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Belize Trade Summary

2021

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 2021

Overall Exports and Imports for Belize 2021

Exports and imports of Belize in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 264 million.
  • The total value of imports (CIF) was 1,060 million.
  • At the HS6 digit level, 663 products were exported to 78 countries and 3,148 products were imported from 111 countries.

Belize top 5 Export and Import partners 2021

Top five countries to which Belize exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Belize exports to United Kingdom worth US$ 61 million, with a partner share of 22.95 percent.
  2. Belize exports to United States worth US$ 59 million, with a partner share of 22.19 percent.
  3. Belize exports to Mexico worth US$ 22 million, with a partner share of 8.36 percent.
  4. Belize exports to Guatemala worth US$ 19 million, with a partner share of 7.04 percent.
  5. Belize exports to Ireland worth US$ 14 million, with a partner share of 5.38 percent.

Top five countries from which Belize imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Belize imports from United States worth US$ 381 million, with a partner share of 35.94 percent.
  2. Belize imports from China worth US$ 169 million, with a partner share of 15.91 percent.
  3. Belize imports from Mexico worth US$ 136 million, with a partner share of 12.86 percent.
  4. Belize imports from Guatemala worth US$ 129 million, with a partner share of 12.20 percent.
  5. Belize imports from Trinidad and Tobago worth US$ 19 million, with a partner share of 1.77 percent.

Belize Top 5 Productsexports imports at HS 6 digit level 2021

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 69,128.05 (US$ Thousands).
  2. Belize exported Bananas, including plantains, fresh or dried , worth 46,050.93 (US$ Thousands).
  3. Belize exported Beer made from malt , worth 18,058.22 (US$ Thousands).
  4. Belize exported Frozen rock lobster and other sea crawfish , worth 14,640.22 (US$ Thousands).
  5. Belize exported Frozen orange juice, unfermented, not containin , worth 14,544.46 (US$ Thousands).

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 112,880.95 (US$ Thousands).
  2. Belize imported Cigarettes containing tobacco , worth 51,024.47 (US$ Thousands).
  3. Belize imported Beer made from malt , worth 17,362.95 (US$ Thousands).
  4. Belize imported Sports footwear,with rubber or plastic soles an , worth 17,257.23 (US$ Thousands).
  5. Belize imported Portland cement (excl. white) , worth 14,793.18 (US$ Thousands).

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Belize in 2021 are below

  • The maximum rate of tariff in percentage on any product was 529.63 percent.
  • The simple average tariff across all products was 11.87 percent.
  • The trade weighted average tariff was 17.79 .
  • The total duty free imports in thousands of US dollars were 195,237.19 and duty free tariff line items share was 18.61 percent.

Development Indicators 2021

Key Development Indicators of Belize in 2021 are below

  • Belize GDP in current US dollar was 2,492 million.
  • GNI per capita, Atlas method (current US$) was 6,070.00 .
  • Belize Trade balance: as % of GDP was -3.63.
  • Trade balance in current US$ was -91.00 million.
  • Trade as percentage of GDP was 96.59 .
  • Trade in services as percentage of GDP was 36.69 .

Trade Indicators 2021

Trade Indicators for Belize in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 1.63.
  • World Growth in percentage was 12.50 and Belize Country Growth was -6.17 .