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Belize Trade Summary

2020

Belize exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR BELIZE 2020

Overall Exports and Imports for Belize 2020

Exports and imports of Belize in 2020 are below, along with number of countries and products

  • The total value of exports (FoB) was 212 million.
  • The total value of imports (CIF) was 787 million.
  • At the HS6 digit level, 488 products were exported to 68 countries and 3,079 products were imported from 111 countries.

Belize top 5 Export and Import partners 2020

Top five countries to which Belize exported in 2020 are below, along with the percent of total exports that went to that country:

  1. Belize exports to United Kingdom worth US$ 63 million, with a partner share of 29.60 percent.
  2. Belize exports to United States worth US$ 50 million, with a partner share of 23.46 percent.
  3. Belize exports to Ireland worth US$ 17 million, with a partner share of 8.26 percent.
  4. Belize exports to Mexico worth US$ 12 million, with a partner share of 5.85 percent.
  5. Belize exports to Jamaica worth US$ 11 million, with a partner share of 5.35 percent.

Top five countries from which Belize imported goods in 2020 are below, along with percent of total imports that came from the country :

  1. Belize imports from United States worth US$ 319 million, with a partner share of 40.49 percent.
  2. Belize imports from China worth US$ 113 million, with a partner share of 14.37 percent.
  3. Belize imports from Mexico worth US$ 102 million, with a partner share of 13.01 percent.
  4. Belize imports from Guatemala worth US$ 68 million, with a partner share of 8.62 percent.
  5. Belize imports from Trinidad and Tobago worth US$ 14 million, with a partner share of 1.72 percent.

Belize Top 5 Productsexports imports at HS 6 digit level 2020

The top five exported HS 6 digit level products to world by Belize along with trade value are:

  1. Belize exported Raw cane sugar, in solid form , worth US$ 54,569.66 million.
  2. Belize exported Bananas, including plantains, fresh or dried , worth US$ 43,820.51 million.
  3. Belize exported Frozen orange juice, unfermented, not containin , worth US$ 19,832.92 million.
  4. Belize exported Beer made from malt , worth US$ 10,884.85 million.
  5. Belize exported Frozen rock lobster and other sea crawfish , worth US$ 10,534.77 million.

The top five imported HS 6 digit level products from world by Belize along with trade value are

  1. Belize imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 67,371.99 million.
  2. Belize imported Cigarettes containing tobacco , worth US$ 49,033.18 million.
  3. Belize imported Beer made from malt , worth US$ 12,250.65 million.
  4. Belize imported Portland cement (excl. white) , worth US$ 11,345.81 million.
  5. Belize imported Other food preparations, nes , worth US$ 10,818.42 million.

Exports and Imports of Product Groups 2020

Exports and imports of products by stages of processing in 2020 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2020

Tariffs imposed by Belize in 2020 are below

  • The maximum rate of tariff in percentage on any product was 493.70 percent.
  • The simple average tariff across all products was 11.76 percent.
  • The trade weighted average tariff was 18.69 .
  • The total duty free imports in thousands of US dollars were 164,803.82 and duty free tariff line items share was 18.92 percent.

Development Indicators 2020

Key Development Indicators of Belize in 2020 are below

  • Belize GDP in current US dollar was 2,080 million.
  • GNI per capita, Atlas method (current US$) was 5,210.00 .
  • Belize Trade balance: as % of GDP was -6.27.
  • Trade balance in current US$ was -131.00 million.
  • Trade as percentage of GDP was 80.36 .
  • Trade in services as percentage of GDP was 28.67 .

Trade Indicators 2020

Trade Indicators for Belize in 2020 are below

  • Hirschman Herfindahl market concentration index was 0.12.
  • Index of export market penetration was 1.53.
  • World Growth in percentage was -3.75 and Belize Country Growth was 15.07 .