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Belize

US Revised Tariffs (%)

10

Ease of doing business

theboardiQ Tariffs Dashboard:

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Understand the complexities of international tariffs and ease of doing business across nations to cultivate balanced trade relationships, streamline operations, and deliver cost savings to end consumers.

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Share of US Imports % (1 implies <1%)
US Tariff %
Revised Tariff %
Country Tariff Rate %
1
10
10
18.1
Exports (in USD Bill.) 2024
Imports (in USD Bill.) 2024
Balance (in USD Bill.) 2024
0.59
0.08
0.51

US Revised Tariffs

Country Tariffs

Balance of Trade

Commercial Guide

Learn about the market conditions, opportunities, regulations, and business conditions in countries, prepared by U.S. Embassies worldwide, Commerce Department, State Department and other U.S. agencies’ professionals

Tariff Rate for US

World Bank staff estimates using the World Integrated Trade Solution system, based on tariff data from the United Nations Conference on Trade and Development's Trade Analysis and Information System ( TRAINS ) database and global imports data from the United Nations Statistics Division's Comtrade database.

US Imports Guide 

United States Imports from Countries during 2024, according to the United Nations COMTRADE database on international trade. United States Imports from Countries- data, historical chart and statistics - was last updated on April of 2025.

Implications

As of Saturday, April 19, 2025, the tariff situation for Belize is largely defined by the recent trade policy changes implemented by the United States. Here's the latest update: United States Tariffs on Goods from Belize: 10% Baseline Tariff: As part of a broader tariff initiative, the United States has imposed a 10% tariff on goods imported from Belize. This baseline tariff applies to most countries and went into effect on April 5, 2025.   Impact on Caribbean Basin Initiative (CBI): For decades, Belize has benefited from duty-free access to the U.S. market under the Caribbean Basin Initiative (CBI). The new 10% tariff potentially undermines these preferential trade terms, which have been vital for Belize's exports, particularly in agriculture and light manufacturing.   Government Response: The Government of Belize has acknowledged the potential adverse effects of this tariff and is actively analyzing the situation. They are pursuing bilateral talks with U.S. officials and coordinating with the Caribbean Community (CARICOM) for a unified regional response to mitigate any negative economic impacts.   Potential Limited Harm: Initial analysis by the Belizean government suggests that the broad application of the 10% tariff to most U.S. trading partners might limit the potential harm specifically to Belize, as it doesn't face a disproportionately higher tariff compared to many others.   Belize's Own Tariff Schedule: Belize's tariff schedule is based on the CARICOM Common External Tariff (CET) and the Harmonized Commodity and Coding System (HS).   The CET features tariff bands of 0-5%, 10%, 15%, 20%, and 40%. The average import duty applied to commodities in Belize is around 20%, but rates can range from 0% to as high as 100% for certain goods.   Zero-rated goods include basic food items and medicines.   Higher rates apply to items like certain automobiles and other specific goods.   Imports from CARICOM countries are generally exempt from import duties but may be subject to a Revenue Replacement Duty (RRD).   Other taxes on imports in Belize include a General Sales Tax (GST) of 12.5% and an Environmental Tax of 3% (with some exceptions).   Key Considerations for Belize: The 10% U.S. tariff could increase costs for Belizean exporters, potentially affecting their competitiveness in the U.S. market.   Belize's government is actively seeking to safeguard its economic interests through diplomatic channels and regional cooperation.   The impact on Belize's import-dependent economy also needs to be considered, as increased costs on goods from the U.S. and other trading partners could lead to inflation. In summary, the most significant recent tariff update for Belize is the imposition of a 10% tariff by the United States on its imports, which has prompted a response from the Belizean government to protect its trade interests. Belize itself operates under the CARICOM Common External Tariff for its imports from non-member countries.

