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.

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