In 2016, Belize major trading partner countries for exports were United States, United Kingdom, Jamaica, Netherlands and Ireland and for imports they were United States, China, Mexico, Curaçao and Guatemala.
Which country does Belize trade with the most?
A synopsis of Belize’s export trade markets in 2019 indicates the UK and the US have absorbed about 57% of Belize’s goods. Traditionally, these two markets are, and continue to be, the most significant import trade partners for Belize.
Where does Belize export to?
Belize Product Exports by country
In 2019, the top partner countries to which Belize Exports All Products include United Kingdom, United States, Ireland, Jamaica and Trinidad and Tobago.
What are Belize main imports?
The country’s main exports are seafood, sugar, citrus products, bananas, and clothing, and its chief imports include machinery and transport equipment, food, fuels and lubricants, and chemicals. Since the 1990s, Belize has had a substantial trade deficit in goods.
What are the imports and exports of Belize?
The main exports are sugar, bananas, citrus, clothing, fish products, molasses, wood and crude oil; and the main imports are machinery and transport equipment, manufactured goods, fuels, chemicals, pharmaceuticals, food, beverages, and tobacco. The Belize Customs and Excise Department administers customs revenue.
What do other countries get from Belize?
Economy of Belize
|Exports||$633 million (2013 est.)|
|Export goods||Sugar, bananas, citrus, clothing, fish products, molasses, wood, crude oil|
|Main export partners||United Kingdom 30.8% United States 18.7% Nigeria 6.7% Trinidad and Tobago 4.8% Jamaica 4.2% Bahamas 4.2% (2015)|
What does Belize export to USA?
The main exports were sugar and molasses (30%), bananas (18.5%), citrus (15.7%), marine products (10.7%), and crude petroleum (6.3%). As a consumer country that relies heavily on imports, Belize’s trade imbalance continues to grow. Belize’s gross imports for 2018 totaled $957.7 million, up from 2017’s $913.2 million.
Why is Belize a mixed economy?
Belize has a mixed economic system which includes a private-enterprise system, combined with centralized economic planning and government regulation. Belize is a member of the Caribbean Community (CARICOM).