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Exports to The US Declined In First Quarter
Wed, June 28, 2017

And while exports were up - notably, there was less being exported to the United States - which looks to Belize for Citrus concentrate.  Here’s why:

Tiffany Vasquez - Statistician, SIB
"Domestic exports to the US fell by 10.8 million dollars over the period to 30 million largely due to the drop in orange concentrate sales. On the other hand exports to the EU rose by 12.2 million to 35 million, going to greater exports of sugar, orange concentrate, banana and orange oil to that region in the period January to May 2017. Further earnings from Belize's exports to CARICOM grew 4.3 million to 33 million due mostly to increased revenue from crude petroleum and boosted black eyed peas sales."

Also inflation for the first five months of 2017 was at 1.7% - meaning prices were also 2% higher this year when compared to last.  

We’ll have the breakdown on that tomorrow.

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