The main exports were sugar and molasses (30%), bananas (18.5%), citrus (15.7%), marine products (10.7%), and crude petroleum (6.3%). As a consumer country that relies heavily on imports, Belize’s trade imbalance continues to grow. Belize’s gross imports for 2018 totaled $957.7 million, up from 2017’s $913.2 million.

What are some imports and exports of Belize?

The main exports are sugar, bananas, citrus, clothing, fish products, molasses, wood and crude oil; and the main imports are machinery and transport equipment, manufactured goods, fuels, chemicals, pharmaceuticals, food, beverages, and tobacco. The Belize Customs and Excise Department administers customs revenue.

Is Belize a poor or rich country?

Belize is considered an upper-middle-income country with a GDP per capita of $4,806.50. Despite this, a 2009 study revealed that 41.3 percent of the population of Belize lives at or below the poverty line. The main at-risk group in Belize is the children. In 2016, 49 percent of the children in Belize lived in poverty.

Which country does Belize export the most?

United Kingdom
The most common destination for the exports of Belize are United Kingdom ($84.5M), United States ($75.1M), Spain ($17.9M), Jamaica ($16.5M), and Ireland ($15.9M).

What are the major imports and exports of Belize?

Top Products Imported by Belize Rank Product Trade Value (thousands) Share (%) Growth (% 5yr) 1 Non Crude Oil 64,536 4.35 588.34 2 Animal Feed 19,610 1.32 184.53 3 Misc Mineral & Chemcial Fertilizers 19,507 1.31 1,284.19 4 Vessels For Transport 13,325 0.90 -29.37

What was the GDP of Belize in 2018?

In 2018, this sector continued to face challenges including diseases that reduced production of citrus fruits and shrimp as well as diminished prices for sugar in the European market. Belize’s gross exports for 2018 amounted to $200 million, down 10.5% from $222.8 million in 2017.

Who is the largest trading partner of Belize?

For 2018, the United States remained Belize’s lead trading partner. The United States remained the Belize’s largest importing partner, accounting for 42.5% of overall imports. On the other hand, it is Belize’s second largest export destination after the United Kingdom, with 23% of exports or $45.3 million.

How much meat does Belize produce per year?

Belize has made significant strides in rearing livestock and has made the country self-sufficient in poultry products and fresh meat. By 1999, the country produced about 3.3 million pounds of beef and about 1.9 million pounds of pork and most of these outputs were exported mainly to Guatemala and Honduras.