2022
Flag  
GDP
$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH
30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
 GDP
$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH
48.4%CURRENT US$
Rnk 67 / 186
2022
Flag
GDP PC 
$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH
12.6%CURRENT US$
Rnk 106 / 186
2022
Flag
GDP PC
$6,968CURRENT US$
Rnk 92 / 186
2012-2022
Flag
GDP PC GROWTH
23.4%CURRENT US$
Rnk 76 / 186

About

Ecuador-Belize Trade: In 2022, Ecuador exported $410k to Belize. The main products that Ecuador exported to Belize were Prefabricated Buildings ($170k), Iron Stovetops ($130k), and Bathroom Ceramics ($105k). Over the past 5 years the exports of Ecuador to Belize have decreased at an annualized rate of 1.33%, from $439k in 2017 to $410k in 2022.

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

Belize-Ecuador Trade: In 2022, Belize exported $288k to Ecuador. The main products that Belize exported to Ecuador were Office Machine Parts ($267k), Electrical Transformers ($9.94k), and Integrated Circuits ($8.73k). Over the past 5 years the exports of Belize to Ecuador have increased at an annualized rate of 115%,  from $6.2k in 2017 to $288k in 2022.

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

Comparison In 2022,  Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96),  and 68 in total exports ($36B). That same year, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ecuador exported $410k to Belize. The main products exported from Ecuador to Belize were Prefabricated Buildings ($170k), Iron Stovetops ($130k), and Bathroom Ceramics ($105k). During the last 5 years the exports of Ecuador to Belize have decreased at an annualized rate of 1.33%, from $439k in 2017 to $410k in 2022.

In 2017, Belize exported $288k to Ecuador. The main products exported from Belize to Ecuador were Office Machine Parts ($267k), Electrical Transformers ($9.94k), and Integrated Circuits ($8.73k). During the last 5 years the exports of Belize to Ecuador have increased at an annualized rate of 115%, from $6.2k in 2022 to $288k in 2017.

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

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

Market Competitiveness

Color
Ecuador
Top Destination
United States$9.86B
Belize
Top Destination
United States$86.5M

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

In 2022, countries that imported more from Ecuador than Belize included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

In 2022, countries that imported more from Belize than Ecuador included Hungary ($18.3M), Suriname ($3.65M), and Guyana ($3.67M).

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

Comparative Advantage Ecuador - Belize

Flow
Scale

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

During 2022, Ecuador had a large net trade with Belize in the exports of Miscellaneous ($170k), Metals ($131k), and Stone And Glass ($105k).

During 2017, Belize had a large net trade with Ecuador in the exports of Machines ($288k) and Plastics and Rubbers ($378).

Economic Complexity

Competitive Landscape

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

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

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