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 $913.2 million.
What is the largest industry in Belize?
# 2 Major Industries
Agriculture is the # 1 industry in Belize, contributing 20% of GDP and employing about 25% of the labor force. The main crops are sugar cane, bananas, citrus and corn. Tourism is the # 2 industry, representing about 17% of GDP.
What are countries Belize export to?
Belize Product Exports by country
In 2019, the top partner countries to which Belize Exports All Products include United Kingdom, United States, Ireland, Jamaica and Trinidad and Tobago.
Does Belize import or export more?
Belize Consumer goods exports are worth US$ 69 million, product share of 28.28%. Belize Consumer goods imports are worth US$ 633 million, product share of 64.22%.
How can Belize get richer?
English remains the country’s dominant language, especially since tourism has become the fastest growing source of income for Belize. … Tourism is the number one foreign exchange earner in this small economy, followed by exports of sugar, bananas, citrus, marine products, and crude oil.
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.
Where does Belize export banana?
Exports bananas to the UK , purchased by Fyffes PLC. Ensure marketing and accounts management with buyers exclusively to Fyffes PLC. Recommends quality production standards and gives agronomic advice to farmers.