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Belize

Belize ranked No. 112 in total trade value through October with a total of $530.12 million. Exports totaled $310.32 million and Imports totaled $219.8 million, a surplus of $90.53 million.

January – October 2018

Top Trading Ports

Total Trade: $530.12 million

RankPortTotal YTD
1John F. Kennedy International Airport $161,731,423
2Port Everglades, Fla. $124,212,839
3Port of Corpus Christi, Texas $54,420,861
4Port of Houston $51,375,592
5Low-Valued Imports and Exports $29,294,376
6Miami International Airport $16,189,954
7Brownsville International Bridges $13,606,318
8Port of New York $13,066,466
9Port of Southern Louisiana, Gramercy, St. James Parish $12,929,799
10Port Miami $10,957,660

U.S. trade with Belize rose to $530.12 million through October

Belize’s trade with the United States rose to $530.12 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 41.47 percent above its total trade during the same time period last year. Belize’s exports increased 27.96 percent while imports rose 66.24 percent. The U.S. surplus with Belize was $90.53 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port Everglades, Fla.; No. 3 Port of Corpus Christi, Texas; No. 4 Port of Houston; and No. 5 Low-Valued Imports and Exports. During the same period the previous year, the top five were No. 1 Port Everglades, Fla. No. 2 John F. Kennedy International Airport No. 3 Port of Houston No. 4 Low-Valued Imports and Exports and No. 5 Brownsville International Bridges. In the current time period, the top five accounted for 79.42 percent of Belize’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 118.65 percent to $161.73 million.
    Exports rose 190.78 percent to $217,024. Imports rose 118.57 percent to $161.51 million.
  • Trade with No. 2 Port Everglades, Fla. rose 6.15 percent to $124.21 million.
    Exports rose 12.2 percent to $101.32 million. Imports fell 14.29 percent to $22.9 million.
  • Trade with No. 3 Port of Corpus Christi, Texas rose 313.2 percent to $54.42 million.
    Exports rose 313.2 percent to $54.42 million. There were no imports.
  • Trade with No. 4 Port of Houston fell 7.28 percent to $51.38 million.
    Exports rose 1.28 percent to $48.11 million. Imports fell 58.7 percent to $3.26 million.
  • Trade with No. 5 Low-Valued Imports and Exports rose 50.78 percent to $29.29 million.
    Exports rose 50.78 percent to $29.29 million. There were no imports.

Belize ranked No. 112 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 117.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Belize by value through October were the categories of Gasoline, other fuels; Low value shipments; Civilian aircraft, parts; Motor vehicles for transporting people; and Cell phones, related equipment, respectively. They accounted for 49.21 percent of total exports to Belize.

The value of the top five categories of U.S. imports from Belize –– Value added to a returned import; Oil; Fruit and vegetable juices, not fortified; Shrimp, other crustaceans; and Cane, beet sugar, solid form –– accounted for 91.79 percent of all inbound shipments.

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

  • Gasoline, other fuels rose 72.92 percent compared to last year to $96.13 million.
  • Low value shipments rose 50.78 percent compared to last year to $29.29 million.
  • Civilian aircraft, parts rose 79.03 percent compared to last year to $11.24 million.
  • Motor vehicles for transporting people rose 13.66 percent compared to last year to $10.88 million.
  • Cell phones, related equipment rose 85.36 percent compared to last year to $5.18 million.

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

  • Value added to a returned import rose 105.99 percent compared to last year to $168.55 million.
  • Oil rose 147.55 percent compared to last year to $12.93 million.
  • Fruit and vegetable juices, not fortified rose 2.54 percent compared to last year to $7.71 million.
  • Shrimp, other crustaceans rose 1.67 percent compared to last year to $6.75 million.
  • Cane, beet sugar, solid form fell 36.72 percent compared to last year to $5.82 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.