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Imports up 15.6%, Domestic Exports up 44.1% for July

During the month of July 2019, imported goods were up by 15.6 percent, a total value of $191.4 million from $165.6 million imported in July 2018. For the first seven months of 2019, merchandise imports amounted to $1.1 billion, increasing by 3.9 percent or  $43 million from the same period last year. Tiffany Vasquez, Statistician II of the Statistical Institute of Belize gave a breakdown of the different categories of imports.
Tiffany Vaquez, Statistician: “Food imports which made up 12% of all imports grew by $4.3 million dollars to $134.6 million over the seven month period attributable to increased purchases across a variety of grocery items including lard or shortening and milk both powdered and boxed. Greater purchases across most commodity categories led to the growth in total imports over the seven month period. The minimum fuels and lubricants category which accounted for 16% of total imports rose most significantly by $22.6 million dollars to almost  $181 million owing largely to increased imported quantities of both diesel and kerosene fuels.”
On the other hand, domestic exports was up by 44.1 percent or $14.1 million for July 2019, when compared to July 2018, which stood at $31.9 million. For the first seven months of 2019, exports stood at $252.5 million, down by 1.5 percent or $3.8 million for the same period in 2018.  Tiffany Vasquez, Statistician II of the Statistical Institute of Belize gave a breakdown of the different categories of exports.
Tiffany Vaquez, Statistician: “Food imports which made up 12% of all imports grew by $4.3 million dollars to $134.6 million over the seven month period attributable to increased purchases across a variety of grocery items including lard or shortening and milk both powdered and boxed. Greater purchases across most commodity categories led to the growth in total imports over the seven month period. The minimum fuels and lubricants category which accounted for 16% of total imports rose most significantly by $22.6 million dollars to almost  $181 million owing largely to increased imported quantities of both diesel and kerosene fuels.”
The United Kingdom accounted for Belize’s primary export market followed by CARICOM for the month of July.