Belize

Belize ranked No. 119 in total trade value through April with a total of $116.31 million. Exports totaled $105.01 million and Imports totaled $11.3 million, a surplus of $93.7 million.

U.S. trade with Belize rose to $89.94 million through March

Belize’s trade with the United States rose to $89.94 million through the first three months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 7.78 percent below its total trade during the same time period last year. U.S. exports to Belize decreased 4.23 percent while U.S. imports from Belize fell 32.17 percent. The U.S. surplus with Belize was $73.09 million.

Through March, 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 Int’l Airport; and No. 5 Port of Houston. 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 Miami Int’l Airport No. 4 Low-Valued Imports and Exports and No. 5 Brownsville International Bridges. In the current time period, the top five accounted for 78.04 percent of Belize’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Everglades, Fla. rose 0.16 percent to $37.68 million.
    Exports rose 4.67 percent to $33.45 million. Imports fell 25.23 percent to $4.24 million.
  • Trade with No. 2 Port of Corpus Christi, Texas fell 42.83 percent to $13.35 million.
    Exports fell 42.83 percent to $13.35 million. There were no imports.
  • Trade with No. 3 Low-Valued Imports and Exports fell 2.87 percent to $6.66 million.
    Exports fell 2.87 percent to $6.66 million. There were no imports.
  • Trade with No. 4 Miami Int’l Airport fell 8.81 percent to $6.3 million.
    Exports fell 15.1 percent to $5.43 million. Imports rose 67.91 percent to $878,831.
  • Trade with No. 5 Port of Houston rose 129.39 percent to $6.19 million.
    Exports rose 175.06 percent to $6.14 million. Imports fell 89.89 percent to $47,040.

Belize ranked No. 124 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 124.

Meanwhile, total U.S. trade with the world increased to $964.77 billion, down 4.16 percent compared to the same period last year. The nation’s exports dropped 3.07 percent to $395.69 billion; imports dropped 4.91 percent to $569.09 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 $173.4 billion, down compared to the same period of last year when the deficit was $190.25 billion.

The top five U.S. exports to Belize by value through March were the categories of Gasoline, other fuels; Low value shipments; Passenger vehicles; Medical instruments; and Motorboats and yachts, respectively. They accounted for 41.19 percent of total exports to Belize.

The value of the top five categories of U.S. imports from Belize –– Shrimp, other crustaceans; Mussels, scallops, other mollusks; Fruit and vegetable juices, not fortified; Value added to a returned import; and Wood, sawed or chipped, greater than 6 meters thic –– accounted for 71.08 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 27.95 percent compared to last year to $17.63 million.
  • Low value shipments fell 2.87 percent compared to last year to $6.66 million.
  • Passenger vehicles rose 3.3 percent compared to last year to $3.56 million.
  • Medical instruments rose 620.84 percent compared to last year to $3.41 million.
  • Motorboats and yachts rose 327.77 percent compared to last year to $2.31 million.

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

  • Shrimp, other crustaceans rose 18.08 percent compared to last year to $2.04 million.
  • Mussels, scallops, other mollusks fell 32.82 percent compared to last year to $1.46 million.
  • Fruit and vegetable juices, not fortified fell 18.69 percent compared to last year to $1.03 million.
  • Value added to a returned import fell 46.01 percent compared to last year to $915,736.
  • Wood, sawed or chipped, greater than 6 meters thic rose 822.37 percent compared to last year to $539,248.

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.