7 News Belize

Imports Decline In October
posted (November 30, 2016)

And the economic picture looks even more depressing when we look at the trade statistics for October – and the ever widening trade imbalance.  Imports were down, but exports were waaay down.  How much?  Try 43%.  And much of the decline in imports had to do with the downturn in exports.  That’s because with lesser activity at the shrimp farms, there was less shrimp feed imported.  Statistician Tiffany Vasquez explained: 

Tiffany Vasquez - Statistician II, SIB
"Imports to the export processing zones experienced the largest drop in imports at 60% falling from 61 million to 40 million with reduced shrimp feed imports accounting for 12 million of that declined. Imports destined for the commercial free zones fell by 6% or 14 million dollars to 246 million due in large part to reduced import of cigarettes, textile material and clothing."

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7 News Belize