CARICOM Single Market

From 2011 to 2013, Belize enjoyed a trade surplus with the Caribbean Community and Common Market (CARICOM) region which has a population of 14 million people, but in 2014 and 2015, this surplus was eliminated with imports surpassing exports for both years.

In 2015, within the CARICOM region, Belize’s top five exporting partners are:

  • Trinidad and Tobago
  • Jamaica
  • Guyana
  • Barbados
  • Suriname
  • Saint Lucia

Belize’s Exports to CARICOM

  • Orange Juice – 47% of total exports to CARICOM
  • Animal feed – 9% of total exports to CARICOM
  • Shrimps and Prawns – 8% of total exports to CARICOM
  • Red kidney beans – 8% of total exports to CARICOM
  • Other Sugar – 6% of total exports to CARICOM
  • Groats and meal of maize – 5% of total exports to CARICOM
  • Other products include black eye peas, other beans, frozen and grape juice, pineapple, toilet paper, lobster, and fish.

Belize’s Imports from CARICOM

In 2015, Belize imported the most from the following CARICOM countries:

  • Trinidad and Tobago
  • Jamaica
  • St. Vincent and Grenadines
  • St. Lucia
  • Grenada
  • Barbados

The top products imported from the region were:

  • Tobacco
  • Beer
  • Plastic-insulated copper conductors
  • Tonic and flavored preparations used as flood supplements
  • Building cement
  • Flour of durum wheat
  • Aluminum doors
The prices of commodities are based on annual volumes, the amount of storage required, packaging or payment terms. For markets like the US, market prices are based on the quality of the product, packaging and daily stock market trading prices. Source: http://www.tradingeconomics.com/commodity/rice