2022
Flag  
GDP
$95BCURRENT US$
Rnk 68 / 186
2012-2022
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GDP GROWTH
91.6%CURRENT US$
Rnk 17 / 186
2022
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 GDP
$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH
48.4%CURRENT US$
Rnk 67 / 186
2022
Flag
GDP PC 
$5,473CURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP PC GROWTH
63.1%CURRENT US$
Rnk 22 / 186
2022
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GDP PC
$6,968CURRENT US$
Rnk 92 / 186
2012-2022
Flag
GDP PC GROWTH
23.4%CURRENT US$
Rnk 76 / 186

About

Guatemala-Belize In 2022, Guatemala exported $156M to Belize. The main products that Guatemala exported to Belize are Refined Petroleum ($46M), Raw Iron Bars ($9.07M), and Mixed Mineral or Chemical Fertilizers ($7.95M). During the last 27 years the exports of Guatemala to Belize have increased at an annualized rate of 12.5%, from $6.46M in 1995 to $156M in 2022.

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

Belize-Guatemala In 2022, Belize exported $39.2M to Guatemala. The main products that Belize exported to Guatemala were Bran ($24.5M), Starch Residue ($6.18M), and Scrap Iron ($2.41M). During the last 27 years the exports of Belize to Guatemala have increased at an annualized rate of 13.3%, from $1.35M in 1995 to $39.2M in 2022.

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

Comparison In 2022,  Guatemala ranked 73 in the Economic Complexity Index (ECI -0.24),  and 84 in total exports ($16.4B). That same year, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Guatemala exported $156M to Belize. The main products exported from Guatemala to Belize were Refined Petroleum ($46M), Raw Iron Bars ($9.07M), and Mixed Mineral or Chemical Fertilizers ($7.95M). During the last 27 years the exports of Guatemala to Belize have increased at an annualized rate of 12.5%, from $6.46M in 1995 to $156M in 2022.

In 2022, Belize exported $39.2M to Guatemala. The main products exported from Belize to Guatemala were Bran ($24.5M), Starch Residue ($6.18M), and Scrap Iron ($2.41M). During the last 27 years the exports of Belize to Guatemala have increased at an annualized rate of 13.3%, from $1.35M in 1995 to $39.2M in 2022.

Exports from Guatemala (Flag) to Belize (Flag) (2022)

Exports from Belize (Flag) to Guatemala (Flag) (2022)

Latest Data

Trade between Guatemala (Flag) and Belize (Flag)

Guatemala Exports

Belize Exports

Market Competitiveness

Color
Guatemala
Top Destination
United States$5.23B
Belize
Top Destination
United States$86.5M

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

In 2021, countries that imported more from Guatemala than Belize were United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

In 2021, countries that imported more from Belize than Guatemala were Hungary ($18.3M), Ireland ($11.2M), and Dominica ($1.29M).

Difference in imports from Belize (Flag) and Guatemala (Flag) (2022)

Comparative Advantage Guatemala - Belize

Flow
Scale

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

During 2022, Guatemala had a large net trade with Belize in the exports of Mineral Products ($56.9M), Chemical Products ($23.3M), and Metals ($20.5M).

During 2022, Belize had a large net trade with Guatemala in the exports of Foodstuffs ($31.6M), Vegetable Products ($2.46M), and Metals ($2.43M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Guatemala has comparative advantage over Belize. Similarly, the more yellow a dot/product is, the more Belize has comparative advantage over Guatemala.

Product Space of Guatemala (Flag) and Belize (Flag) (2022)

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