Merchandise exports to low- and middle-income economies in Latin in Belize
Belize: Merchandise exports to low- and middle-income economies in Latin was 24.5% in 2023. ◆ Volatile
Merchandise exports to low- and middle-income economies in Latin in Belize, 1963–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
In 2023, merchandise exports to low- and middle-income economies in latin in Belize stood at 24.5%.
Compared with earlier readings it is down 13.0% on the previous year and up 130.4% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies in latin in Belize peaked at 45.2% in 1978 and was at its lowest, 1.3%, in 1974.
That places Belize 14th out of 203 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports to low- and middle-income economies in Latin in Belize, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1963 | 11.7% | — |
| 1964 | 13.0% | +11.2% |
| 1965 | 14.9% | +14.4% |
| 1966 | 19.7% | +31.9% |
| 1967 | 19.0% | -3.4% |
| 1968 | 20.8% | +9.2% |
| 1969 | 25.7% | +23.7% |
| 1970 | 27.3% | +6.2% |
| 1971 | 22.9% | -16.0% |
| 1972 | 1.4% | -94.0% |
| 1973 | 1.3% | -7.1% |
| 1974 | 1.3% | -1.7% |
| 1975 | 17.1% | +1250.2% |
| 1976 | 27.5% | +61.4% |
| 1977 | 22.1% | -19.8% |
| 1978 | 45.2% | +104.4% |
| 1979 | 29.6% | -34.5% |
| 1981 | 2.6% | -91.3% |
| 1982 | 32.6% | +1168.2% |
| 1983 | 17.9% | -45.2% |
| 1984 | 19.5% | +8.9% |
| 1985 | 25.0% | +28.1% |
| 1986 | 12.8% | -48.6% |
| 1987 | 13.6% | +5.6% |
| 1988 | 18.2% | +34.2% |
| 1989 | 22.2% | +22.3% |
| 1990 | 16.1% | -27.4% |
| 1991 | 7.5% | -53.8% |
| 1992 | 5.1% | -31.6% |
| 1993 | 11.7% | +129.3% |
| 1994 | 10.4% | -10.9% |
| 1995 | 4.6% | -55.8% |
| 1996 | 5.4% | +16.5% |
| 1997 | 7.4% | +38.2% |
| 1998 | 5.1% | -30.9% |
| 1999 | 4.4% | -14.6% |
| 2000 | 3.8% | -13.0% |
| 2001 | 4.6% | +20.6% |
| 2002 | 5.3% | +14.4% |
| 2003 | 7.8% | +48.0% |
| 2004 | 8.5% | +9.0% |
| 2005 | 11.0% | +29.4% |
| 2006 | 18.3% | +67.2% |
| 2007 | 20.2% | +9.9% |
| 2008 | 22.4% | +11.2% |
| 2009 | 7.9% | -64.6% |
| 2010 | 18.7% | +136.1% |
| 2011 | 14.8% | -21.0% |
| 2012 | 12.4% | -16.0% |
| 2013 | 10.6% | -14.6% |
| 2014 | 14.2% | +33.7% |
| 2015 | 12.2% | -13.9% |
| 2016 | 11.6% | -5.2% |
| 2017 | 12.8% | +10.2% |
| 2018 | 14.1% | +10.6% |
| 2019 | 14.5% | +2.5% |
| 2020 | 19.8% | +36.6% |
| 2021 | 26.5% | +34.2% |
| 2022 | 28.1% | +6.0% |
| 2023 | 24.5% | -13.0% |
Belize compared with similar countries
- Belize's 24.5% is above the median for upper middle income countries, which is 1.9%, 12.7× the median. (58 countries reporting)
- Belize's 24.5% is above the median for Latin America & Caribbean, which is 14.5%, 1.7× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to low- and middle-income economies in Latin in Belize changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1975 | +1250.2% | 1.3% | 17.1% |
| 1982 | +1168.2% | 2.6% | 32.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.8% | 11.7% | 25.7% | 7 |
| 1970s | 19.6% | 1.3% | 45.2% | 10 |
| 1980s | 18.3% | 2.6% | 32.6% | 9 |
| 1990s | 7.8% | 4.4% | 16.1% | 10 |
| 2000s | 11.0% | 3.8% | 22.4% | 10 |
| 2010s | 13.6% | 10.6% | 18.7% | 10 |
| 2020s | 24.7% | 19.8% | 28.1% | 4 |
Countries ranked near Belize
- 11 Palau 27.7% compare
- 12 Nicaragua 26.9% compare
- 13 Saint Vincent and the Grenadines 25.3% compare
- 15 United States of America 23.4% compare
- 16 Venezuela, Bolivarian Republic of 22.8% compare
- 17 Costa Rica 21.1% compare
More private sector data for Belize
- Merchandise trade 56.4% (2025)
- Food imports 19.3% (2025)
- Manufactures imports 64.2% (2025)
- Merchandise imports 1.43 billion current US$ (2025)
- Food exports 95.3% (2025)
- Manufactures exports 3.2% (2025)
- Merchandise exports 444.00 million current US$ (2025)
- Merchandise exports (current US$), per capita 1,050 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1335 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -7.88 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports to low- and middle-income economies in latin in Belize?
- Merchandise exports to low- and middle-income economies in latin in Belize was 24.5% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies in latin recorded in Belize?
- The highest recorded value was 45.2% in 1978.
- What is the lowest merchandise exports to low- and middle-income economies in latin recorded in Belize?
- The lowest recorded value was 1.3% in 1974.
- How does Belize rank for merchandise exports to low- and middle-income economies in latin?
- Belize ranks 14th out of 203 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies in latin rising or falling in Belize?
- Over the last ten years it is up 130.4%. The long-run trend across the full record is volatile.
- Where does this Belize data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.