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Ramen noodles see 80 percent increase as imports pass $2 2 billion in 2023; exports hurting

Through October of 2023, Belize imported $2.242 billion of merchandise while exporting $361.5 million, down 17.5 percent or $76.8 million from the same period last year, when exports were valued at $438.3 million. Imports were down only slightly (0.3 percent or $6.8 million) from 2022.

Imports and Exports down

Imports and Exports down
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The Statistical Institute of Belize says Exports are down and Imports are up — Love FM

February 25, 2021                  4 min read          [post-views] The tough economic constraints of the COVID-19 pandemic saw much of the nation’s export markets take a heavy hit last year resulting in severe losses in the nation’s Gross Domestic products. Industries that were affected include the Sugar, Citrus, and Livestock industries. The Statistical Institute of Belize held its first press conference of the year on Wednesday. The virtual presentation was held to discuss the preliminary reports of the country’s three main economic indicators.  The first of the three presentations focused on Gross Domestic Products (GDP) for the fourth quarter of 2020. Statistician Jacqueline Sabal presented the findings.

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