India (IND) and Belize (BLZ) Trade | The Observatory of Economic Complexity

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India-Belize In 2022, India exported $21.4M to Belize. The main products that India exported to Belize are Rolled Tobacco ($6.39M), Knit Men's Shirts ($1.64M), and Packaged Medicaments ($1.44M). During the last 27 years the exports of India to Belize have increased at an annualized rate of 16.9%, from $314k in 1995 to $21.4M in 2022.

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

Belize-India In 2022, Belize exported $864k to India. The main products that Belize exported to India were Animal Food ($230k), Light Rubberized Knitted Fabric ($155k), and Scrap Iron ($127k). During the last 27 years the exports of Belize to India have increased at an annualized rate of 30.1%, from $716 in 1995 to $864k in 2022.

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

Comparison In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

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Overview In February 2024, India exported $1.29M and imported $70k from Belize, resulting in a positive trade balance of $1.22M. Between February 2023 and February 2024 the exports of India have decreased by $-213k (-14.1%) from $1.51M to $1.29M, while imports decreased by $-24k (-25.6%) from $94k to $70k.

Trade In February 2024, the top exports of India to Belize were Tobacco Manufactured ($1.11M), Agro Chemicals ($113k), Electric Machinery And Equipme ($61.3k), Rmg Manmade Fibres ($37.7k), and Rmg Cotton Incl Accessories ($36.4k). In February 2024 the top imports of India from Belize were Oth Txtl Yrn, Fbric Mdup Artcl ($65.8k), Auto Components/Parts ($18.7k), and Electric Machinery And Equipme ($9.54k).

Growth In February 2024, the decrease in India's year-by-year exports to Belize was explained primarily by an decrease in product exports in Drug Formulations, Biologicals ($-60.6k or -75%). In January 2024, the decrease in India's year-by-year imports from Belize was explained primarily by an decrease in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)$-213k(-14.1%)

IMPORT GROWTH (January 2023 - January 2024)$-24k(-25.6%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Belize and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $21.4M to Belize. The main products exported from India to Belize were Rolled Tobacco ($6.39M), Knit Men's Shirts ($1.64M), and Packaged Medicaments ($1.44M). During the last 27 years the exports of India to Belize have increased at an annualized rate of 16.9%, from $314k in 1995 to $21.4M in 2022.

In 2022, Belize exported $864k to India. The main products exported from Belize to India were Animal Food ($230k), Light Rubberized Knitted Fabric ($155k), and Scrap Iron ($127k). During the last 25 years the exports of Belize to India have increased at an annualized rate of 30.1%, from $716 in 1997 to $864k in 2022.

Exports from India () to Belize () (2022)

Exports from Belize () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Belize
Top DestinationUnited States$86.5M

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 2021, countries that imported more from India than Belize were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2019, no countries were registered that imported more from Belize than from India.

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

Comparative Advantage India - Belize

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Belize in the exports of Foodstuffs ($6.62M), Textiles ($5.88M), and Chemical Products ($3.08M).

During 2022, Belize had a large net trade with India in the exports of Textiles ($355k), Foodstuffs ($230k), and Metals ($130k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over Belize. Similarly, the more yellow a dot/product is, the more Belize has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Belize () (2022)

Exports from Belize () to India () (2022)

Market Competitiveness

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

Comparative Advantage India - Belize

Economic Complexity

Competitive Landscape

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

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