Sectors

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.

--ICTCID, 2009

Main Domestic Exports

Domestic exports for the year 2015 totaled $535.3 million. Two of Belize’s major export commodities did well: Sugar was the year’s strongest performer among the major exports, rising by almost one fifth and recording earnings of $24 million more in earnings than it did for the year 2014 for total earnings of $134 million in 2015. Despite challenges in the earlier months of the year, orange concentrate sales experienced a boost in the latter months of 2015, recording total export earnings of $89 million, a mere $1 million shy of earnings for the year 2014.

Source: Statistical Institute of Belize

Export Markets

Sugar was the year’s strongest performer among the major exports, rising by almost one fifth and recording $24 million more in earnings than it did for the year 2014. Despite challenges in the earlier months of the year, orange concentrate sales experienced a boost in the latter months of 2015, recording total export earnings of $89 million, a mere $1 million shy of earnings for the year 2014. Marine and crude petroleum exports both declined notably over the period. The former saw a drop in earnings from $113 million to $88 million, due to a one third reduction in shrimp sales on the export market, while plunging world prices resulted in a 64 percent drop in the country’s crude petroleum earnings from $102 million in 2014 to $36 million for the year 2015.
Source: Statistical Institute of Belize

Source:  Ministry of Trade


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