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Belize trade in 2024

In 2024, Belize exported $424 million and imported $1.6 billion, a trade deficit of $1.2 billion. It was the world's 170th-largest exporter, with 0% of world exports. Its top export was cane and beet sugar (23.9% of the total) and its main trading partner was the United States (37.5% of its trade).

Summary

Exports
$424million
Imports
$1.6billion
Trade balance
-$1.2billion
Routes to the main partners. Width: trade value; color: estimated transport mode.SeaAirLand
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Products

What it exports

Cane and beet sugar (23.9%) and bananas (13.3%) together make up 37.3% of its exports.

  1. Cane and beet sugar$101 million · 23.9%
    Main partner: United States
  2. Bananas$56 million · 13.3%
    Main partner: United Kingdom
  3. Frozen fish$55 million · 13%
    Main partner: Spain
  4. Molasses$27 million · 6.4%
    Main partner: United States
  5. Fruit and vegetable juices$20 million · 4.7%
    Main partner: Trinidad and Tobago
  6. Cigarettes and cigars$15 million · 3.5%
    Main partner: Honduras
  7. Crustaceans (shrimp, lobster, crab)$15 million · 3.5%
    Main partner: United States
  8. Refined petroleum$12 million · 2.9%
    Main partner: United States
  9. Bran and milling residues$7 million · 1.7%
    Main partner: Guatemala
  10. Mollusks (squid, mussels, oysters)$7 million · 1.6%
    Main partner: United States

What it imports

Refined petroleum (13%) and cigarettes and cigars (3.6%) together make up 16.6% of its imports.

