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Belize Trade Summary

2022

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 2022

Overall Exports and Imports for Belize 2022

Exports and imports of Belize in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 286 million.
  • The total value of imports (CIF) was 1,378 million.
  • At the HS6 digit level, 588 products were exported to 74 countries and 3,164 products were imported from 120 countries.

Belize top 5 Export and Import partners 2022

Top five countries to which Belize exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Belize exports to United States worth US$ 71 million, with a partner share of 24.87 percent.
  2. Belize exports to United Kingdom worth US$ 58 million, with a partner share of 20.20 percent.
  3. Belize exports to Guatemala worth US$ 31 million, with a partner share of 10.96 percent.
  4. Belize exports to Honduras worth US$ 20 million, with a partner share of 6.95 percent.
  5. Belize exports to Spain worth US$ 18 million, with a partner share of 6.41 percent.

Top five countries from which Belize imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Belize imports from United States worth US$ 573 million, with a partner share of 41.57 percent.
  2. Belize imports from China worth US$ 242 million, with a partner share of 17.57 percent.
  3. Belize imports from Mexico worth US$ 141 million, with a partner share of 10.23 percent.
  4. Belize imports from Guatemala worth US$ 106 million, with a partner share of 7.66 percent.
  5. Belize imports from Trinidad and Tobago worth US$ 21 million, with a partner share of 1.54 percent.

Belize Top 5 Productsexports imports at HS 6 digit level 2022

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 77,164.86 (US$ Thousands).
  2. Belize exported Bananas, including plantains, fresh or dried , worth 40,046.57 (US$ Thousands).
  3. Belize exported Brans, sharps and other residues of maize , worth 24,443.51 (US$ Thousands).
  4. Belize exported Petroleum oils, etc, (excl. crude); preparation , worth 21,231.72 (US$ Thousands).
  5. Belize exported Cigarettes containing tobacco , worth 16,599.94 (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 184,377.96 (US$ Thousands).
  2. Belize imported Cigarettes containing tobacco , worth 65,331.27 (US$ Thousands).
  3. Belize imported Sports footwear,with rubber or plastic soles an , worth 27,884.16 (US$ Thousands).
  4. Belize imported Other food preparations, nes , worth 14,850.17 (US$ Thousands).
  5. Belize imported Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et , worth 14,487.40 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Belize in 2022 are below

  • The maximum rate of tariff in percentage on any product was 472.86 percent.
  • The simple average tariff across all products was 11.99 percent.
  • The trade weighted average tariff was 18.24 .
  • The total duty free imports in thousands of US dollars were 224,660.14 and duty free tariff line items share was 18.46 percent.

Development Indicators 2022

Key Development Indicators of Belize in 2022 are below

  • Belize GDP in current US dollar was 2,824 million.
  • GNI per capita, Atlas method (current US$) was 6,800.00 .
  • Belize Trade balance: as % of GDP was -2.91.
  • Trade balance in current US$ was -82.00 million.
  • Trade as percentage of GDP was 102.14 .
  • Trade in services as percentage of GDP was 42.50 .

Trade Indicators 2022

Trade Indicators for Belize in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 1.58.
  • World Growth in percentage was 5.18 and Belize Country Growth was -2.94 .