Agricultural trade flows depend on the interaction between comparative advantage in agriculture, which is determined by climate and resource endowments, and a wide-ranging set of local regional, national and international trade policies.
Main Domestic Exports
Belize’s production sectors can be classified into primary and secondary industries. Agriculture is the traditional engine sector with exports of sugar, citrus and bananas. Between 2000 and 2006 food (mostly sugar, bananas, citrus concentrate, and shrimp) accounted for 84% of total goods exported.
Belize’s main export market is the United States (US). Exports to the US grew by almost 50 percent in 2006. Petroleum exports account for 99 percent of the increase in merchandise trade to the US. Exports to the European Union (EU) of sugar and bananas are traded under the Cotonou Partnership Agreement. The United Kingdom is Belize’s main export market in the EU and imported over 50 percent of Belize’s total sugar exports during 2000 to 2006.