belize included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

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

Comparative Advantage Belize - Colombia

Flow
Scale

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

During 2023, Belize had a large net trade with Colombia in the exports of Transportation ($17.9k), Machines ($7.69k), and Plastics and Rubbers ($3.12k).

During 2018, Colombia had a large net trade with Belize in the exports of Mineral Products ($3.69M), Machines ($3.29M), and Chemical Products ($1.51M).

Economic Complexity

Competitive Landscape

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

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

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