What was the Belize trade deficent in 2005?

Answer 1

In 2005, Belize experienced a trade deficit of approximately $203 million USD. This deficit was primarily due to the country's high import levels, which significantly exceeded its export revenues. Key imports included machinery, fuels, and food products, while exports were mainly centered around agricultural goods like sugar and bananas. Overall, the trade imbalance reflected Belize's reliance on foreign goods to meet domestic consumption needs.