Belize (BLZ) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Belize-Belgium Trade: In 2022, Belize exported $732k to Belgium. The main products that Belize exported to Belgium were Bananas ($650k), Raw Sugar ($68.5k), and Centrifuges ($7.08k). Over the past 5 years the exports of Belize to Belgium have increased at an annualized rate of 165%, from $5.56k in 2017 to $732k in 2022.

In 2022, Belize did not export any services to Belgium.

Belgium-Belize Trade: In 2022, Belgium exported $6M to Belize. The main products that Belgium exported to Belize were Vaccines, blood, antisera, toxins and cultures ($2.58M), Animal Food ($1.48M), and Medical Instruments ($312k). Over the past 5 years the exports of Belgium to Belize have increased at an annualized rate of 28.1%, from $1.74M in 2017 to $6M in 2022.

In 2022, Belgium did not export any services to Belize.

Comparison In 2022, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Belize exported $732k to Belgium. The main products exported from Belize to Belgium were Bananas ($650k), Raw Sugar ($68.5k), and Centrifuges ($7.08k). During the last 5 years the exports of Belize to Belgium have increased at an annualized rate of 165%, from $5.56k in 2017 to $732k in 2022.

In 2017, Belgium exported $6M to Belize. The main products exported from Belgium to Belize were Vaccines, blood, antisera, toxins and cultures ($2.58M), Animal Food ($1.48M), and Medical Instruments ($312k). During the last 5 years the exports of Belgium to Belize have increased at an annualized rate of 28.1%, from $1.74M in 2022 to $6M in 2017.

Exports from Belize () to Belgium () (2022)

Exports from Belgium () to Belize () (2022)

Latest Data

Trade between Belize () and Belgium ()

Belize Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belize
Top DestinationUnited States$86.5M

Belgium
Top DestinationGermany$91.9B

This map shows whether countries import more from Belize or Belgium. Each country is colored based on the difference in imports they receive from Belize and Belgium or the difference in the growth in imports.

In 2022, countries that imported more from Belize than Belgium included Dominica ($1.29M), Saint Kitts and Nevis ($805k), and Grenada ($950k).

In 2022, countries that imported more from Belgium than Belize included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

Difference in imports from Belgium () and Belize () (2022)

Comparative Advantage Belize - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Belize and Belgium by product, considering products traded by both, Belize and Belgium.

During 2022, Belize had a large net trade with Belgium in the exports of Vegetable Products ($650k), Foodstuffs ($70.1k), and Machines ($11.7k).

During 2017, Belgium had a large net trade with Belize in the exports of Chemical Products ($2.87M), Foodstuffs ($1.63M), and Instruments ($382k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Belize and Belgium. This means that a dot/product with the flag of Belize indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Belize.

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Historical Data

Bilateral Trade by Products

Exports from Belize () to Belgium () (2022)

Exports from Belgium () to Belize () (2022)

Latest Data

Trade between Belize () and Belgium ()

Belize Exports

Belgium Exports

Market Competitiveness

Difference in imports from Belgium () and Belize () (2022)

Comparative Advantage Belize - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Belize () and Belgium () (2022)

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