Belize’s Imports Rise While Exports Decline, According to SIB

Belize’s Imports Rise While Exports Decline, According to SIB

The SIB says that the country’s imports are up, but its overall exports are down. The SIB’s numbers act as a measuring stick for the country’s economy and provide insight into the country’s performance. Statistician Tiffany Vasquez presented Belize’s merchandise trade statistics for January to August this year and compared them to last year. She explained that Belize’s imports increased by 1.2 percent or 21.9 million dollars. 

Vasquez explained that for the first three quarters of this year, domestic exports amounted to 311.4 million dollars, which is a 32.6-million-dollar decrease. The SIB says that the decrease was attributed to drops in the exports of key commodities. 

Tourist arrivals, both cruise ship and overnight travelers, increased for the first quarter of 2023.

Related post

Jamie-Lee Usher Denies Interest in Belize City Administrator Seat Amid Erroneous Reports

Jamie-Lee Usher Denies Interest in Belize City Administrator Seat…

An article published on Hot off the Press earlier today has named Jamie-Lee Usher as one of the persons aspiring for…
Belize City Council and Christian Workers Union Stalled in Collective Bargaining Agreement Talks

Belize City Council and Christian Workers Union Stalled in…

Despite months of negotiations, the Belize City Council and the Christian Workers Union are yet to strike a collective bargaining agreement…
Anthony Boots Martinez’s Recall Petition Falls Short by 96 Signatures in Port Loyola

Anthony Boots Martinez’s Recall Petition Falls Short by 96…

96 signatures – that is the amount that Anthony Boots Martinez would have needed to successfully push his recall petition through. …

Leave a Reply

Your email address will not be published. Required fields are marked *