Belize

Belize ranked No. 114 in total trade value through June with a total of $204.73 million. Exports totaled $185.69 million and Imports totaled $19.04 million, a surplus of $166.64 million.

U.S. trade with Belize rose to $204.73 million through June

Belize’s trade with the United States rose to $204.73 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 10.05 percent below its total trade during the same time period last year. U.S. exports to Belize decreased 7.03 percent while U.S. imports from Belize fell 31.71 percent. The U.S. surplus with Belize was $166.64 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Everglades, Fla.; No. 2 Port of Houston; No. 3 Port of Corpus Christi, Texas; No. 4 Low-Valued Imports and Exports; and No. 5 Miami Int’l Airport. During the same period the previous year, the top five were No. 1 Port Everglades, Fla.; No. 2 Port of Corpus Christi, Texas; No. 3 Low-Valued Imports and Exports; No. 4 Miami Int’l Airport and No. 5 Brownsville International Bridges. In the current time period, the top five accounted for 83.07 percent of Belize’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. fell 10.37 percent to $67.04 million.
    Exports fell 7.49 percent to $59.81 million. Imports fell 28.71 percent to $7.24 million.
  • Trade with No. 2 Port of Houston rose 503.9 percent to $50.88 million.
    Exports rose 905.12 percent to $46.4 million. Imports rose 17.49 percent to $4.47 million.
  • Trade with No. 3 Port of Corpus Christi, Texas fell 59.25 percent to $27.37 million.
    Exports fell 59.25 percent to $27.37 million. There were no imports.
  • Trade with No. 4 Low-Valued Imports and Exports fell 5.18 percent to $15.48 million.
    Exports fell 5.18 percent to $15.48 million. There were no imports.
  • Trade with No. 5 Miami Int’l Airport fell 14.48 percent to $9.29 million.
    Exports fell 19.49 percent to $7.99 million. Imports rose 38.54 percent to $1.3 million.

Belize ranked No. 114 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 123.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Belize by value through June were the categories of Gasoline, other fuels; Ethers, ether-alcohols, alcohol peroxides etc.; Low value shipments; Medical instruments; and Passenger vehicles, respectively. They accounted for 51.3 percent of total exports to Belize.

The value of the top five categories of U.S. imports from Belize –– Molasses from sugar; Shrimp, other crustaceans; Fruit and vegetable juices, not fortified; Mussels, scallops, other mollusks; and Returned exports, without change –– accounted for 69.05 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 40.06 percent compared to last year to $41.6 million.
  • Ethers, ether-alcohols, alcohol peroxides etc. totaled $30 million. The previous year, there were no exports in this category.
  • Low value shipments fell 5.18 percent compared to last year to $15.48 million.
  • Medical instruments rose 189.24 percent compared to last year to $4.15 million.
  • Passenger vehicles fell 43.04 percent compared to last year to $4.03 million.

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

  • Molasses from sugar rose 44.08 percent compared to last year to $4.77 million.
  • Shrimp, other crustaceans rose 13.9 percent compared to last year to $2.58 million.
  • Fruit and vegetable juices, not fortified fell 3.22 percent compared to last year to $2.56 million.
  • Mussels, scallops, other mollusks fell 50.46 percent compared to last year to $1.73 million.
  • Returned exports, without change fell 61.68 percent compared to last year to $1.51 million.

In the latest annual figures available, Belize recorded $450.2 million in trade with the United States. Total U.S. exports to Belize were $ 393.1 million and imports from Belize were $57.1 million. The U.S. surplus with Belize was $336 million.