Hungary (HUN) and Belize (BLZ) Trade | The Observatory of Economic Complexity

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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 7.84%, from $67k in 2017 to $97.6k in 2022.

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

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 29.8%, from $217k in 2017 to $18.3M in 2022.

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

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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 7.84%, from $67k in 2017 to $97.6k in 2022.

In 2017, 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 29.8%, from $217k in 2022 to $18.3M in 2017.

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

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

Latest Data

Trade between Hungary () and Belize ()

Hungary Exports

Date

Belize Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$35.5B

Belize
Top DestinationUnited States$86.5M

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

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

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

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

Comparative Advantage Hungary - Belize

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Hungary had a large net trade with Belize in the exports of Chemical Products ($88.7k), Machines ($4.74k), and Transportation ($2.39k).

During 2017, Belize had a large net trade with Hungary in the exports of Chemical Products ($18.3M), Plastics and Rubbers ($9.31k), and Machines ($10).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Hungary () and Belize ()

Hungary Exports

Belize Exports

Market Competitiveness

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

Comparative Advantage Hungary - Belize

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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