Belize’s Imports Fall, Exports Rise in February 2025

The latest report of the Statistical Institute of Belize reported that Belize’s imports went down 4%, while domestic exports had a notable increase of 12.3%.

Total imports for the month were valued at $218.4 million; “this was a decrease of 4 percent or $9.1 million from February 2024, when imports were valued at $227.5 million,” SIB reported.

The sharpest drop occurred in the ‘Mineral Fuels and Lubricants’ category, which fell by $22.3 million, largely due to reduced fuel imports. Meanwhile, ‘Food and Live Animals’ saw a significant increase, rising by $11.2 million, driven by higher imports of orange concentrate and grocery items like coffee and milk.

On the export front, Belize saw a 12.3% increase, with total exports reaching $23.3 million. Sugar was the standout performer, nearly doubling in value to $4.4 million, while marine products like lobsters and conch saw a 77% increase in earnings. Citrus products also grew significantly, up 109% to $2.3 million.

SIB reported that exports of ‘Other’ products, including red kidney beans and pepper sauces, “recorded a significant decline, as earnings fell from $8.4 million in February 2024 to $6.1 million in February 2025.”

In the first two months of 2025, merchandise imports dropped by 7.8%, while exports rose by 7.7%, totalling $40.4 million.