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Belize

Belize ranked No. 128 in total trade value through February with a total of $58.25 million. Exports totaled $50.18 million and Imports totaled $8.07 million, a surplus of $42.1 million.

January – February 2019

Top Trading Ports

Total Trade: $58.25 million

RankPortTotal YTD
1Port Everglades, Fla. $23,990,617
2Port of Corpus Christi, Texas $12,853,172
3Low-Valued Imports and Exports $4,181,248
4Miami International Airport $3,295,375
5Port of Southern Louisiana, Gramercy, St. James Parish $2,981,456
6Brownsville International Bridges $2,287,270
7Port Miami $1,999,936
8Port of Houston $1,519,598
9Port of Tampa, Fla. $1,385,528
10Port of San Juan, Puerto Rico $651,368

U.S. trade with Belize rose to $58.25 million through February

Belize’s trade with the United States rose to $58.25 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 13.82 percent above its total trade during the same time period last year. Belize’s exports increased 6.48 percent while imports rose 98.99 percent. The U.S. surplus with Belize was $42.1 million.

Through February, 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 Port of Southern Louisiana, Gramercy, St. James Parish. During the same period the previous year, the top five 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 International Airport. In the current time period, the top five accounted for 81.21 percent of Belize’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. rose 22.85 percent to $23.99 million.
    Exports rose 23.01 percent to $20.67 million. Imports rose 21.86 percent to $3.32 million.
  • Trade with No. 2 Port of Corpus Christi, Texas rose 74.16 percent to $12.85 million.
    Exports rose 74.16 percent to $12.85 million. There were no imports.
  • Trade with No. 3 Low-Valued Imports and Exports rose 6.04 percent to $4.18 million.
    Exports rose 6.04 percent to $4.18 million. There were no imports.
  • Trade with No. 4 Miami International Airport rose 20.17 percent to $3.3 million.
    Exports rose 10.21 percent to $2.81 million. Imports rose 149.48 percent to $489,247.
  • Trade with No. 5 Port of Southern Louisiana, Gramercy, St. James Parish totaled $2.98 million.
    There were no exports. Imports totaled $2.98 million.

Belize ranked No. 128 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 134.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Belize by value through February were the categories of Gasoline, other fuels; Low value shipments; Motor vehicles for transporting people; Misc. mineral or chemical fertilizers; and Sauces and preparations; mixed condiments, respectively. They accounted for 44.34 percent of total exports to Belize.

The value of the top five categories of U.S. imports from Belize –– Oil; Shrimp, other crustaceans; Mussels, scallops, other mollusks; Value added to a returned import; and Hydraulic turbines, parts –– accounted for 86.93 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 6.3 percent compared to last year to $13.5 million.
  • Low value shipments rose 6.04 percent compared to last year to $4.18 million.
  • Motor vehicles for transporting people fell 14.23 percent compared to last year to $2.14 million.
  • Misc. mineral or chemical fertilizers rose 16900 percent compared to last year to $1.39 million.
  • Sauces and preparations; mixed condiments rose 86.7 percent compared to last year to $1.05 million.

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

  • Oil totaled $2.98 million. The previous year, there were no imports in this category.
  • Shrimp, other crustaceans rose 66.01 percent compared to last year to $1.44 million.
  • Mussels, scallops, other mollusks rose 225.19 percent compared to last year to $1.31 million.
  • Value added to a returned import fell 39.12 percent compared to last year to $933,067.
  • Hydraulic turbines, parts totaled $349,952. The previous year, there were no imports in this category.

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.