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Traditional exports continue to struggle – sugar, citrus and marine products all down

Posted: Monday, April 22, 2024. 1:35 pm CST.

By Zoila Palma Gonzalez: Data from the Statistical Institute of Belize (SIB) indicate that for February 2024, domestic exports totaled $20.7 million, down by 8.1 percent or $1.8 million when compared to exports for February 2023, which were valued at $22.6 million.

The SIB noted that there was a substantial decline in several key exports for the month of February 2024.

Animal feed revenues dropped sharply, from $4.8 million to $1.5 million, as exported quantities of this commodity fell by almost two-thirds during the month. 

In addition, sugar exports recorded a decrease of $2.1 million, from $4.4 million to $2.3 million, with exported quantities down by 56 percent compared to the same month last year. 

Reduced sales of orange concentrate led to a dip in exports of citrus products, which declined from $3.2 million in February 2023 to $1.1 million in February 2024.

With regards to marine products, there was a $1.1 million decline in revenues from marine products, from $2.6 million to $1.5 million.

 

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