Belize (BLZ) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Belize-Paraguay Trade: In 2022, Belize exported $28.7k to Paraguay. The main products that Belize exported to Paraguay were Other Measuring Instruments ($21.2k), Low-voltage Protection Equipment ($5.46k), and Revolution Counters ($1.35k). Over the past 5 years the exports of Belize to Paraguay have increased at an annualized rate of 131%, from $441 in 2017 to $28.7k in 2022.

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

Paraguay-Belize Trade: In 2022, Paraguay exported $512k to Belize. The main products that Paraguay exported to Belize were Rolled Tobacco ($239k), Packaged Medicaments ($193k), and Hormones ($37.7k). Over the past 5 years the exports of Paraguay to Belize have increased at an annualized rate of 14.4%, from $261k in 2017 to $512k in 2022.

In 2022, Paraguay 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, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Belize exported $28.7k to Paraguay. The main products exported from Belize to Paraguay were Other Measuring Instruments ($21.2k), Low-voltage Protection Equipment ($5.46k), and Revolution Counters ($1.35k). During the last 5 years the exports of Belize to Paraguay have increased at an annualized rate of 131%, from $441 in 2017 to $28.7k in 2022.

In 2017, Paraguay exported $512k to Belize. The main products exported from Paraguay to Belize were Rolled Tobacco ($239k), Packaged Medicaments ($193k), and Hormones ($37.7k). During the last 5 years the exports of Paraguay to Belize have increased at an annualized rate of 14.4%, from $261k in 2022 to $512k in 2017.

Exports from Belize () to Paraguay () (2022)

Exports from Paraguay () to Belize () (2022)

Latest Data

Trade between Belize () and Paraguay ()

Belize Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Belize
Top DestinationUnited States$86.5M

Paraguay
Top DestinationBrazil$3.67B

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

In 2022, countries that imported more from Belize than Paraguay included Guatemala ($39.2M), Honduras ($19.9M), and Hungary ($18.3M).

In 2022, countries that imported more from Paraguay than Belize included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

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

Comparative Advantage Belize - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Belize had a large net trade with Paraguay in the exports of Instruments ($22.6k), Machines ($5.46k), and Miscellaneous ($655).

During 2017, Paraguay had a large net trade with Belize in the exports of Chemical Products ($269k) and Foodstuffs ($243k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Belize () to Paraguay () (2022)

Exports from Paraguay () to Belize () (2022)

Latest Data

Trade between Belize () and Paraguay ()

Belize Exports

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Belize - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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