Guyana
↔
Belize

Guyana-Belize Bilateral Trade Analysis 2023

Complete trade statistics: $4.05M total volume •Guyana deficit: $4.05M

Guyana → Belize

$0

Exports (2023)

Belize → Guyana

$4.05M

Imports (2023)

Trade Balance

$4.05M

Deficit for Guyana

Total Trade

$4.05M

Combined Volume

Trade Flow Visualization

Direct trade relationship between Guyana and Belize. Green line shows exports from Guyana, red line shows imports.

Detailed Product Trade Analysis

Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Guyana-Belize commercial relationship and competitive positioning in global markets.

Guyana → Belize Exports

$0
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
Infinity% top product
1Undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher
$223,807
Infinity% of exports
2Spirits, liqueurs and other spirituous beverages: n.e.c. in heading no. 2208
$165,023
Infinity% of exports
3Games: playing cards
$1,896
Infinity% of exports
4Containers: (including containers for transport of fluids) specially designed and equipped for carriage by one or more modes of transport
$600
Infinity% of exports
5Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers holding more than 2 litres
$223
Infinity% of exports

🎯 Strategic Export Focus

Guyana's export portfolio to Belize demonstrates strategic specialization, with undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher representing a key competitive advantage in this bilateral market.

Belize → Guyana Imports

$4.05M
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
19.6% concentration
1Vegetables, leguminous: n.e.c. in item no. 0713.3, shelled, whether or not skinned or split, dried
$792,150
19.6% of imports
2Vodka
$717,875
17.7% of imports
3Vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified
$569,226
14.1% of imports
4Spirits, liqueurs and other spirituous beverages: n.e.c. in heading no. 2208
$387,122
9.6% of imports
5Animal fats and oils and their fractions: partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared
$343,061
8.5% of imports

📦 Import Strategy Analysis

Guyana's import pattern from Belize reveals significant dependencyin vegetables, leguminous: n.e.c. in item no. 0713.3, shelled, whether or not skinned or split, dried, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

Guyana demonstrates competitive strength in exportingundenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher to Belize, leveraging comparative advantages.

Export Leader in 5+ Categories
🔄

Trade Complementarity

The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.

Specialized Exchange
📈

Growth Potential

The $4.05M trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: Guyana-Belize Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $4.05 millionrepresenting a significant bilateral economic relationship
  • Trade Balance: Guyana maintains a deficit of $4.05 million
  • Export Focus: Guyana's primary exports include undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher, spirits, liqueurs and other spirituous beverages: n.e.c. in heading no. 2208, games: playing cards
  • Import Dependencies: Key imports from Belize include vegetables, leguminous: n.e.c. in item no. 0713.3, shelled, whether or not skinned or split, dried, vodka, vegetable oils: soya-bean oil and its fractions, crude, whether or not degummed, not chemically modified

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationConcentrated
Trade Balance HealthImbalanced

📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.

Historical Trade Analysis & Economic Context

Trade Evolution Timeline

2019-2023: Recent Trends

Current trade volume of $4.05M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.

2015-2019: Growth Period

Sustained expansion in bilateral trade driven by complementary economic structures, with Guyana leveraging its comparative advantages in undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher.

2010-2015: Foundation Building

Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.

Pre-2010: Early Development

Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.

Key Economic Drivers

1

Comparative Advantage

Guyana's specialization in undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or highercomplements Belize's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in vegetables, leguminous: n.e.c. in item no. 0713.3, shelled, whether or not skinned or split, dried.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $4.05M bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyHigh
🔮

Trade Relationship Outlook

The $4.05M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.

Economic Impact & Strategic Outlook

Economic Impact Assessment

💰

Trade Volume Impact

The $4.05 million bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher and vegetables, leguminous: n.e.c. in item no. 0713.3, shelled, whether or not skinned or split, dried demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Specialized
⚖️

Trade Balance Effects

Guyana's trade deficit of $4.05 million impacts its overall economic position in this bilateral relationship.

Balance Impact: Import Dependency

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in spirits, liqueurs and other spirituous beverages: n.e.c. in heading no. 2208 present expansion opportunities.
Market Diversification
Beyond current focus on vegetables, leguminous: n.e.c. in item no. 0713.3, shelled, whether or not skinned or split, dried, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
High trade imbalance may create supply chain risks
Market Competition
Global competition in undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher may affect future market positioning.

🎯Strategic Recommendations

  • Strengthen cooperation in high-value sectors beyond current trade patterns
  • Develop alternative supply chains to reduce dependency risks
  • Explore joint ventures in emerging technology sectors
  • Enhance trade facilitation and reduce transaction costs

Market Position & Competitive Summary

The bilateral trade relationship between Guyana and Belize represents a total trade volume of $4.05 million in 2023. This partnership demonstrates an unfavorable trade balance for Guyana, with imports exceeding exportsby $4.05 million.

Export Strengths

Guyana's exports to Belize total $0.00, with competitive advantages in undenatured ethyl alcohol: of an alcoholic strength by volume of 80% vol. or higher, representing $223,807 orInfinity% of bilateral exports.

Import Dependencies

Imports from Belize amount to $4.05 million, highlighting economic interdependence in vegetables, leguminous: n.e.c. in item no. 0713.3, shelled, whether or not skinned or split, dried, with Vegetables, leguminous: n.e.c. in item no. 0713.3, shelled, whether or not skinned or split, dried comprising19.6% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates Guyana's strategic sourcing from Belize. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.

Download Bilateral Trade Data

Access detailed trade data between Guyana and Belize in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023