2022
Exports
$22.4MWorld Rnk 158 / 216
Flag Rnk 5 / 87
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$293MWorld Rnk 156 / 225
Flag Rnk 1 / 96

About

Exports In 2022, Belize exported $22.4M in Mineral fuels, mineral oils and products of their distillation, making it the 158th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 5th most exported product in Belize. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Belize are: United States ($19.3M), Honduras ($1.55M), Guatemala ($1.53M), United Arab Emirates ($36.4k), and Mexico ($35.6k).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Belize between 2021 and 2022 were United States ($8.63M), Honduras ($1.55M), and Guatemala ($768k).

Imports In 2022, Belize imported $293M in Mineral fuels, mineral oils and products of their distillation, becoming the 156th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Belize. Belize imports Mineral fuels, mineral oils and products of their distillation primarily from: United States ($183M), Guatemala ($48.9M), Cayman Islands ($18.9M), China ($12.3M), and Trinidad and Tobago ($7.58M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Belize between 2021 and 2022 were United States ($63.9M), Guatemala ($14.5M), and Trinidad and Tobago ($7.58M).

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 Mineral fuels, mineral oils and products of their distillation. 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)$22.4M
IMPORTS (2022)$293M
NET TRADE (2022)-$271M

In 2022, Belize exported $22.4M in Mineral fuels, mineral oils and products of their distillation. The main destinations of Belize exports on Mineral fuels, mineral oils and products of their distillation were United States ($19.3M), Honduras ($1.55M), Guatemala ($1.53M), United Arab Emirates ($36.4k), and Mexico ($35.6k).

In 2022, Belize imported $293M in Mineral fuels, mineral oils and products of their distillation, mainly from United States ($183M), Guatemala ($48.9M), Cayman Islands ($18.9M), China ($12.3M), and Trinidad and Tobago ($7.58M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Belize WERE (2021 - 2022):
United States$8.63M (81.3%)
Honduras$1.55M (1%)
Guatemala$768k (101%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Belize WERE (2021 - 2022):
Namibia-$139k (-100%)
South Korea-$55.3k (-100%)
Chile-$21.3k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Belize's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Belize's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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N/A
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N/AN/A

Mineral fuels, mineral oils and products of their distillation’s highest export potential is N/A. With an export gap of N/A.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is N/A with an import gap of N/A.

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