Trade coming back as export, import levels rise

By Aaron Humes: Belize has exported $44.7 million in products in March of 2022, up $11.1 million from March of 2021, and $90 million through the first quarter, an increase of over nine million.

Meanwhile, imports are at $223 million for the month of March and more than $622 million for January through March of 2022.

Leading the way are sugar (up $4.5 million); animal feed (up $1.5 million) and marine products (up $1 million, mostly lobster meat) as well as a surprising returnee in crude petroleum (well up from just $0.02 million last March). Bananas were the only major export to see a decline in earnings for the month, with revenues from this commodity falling slightly from $6.9 million in March 2021 to $6.4 million in March 2022.

Increases in imports for the month of March, up nearly $49 million from last year, were particularly striking in the categories of chemical products (up $12 million due to obtaining more fertilizer); mineral fuels, and lubricants (up $11.5 million due to imports of more gasoline fuel at higher prices) and machinery and transport equipment (up $9.3 million, including phone parts and steam sterilizers.

There were also increases in imports of goods for the commercial free-zone; medical supplies, auto parts, furniture, meat seasonings, cured pork tails, and baking powder.

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