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Basic Information

Area 22,923 km2
Capital Belmopan
Official Language English
GDP per capita US $4,835
GDP US$ 1.395 billion
Imports US$ 986 million
Exports US$ 207 million
Currency Belize Dollar

Business Environment

Belize is located in the northeast of Central America, contiguous to Guatemala by west and south, adjacent to Mexico by north and Caribbean Sea by east.
Agriculture and livestock farming are very prosperous in Belize, the major products are orange, sea food, sugar, banana, rice, kidney bean, sweet corn, cucumber, honey, beef and domestic fowls. The output vale of agriculture shares 65% foreign exchange income and the top 4 export items are orange, sugar, banana and fish product. Besides, Belize produces good quality wood, such as redwood, mahogany, cedar, rosewood, etc. In recently years, Belize encouraged tourism industry and developed it to be the first foreign exchange income generator. 

Top 10 import from Belize

Year: 2019
Code USD
(3061112004) Rock lobster and other sea crawfish, not smoked, frozen 800,712  
(72044990905) Other waste and scrap, of iron or steel 168,579  
(84779000009) Other parts of machinery of heading 84.77 132,723  
(20083000002) Citrus fruit, otherwise prepared or preserved 100,633  
(72042100005) Waste and scrap of stainless steel 69,389  
(73239900008) Other table, kitchen or other honsehold articles and parts thereof, of iron or steel 36,668  
(3057120002) Shark fins, dried 23,773  
(22084000008) Rum and other spirits obtained by distilling fermented sugar-cane products 14,209  
(21039090905) Other articles of heading No. 2103 11,017  
(98990000006) MISCELLANEOUS 9,798  

Top 10 export to Belize

Year: 2019
Code USD
(85014090001) Other AC motors, single-phase 1,104,930  
(84145100002) Table, floor, wall, window, ceiling or roof fans, with a self-contained electric motor of an output not exceeding 125 w 838,423  
(39232990907) Sacks and bags (including cones), of other plastics 779,493  
(84149030009) Parts of fans and blowers 746,873  
(87120090004) Other cycles 363,428  
(87089990002) Parts and accessories for other motor vehicles 217,795  
(54075200006)Other dyed woven fabrics, containing 85% or more by weight of textured polyester filaments 193,252  
(98990000006) MISCELLANEOUS 189,324  
(95043090008) Other games, operated by coins, banknotes ,bank card, ,token or other type of payment, other than automatic bowling alley equipment 150,709  
(85423100002) Processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits 143,761  


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