Posted: Thursday, July 26, 2018. 10:04 am CST.
By BBN Staff: For the month of June, Belize imported goods valuing $170.8 million, a 10.5 % increase from last year’s imports. The increment is due to the increase in the amount of fuel imported.
Heightened purchases of cigarettes, footwear and perfumes caused a notable increase in goods for the ‘Commercial Free Zones’ from 27 million dollars in June 2017 to 31.4 million dollars in June 2018.
Exports, however, continued on a downward trend with exports being down by 7.3% in June 2018 when compared to June 2017.
Belize saw decreased export earnings across 4 of the 5 major exports (sugar, citrus, bananas, marine products, and crude oil), with sugar being the commodity that suffered the greatest decline.
Sugar exports decreased by 16.1%, despite a boost in production and export.
In June 2017, the country sold 12.7 million dollars in sugar vis-à-vis 10.7 million dollars in June 2018 as the industry continues to be impacted by lower world market prices.
Bananas were the only export that saw an increase in June, with earnings increasing from 5 million dollars in 2017 to 5.5 million dollars this year.
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