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Exports In 2022, Belize exported $937k in Instruments, making it the 170th largest exporter of Instruments in the world. At the same year, Instruments was the 18th most exported product in Belize. The main destination of Instruments exports from Belize are: United States ($466k), Switzerland ($173k), South Africa ($84.2k), Costa Rica ($54.2k), and Luxembourg ($26.1k).

The fastest growing export markets for Instruments of Belize between 2021 and 2022 were United States ($190k), South Africa ($84.2k), and Luxembourg ($25.2k).

Imports In 2022, Belize imported $26.4M in Instruments, becoming the 167th largest importer of Instruments in the world. At the same year, Instruments was the 13th most imported product in Belize. Belize imports Instruments primarily from: United States ($9.72M), Costa Rica ($5.72M), China ($2.23M), Austria ($1.2M), and Germany ($797k).

The fastest growing import markets in Instruments for Belize between 2021 and 2022 were Costa Rica ($5.71M), Germany ($635k), and Canada ($421k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Instruments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$937k
IMPORTS (2022)$26.4M
NET TRADE (2022)-$25.5M

In 2022, Belize exported $937k in Instruments. The main destinations of Belize exports on Instruments were United States ($466k), Switzerland ($173k), South Africa ($84.2k), Costa Rica ($54.2k), and Luxembourg ($26.1k).

In 2022, Belize imported $26.4M in Instruments, mainly from United States ($9.72M), Costa Rica ($5.72M), China ($2.23M), Austria ($1.2M), and Germany ($797k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Instruments EXPORT MARKETS FOR Belize WERE (2021 - 2022):
United States$190k (68.8%)
South Africa$84.2k (145k%)
Luxembourg$25.2k (3.03k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Instruments BY Belize WERE (2021 - 2022):
Canada-$659k (-97%)
United Kingdom-$274k (-91.5%)
Guatemala-$230k (-99.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Belize's main exporting competitors in Instruments were:
In 2022, Belize's main importing competitors in Instruments were:

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Trade Value of Instruments by Exporters

Potential Exports

Potential Exports

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Instruments’s highest export potential is N/A. With an export gap of N/A.   Instruments’s highest import potential is N/A with an import gap of N/A.

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