fbpx
July cost of living up by less than 1 percent
August 31, 2017
Ladyville man busted with homemade gun
August 31, 2017

July exports down, overall exports still up

Posted: Thursday, August 31, 2017. 8:30 am CST.

BBN Staff: Despite having a 5.3 percent decline in exports for the month of July, Belize’s accumulated exports from January to July were still above what they were for the same period last year.

The Statistical Institute of Belize’s (SIB) latest External Trade Bulletin said that merchandise exports for the month of July were valued at $28.4 million, down 5.3 percent, a $1.6 million drop from the $30 million recorded in July 2016.

The SIB noted that Sugar exports for the month fell sharply by $5.2 million, from $6.7 million to $1.5 million, and was the principal reason for the overall downturn in domestic export earnings for the month. Bananas and Marine products also saw declines of $1.3 million and $0.7 million, respectively, while Citrus exports went up by $600,000, from $5.6 million in July 2016 to $6.2 million this year. The citrus increase came from favorable prices for orange concentrate on the world market.

Increasing world prices for crude petroleum has continued to help Belize’s struggling oil   industry. Crude went from having no exports in July 2016, to bringing in some $5.1 million this year.

“As a result of the strong performance recorded for crude petroleum during the month, exports to the CARICOM region, the only recipient of this product at this time, nearly doubled from $5.2 million in July 2016 to almost $11 million for July 2017,” the SIB said.

In contrast, exports to the European Union, less the United Kingdom, plummeted from $10.2 million to $3.4 million owing to the reduction in sugar sales for the month of July 2017.

Even with the ups and downs of July, merchandise exports from January to July managed to total some $304.7 million, up 16.4 percent or $42.9 million from the same seven months of last year.

 

Advertise with the mоѕt vіѕіtеd nеwѕ ѕіtе іn Belize ~ We offer fully customizable and flexible digital marketing packages. Your content is delivered instantly to thousands of users in Belize and abroad! Contact us at mаrkеtіng@brеаkіngbеlіzеnеwѕ.соm or call us at 501-612-0315.

 

© 2017, BreakingBelizeNews.com. Content is copyrighted and requires written permission for reprinting in online or print media. Theft of content without permission/payment is punishable by law.

Comments

  • Galen University
  • Belmopan Aggregates
  • larry waight
  • Belmopan Aggregates
  • cahal pech village resort
  • Galen University
  • Belmopan Aggregates
  • Belmopan Aggregates