Market+Overview

Does Belize have a deficit or surplus? Explain.

Belize has a deficit. The world market price of crude oil has significantly declined. This happened in 2008. One of their biggest money making products is not able to sustain their government the way it used to. Also, export earnings have been falling. Belize’s Gross Imports as of September 2009 totaled $502.47 million, while Gross Exports were only $190.32 million; which translates into a trade deficit of $312.15 million.

What countries does Belize trade with? Free trade/ Other major Trading Partners with:
 * Canada
 * Columbia
 * Costa Rica
 * Cuba
 * Dominican Republic
 * Venezuela
 * Mexico
 * UK
 * Western Europe
 * Central America
 * Caricon member states
 * Taiwan
 * Japan

What are the major services/products (how does Belize make money?) o Agriculture (nutrient, rich soil) o Marine Products (i.e. Shrimp, Lobster, etc.) o Sugar – 2nd Largest export
 * Products

o Oil (discovered in 2006, is expected to be a top export in the future

o Hotels for the many Tourists o Auto Rental o Cruises o Restaurants o Gift Shops o Parks o Land, Air and Sea Transportation Doing Business in Belize." //Doing Business in Belize//. Web. 3 Mar. 2011. .
 * Services