Belize export energy storage product ranking

Once called British Honduras, the independent Commonwealth country now named Belize shipped US$253.4 million worth of products around the world in 2023. That dollar amount reflects a 3.5% increase compared to $244.9 million 5 years earlier during 2019. From 2022 to 2023, the overall value of Belizean exports fell -11.5% from $286.4 million.

From a continental perspective, 35.3% of Belize's exports by value was delivered to fellow European countries while 31.6% was sold to importers in Latin America excluding Mexico but including the Caribbean. Belize shipped another 30.8% worth of goods to North America.

Belize's shipments of sugar including confectionery made from sugar posted the remaining gain in value, up by 2.4%. The leading decliner among Belize's top 10 export categories was vegetables, pulled down by a -37.1% year-over-year drop.

In turn, these cashflows indicate Belize's strong competitive advantages under the sugar and sugar confectionery product category. Belize incurred an overall -US$1.084 billion product trade deficit for 2023, flatlining by -0.7% from the -$1.092 billion in red ink one year earlier in 2022.

Belize has highly positive net exports in the international trade particularly for sugar and molasses. In turn, these cashflows indicate Belize's strong competitive advantages under the sugar and sugar confectionery product category.

Miscellaneous food preparations was the fastest grower among the top 10 export categories, up by 19.7% from 2022 to 2023. In second place for improving export sales was live animals via a 4.2% uptick. Belize's shipments of sugar including confectionery made from sugar posted the remaining gain in value, up by 2.4%.