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2022
Exports $21.2MWorld Rnk 134 / 214
Flag Rnk 4 / 542
2022
Destination $12.2M United States
2021 - 2022
FASTEST GROWING MARKET $12.2MUnited States
2022
PRODUCT COMPLEXITY IN Refined Petroleum-0.87Rnk 795 / 1025
2022
Imports $255MWorld Rnk 152 / 225
Flag Rnk 1 / 1048
2022
Origin $63M United States
2021 - 2022
FASTEST GROWING ORIGIN $63MUnited States

About

Exports In 2022, Belize exported $21.2M in Refined Petroleum, making it the 134th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 4th most exported product in Belize. The main destination of Refined Petroleum exports from Belize are: United States ($19.3M), Honduras ($1.55M), Guatemala ($329k), United Arab Emirates ($36.4k), and Mexico ($35.6k).

The fastest growing export markets for Refined Petroleum of Belize between 2021 and 2022 were United States ($12.2M), Honduras ($1.55M), and Guatemala ($264k).

Imports In 2022, Belize imported $255M in Refined Petroleum, becoming the 152nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Belize. Belize imports Refined Petroleum primarily from: United States ($173M), Guatemala ($46M), China ($12.2M), El Salvador ($7.56M), and Brazil ($5.08M).

The fastest growing import markets in Refined Petroleum for Belize between 2021 and 2022 were United States ($63M), Guatemala ($13.3M), and China ($5.62M).

Latest Trends

Oct 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 Refined Petroleum. 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)$21.2M
IMPORTS (2022)$255M
NET TRADE (2022)-$233M

In 2022, Belize exported $21.2M in Refined Petroleum. The main destinations of Belize exports on Refined Petroleum were United States ($19.3M), Honduras ($1.55M), Guatemala ($329k), United Arab Emirates ($36.4k), and Mexico ($35.6k).

In 2022, Belize imported $255M in Refined Petroleum, mainly from United States ($173M), Guatemala ($46M), China ($12.2M), El Salvador ($7.56M), and Brazil ($5.08M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Belize WERE (2021 - 2022):
United States$12.2M (172%)
Honduras$1.55M (1%)
Guatemala$264k (408%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Belize WERE (2021 - 2022):
Namibia-$139k (-100%)
South Korea-$55.3k (-100%)
Chile-$21.3k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Belize's main exporting competitors in Refined Petroleum were:
United States $138B
India $86.2B
Netherlands $68.1B
In 2022, Belize's main importing competitors in Refined Petroleum were:
United States $81.7B
Singapore $58.5B
Netherlands $51.1B

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

Flow
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N/A
N/AN/A
N/AN/A

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

See methodology.

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