November exports down, overall exports up

BBN Staff: Belize’s exports declined by more than 10 percent for the month of November, but overall export revenue from January to November still registered growth.

According to the latest External Trade Bulletin issued by the Statistical Institute of Belize (SIB), domestic exports for November totaled $16.9 million, an 11.4 percent or $2.2 million drop when compared to 2016, which recorded the $19.1 million in revenue recorded for November.

Exports from January to November, recorded an increase of 12 percent. Belize’s total exports for the eleven months amounted to $429.9 million, a $45.9 million increase from almost the  $384 million recorded last year.

Sugar and bananas were the key drivers for the export increases, with sugar growing by $45.2 million from $102.6 million to $147.8 million, and bananas growing by $10.7 million, from $64.8 million to $75.5 million.

Marine products and Petroleum Exports saw little change but still managed to bring in $36.9 million and $22.7 million respectively. Citrus was the only export that recorded an overall decline.

Imports for the 11-month period recorded a decrease totaling $1.7 billion, a 4.5 percent or $77.4 million decrease from the same period last year.

 

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