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2022
Flag → Flag
Exports $18.3MRnk 6 / 128
2022
Flag → Flag
Top Product $9.73MNitrogen Heterocyclic Compounds
2022
Flag → Flag
Exports $97.6kRnk 189 / 205
2022
Flag → Flag
Top Product $88.7kPesticides
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH48.4%CURRENT US$
Rnk 67 / 186
2022
Flag
 GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 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$18,463CURRENT US$
Rnk 55 / 186
2012-2022
Flag
GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186

About

Belize-Hungary Trade: In 2022, Belize exported $18.3M to Hungary. The main products that Belize exported to Hungary were Nitrogen Heterocyclic Compounds ($9.73M), Nucleic Acids ($3.62M), and Carboxyamide Compounds ($2.56M). Over the past 5 years the exports of Belize to Hungary have increased at an annualized rate of 143%, from $217k in 2017 to $18.3M in 2022.

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

Hungary-Belize Trade: In 2022, Hungary exported $97.6k to Belize. The main products that Hungary exported to Belize were Pesticides ($88.7k), Electric Batteries ($4.46k), and Motor vehicles; parts and accessories (8701 to 8705) ($2.39k). Over the past 5 years the exports of Hungary to Belize have increased at an annualized rate of 6.49%,  from $67k in 2017 to $97.6k in 2022.

In 2022, Hungary 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, Hungary ranked 14 in the Economic Complexity Index (ECI 1.38), and 35 in total exports ($145B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belize exported $18.3M to Hungary. The main products exported from Belize to Hungary were Nitrogen Heterocyclic Compounds ($9.73M), Nucleic Acids ($3.62M), and Carboxyamide Compounds ($2.56M). During the last 5 years the exports of Belize to Hungary have increased at an annualized rate of 143%, from $217k in 2017 to $18.3M in 2022.

In 2017, Hungary exported $97.6k to Belize. The main products exported from Hungary to Belize were Pesticides ($88.7k), Electric Batteries ($4.46k), and Motor vehicles; parts and accessories (8701 to 8705) ($2.39k). During the last 5 years the exports of Hungary to Belize have increased at an annualized rate of 6.49%, from $67k in 2022 to $97.6k in 2017.

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

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

Latest Data

Trade between Belize (Flag) and Hungary (Flag)

Belize Exports

Hungary Exports

Market Competitiveness

Color
Belize
Top DestinationUnited States$86.5M
Hungary
Top DestinationGermany$35.5B

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

In 2022, countries that imported more from Belize than Hungary included Guatemala ($39.2M), Honduras ($19.9M), and Jamaica ($14.9M).

In 2022, countries that imported more from Hungary than Belize included Germany ($35.5B), Italy ($8.02B), and Romania ($7.94B).

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

Comparative Advantage Belize - Hungary

Flow
Scale

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

During 2022, Belize had a large net trade with Hungary in the exports of Chemical Products ($18.3M), Plastics and Rubbers ($9.31k), and Machines ($10).

During 2017, Hungary had a large net trade with Belize in the exports of Chemical Products ($88.7k), Machines ($4.74k), and Transportation ($2.39k).

Economic Complexity

Competitive Landscape

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

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

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