Trade Trend

In 2023, Belize's total export value is 253.37Million USD, total import value is 1.34Billion USD, Deficit is -1.08Billion USD, and foreign trade dependency is 0.485. In 2023，Belize's top export products are Cane or beet sugar and chemically pure sucrose, in solid form(78.97Million USD), Bananas, including plantains; fresh or dried(32.18Million USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(20.89Million USD), top export destinations are United States(68.21Million USD), United Kingdom(43.89Million USD), Guatemala(22.01Million USD). In 2023, Belize's top import products are Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(177.70Million USD), Cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substitutes(51.78Million USD), Footwear; with outer soles of rubber, plastics, leather or composition leather and uppers of textile materials(25.50Million USD), top import origins are United States(560.50Million USD), China(229.52Million USD), Mexico(127.11Million USD).

Comparing to 2022, Belize's total export value decreased -33.06Million USD(-11.54%) in 2023, this could result from its export decreases of products such as Bran, sharps and other residues; whether or not in the form of pellets derived from the sifting, milling or other working of cereals or of leguminous plants(-8.05Million USD or -32.84%), Bananas, including plantains; fresh or dried(-7.87Million USD or -19.65%), Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked, cooked or not before or during smoking; in shell, steamed or boiled, whether or not chilled, frozen, dried, salted or in brine(-4.70Million USD or -26.01%) and export decreases to countries/economics such as United Kingdom(-13.96Million USD or -24.13%), Guatemala(-9.40Million USD or -29.92%), Honduras(-5.72Million USD or -28.76%). Comparing to 2022, Belize's total import value decreased -40.70Million USD(-2.95%) in 2023, this could result from its import decreases of products such as Cigars, cheroots, cigarillos and cigarettes; of tobacco or of tobacco substitutes(-13.88Million USD or -21.14%), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(-6.68Million USD or -3.62%), Petroleum gases and other gaseous hydrocarbons(-5.29Million USD or -25.16%), and its import decreases from countries/economies such as Mexico(-13.87Million USD or -9.84%), China(-12.64Million USD or -5.22%), United States(-11.93Million USD or -2.08%).

Cumulated to first 7 months of 2024, Belize's total export value is 111.23Million USD, total import value is 617.75Million USD, and tradedeficit is -506.52Million USD. Cumulated to first 7 months of 2024, Belize's top export products are Cane or beet sugar and chemically pure sucrose, in solid form(27.29Million USD), Bananas, including plantains; fresh or dried(18.45Million USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(12.45Million USD), and top export destinations are United States(32.93Million USD), United Kingdom(30.49Million USD), Honduras(6.40Million USD). Cumulated to first 7 months of 2024, Belize's top import products are Cane or beet sugar and chemically pure sucrose, in solid form(27.29Million USD), Bananas, including plantains; fresh or dried(18.45Million USD), Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils(12.45Million USD), and top import origins areUnited States(293.77Million USD), China(94.56Million USD), Mexico(50.52Million USD).