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2023
Flag → Flag
Exports $27.6MRnk 4 / 127
2023
Flag → Flag
Top Product $16.4MBran
2023
Flag → Flag
Exports $164MRnk 14 / 170
2023
Flag → Flag
Top Product $41.4MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI -0.21Rnk 73 / 132
2023
Flag  
GDP$3.07BCURRENT US$
Rnk 168 / 195
2013-2023
Flag
GDP GROWTH50.9%CURRENT US$
Rnk 74 / 195
2023
Flag
 GDP$104BCURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP GROWTH97.1%CURRENT US$
Rnk 16 / 195
2023
Flag
GDP PC $7,460CURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP PC GROWTH25.4%CURRENT US$
Rnk 86 / 195
2023
Flag
GDP PC$5,763CURRENT US$
Rnk 117 / 196
2013-2023
Flag
GDP PC GROWTH67.3%CURRENT US$
Rnk 27 / 195

About

Belize-Guatemala Trade: In 2023, Belize exported $27.6M to Guatemala. The main products that Belize exported to Guatemala were Bran ($16.4M), Starch Residue ($4.52M), and Scrap Iron ($2.44M). Over the past 5 years the exports of Belize to Guatemala have increased at an annualized rate of 16.1%, from $13.1M in 2018 to $27.6M in 2023.

In 2023, Belize did not export any services to Guatemala.

Guatemala-Belize Trade: In 2023, Guatemala exported $164M to Belize. The main products that Guatemala exported to Belize were Refined Petroleum ($41.4M), Mixed Mineral or Chemical Fertilizers ($12.2M), and Cement ($12M). Over the past 5 years the exports of Guatemala to Belize have increased at an annualized rate of 11.4%,  from $95.3M in 2018 to $164M in 2023.

In 2023, Guatemala did not export any services to Belize.

Comparison In 2023,  Belize ranked 173 in total exports ($386M), and does not have data regarding Economic Complexity Index. That same year, Guatemala ranked 73 in the Economic Complexity Index (ECI -0.21), and 86 in total exports ($15.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Belize exported $27.6M to Guatemala. The main products exported from Belize to Guatemala were Bran ($16.4M), Starch Residue ($4.52M), and Scrap Iron ($2.44M). During the last 5 years the exports of Belize to Guatemala have increased at an annualized rate of 16.1%, from $13.1M in 2018 to $27.6M in 2023.

In 2018, Guatemala exported $164M to Belize. The main products exported from Guatemala to Belize were Refined Petroleum ($41.4M), Mixed Mineral or Chemical Fertilizers ($12.2M), and Cement ($12M). During the last 5 years the exports of Guatemala to Belize have increased at an annualized rate of 11.4%, from $95.3M in 2023 to $164M in 2018.

Exports from Belize (Flag) to Guatemala (Flag) (2023)

Exports from Guatemala (Flag) to Belize (Flag) (2023)

Latest Data

Trade between Belize (Flag) and Guatemala (Flag)

Belize Exports

Guatemala Exports

Market Competitiveness

Color
Belize
Top DestinationUnited States$86.2M
Guatemala
Top DestinationUnited States$5.16B

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

In 2023, countries that imported more from Belize than Guatemala included Portugal ($18.5M), Cote d'Ivoire ($13.6M), and Hungary ($10.4M).

In 2023, countries that imported more from Guatemala than Belize included United States ($5.16B), El Salvador ($1.73B), and Honduras ($1.42B).

Difference in imports from Guatemala (Flag) and Belize (Flag) (2023)

Comparative Advantage Belize - Guatemala

Flow
Scale

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

During 2023, Belize had a large net trade with Guatemala in the exports of Foodstuffs ($21.6M), Metals ($2.48M), and Mineral Products ($1.22M).

During 2018, Guatemala had a large net trade with Belize in the exports of Mineral Products ($58.6M), Chemical Products ($28M), and Metals ($20.1M).

Economic Complexity

Competitive Landscape

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

Product Space of Belize (Flag) and Guatemala (Flag) (2023)

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