Belize: Major export destinationsEncyclopædia Britannica, Inc.; The service sector of the economy has accounted for the largest share of the GNP since the early 1980s, when it surpassed the agriculture, forestry, and fishing sectors. People queue outside a polling station to cast their vote during the election for a new prime minister, in Benque Viejo del Carmen, Belize November 11, 2020. The crystal-clear sapphire waters are home to colorful tropical fish and several species of reef sharks – ideal for brave divers who love to get up close and personal with sea life. As for orange concentrate exports, that increased by about 44%, from about $316,000 to about $456,000. This page provides forecast and historical data, charts, statistics, news and updates for Belize Exports of Goods. This represented a 29.1 percent or $53.9 million decrease from the same month last year. November 10, 2020. Total domestic exports for the period of January to October 2020 amounted to three hundred and twenty-five million dollars; this was a decrease of nine point nine percent or thirty-five point nine million dollars when compared to exports for the same period last year. Direct access to our calendar releases and historical data. The most recent exports are led by Raw Sugar ($59.6M), Bananas ($37.8M), Fruit Juice ($36M), Non-fillet Frozen Fish ($34.5M), and Gold ($23.4M). Senate - last appointed 11 November 2020 (next appointments in November 2025) House of Representatives - last held on 11 November 2020 (next to be held in November 2025) ... Economy :: Belize. undo Reset visualizations Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. It is bordered by the Atlantic Ocean to the north, French Guiana to the east, Guyana to the west and Brazil to the south. Enter your name and email address below to subscribe to our mailing list. Belize - Belize - Climate: Belize has a subtropical climate, with a well-marked dry season from late February to May and a wet season from June to November that is interrupted from August to September by another dry season. Exports in Belize increased to 32.10 BZ $ Million in August from 29 BZ $ Million in July of 2020. source: Statistical Institute of Belize Exports in Belize averaged 44.04 BZ $ Million from 2005 until 2020, reaching an all time high of 97.57 BZ $ Million in March of 2012 and a record low of 15.70 BZ $ Million in December of 2017. Belize’s gross exports for 2018 amounted to $ 200 million, down 10.5% from $222.8 million in 2017. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. reports that Belize’s merchandise trade deficit is now over seven hundred million dollars – around fifty million less than same period for 2019 – but today that figure shows that total imports are now two and a half times total exports. Sawnwood exports earned only US$2.1 million in 1999, approximately 1.3 percent of total export revenue. According to famed diver Jacques Cousteau, the Great Blue Hole of Belize is one of the most spectacular dive sites on earth. Waste scrap exports doubled, from about $240,000 to about $480,000. Belize (/ b ə ˈ l iː z / ()), formerly known as British Honduras, is a Caribbean country located on the northeastern coast of Central America.Belize is bordered on the northwest by Mexico, on the east by the Caribbean Sea, and on the south and west by Guatemala.It has an area of 22,970 square kilometres (8,867 sq mi) and a population of 408,487 (2019). Explore Visualizations. The most common destination for the exports of Belize are United Kingdom ($98.6M), United States ($79M), Spain ($26.6M), Jamaica ($14.9M), and Ireland ($12.9M). Earnings from sugar dropped by twenty-six point one million dollars that is a decline of almost twenty percent; revenues from crude petroleum fell by eight point one million dollars to four point nine million dollars registering a sixty two percent drop owing to the fact that Belize exported only one bulk shipment in the first ten months of this year, in contrast to shipments in the same period last year.”. By Aaron Humes: 90 of today’s 168 new cases were reported among major municipalities, according to the Ministry of Health and Wellness. This statistic shows the main export partner countries for Belize in 2017. Belize exports for 2017 was $1.01B, a 8.13% increase from 2016. Vegetable/fruit/nut preparations: $25.5 million (10.4%) Mineral fuels including oil: $21.8 million (8.9%) Tobacco, manufactured substitutes: $5.4 million (2.2%) Belize’s top 10 exports accounted for 88.1% of the overall value of its global shipments. The mean temperature in Belize City is about 74 °F (23 °C) in December and 84 °F (29 °C) in July. Belize exports for 2016 was $0.93B, a 7.9% decline from 2015. Page last updated on January 27, 2020 