By Belize Live News Staff: New data released by the Statistical Institute of Belize is painting a troubling picture for the country’s economy, as imports continue rising while exports decline.
The report shows that Belize imported more than $807 million worth of goods during the first quarter of 2026, representing a significant increase compared to the same period last year. At the same time, exports fell by more than 9 percent.
The decline has been linked to weaker performances in key export industries. Sugar reportedly recorded one of the largest drops in earnings, while cattle exports also fell as export volumes decreased.
Although trade figures can fluctuate seasonally, analysts say the current numbers suggest Belize is underperforming compared to previous years.
If current trends continue, Belize could end 2026 with one of the largest trade deficits in its history.
