Exports To Bounce Back In 2010

Belize's main exports were 25.8% lower in January to August 2009 than during the same period in 2008. The fall was led by a 59.6% contraction in the value of petroleum exports over the same period, a figure which reflects the impact of the decline in oil prices since mid-2008. However, the decline in petroleum receipts masks the strong growth seen in sugar, the country's second most important commodity, exports of which grew 26.1% year-on-year in the January to August period. Gross imports, meanwhile, also contracted significantly, with H109 data recording a 23.6% y-o-y contraction.

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