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2022
Flag → Flag
Exports $5.44kRnk 106 / 128
2022
Flag → Flag
Top Product $2.58kSauces and Seasonings
2022
Flag → Flag
Exports $438kRnk 88 / 160
2022
Flag → Flag
Top Product $437kRefined Petroleum
2022
Flag  
GDP$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
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GDP GROWTH48.4%CURRENT US$
Rnk 67 / 186
2022
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 GDP$27.8BCURRENT US$
Rnk 107 / 186
2012-2022
Flag
GDP GROWTH88.7%CURRENT US$
Rnk 20 / 186
2022
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GDP PC $6,968CURRENT US$
Rnk 92 / 186
2012-2022
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GDP PC GROWTH23.4%CURRENT US$
Rnk 76 / 186
2022
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GDP PC$72,903CURRENT US$
Rnk 9 / 186
2012-2022
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GDP PC GROWTH58.5%CURRENT US$
Rnk 29 / 186

About

Belize-Iceland In 2022, Belize exported $5.44k to Iceland. The main products that Belize exported to Iceland are Sauces and Seasonings ($2.58k), Ball Bearings ($1.75k), and Jams ($442). During the last 26 years the exports of Belize to Iceland have decreased at an annualized rate of 16%, from $504k in 1996 to $5.44k in 2022.

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

Iceland-Belize 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). During the last 26 years the exports of Iceland to Belize have increased at an annualized rate of 4.96%, from $125k in 1996 to $438k in 2022.

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

Comparison In 2022,  Belize ranked 175 in total exports ($399M). That same year, Iceland ranked 116 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belize exported $5.44k to Iceland. The main products exported from Belize to Iceland were Sauces and Seasonings ($2.58k), Ball Bearings ($1.75k), and Jams ($442). During the last 26 years the exports of Belize to Iceland have decreased at an annualized rate of 16%, from $504k in 1996 to $5.44k in 2022.

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 27 years the exports of Iceland to Belize have increased at an annualized rate of 4.96%, from $125k in 1995 to $438k in 2022.

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

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

Latest Data

Trade between Belize (Flag) and Iceland (Flag)

Belize Exports

Date

Iceland Exports

Market Competitiveness

Color
Belize
Top DestinationUnited States$86.5M
Iceland
Top DestinationNetherlands$1.97B

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

In 2021, countries that imported more from Belize than Iceland were Guatemala ($39.2M), Honduras ($19.9M), and Jamaica ($14.9M).

In 2021, countries that imported more from Iceland than Belize were Netherlands ($1.97B), United Kingdom ($672M), and Germany ($573M).

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

Comparative Advantage Belize - Iceland

Flow
Scale

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

During 2022, Belize had a large net trade with Iceland in the exports of Foodstuffs ($3.04k), Machines ($1.75k), and Textiles ($365).

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

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 Belize has comparative advantage over Iceland. Similarly, the more yellow a dot/product is, the more Iceland has comparative advantage over Belize.

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

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