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SIB STATS

Covid-19 endemic causes decreases in import statistics

Amid the Covid-19 pandemic and global economic crisis, the latest figures out on Belize’s imports indicate that there has been a decrease of thirty nine point seven percent when compared to the same period in 2019.  This percentage is equivalent to sixty seven point three million dollars. 

Amid the Covid-19 pandemic and global economic crisis, the latest figures out on Belize’s imports indicate that there has been a decrease of thirty nine point seven percent when compared to the same period in 2019.  This percentage is equivalent to sixty seven point three million dollars.    According to the Statistical Institute of Belize (SIB) the most significant decreases were recorded in the categories of “Machinery and Transport Equipment,” “Mineral Fuels and Lubricants” and “Commercial Free Zones.” In terms of Domestic Exports, a decrease of zero point eight percent or zero point three million dollars was recorded for the month of May. The only major export that recorded a decrease was marine exports. That fell by one point six million dollars as the month of May saw no exports of conch and significantly diminished sales of shrimp when compared to May 2019. Other noteworthy decreases were observed with animal feed, and sawn wood. Increases were seen with sugar, citrus products, and bananas. Revenues from sugar rose by $1.7 million as prices for this product, particularly on the European market, were better than they were in May 2019. Earnings from citrus products increased from nearly $4 million to $5.6 million, due mainly to greater exports of grapefruit concentrate, orange concentrate and orange oil, while revenues from bananas went up from $6.6 million in May 2019 to a little over $7 million in May 2020.