Norway (NOR) and Belize (BLZ) Trade | The Observatory of Economic Complexity

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Norway-Belize Trade: In 2022, Norway exported $44.8k to Belize. The main products that Norway exported to Belize were Engine Parts ($29.5k), Plastic Pipes ($8.43k), and Liquid Pumps ($4.53k). Over the past 5 years the exports of Norway to Belize have decreased at an annualized rate of 38.3%, from $500k in 2017 to $44.8k in 2022.

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

Belize-Norway Trade: In 2022, Belize exported $14k to Norway. The main products that Belize exported to Norway were Sauces and Seasonings ($6.02k), Other Plastic Sheetings ($3.71k), and Hard Liquor ($1.59k). Over the past 5 years the exports of Belize to Norway have decreased at an annualized rate of 53.6%, from $646k in 2017 to $14k in 2022.

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

Comparison In 2022, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Norway exported NOK0 and imported NOK4k from Belize, resulting in a negative trade balance of NOK4k. Between November 2023 and November 2024 the exports of Norway have remained the same by NOK0 (N/A%) from NOK0 to NOK0, while imports decreased by NOK-8.24M (-100%) from NOK8.25M to NOK4k.

Trade In November 2024, the top exports of Norway to Belize were General industrial machinery and equipment, n.e.s.,... (NOK64k), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), and Fish (not marine mammals), crustaceans, molluscs... (NOK0). In November 2024 the top imports of Norway from Belize were Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), Fish (not marine mammals), crustaceans, molluscs... (NOK0), and Cereals and cereal preparations (NOK0).

Growth In November 2024, the change in Norway's year-by-year exports to Belize was explained primarily by an decrease in product exports in Power-generating machinery and equipment (NOK-165k or -100%), Plastics in non-primary forms (NOK-81k or -100%), and Rubber manufactures, n.e.s. (NOK-15k or -100%). In November 2024, the decrease in Norway's year-by-year imports from Belize was explained primarily by an decrease in product imports in Fish (not marine mammals), crustaceans, molluscs... (NOK-1k or -100%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)NOK0(N/A%)

IMPORT GROWTH (November 2023 - November 2024)NOK-8.24M(-100%)

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

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

For full datasets download visit Bulk Download page.

Explore Belize and Norway Data

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Norway exported $44.8k to Belize. The main products exported from Norway to Belize were Engine Parts ($29.5k), Plastic Pipes ($8.43k), and Liquid Pumps ($4.53k). During the last 5 years the exports of Norway to Belize have decreased at an annualized rate of 38.3%, from $500k in 2017 to $44.8k in 2022.

In 2017, Belize exported $14k to Norway. The main products exported from Belize to Norway were Sauces and Seasonings ($6.02k), Other Plastic Sheetings ($3.71k), and Hard Liquor ($1.59k). During the last 5 years the exports of Belize to Norway have decreased at an annualized rate of 53.6%, from $646k in 2022 to $14k in 2017.

Exports from Norway () to Belize () (2022)

Exports from Belize () to Norway () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Norway
Top DestinationGermany$78.1B

Belize
Top DestinationUnited States$86.5M

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

In 2022, countries that imported more from Norway than Belize included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from Belize than Norway included Suriname ($3.65M), Saint Lucia ($1.75M), and Antigua and Barbuda ($1.39M).

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

Comparative Advantage Norway - Belize

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Norway had a large net trade with Belize in the exports of Machines ($34k), Plastics and Rubbers ($9.95k), and Paper Goods ($834).

During 2017, Belize had a large net trade with Norway in the exports of Foodstuffs ($8.84k), Plastics and Rubbers ($3.71k), and Miscellaneous ($1.29k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Norway () to Belize () (2022)

Exports from Belize () to Norway () (2022)

Market Competitiveness

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

Comparative Advantage Norway - Belize

Economic Complexity

Competitive Landscape

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

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