2023
Flag  
GDP
$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH
92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
 GDP
$3.07BCURRENT US$
Rnk 168 / 195
2013-2023
Flag
GDP GROWTH
50.9%CURRENT US$
Rnk 74 / 195
2023
Flag
GDP PC 
$2,481CURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP PC GROWTH
73.1%CURRENT US$
Rnk 22 / 195
2023
Flag
GDP PC
$7,460CURRENT US$
Rnk 101 / 196
2013-2023
Flag
GDP PC GROWTH
25.4%CURRENT US$
Rnk 86 / 195

About

India-Belize Trade: In 2023, India exported $19.6M to Belize. The main products that India exported to Belize were Rolled Tobacco ($5.42M), Packaged Medicaments ($2.36M), and Non-Knit Women's Suits ($2M). Over the past 5 years the exports of India to Belize have increased at an annualized rate of 3.29%, from $16.7M in 2018 to $19.6M in 2023.

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

Belize-India Trade: In 2023, Belize exported $312k to India. The main products that Belize exported to India were Other Vegetable Residues and Waste ($154k), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($59.4k), and Animal Food ($52.6k). Over the past 5 years the exports of Belize to India have decreased at an annualized rate of 17.2%,  from $799k in 2018 to $312k in 2023.

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

Comparison In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65),  and 12 in total exports ($441B). That same year, Belize ranked 173 in total exports ($386M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, India exported $19.6M to Belize. The main products exported from India to Belize were Rolled Tobacco ($5.42M), Packaged Medicaments ($2.36M), and Non-Knit Women's Suits ($2M). During the last 5 years the exports of India to Belize have increased at an annualized rate of 3.29%, from $16.7M in 2018 to $19.6M in 2023.

In 2018, Belize exported $312k to India. The main products exported from Belize to India were Other Vegetable Residues and Waste ($154k), Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($59.4k), and Animal Food ($52.6k). During the last 5 years the exports of Belize to India have decreased at an annualized rate of 17.2%, from $799k in 2023 to $312k in 2018.

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

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

Market Competitiveness

Color
India
Top Destination
United States$85.5B
Belize
Top Destination
United States$86.2M

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

In 2023, countries that imported more from India than Belize included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, countries that imported more from Belize than India included Saint Martin ($50.3k).

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

Comparative Advantage India - Belize

Flow
Scale

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

During 2023, India had a large net trade with Belize in the exports of Foodstuffs ($5.65M), Textiles ($4.49M), and Chemical Products ($3.77M).

During 2018, Belize had a large net trade with India in the exports of Foodstuffs ($206k), Chemical Products ($59.4k), and Textiles ($27.4k).

Economic Complexity

Competitive Landscape

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

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

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