[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · BLZ · 2024
Belize trade profile
In 2024, Belize recorded $362.6M in merchandise exports and $1.5B in imports, producing a $1.2B trade deficit. Exports changed +20.2% from the previous year, while imports changed -4.4%.[1]
Exports
$362.6M
+20.2%
Imports
$1.5B
-4.4%
Trade balance
-$1.2B
deficit
Active partners
270
43 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$110.4M
HS 17 · HS chapter
14 active HS6 lines · 35 export partners
2$76.9M
HS 03 · HS chapter
103 active HS6 lines · 30 export partners
3$55.4M
HS 08 · HS chapter
62 active HS6 lines · 16 export partners
4$19.8M
HS 20 · HS chapter
52 active HS6 lines · 27 export partners
5$7.9M
HS 27 · Mineral fuels and oils
40 active HS6 lines · 6 export partners
6$7.5M
HS 15 · HS chapter
36 active HS6 lines · 14 export partners
7$6.3M
HS 22 · HS chapter
24 active HS6 lines · 39 export partners
8$6.2M
HS 01 · HS chapter
19 active HS6 lines · 6 export partners
Leading export markets
Destinations rank bilateral export flows from Belize; growth describes each corridor rather than the whole economy.
1$85.8M
United States
Annual change +43.0% · 3-year CAGR 7.8%
2$68.6M
United Kingdom
Annual change +37.1% · 3-year CAGR 3.3%
3$32.3M
Spain
Annual change -1.2% · 3-year CAGR 11.1%
4$22.1M
Ivory Coast
Annual change +79.3% · 3-year CAGR 1946.8%
5$18.6M
Trinidad and Tobago
Annual change +19.5% · 3-year CAGR 12.1%
6$14.9M
Ireland
Annual change +39.4% · 3-year CAGR -3.3%
7$11.8M
Jamaica
Annual change -4.8% · 3-year CAGR -7.2%
8$11.1M
Mexico
Annual change +174.1% · 3-year CAGR -3.2%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.