US Negotiation Strategy

Based on the most recent data (2024), the top imports to the US from Belize by value are: Sugars and sugar confectionery ($45.66 Million) Fish, crustaceans, molluscs, aquatic invertebrates ($15.61 Million) Commodities not specified according to kind ($7.70 Million) Beverages, spirits and vinegar ($4.08 Million) Edible fruits, nuts, peel of citrus fruit, melons ($3.64 Million) Here's a look at which states in the US have manufacturing in these sectors, along with some company examples: Sugars and Sugar Confectionery: Louisiana: Has a significant sugarcane industry. Examples include Louisiana Sugar Cane Products, Inc. and various local sugar mills.   Florida: Also grows sugarcane. Companies like Florida Crystals are major producers. Michigan, Pennsylvania, California, Illinois: These states have large confectionery manufacturing industries. Examples include Mars Wrigley (various locations), Hershey's (Pennsylvania), and Ferrara Candy Company (Illinois).   Fish, Crustaceans, Molluscs, and other Aquatic Invertebrates (Seafood Processing): Alaska: A major hub for seafood harvesting and processing. Companies include Trident Seafoods and Peter Pan Seafoods.   Washington: Another significant state for seafood processing, with companies like Ocean Beauty Seafoods. Massachusetts: Has a long history of fishing and seafood processing, particularly in areas like Gloucester and New Bedford. Examples include O'Hara Corporation. Louisiana: Important for shrimp, crawfish, and other seafood processing. Numerous smaller processors operate here.   California: Has a diverse seafood industry.   Commodities not specified according to kind: This is a very broad category and difficult to pinpoint specific manufacturing states or companies without more specific product details. It could include a wide range of miscellaneous manufactured goods. Beverages, Spirits, and Vinegar: California: A major wine-producing state with numerous wineries like E. & J. Gallo Winery and Constellation Brands. Also has breweries (e.g., Sierra Nevada Brewing Co.) and distilleries.   Kentucky: Famous for bourbon whiskey. Examples include Jim Beam and Maker's Mark.   Tennessee: Known for Tennessee whiskey, with companies like Jack Daniel's.   Wisconsin: Has a significant brewing industry, with companies like Miller Brewing Company and New Glarus Brewing.   Many other states have thriving craft brewing and distilling industries. Vinegar is produced in various states, often by smaller manufacturers or as part of larger food production. Edible Fruits, Nuts, Peel of Citrus Fruit, Melons (Food Processing): California: A leading producer of various fruits, nuts, and processed fruit products. Companies include Dole Food Company (with operations in California) and many fruit and nut processors.   Florida: Known for citrus fruits and juice production. Examples include Tropicana Products (owned by PepsiCo) and Minute Maid (owned by The Coca-Cola Company).   Washington: Major producer of apples and other fruits, with numerous processing facilities.   Oregon: Known for berries and fruit processing.   Various other states have significant fruit and vegetable processing industries depending on their agricultural output. It's important to note that while these states have manufacturing capabilities in the same general categories as the top imports from Belize, the specific types and quality of goods produced, as well as the scale of production, can differ significantly. Additionally, some of the US manufacturing might rely on imported components or raw materials as part of their production processes.

Investing in USA

theboardiQ Economic Relevance Score, ranks States of USA based on 11 parameters

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Sources : Forbes | USDA Economic Research | TCGen Total Innovation Rank Index | Best States for Manufacturing | World Population Review | Tax Foundation | US News | BEA Data | Wikipedia | International Trade Administration

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theboardiQ's Economic Relevance Score provides a comprehensive, data-driven assessment of a nation's economic vitality and global significance. This score is meticulously calculated using 11 key parameters, each reflecting a critical facet of economic performance. It analyzes the representation of Fortune 500 companies within a nation, a strong indicator of its business environment and market size. The balance of trade surplus or deficit reveals the nation's international competitiveness and export strength. It incorporates Gross Domestic Product (GDP), a fundamental measure of overall economic output, and examine the health of key sectors like agriculture and manufacturing. The score also accounts for innovation, gauging a nation's ability to drive future growth through technological advancements. Crucial labor market indicators such as employment rates are considered, alongside fiscal policies reflected in tax rates. To capture the lived experience of citizens, it assesses cost of living and disposable income, providing insight into purchasing power and economic well-being. Finally, education levels are integrated, recognizing their pivotal role in fostering a skilled workforce and driving long-term economic development. By synthesizing these 11 parameters, theboardiQ's Economic Relevance Score delivers a nuanced and holistic view of a nation's economic standing, enabling informed strategic decisions. The Top 5 States in the assessment are Texas, North Carolina, Virginia, Florida and Washington. Texas does consistently well across most of the 11 variables especially in the areas of GDP, F500 representation in the State, Balance of Trade where it ranks 2nd nationally. North Carolina scores as the highest-ranking state nationally in manufacturing and performs consistently across the other variables. Virginia does well in disposable income where it ranks 3rd nationally. It also scores high in the variables of manufacturing and employment Florida holds the 4th ranking nationally for GDP and Tax Washington State scores the top spot for disposable income nationally, 2nd for education and 3rd for innovation. Colorado, with an overall rank of 7 scores the top spot for Education (schools and higher education). Nebraska, that ranked 10th overall, did well in Agriculture where it is ranked 3rd nationally as well as Trade Balance where it ranked 5th. Illinois, though ranked 20th overall did well nationally in F500 representation, GDP, Agriculture, and Disposable Income. Pennsylvania comes in at 21 overall doing well nationally in GDP (6th); Manufacturing (8th) and F500 representation (8th) New York scores 23rd overall with a 2 ranking in Disposable Income nationally, as well as 3rd in both F500 representation and GDP. California comes in at 29th overall and has the top spot ranking in a whopping 4 variables nationally – GDP, Innovation, Agriculture and F500 representation. However, performance in the areas of Trade Balance, Cost of Living, Tax, Manufacturing and Employment resulted in the overall ranking dipping. Wyoming at 30th overall scores the top spot nationally in the area of Tax Massachusetts at 31 overall does well in innovation where it is ranked 2nd nationally Arkansas at 36 and Alabama at 39, do well in overall Cost of Living where they are ranked 2nd and 3rd nationally, respectively. Louisiana ranked 44th overall is ranked 1st in Trade Balance nationally.

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