Posted: Wednesday, November 29, 2017. 6:20 p.m. CST.
By BBN Staff: For the second month since the drastic drop in exports recorded in August, Belize’s exports have performed way above its output recorded for the same month last year.
The latest External Trade Bulleting from the Statistical Institute of Belize (SIB), which covered the month of October, showed that Belize’s exports had risen by 66.4 percent when compared to October 2016. The SIB showed that Belize had made $37.1 million, some $14.8 million more than the $22.3 million recorded last year.
Bananas were the country’s top earners among all exported goods for October, where sales totalled some $8.9 million, more than doubling the $4.2 million recorded for October 2016. Sugar exports amounted to $4.7 million, as opposed to last year when there were no shipments of sugar exported.
“Belize’s crude petroleum exports continued to benefit from favourable world market prices, with revenues up slightly by $0.7 million, from $5.6 million in 2016 to $6.3 million in 2017, despite there being virtually no difference in exported volumes compared to the same month of last year,” the SIB said.
The institute also noted that marine products and citrus sales were down during the month. The United Kingdom imported the most Belizean goods for the month, followed by the Caribbean Community (CARICOM) and then the United States. Total exports for 2017 showed a 13.2 percent increase, moving from $364.9 million January to October last year, to $413 million for the same period this year.
Belize’s imports also went up by some 14 percent, due to increases across all import categories.
© 2017, BreakingBelizeNews.com. This article is the copyrighted property of Breaking Belize News. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.