  1. Refined petroleum$210 million · 13%
    Main partner: United States
  2. Cigarettes and cigars$58 million · 3.6%
    Main partner: China
  3. Trucks$31 million · 1.9%
    Main partner: United States
  4. Cargo and cruise ships$26 million · 1.6%
    Main partner: China
  5. Cars$24 million · 1.5%
    Main partner: United States
  6. Bags, suitcases and cases$22 million · 1.4%
    Main partner: China
  7. Textile footwear$22 million · 1.4%
    Main partner: China
  8. Natural gas and LPG$21 million · 1.3%
    Main partner: United States
  9. Generating sets$21 million · 1.3%
    Main partner: United States
  10. Pesticides and herbicides$19 million · 1.2%
    Main partner: Guatemala
By Harmonized System chapter (96)
ChapterExportsImports
17 · Sugar and sweets$129 million$2 million
03 · Fish and seafood$77 million$170 thousand
08 · Fruit and nuts$59 million$1 million
20 · Preserved fruit and vegetables$20 million$19 million
24 · Tobacco$15 million$60 million
27 · Oil, gas and coal$12 million$236 million
23 · Animal feed and food waste$11 million$15 million
85 · Electrical and electronic equipment$7 million$111 million
22 · Beverages and spirits$7 million$26 million
01 · Live animals$6 million$2 million
84 · Mechanical machinery$5 million$167 million
90 · Precision and medical instruments$5 million$34 million
29 · Organic chemicals$5 million$2 million
21 · Food preparations$5 million$36 million
15 · Fats and oils$4 million$36 million
44 · Wood$4 million$21 million
07 · Vegetables$4 million$3 million
88 · Aircraft and spacecraft$4 million$6 million
33 · Perfumes and cosmetics$3 million$19 million
71 · Gems and precious metals$3 million$3 million
64 · Footwear$3 million$32 million
47 · Wood pulp$3 million$2 million
30 · Pharmaceuticals$3 million$19 million
87 · Vehicles$3 million$99 million
72 · Iron and steel$2 million$40 million
48 · Paper and paperboard$2 million$25 million
09 · Coffee, tea and spices$2 million$6 million
11 · Milling products and malt$2 million$10 million
61 · Knitted clothing$2 million$49 million
39 · Plastics$2 million$57 million
16 · Prepared meat and fish$1 million$9 million
94 · Furniture and lighting$1 million$26 million
79 · Zinc$1 million$43 thousand
04 · Dairy, eggs and honey$1 million$23 million
38 · Miscellaneous chemicals$1 million$32 million
18 · Cocoa and chocolate$1 million$3 million
73 · Iron and steel products$999 thousand$45 million
40 · Rubber$657 thousand$19 million
89 · Ships and boats$649 thousand$44 million
62 · Woven clothing$646 thousand$18 million
42 · Leather goods and bags$514 thousand$23 million
70 · Glass$491 thousand$12 million
10 · Cereals$490 thousand$16 million
76 · Aluminum$462 thousand$17 million
68 · Stone, plaster and cement articles$393 thousand$8 million
05 · Other animal products$364 thousand$152 thousand
63 · Home textiles and used clothing$356 thousand$11 million
02 · Meat and offal$234 thousand$3 million
31 · Fertilizers$227 thousand$27 million
65 · Hats$199 thousand$3 million
95 · Toys and sports gear$196 thousand$9 million
91 · Watches and clocks$172 thousand$2 million
12 · Oilseeds and grains$159 thousand$2 million
82 · Tools and cutlery$156 thousand$8 million
74 · Copper$147 thousand$1 million
59 · Coated and technical textiles$144 thousand$802 thousand
35 · Glues, starches and enzymes$139 thousand$1 million
19 · Baked goods and cereal products$111 thousand$25 million
86 · Railway equipment$92 thousand$715 thousand
49 · Books and printed matter$91 thousand$5 million
34 · Soap and cleaning products$80 thousand$16 million
69 · Ceramics$72 thousand$9 million
58 · Special fabrics and lace$71 thousand$430 thousand
83 · Miscellaneous metal goods$58 thousand$8 million
97 · Art and antiques$58 thousand$123 thousand
96 · Other manufactured goods$53 thousand$4 million
14 · Other plant products$49 thousand$7 thousand
93 · Weapons and ammunition$37 thousand$949 thousand
32 · Dyes, paints and tanning agents$36 thousand$15 million
28 · Inorganic chemicals$34 thousand$5 million
37 · Photographic goods$28 thousand$140 thousand
56 · Felt, nonwovens and rope$23 thousand$2 million
57 · Carpets and rugs$15 thousand$752 thousand
43 · Fur and fur goods$12 thousand$4 thousand
92 · Musical instruments$3 thousand$480 thousand
53 · Other plant fibers$3 thousand$11 thousand
52 · Cotton$2 thousand$265 thousand
54 · Synthetic filaments$1 thousand$996 thousand
66 · Umbrellas and canes$683$455 thousand
41 · Hides and leather$630$14 thousand
67 · Feathers and artificial flowers$440$1 million
25 · Salt, stone and cement$252$20 million
80 · Tin$171$3 thousand
06 · Live plants and flowers$67$518 thousand
75 · Nickel$38$31 thousand
26 · Ores and slag$6$13 thousand
55 · Synthetic staple fibers$0$1 million
36 · Explosives and matches$0$525 thousand
81 · Other base metals$0$438 thousand
13 · Gums and plant extracts$0$238 thousand
60 · Knitted fabric$0$228 thousand
50 · Silk$0$48 thousand
45 · Cork$0$32 thousand
46 · Wicker and basketware$0$26 thousand
78 · Lead$0$14 thousand
51 · Wool$0$9 thousand

Trading partners

The United States is its main destination (26.1% of exports) and source (40.5% of imports).

Who it sells to

PartnerValue (USD millions)ShareMode
United States11126.1%Sea
United Kingdom71.516.9%Sea
Spain39.99.4%Sea
Côte d'Ivoire24.35.7%Sea
Trinidad and Tobago18.74.4%Sea
Honduras14.93.5%Sea
Ireland14.53.4%Sea
Guatemala14.23.4%Sea
Jamaica9.82.3%Sea
Mexico8.11.9%Land

Who it buys from

PartnerValue (USD millions)ShareMode
United States65640.5%Sea
China28117.3%Sea
Guatemala1499.2%Land
Mexico1388.5%Land
Trinidad and Tobago26.21.6%Sea
Costa Rica25.81.6%Sea
Japan22.71.4%Sea
El Salvador20.71.3%Sea
Panama20.51.3%Sea
Brazil18.61.2%Sea

Overview 1995–2024

In 2024, Belize accounted for 0% of world exports, compared with 0.01% in 1995.