Economy - overview: Tourism is the number one foreign exchange earner in this small economy, followed by exports of sugar, bananas, citrus, marine products, and crude oil. The economy of Belize is a small, essentially private enterprise economy that is based primarily on agriculture, tourism, and services. Moreover, internal demand remained muted, as suggested by significantly lower imports. Turning to external trade, the S.I.B. In October 2020, Belize imported goods valuing $131.4 million. Belize’s economy shrunk by thirteen percent in the third quarter of 2020. The major issues in the campaign leading up to the elections were the pandemic and the economy. Facing elections in 2020, Prime Minister Dean Barrow’s United Democratic Party has been weakened by social unrest and an upsurge in violent crime. Download historical data for 20 million indicators using your browser. Nearly one-half of the labour force and the GNP are sustained by services. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Suriname (/ ˈ sj ʊər ɪ n æ m /, US also /-n ɑː m /, sometimes spelled Surinam), officially known as the Republic of Suriname (Dutch: Republiek Suriname [reːpyˌblik syːriˈnaːmə]), is a country on the northeastern Atlantic coast of South America. The Caribbean country's economy shrank on an annual basis in every quarter from April-June last year through to the second quarter of 2020, the latest period for … PUNTA GORDA, Belize (AP) — After three successive terms in the opposition, Belize’s People’s United Party (PUP) was expected to swear in its leader John Briceno as prime minister Thursday after romping to victory in the country’s general elections. Most farms in Belize are small, less than 20 hectares. reports that imports are down by almost thirty percent and domestic exports are down over five percent in October 2020. GB Research Center from Great Belize Productions Ltd. on Vimeo. With a government strongly invested in tourism, infrastructure, and a business-friendly tax environment, the future looks brighter than ever for the local economy. Special December COVID-19 Relief Fund Replaces Christmas Cheer. The cultivation of newly discovered oil in the town of Spanish Lookout has presented new prospects and problems for this developing nation. Belize … The main exports were sugar and molasses (30%), bananas (18.5%), citrus (15.7%), marine products (10.7%), and crude petroleum (6.3%). Imports in Belize averaged 141.90 BZ $ Million from 2005 until 2020, reaching an all time high of 194.80 BZ $ Million in May of 2014 and a record low of 80.42 BZ $ Million in January of 2005. In 2017, the main export partner of Belize was the United Kingdom, with a share of 33.9 percent in exports… No Preference Given to Neighbors in Purchase of San Pedro Land, The Reformation of the Belize Police Training Academy, David “Dido” Vega Still Critical at Healthcare Partners, Interim DHS, the Sister-in-Law of P.U.P. Belize imports for 2018 was $1.09B, a 1.14% increase from 2017. Read more Belize Coronavirus Cases at 8965.00 Persons, Belize Coronavirus Deaths at 192.00 Persons, Belize Coronavirus Recovered at 4219.00 Persons, Belize GDP Constant Prices at 578.90 BZD Million, Belize Balance of Trade at -111.60 BZ $ Million, Belize Banks Balance Sheet at 3573906.00 USD Million, Belize Central Bank Balance Sheet at 1224612.00 USD Million, Belize Competitiveness Index at 3.52 Points, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week. The S.I.B. Both major political parties pledged to dedicate a lot of resources and energy into “flattening” the curve of coronavirus infections, even as the death toll from COVID-19 continues to rise in Belize. As a consumer country that relies heavily on imports, Belize’s trade imbalance continues to grow. Of all major exports, bananas alone emerged with increased earnings over the ten month period as export revenues dropped for sugar, crude petroleum, citrus and marine products; however, from among other exports, molasses arose with a respectable increase during the period. