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Pricing

2022
Flag → Flag
Exports $31.1kRnk 81 / 128
2022
Flag → Flag
Top Product $23.9kOffice Machine Parts
2022
Flag → Flag
Exports $1.22MRnk 67 / 148
2022
Flag → Flag
Top Product $904kRolled Tobacco
2022
Flag
Economic Complexity (ECI) ECI -0.97Rnk 110 / 133
2022
Flag  
GDP$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH48.4%CURRENT US$
Rnk 67 / 186
2022
Flag
 GDP$15.7BCURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP GROWTH48.8%CURRENT US$
Rnk 66 / 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$2,255CURRENT US$
Rnk 142 / 186
2012-2022
Flag
GDP PC GROWTH29.1%CURRENT US$
Rnk 66 / 186

About

Belize-Nicaragua Trade: In 2022, Belize exported $31.1k to Nicaragua. The main products that Belize exported to Nicaragua were Office Machine Parts ($23.9k), Ornamental Ceramics ($6.26k), and Refrigerators ($858). Over the past 5 years the exports of Belize to Nicaragua have decreased at an annualized rate of 30.2%, from $188k in 2017 to $31.1k in 2022.

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

Nicaragua-Belize Trade: In 2022, Nicaragua exported $1.22M to Belize. The main products that Nicaragua exported to Belize were Rolled Tobacco ($904k), Packaged Medicaments ($251k), and Harvesting Machinery ($33.1k). Over the past 5 years the exports of Nicaragua to Belize have increased at an annualized rate of 23.7%,  from $422k in 2017 to $1.22M in 2022.

In 2022, Nicaragua 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, Nicaragua ranked 110 in the Economic Complexity Index (ECI -0.97), and 111 in total exports ($7.92B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belize exported $31.1k to Nicaragua. The main products exported from Belize to Nicaragua were Office Machine Parts ($23.9k), Ornamental Ceramics ($6.26k), and Refrigerators ($858). During the last 5 years the exports of Belize to Nicaragua have decreased at an annualized rate of 30.2%, from $188k in 2017 to $31.1k in 2022.

In 2017, Nicaragua exported $1.22M to Belize. The main products exported from Nicaragua to Belize were Rolled Tobacco ($904k), Packaged Medicaments ($251k), and Harvesting Machinery ($33.1k). During the last 5 years the exports of Nicaragua to Belize have increased at an annualized rate of 23.7%, from $422k in 2022 to $1.22M in 2017.

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

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

Latest Data

Trade between Belize (Flag) and Nicaragua (Flag)

Belize Exports

Nicaragua Exports

Date

Market Competitiveness

Color
Belize
Top DestinationUnited States$86.5M
Nicaragua
Top DestinationUnited States$4.09B

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

In 2022, countries that imported more from Belize than Nicaragua included Hungary ($18.3M), Trinidad and Tobago ($14.7M), and Jamaica ($14.9M).

In 2022, countries that imported more from Nicaragua than Belize included United States ($4.09B), Mexico ($943M), and Honduras ($541M).

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

Comparative Advantage Belize - Nicaragua

Flow
Scale

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

During 2022, Belize had a large net trade with Nicaragua in the exports of Machines ($24.7k), Stone And Glass ($6.26k), and Instruments ($61).

During 2017, Nicaragua had a large net trade with Belize in the exports of Foodstuffs ($920k), Chemical Products ($252k), and Machines ($37.1k).

Economic Complexity

Competitive Landscape

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

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

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