Exports and imports

Exports grew 63% since 1995

USD billions (current). Bars: trade balance (green surplus, red deficit).

  • Exports 0.4
  • Imports 1.6
  • Balance -1.2

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$261 million$385 million-$125 million
1996$292 million$413 million-$121 million
1997$316 million$467 million-$151 million
1998$326 million$435 million-$110 million
1999$442 million$467 million-$25 million
2000$372 million$563 million-$191 million
2001$257 million$541 million-$284 million
2002$196 million$525 million-$329 million
2003$313 million$536 million-$223 million
2004$337 million$543 million-$206 million
2005$373 million$622 million-$249 million
2006$482 million$759 million-$276 million
2007$490 million$786 million-$296 million
2008$2.5 billion$1.2 billion$1.3 billion
2009$2 billion$1.3 billion$670 million
2010$427 million$784 million-$357 million
2011$917 million$3.7 billion-$2.8 billion
2012$579 million$1.4 billion-$808 million
2013$600 million$1.3 billion-$660 million
2014$602 million$1.3 billion-$684 million
2015$516 million$1.2 billion-$720 million
2016$491 million$1.1 billion-$656 million
2017$432 million$1.2 billion-$790 million
2018$401 million$1.1 billion-$738 million
2019$359 million$1.2 billion-$807 million
2020$464 million$958 million-$494 million
2021$433 million$1.2 billion-$817 million
2022$436 million$1.8 billion-$1.3 billion
2023$385 million$1.7 billion-$1.3 billion
2024$424 million$1.6 billion-$1.2 billion

World rank

Belize fell from 142nd to 170th among the world's exporters

Rank among 222 countries by export value (1st at the top).

  • 142nd in 1995
  • 170th in 2024

Source: CEPII BACI

Show the numbers
YearRank
1995142nd
1996146th
1997145th
1998147th
1999144th
2000152nd
2001162nd
2002169th
2003165th
2004166th
2005167th
2006165th
2007166th
2008129th
2009131st
2010171st
2011162nd
2012175th
2013174th
2014174th
2015170th
2016172nd
2017172nd
2018172nd
2019175th
2020170th
2021170th
2022174th
2023173rd
2024170th

What it sells

Sugar and sweets became its top export group: from 21% to 30%

% of exports by Harmonized System chapter.

  • Other 22%
  • Electrical and electronic equipment 2%
  • Animal feed and food waste 3%
  • Oil, gas and coal 3%
  • Tobacco 4%
  • Preserved fruit and vegetables 5%
  • Fruit and nuts 14%
  • Fish and seafood 18%
  • Sugar and sweets 30%

Source: CEPII BACI

Show the numbers
Chapter19952024
Sugar and sweets20.5%30.4%
Fish and seafood25.7%18.3%
Fruit and nuts11.2%13.8%
Preserved fruit and vegetables17.6%4.7%
Tobacco1.1%3.5%
Oil, gas and coal2.5%2.9%
Animal feed and food waste0.09%2.6%
Electrical and electronic equipment0.83%1.8%
Other20.4%22.1%

Who it trades with

China went from 0.5% to 14% of Belize's trade

% of total trade (exports + imports) with each partner.

  • United States 38%
  • China 14%
  • Guatemala 8%
  • Mexico 7%
  • United Kingdom 4%

Source: CEPII BACI

Show the numbers
Partner19952024
United States38.2%37.5%
China0.46%13.8%
Guatemala1.4%8%
Mexico6.1%7.2%
United Kingdom15.5%4.4%

Production hubs

Largest industrial emission sources (Climate TRACE, 2025)

No hubs above the globe threshold.

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Largest economic production hubs (gridded GDP, 2024)

No hubs above the globe threshold.

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Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. Ranks are computed among the countries with data each year. Services are not included. Data up to 2024.

Neighboring countries

Main partners

See all countries