Belize (BLZ) and Mexico (MEX) Trade | The Observatory of Economic Complexity

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Belize-Mexico Trade: In 2022, Belize exported $7.08M to Mexico. The main products that Belize exported to Mexico were Bovine ($3.93M), Soybean Oil ($1.76M), and Phosphoric Acid ($455k). Over the past 5 years the exports of Belize to Mexico have increased at an annualized rate of 35.9%, from $1.53M in 2017 to $7.08M in 2022.

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

Mexico-Belize Trade: In 2022, Mexico exported $130M to Belize. The main products that Mexico exported to Belize were Coated Flat-Rolled Iron ($9.92M), Concentrated Milk ($5.77M), and Plastic Lids ($5.27M). Over the past 5 years the exports of Mexico to Belize have increased at an annualized rate of 0.58%, from $122M in 2017 to $130M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Belize exported $7.08M to Mexico. The main products exported from Belize to Mexico were Bovine ($3.93M), Soybean Oil ($1.76M), and Phosphoric Acid ($455k). During the last 5 years the exports of Belize to Mexico have increased at an annualized rate of 35.9%, from $1.53M in 2017 to $7.08M in 2022.

In 2017, Mexico exported $130M to Belize. The main products exported from Mexico to Belize were Coated Flat-Rolled Iron ($9.92M), Concentrated Milk ($5.77M), and Plastic Lids ($5.27M). During the last 5 years the exports of Mexico to Belize have increased at an annualized rate of 0.58%, from $122M in 2022 to $130M in 2017.

Exports from Belize () to Mexico () (2022)

Exports from Mexico () to Belize () (2022)

Latest Data

Trade between Belize () and Mexico ()

Belize Exports

Date

Mexico Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belize
Top DestinationUnited States$86.5M

Mexico
Top DestinationUnited States$421B

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

In 2022, countries that imported more from Belize than Mexico included Saint Lucia ($1.75M), Dominica ($1.29M), and Saint Kitts and Nevis ($805k).

In 2022, countries that imported more from Mexico than Belize included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Belize - Mexico

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Belize had a large net trade with Mexico in the exports of Animal Products ($3.93M), Animal and Vegetable Bi-Products ($1.76M), and Chemical Products ($481k).

During 2017, Mexico had a large net trade with Belize in the exports of Metals ($24.1M), Chemical Products ($17.3M), and Machines ($17.2M).

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

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Historical Data

Bilateral Trade by Products

Exports from Belize () to Mexico () (2022)

Exports from Mexico () to Belize () (2022)

Latest Data

Trade between Belize () and Mexico ()

Belize Exports

Mexico Exports

Market Competitiveness

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

Comparative Advantage Belize - Mexico

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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