Posted: Wednesday, January 26, 2022. 5:53 pm CST.
By Aaron Humes: Belize’s exports saw a rebound in 2021, selling some $438 million in goods for a rise of nearly $71 million or 19.2 percent according to the Statistical Institute of Belize (SIB).
Inversely, Belize imported $2.1 billion in goods, recovering by nearly 35 percent from the pandemic-induced low of $1.6 billion in 2020.
Leading the way in exports was sugar, rising 24 percent to $138.1 million; animal feed doubling to $31 million due to improved prices and greater demand; marine products to $53 million boosted by better prices for lobster and conch, and more modest increases for molasses and bananas. Even crude petroleum saw a bit of a comeback with more than $8.5 million in revenue collected.
Citrus, the third of Belize’s big three major industries, was the only one to see a decline, falling by $12.7 million in revenue to $37 million, affected by smaller quantities of orange concentrate being exported.
Belize imported $117 million more manufactured goods such as steel corrugated rods, galvalume steel coils and metal pipes; nearly $108 million more in fuels and lubricants such as propane and kerosene; $94 million in machinery and transport equipment and a rebounding Commercial Free Zone in Corozal which imported $84 million more in goods for resale.
For December Belize imported $229 million in goods, nearly $84 million more than 2020, while exporting $37.1 million more than in December 2020.
Аdvеrtіѕе wіth thе most visited news site in Веlіzе ~ Wе оffеr fullу сuѕtоmіzаblе аnd flехіblе dіgіtаl mаrkеtіng расkаgеѕ. Yоur соntеnt іѕ dеlіvеrеd іnѕtаntlу tо thоuѕаndѕ оf uѕеrѕ іn Веlіzе аnd аbrоаd! Соntасt uѕ аt [email protected] оr саll uѕ аt 501-601-0315.
© 2022, 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.