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Imports down 29%, Domestic Exports Down 20.4% in November 2020 #547192
12/30/20 03:22 PM
12/30/20 03:22 PM
Joined: Oct 1999
Posts: 77,176
oregon, spr
Marty Offline OP

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Marty  Offline OP
Merchandise Trade

The Statistical Institute of Belize’s latest figures for Belize’s total imports for the month of November 2020 were valued at $128.4 million. This represented a 29 percent or $52.5 million decrease from the same month in 2019 when imports totalled $180.8 million. Merchandise imports for the first eleven months, January to November 2020, amounted to $1.4 billion, representing a 21.1 percent or $381 million decrease from the same period last year, where imports totaled $1.8 billion.

Total domestic exports for November 2020 amounted to $21.5 million, down by 20.4 percent or $5.5 million when compared to exports for November 2019, which were valued at just over $27 million. Merchandise exports for the period January to November 2020 totaled $346.5 million, down 10.7 percent or $41.4 million from the same period last year.

Click the following link to read more: External Trade, November 2020


Re: Imports down 29%, Domestic Exports Down 20.4% in November 2020 [Re: Marty] #547199
12/31/20 04:52 AM
12/31/20 04:52 AM
Joined: Oct 1999
Posts: 77,176
oregon, spr
Marty Offline OP

.
Marty  Offline OP
In Slowed Economy, Exports and Imports Decrease

COVID numbers aren't the only ones decreasing, as imports and exports were down last month. Imports saw a decrease of 52.5 million dollars, or 29%.
Imports fell across almost all commodity categories, with the 'Mineral Fuels and Lubricants' and 'Commercial Free Zones' categories recording the steepest declines compared to November of last year.

'Beverages and Tobacco' was the only category to have seen an increase in the month. A spike in imports of mainly beer led to a growth of $4 million, as imports within that category more than doubled from $3.2 million in November 2019 to $7.2 million in November 2020.

Domestic exports went down 5.5 million dollars, or 20.4%. Earnings from marine products declined significantly by almost two thirds, which was by far the largest decrease observed among export commodities during the month. Earnings from citrus products fell, although only slightly, from $3.6 million to a little over $3 million, due to smaller exports of grapefruit concentrate.

Both sugar and bananas saw modest increases in earnings in November. Revenues from sugar went up from $2 million in November 2019 to $3.1 million in November 2020, while earnings from bananas grew from $7.3 million to almost $8 million.

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