Merchandise exports to low- and middle-income economies within region in Belize
Belize: Merchandise exports to low- and middle-income economies within region was 24.5% in 2023. ◆ Volatile
Merchandise exports to low- and middle-income economies within region in Belize, 1963–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
Belize recorded 24.5% for merchandise exports to low- and middle-income economies within region in 2023.
That represents a change of 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 within region in Belize peaked at 45.2% in 1978 and was at its lowest, 1.3%, in 1974.
That places Belize 71st out of 203 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports to low- and middle-income economies within region 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 15.5%, 1.6× the median. (59 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 within region 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
- 68 Philippines 25.1% compare
- 69 Mauritius 24.6% compare
- 70 Cambodia 24.6% compare
- 72 Republic of Moldova 23.3% compare
- 73 Venezuela, Bolivarian Republic of 22.8% compare
- 74 Croatia 21.4% 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 within region in Belize?
- Merchandise exports to low- and middle-income economies within region 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 within region recorded in Belize?
- The highest recorded value was 45.2% in 1978.
- What is the lowest merchandise exports to low- and middle-income economies within region 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 within region?
- Belize ranks 71st out of 203 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies within region 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 within region (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
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About this data
Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region 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. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.