Belize (BLZ) and Iceland (ISL) Trade | The Observatory of Economic Complexity

About

Belize-Iceland Trade: In 2022, Belize exported $5.44k to Iceland. The main products that Belize exported to Iceland were Sauces and Seasonings ($2.58k), Ball Bearings ($1.75k), and Jams ($442). Over the past 21 years the exports of Belize to Iceland have increased at an annualized rate of 2.44%, from $3.28k in 2001 to $5.44k in 2022.

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

Iceland-Belize In N/A, Iceland did not export any products to Belize.

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

Comparison In 2022, Belize ranked 175 in total exports ($399M). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Belize exported $5.44k to Iceland. The main products exported from Belize to Iceland were Sauces and Seasonings ($2.58k), Ball Bearings ($1.75k), and Jams ($442). During the last 21 years the exports of Belize to Iceland have increased at an annualized rate of 2.44%, from $3.28k in 2001 to $5.44k in 2022.

Iceland does not register exports to Belize. The main products exported from Iceland to Belize were Refined Petroleum ($437k), Used Clothing ($1.32k), and Trunks and Cases ($23).

Exports from Belize () to Iceland () (2022)

Exports from Iceland () to Belize () (2022)

Latest Data

Trade between Belize () and Iceland ()

Belize Exports

Date

Jan 2021

Nov 2019

Iceland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belize
Top DestinationUnited States$86.5M

Iceland
Top DestinationNetherlands$1.97B

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

In 2022, countries that imported more from Belize than Iceland included Guatemala ($39.2M), Honduras ($19.9M), and Jamaica ($14.9M).

In 2022, countries that imported more from Iceland than Belize included Netherlands ($1.97B), United Kingdom ($672M), and Germany ($573M).

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

Comparative Advantage Belize - Iceland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Belize had a large net trade with Iceland in the exports of Foodstuffs ($3.04k), Machines ($1.75k), and Textiles ($365).

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 Iceland. This means that a dot/product with the flag of Belize indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over Belize.

About

Historical Data

Bilateral Trade by Products

Exports from Belize () to Iceland () (2022)

Exports from Iceland () to Belize () (2022)

Latest Data

Trade between Belize () and Iceland ()

Belize Exports

Iceland Exports

Market Competitiveness

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

Comparative Advantage Belize - Iceland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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