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system. Posted: Sunday, December 6, 2020. COVID Case #21 Came From Houston With a Negative Rapid Test Mon, June 15, 2020 – Belize now has 21 confirmed cases of COVID 19, after patient 21 appeared in tests done on Saturday night. According to the statistics of CIA FactBook, Belize exported US$1,024 million worth of goods around the world in 2018. In 2017, the main import partner for Belize was the United States with a share of 35.6 percent in all imports. Belize Economic Outlook. Belize Confirms New COVID-19 Case – #21 – But Is Still Winning. Government financing has generally favored large export-producing farms, making it difficult for small farmers to obtain capital for improvements. Imports from January to October this year were valued at one point three billion dollars, while domestic exports stood at three hundred and twenty-five million dollars. Both major political parties pledged to dedicate a lot of resources and energy into “flattening” the curve of coronavirus infections, even as the death toll from COVID-19 continues to rise in Belize. Imports into the commercial free zones dropped by one third or eighty-nine point three million dollars to one hundred and eighty point six million dollars as imports of clothing and handbags decreased sharply over the period. September 4, 2020 Increased production, a weaker local demand and an expected return in demand from major export markets drive Paraguayan beef export forecast … 6:45 pm CST. Belize imports for 2017 was $1.07B, a 1.87% decline from 2016. Minister, Gilbert Swaso is the New Port Authority Commissioner, Consumer Prices Down by 0.5% in October 2020. The Trading Economics Application Programming Interface (API) provides direct access to our data. This statistic shows the main import partners for Belize in 2017. Belize imports for 2016 was $1.09B, a 4.25% decline from 2015. Export partners: US 35.6%, UK 21.5%, Ivory Coast 5.3%, Italy 4.5%, Nigeria 4% Belize has made tremendous strides since gaining full independence in 1981. 2005-2020 Data | 2021-2022 Forecast | Historical | Chart | News. The major issues in the campaign leading up to the elections were the pandemic and the economy. The minerals, fuels and lubricants contributed the most to this decline, falling by almost fifty percent or one hundred and fifteen million dollars to one hundred and thirty-one point two million, as the country imported less fuel and spent less on these imports owing to lower world market prices. Updated November 17, 2019. Belize - Belize News - Channel5Belize.com - Great Belize Productions - Belize Breaking News, Suspected Drug Plane Crash Lands in Southern Belize, Minister Kareem Musa Weighs in on Drug Plane Activity, Police Make Major Weed Bust – 71.8 Pounds, Ministry of National Defence & Border Security Visit San Vicente, Toledo, Bilateral Meetings are held with Guatemala, Taiwan and the OAS Representative. Another Dubious Land Transaction on La Isla Bonita? ... a growing trade deficit and heavy foreign debt burden continue to be major concerns. Imports in Belize increased to 143.70 BZ $ Million in August from 119 BZ $ Million in July of 2020. “For the period, January to October 2020, Belize’s imports were valued at one point three billion dollars – this is a significant twenty point two percent decline or a drop of three hundred and twenty-eight point five million dollars when compared to imports from January to October of 2019 which totaled more than one point six billion dollars. STATISTICAL INSTITUTE OF BELIZE The Statistical Institute of Belize is an autonomous body created to collect, compile, extract, analyze and disseminate official statistics related to demographic, social, environmental, economic and general activities of Belize. Statistician Two of the S.I.B., Tiffany Vasquez says most commodity categories saw reduced imports, including the commercial free zone which was down by fifty percent. Tourism is the number one foreign exchange earner in this small economy, followed by exports of sugar, bananas, citrus, marine products, and crude oil. The economy collapsed in the second quarter, pummeled by the Covid-19 pandemic and related restrictions. Family! Exports of Goods for Belize from International Monetary Fund (IMF) for the International Monetary Fund - Balance of Payments (BOP) release. Belize imports for 2019 was $1.09B, a 0.45% increase from 2018. Dec 9, 2020 Belize’s Economy Declines by 13.1% for Third Quarter of 2020. Turning to Q3, economic activity likely remained subdued by a weak tourism sector. Agriculture in Belize is the most critical industry in the overall economy and employs well over one-third of the country's labor force, and in 1999 the industry accounted for approximately 22% of the country's GDP and approximately 60% of all export revenues. Belize exports for 2018 was $1.08B, a 6.94% increase from 2017. Publish your articles and forecasts in our website. Total domestic exports for the period of January to October 2020 amounted to three hundred and twenty-five million dollars; this was a decrease of nine point nine percent or thirty-five point nine million dollars when compared to exports for the same period last year. Exports of corn from Belize to Guatemala were valued at roughly $1.5 million, an increase of 124% over the previous year, when exports were valued at roughly $684,000. 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