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Exports In 2022, Belize exported $2.11M in Pharmaceutical products, making it the 131st largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 27th most exported product in Belize. The main destination of Pharmaceutical products exports from Belize are: United Kingdom ($942k), United States ($614k), Switzerland ($367k), Australia ($96k), and Panama ($43.2k).

The fastest growing export markets for Pharmaceutical products of Belize between 2021 and 2022 were United Kingdom ($942k), United States ($608k), and Panama ($34k).

Imports In 2022, Belize imported $20.4M in Pharmaceutical products, becoming the 175th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 22nd most imported product in Belize. Belize imports Pharmaceutical products primarily from: United States ($5.5M), Belgium ($2.62M), India ($1.72M), Mexico ($1.56M), and Guatemala ($1.52M).

The fastest growing import markets in Pharmaceutical products for Belize between 2021 and 2022 were Belgium ($1.04M), India ($736k), and Germany ($510k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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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 Pharmaceutical products. 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)$2.11M
IMPORTS (2022)$20.4M
NET TRADE (2022)-$18.3M

In 2022, Belize exported $2.11M in Pharmaceutical products. The main destinations of Belize exports on Pharmaceutical products were United Kingdom ($942k), United States ($614k), Switzerland ($367k), Australia ($96k), and Panama ($43.2k).

In 2022, Belize imported $20.4M in Pharmaceutical products, mainly from United States ($5.5M), Belgium ($2.62M), India ($1.72M), Mexico ($1.56M), and Guatemala ($1.52M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Belize WERE (2021 - 2022):
United Kingdom$942k (1%)
United States$608k (11.2k%)
Panama$34k (370%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Belize WERE (2021 - 2022):
Costa Rica-$441k (-100%)
Angola-$214k (-100%)
Switzerland-$210k (-36.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Belize's main exporting competitors in Pharmaceutical products were:
In 2022, Belize's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

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N/A
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N/AN/A

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

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