The Statistical Institute of Belize is reporting that in March Belize's imports were down 1.2 percent, while domestic exports were down significantly by 54.4 percent from March of 2018.
The SIB reports that this substantial decline in export earnings "was due for the most part to significant reductions in exported quantities of sugar, owing to varying schedules for the shipment of bulk sugar from one year to the next." The month saw improved earnings from both bananas and marine products. In fact, for the first three months of the year, Earnings from bananas went up by 26 percent while better sales across all marine products, but conch in particular, led to a $2.7 million increase in revenues from marine exports, rising from $7.6 million to $10.3 million.
The Statistical Institute of Belize is reporting that in March Belize's imports were down 1.2 percent, while domestic exports were down significantly by 54.4 percent from March of 2018.