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Tuesday, 05 April 2016

Belize exports to US, EU and CARICOM fall by $27 million since January

Belize’s exports, which fell by almost $80 million in 2015, continued to slide in the first two months of 2016, according to information just released by the Statistical Institute of Belize. Tiffany Vasquez, Statistician II, reported on Belize’s external trade in merchandise at a press conference held today. She noted that in January and February of 2016, Belize exported goods totaling $52.5 million—a decrease of 37.9% or $32 million from the $84.5 million recorded for the same period last year. Exports of all of Belize’s major commodities fell in January and February, with sales to the US falling by $7 million and to the European Union by $15 million, while exports to CARICOM fell by $5 million. The US and the EU buy almost three-fourths of Belize’s exports. “Marine sales suffered the sharpest drop from $22 million to $7 million, resulting in a loss in earnings of over two thirds compared to the same two months in 2015. Additionally, papayas, while having less of an impact on overall export earnings, recorded a sharp decline in sales for the first two months of the year,” a bulletin from the SIB said.

Source: amandala.com.bz