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

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Iceland-Belize Trade: In 2022, Iceland exported $438k to Belize. The main products that Iceland exported to Belize were Refined Petroleum ($437k), Used Clothing ($1.32k), and Trunks and Cases ($23). Over the past 7 years the exports of Iceland to Belize have decreased at an annualized rate of 22.6%, from $2.63M in 2015 to $438k in 2022.

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

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

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

Comparison In 2022, Iceland ranked 116 in total exports ($7.31B). That same year, Belize ranked 175 in total exports ($399M). 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, Iceland exported $438k to Belize. The main products exported from Iceland to Belize were Refined Petroleum ($437k), Used Clothing ($1.32k), and Trunks and Cases ($23). During the last 7 years the exports of Iceland to Belize have decreased at an annualized rate of 22.6%, from $2.63M in 2015 to $438k in 2022.

Belize does not register exports to Iceland. The main products exported from Belize to Iceland were Sauces and Seasonings ($2.58k), Ball Bearings ($1.75k), and Jams ($442).

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

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

Latest Data

Trade between Iceland () and Belize ()

Iceland Exports

Date

Belize Exports

Date

Jan 2021

Nov 2019

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iceland
Top DestinationNetherlands$1.97B

Belize
Top DestinationUnited States$86.5M

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

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

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

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

Comparative Advantage Iceland - Belize

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iceland had a large net trade with Belize in the exports of Mineral Products ($437k), Textiles ($1.32k), and Animal Hides ($23).

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Iceland () and Belize ()

Iceland Exports

Belize Exports

Market Competitiveness

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

Comparative Advantage Iceland - Belize

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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