Posted: Thursday, October 31, 2019. 2:38 pm CST.
By BBN Staff: The latest trade figures released by the Statistical Institute of Belize (SIB) show a marginal decline in imports as well as a small decline in exports for the month of September.
The SIB’s External Trade Bulletin (ETB) said that imports were down by 0.6 percent ($0.9 million), and exports were down by 7 percent ($2.6 million).
Imports which say reduction in their amounts between September 2018 and September 2019 include: ‘Machinery and Transport Equipment,’ which fell from $34.6 million to $29.3 million;‘Manufactured Goods,’ which fell from $20.6 million to $18 million; ‘Mineral Fuels and Lubricants,’ which went down from $21.3 million in September 2018 to $19.3 million in September 2019; and Imports for ‘Beverages and Tobacco,’ which declined from $3.2 million to $2.2 million, due largely to decreased purchases of cigarettes and hard liquors.
“Notwithstanding this slight drop in total imports, most commodity categories experienced notable changes for the month,” the SIB said.
Export categories that saw a reduction between September 2018 and September 2019 include: Sugar, which fell from $20.7 million in September 2018 to $19.5 million in September 2019, owing to diminished exported quantities of this product; citrus products, which fell from $3.6 million to $2.5 million; and bananas, which fell from from $6.6 million in September of last year to $6 million in September 2019.
“Merchandise exports for the period January to September 2019 totalled just over $333 million, up 5.2 percent or $16.5 million from that same period last year,” the SIB noted.
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