Italy (ITA) and Belize (BLZ) Trade | The Observatory of Economic Complexity

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Italy-Belize Trade: In 2022, Italy exported $9.36M to Belize. The main products that Italy exported to Belize were Recreational Boats ($4.6M), Industrial Food Preperation Machinery ($1.67M), and Wine ($302k). Over the past 5 years the exports of Italy to Belize have decreased at an annualized rate of 2.67%, from $10.7M in 2017 to $9.36M in 2022.

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

Belize-Italy Trade: In 2022, Belize exported $2.89M to Italy. The main products that Belize exported to Italy were Raw Sugar ($2.88M), Low-voltage Protection Equipment ($6k), and Pulley Systems ($5.38k). Over the past 5 years the exports of Belize to Italy have decreased at an annualized rate of 29.8%, from $17M in 2017 to $2.89M in 2022.

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

Comparison In 2022, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

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Overview In N/A, Italy exported €N/A and imported €N/A from Belize, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Italy have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Italy to Belize were . In N/A the top imports of Italy from Belize were .

Growth In N/A, the N/A in Italy's year-by-year exports to Belize was explained primarily by an decrease in product exports in . In N/A, the N/A in Italy's year-by-year imports from Belize was explained primarily by an decrease in product imports in .

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Italy exported $9.36M to Belize. The main products exported from Italy to Belize were Recreational Boats ($4.6M), Industrial Food Preperation Machinery ($1.67M), and Wine ($302k). During the last 5 years the exports of Italy to Belize have decreased at an annualized rate of 2.67%, from $10.7M in 2017 to $9.36M in 2022.

In 2017, Belize exported $2.89M to Italy. The main products exported from Belize to Italy were Raw Sugar ($2.88M), Low-voltage Protection Equipment ($6k), and Pulley Systems ($5.38k). During the last 5 years the exports of Belize to Italy have decreased at an annualized rate of 29.8%, from $17M in 2022 to $2.89M in 2017.

Exports from Italy () to Belize () (2022)

Exports from Belize () to Italy () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Italy
Top DestinationGermany$78.5B

Belize
Top DestinationUnited States$86.5M

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

In 2022, countries that imported more from Italy than Belize included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, no countries were registered that imported more from Belize than from Italy.

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

Comparative Advantage Italy - Belize

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Italy had a large net trade with Belize in the exports of Transportation ($4.81M), Machines ($2.5M), and Foodstuffs ($708k).

During 2017, Belize had a large net trade with Italy in the exports of Foodstuffs ($2.88M), Machines ($11.4k), and Instruments ($710).

Economic Complexity

Competitive Landscape

Year

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Italy () to Belize () (2022)

Exports from Belize () to Italy () (2022)

Market Competitiveness

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

Comparative Advantage Italy - Belize

Economic Complexity

Competitive Landscape

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

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Italy () to Belize () (2022)

Exports from Belize () to Italy () (2022)

Market Competitiveness

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

Comparative Advantage Italy - Belize

Economic Complexity

Competitive Landscape

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

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