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Belize

Belize ranked No. 122 in total trade value through August with a total of $301.56 million. Exports totaled $260.12 million and Imports totaled $41.44 million, a surplus of $218.69 million.

January – August 2019

Top Trading Ports

Total Trade: $301.56 million

RankPortTotal YTD
1Port Everglades, Fla. $102,620,628
2Port of Corpus Christi, Texas $82,770,914
3Low-Valued Imports and Exports $21,288,471
4Miami International Airport $15,768,660
5Brownsville International Bridges $12,259,392
6Port of Houston $11,553,569
7Port Miami $10,876,804
8Port of Baltimore, Md. $6,490,737
9Port of Southern Louisiana, Gramercy, St. James Parish $6,400,506
10Port of New York $5,678,270

U.S. trade with Belize rose to $301.56 million through August

Belize’s trade with the United States rose to $301.56 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 32.04 percent below its total trade during the same time period last year. U.S. exports to Belize increased 10.55 percent while U.S. imports from Belize fell 80.12 percent. The U.S. surplus with Belize was $218.69 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Everglades, Fla.; No. 2 Port of Corpus Christi, Texas; No. 3 Low-Valued Imports and Exports; No. 4 Miami International Airport; and No. 5 Brownsville International Bridges. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port Everglades, Fla. No. 3 Port of Houston No. 4 Port of Corpus Christi, Texas and No. 5 Low-Valued Imports and Exports. In the current time period, the top five accounted for 77.83 percent of Belize’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. rose 3.1 percent to $102.62 million.
    Exports rose 11.59 percent to $88.57 million. Imports fell 30.32 percent to $14.05 million.
  • Trade with No. 2 Port of Corpus Christi, Texas rose 119.15 percent to $82.77 million.
    Exports rose 119.15 percent to $82.77 million. There were no imports.
  • Trade with No. 3 Low-Valued Imports and Exports fell 10.65 percent to $21.29 million.
    Exports fell 10.65 percent to $21.29 million. There were no imports.
  • Trade with No. 4 Miami International Airport rose 12.66 percent to $15.77 million.
    Exports rose 9.84 percent to $14.44 million. Imports rose 56.22 percent to $1.33 million.
  • Trade with No. 5 Brownsville International Bridges rose 39.22 percent to $12.26 million.
    Exports rose 39.22 percent to $12.26 million. There were no imports.

Belize ranked No. 122 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 108.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Belize by value through August were the categories of Gasoline, other fuels; Low value shipments; Motor vehicles for transporting people; Civilian aircraft, parts; and Sauces and preparations; mixed condiments, respectively. They accounted for 49.14 percent of total exports to Belize.

The value of the top five categories of U.S. imports from Belize –– Oil; Cane, beet sugar, solid form; Shrimp, other crustaceans; Value added to a returned import; and Molasses from sugar –– accounted for 67.96 percent of all inbound shipments.

Looking more closely at U.S. exports to Belize:

  • Gasoline, other fuels rose 14.91 percent compared to last year to $85.87 million.
  • Low value shipments fell 10.65 percent compared to last year to $21.29 million.
  • Motor vehicles for transporting people rose 17.59 percent compared to last year to $10.38 million.
  • Civilian aircraft, parts rose 368.23 percent compared to last year to $5.84 million.
  • Sauces and preparations; mixed condiments rose 77.85 percent compared to last year to $4.45 million.

Looking more closely at U.S. imports from Belize:

  • Oil fell 26.78 percent compared to last year to $6.4 million.
  • Cane, beet sugar, solid form rose 7.98 percent compared to last year to $6.28 million.
  • Shrimp, other crustaceans rose 18.6 percent compared to last year to $5.54 million.
  • Value added to a returned import fell 96.93 percent compared to last year to $5.11 million.
  • Molasses from sugar rose 18.49 percent compared to last year to $4.82 million.

In the latest annual figures available, Belize recorded $571.72 million in trade with the United States. At year’s end, its were New York City; Miami; Houston; Low Value Shipments; and Laredo. Total U.S. exports to Belize were $ 294.89 million and imports from Belize were $276.83 million. The U.S. surplus with Belize was $18.06 million.