Belize is importing more products with machinery, transport equipment among most imported

Published by BBNTEAM at September 22, 2023

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Posted: Friday, September 22, 2023. 9:37 am CST.

By Zoila Palma Gonzalez: Data from the Statistical Institute of Belize (SIB) noted that total imports for the month of July 2023 were valued at $226.9 million.

This was an increase of 6.9 percent or $14.7 million from imports for July 2022, which totaled $212.2 million.

For the category of ‘Machinery and Transport Equipment’, imports rose by $19.9 million or 6.5 percent, from $306.6 million during the first seven months of 2022 to $326.5 million in the first seven months of 2023, on account of greater imports of aviation equipment, four-cylinder vehicles, and pumps.

In addition, SIB recorded increased imports of goods such as orange concentrate, condensed milk, and instant noodles led to a $15.7 million or 9.9 percent rise in the ‘Food and Live Animals’ category during the period, from $158.3 million in 2022 to $174 million in 2023.

Importation of plastic bottles, food containers, and printed materials such as banners and tickets contributed an $11.2 million or 10.7 percent growth in the ‘Other Manufactures’ category, from $104.2 million to $115.4 million.

Belizeans are also importing more crude materials with an increase of $4.7 million, from $22.3 million in 2022 to $27 million in 2023, the result of a boost in imports of treated pine lumber.

At the Commercial Free Zone, imports rose by a little over $2 million for the first seven months of the year, from $203.8 million in 2022 to $205.8 million in 2023, reflecting increased purchases of fans, clothing, and footwear.

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