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

Posted: Monday, April 22, 2024. 2:14 pm CST.

By Zoila Palma Gonzalez: Data from the Statistical Institute of Belize (SIB) noted that total imports for the month of February 2024 were valued at $227.5 million. 

This represented a 13.7 percent or $27.5 million rise from February 2023, when imports were valued at $200 million.

According to the SIB, increases were recorded in ‘Machinery and Transport Equipment’, ‘Mineral Fuels and Lubricants’, and ‘Other Manufactures’. 

The SIB noted that driven by increased imports of agricultural machinery, the category of ‘Machinery and Transport Equipment’ was up considerably, rising by $18.8 million from $34.9 million in February 2023 to $53.7 million in February 2024.

However, there was a decline in goods destined for the ‘Commercial Free Zones’.

This category recorded a drop of almost 12 percent or $6.8 million, from $57.8 million in 2023 to $51.1 million in 2024, due to decreased purchases of fans, cigarettes, and handbags.

 

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