Belize+Market+Overview

**Does Belize have a trade surplus or a trade deficit?**

 * -** Belize has a trade deficit as of September 2009. They have a $312.15 million dollar deficit. Their gross imports in September of 2009 were 502.47 million dollars, and only 190.32 million dollars worth of exports. They are a consumer nation, and they rely heavily on imports.

**Who does Belize trade with?**
- Due to the fact that Belize is a CARICOM member, they have free trade with countries including Canada, Columbia, Costa Rica, Cuba, Dominican Republic, and Venezuela. They also trade with the U.S. and most of the Caribbean nations. The United States is their biggest trade partner, and they help stimulate the Belize economy greatly. Many of the items we buy here are from Belize.



What are the major services/products of Belize?
- The greatest service of Belize is tourism. There are many tourist spots throughout Belize, and it is their biggest source of revenue. Their biggest products are petroleum, sugar, citrus, bananas, marine products, and papaya. Sugar was their second greatest export in 2009, bringing in $ 44.51 million.Petroleum was their third largest export that year, bringing in $40.95 million. Belize had the same amount of petroleum being sold in 2009 as 2008, but the lower crude oil costs in 2009 caused petroleum to not be as much of an export factor.

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** Citations: **
Eagle Image: http://www.firstnetsource.com/american_flag_graphic/large_images/flag_07.jpg Belize Flag Image: http://www.baiganchoka.com/ blog/wp-content/uploads/2010/ 09/belize-flag.png Oil Rig Image: [] Beach Image: [] Information for questions: http://eschool. franklinregional.k12.pa.us/ moodle/mod/resource/view.php? inpopup=true&id=9955 Sugar Image: http://brooklynimbecile.files. wordpress.com/2010/03/refined_ sugar-137163701.jpg