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Nov 17, 2015

Imports Down…Exports Up in Third Quarter

The Statistical Institute of Belize has released its trade figures for the third quarter of 2015, showing that the country imported less and exported more. Where imports are concerned, September 2015 saw a one percent drop when compared to September 2014. That has been attributed to a drop in imports to the Commercial Free Zone of clothing, cigarettes, fuel and lubricants. The drop would have been significantly more, but was offset by the increased imports of farming and lab equipment, as well as fertilizers. For the first nine months of the year, one point five billion was spent on imports, up three point one percent or forty-five million over the same period last year. Exports in September 2015 at thirty-six million, saw a dramatic increase of six point eight million, or twenty-three percent over September 2014. The sharp increase is attributed to the fact that there were no sugar exports in September 2014, but citrus and bananas also increased. The biggest drop in major-sector exports was recorded in marine products, which brought in only six million in September 2015, half of what it did in September 2014. That has to do, of course, with the viral infection which has devastated the farm shrimp industry. Viewed over the first nine months of the year, exports were down twelve point five percent, or sixty-two point two million over the same period last year.

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