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Belize: Trade Statistics

Exporter Rank

127 / 138

Importer Rank

130 / 138

Trade Balance Rank

55 / 138

Total Trade [1]

Total Exports (2021) $264,092,675
Total Imports (2021) $1,060,471,486
Trade Balance (2021) ($796,378,811)
Exports of goods and services (% of GDP) (2022) [2] 49.62%
Imports of goods and services (% of GDP) (2022) [2] 52.53%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
United Kingdom $60,597,539
United States $58,591,700
Mexico $22,071,579
Guatemala $18,603,492
Ireland $14,212,170
Jamaica $12,475,430
Trinidad and Tobago $12,447,885
Spain $10,783,121
Honduras $10,596,315
Italy $7,505,539

Import Partners

Top 10 Import Countries

Country Import USD$
United States $381,180,751
China $168,741,362
Mexico $136,335,881
Guatemala $129,361,887
Trinidad and Tobago $18,791,408
Hong Kong $16,713,513
India $14,053,108
Cayman Islands $13,690,640
El Salvador $13,625,402
Panama $13,416,199

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(17) Sugar & Confectionery $77,019,252
(08) Fruit & Nuts $46,412,891
(03) Seafood $26,861,782
(22) Beverages $20,034,235
(20) Preserved Fruits & Vegetables $17,893,524
(23) Animal Feeds $14,183,506
(27) Oil & Mineral Fuels $11,468,410
(24) Tobacco $10,795,234
(07) Vegetables $8,581,756
(44) Wood $5,793,089

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $134,217,927
(84) Industrial Machinery $113,010,347
(85) Electrical Machinery $53,686,160
(24) Tobacco $51,560,073
(87) Motor Vehicles & Parts $44,952,599
(39) Plastics $39,255,548
(72) Iron & Steel $38,254,716
(73) Iron & Steel Articles $37,920,492
(38) Chemical Products $31,871,662
(64) Footwear $31,429,708

Sources:

  1. UN Comtrade (2021) except where stated otherwise.
  2. The World Bank. Accessed: 10/8/2023
Belize