Belize’s total trade with the United States was $37.43 million in September, a change of 37.57 percent from the same month one year ago. Leading trading partners with Belize in 2019, by total trading value (in 1,000 U.S. dollars) [Graph]. Belize continues to rely heavily on foreign trade with the United States as its number one trading partner. Countryaah.com © 2020. dollars)." International Trade in Belize During the recent years, the economy of Belize has experienced a positive evolution with a sustained level of growthl. In, Trade Map. Its membership is comprised primarily of accommodation providers including hotels, resorts, lodges, condominiums, educational facilities and home-stays with allied members including tour operators and ancillary businesses that service the hospitality industry. You need at least a Single Account to use this feature. A paid subscription is required for full access. Belize Trade Statistics. Last modified November 17, 2019. Accessed December 13, 2020. https://www.statista.com/statistics/1184997/value-trade-belize-countries/, Trade Map. Belize: main trade partners 2019, by trading value Published by Statista Research Department , Nov 9, 2020 Presentation of the main economic and trade cooperations of Belize and customs duties applied in Belize. Total Starbucks locations globally 2003-2019, Market share of leading carbonated beverage companies worldwide, Revenue and financial key figures of Coca-Cola 2009-2019, Profit from additional features with an Employee Account. Are you interested in testing our corporate solutions? Belize had a total export of 240,911.16 in thousands of US$ and total imports of 957,739.41 in thousands of US$ leading to a negative trade balance of -716,828.25 in thousands of US$ The Effectively Applied Tariff Weighted Average (customs duty) for Belize is 11.08% and the Most Favored Nation (MFN) Weighted Average tariff is 12.10%.The trade growth is -5.85% compared to a world growth of 3.50%. Government and business leaders have forged innovative strategies aimed at accelerating the investment climate in the country, but any prospective investor should never forget that this is a Third World country with all the attendant risks that category of investment poses. Available to download in PNG, PDF, XLS format, Access to this and all other statistics on 80,000 topics from. The most common import partners for Belize are United States ($392M), Mexico ($120M), China ($119M), Guatemala ($69.1M), and Panama ($29.5M). Update, Insights into the world's most important technology markets, Advertising & Media Outlook Belize Central Statistical Office. Our access to the U.S. Commercial Service network of trade specialists located across the United States and in nearly 80 countries around the globe, allows us to work with your company to help you get started in exporting or increase your sales to Belize. Chart. New, Figures and insights about the advertising and media world, Industry Outlook Please do not hesitate to contact me. The other three banks are Heritage Bank, Atlantic Bank, and Scotiabank (Belize). Foreign Trade Statistics, 2000-20044. The release date corresponds to the date of consultation. You can only download this statistic as a Premium user. globalEDGE - Your source for business knowledge Menu. Belize ranked No. Then you will be able to mark statistics as favourites and use personal statistics alerts. Belize trade suffered during the global recession. Whether snorkeling, climbing or relaxing, our partners can help you craft the perfect itinerary. Belize is the perfect destination for your clients, as there is much to see and do. Belize is the perfect destination for the traveler who seeks action and intrigue. The U.S. Embassy in Belize typically has a booth at the Expo where U.S. companies are welcome to participate. "Leading trading partners with Belize in 2019, by total trading value (in 1,000 U.S. In October 2008 Antigua and Barbuda, The Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Jamaica, Saint Lucia, Saint Vincent and the Grenadines, Saint Kitts and Nevis, Suriname, Trinidad and Tobago, and the Dominican Republic signed the CARIFORUM-EU Economic Partnership Agreement with the EU.. Haiti signed the agreement in December 2009, but is not applying it yet, pending its ratification. Among Mexico’s trading partners that generate the greatest positive trade balances, Mexican surpluses with Hong Kong (up 33.2%), Canada (up 30.6%) and United States (up 18.7%) grew at the fastest pace from 2018 to 2019. On the other hand, it is Belize’s second largest export destination after the United Kingdom, with 23% of exports or $45.3 million. In 2000, the U.S. accounted for 48.5% of Belize's total exports and provided 49.7% of all Belizean imports. Belize - Belize - Economy: Belize has a developing free-market economy. Overview: In 2018 Guatemala was the number 69 economy in the world in terms of GDP (current US$), the number 89 in total exports, the number 86 in total imports, the number 113 economy in terms of GDP per capita (current US$) and the number 89 most complex economy according to the Economic Complexity Index (ECI) Exports: The top exports of Guatemala are Bananas ($1.35B), Coffee … BELIZE Trade and investment flows - documents : Belize: exports to partner countries 1980-2002. Global ... View All Export/Import Trade Partners Traded Goods (at the 2-digit HS Code level) Top 10 Export Goods. Belize is offers reasonable investments opportunities for the wise investor. As a Premium user you get access to background information and details about the release of this statistic. This feature is limited to our corporate solutions. Belize has four commercial bank groups, of which the largest and oldest is Belize Bank. Government trade promotion groups such as BELTRAIDE are doing reasonably well at providing information and hand holding for new investors, ... Income and Business Tax Act Chapter 55 of the Laws of Belize) * Persons carrying on a trade or business earning over BZ$ 75,000 ... Our Partners. The United States remained the Belize’s largest importing partner, accounting for 42.5% of overall imports. It had ranked No. You only have access to basic statistics. Learn more about how Statista can support your business. Please authenticate by going to "My account" → "Administration". 2005 : Trade and investment flows - links : Belize Central Statistical Office : Caribbean Community (CARICOM) Secretariat. You need a Single Account for unlimited access. Please create an employee account to be able to mark statistics as favorites. Commercial logging and the export of timber were for years the basis of the Belizean economy, but by 1960 the combined value of sugar and citrus exports had exceeded that of timber. Exports in Belize averaged 44.04 BZ $ Million from 2005 until 2020, reaching an all time high of 97.57 BZ $ Million in March of 2012 and a record low of 15.70 BZ $ Million in December of 2017. In the 20th century, agriculture in Belize grew under the production of citrus, bananas, and sugar. Trade Map. For 2018, the United States remained Belize’s lead trading partner. The best explanation could be the drop in demand around the world as well as lesser productivity due to unavailability of credit. Has since become one of the main economic and trade cooperations of Belize has experienced a positive evolution a... A percentage of GDP 1990-2018 and intrigue to 2019 data for 170 industries from 50 countries and 1. 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