Belize’s economy demonstrated vigorous trading activity in January 2026, recording substantial growth in both import and export sectors according to the latest data from the Statistical Institute of Belize. The nation’s import expenditure surged to $271 million, marking an 11.7% increase equivalent to $28.5 million compared to January 2025, while exports climbed to $19.5 million.
The import expansion was predominantly driven by capital investments in machinery and equipment, which escalated from $61.6 million to $76.1 million, indicating robust industrial development. Consumer goods including athletic apparel, footwear, agricultural inputs, and tobacco products contributed significantly to the import growth. However, construction materials experienced a modest decline, suggesting a temporary cooling in the building sector.
Agricultural exports emerged as the standout performer, with banana shipments generating $7.8 million compared to $6.1 million the previous year. The pepper sauce industry achieved remarkable growth, more than doubling its export revenue. While marine products and sugar experienced slight contractions due to fluctuating global demand, the overall agricultural sector demonstrated strong competitiveness in international markets.
Geographically, European markets dramatically increased purchases from Belize, with exports soaring from $2.1 million to $4.9 million. The United States also expanded imports, particularly conch and pepper sauces, rising from $3.5 million to $4.4 million. Conversely, CARICOM nations and the United Kingdom reduced imports, primarily reflecting decreased banana shipments to these traditional markets.