Belize - Merchandise imports (current US$)

The value for Merchandise imports (current US$) in Belize was 787,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 991,000,000 in 2015 and a minimum value of 13,000,000 in 1960.

Definition: Merchandise imports show the c.i.f. value of goods received from the rest of the world valued in current U.S. dollars.

Source: World Trade Organization.

See also:

Year Value
1960 13,000,000
1961 16,000,000
1962 22,000,000
1963 19,000,000
1964 22,000,000
1965 24,000,000
1966 27,000,000
1967 26,000,000
1968 27,000,000
1969 30,000,000
1970 33,000,000
1971 36,000,000
1972 43,000,000
1973 44,000,000
1974 64,000,000
1975 88,000,000
1976 73,000,000
1977 90,000,000
1978 106,000,000
1979 132,000,000
1980 150,000,000
1981 162,000,000
1982 128,000,000
1983 112,000,000
1984 130,000,000
1985 128,000,000
1986 122,000,000
1987 143,000,000
1988 181,000,000
1989 216,000,000
1990 211,000,000
1991 256,000,000
1992 274,000,000
1993 281,000,000
1994 260,000,000
1995 257,000,000
1996 255,000,000
1997 286,000,000
1998 295,000,000
1999 370,000,000
2000 524,000,000
2001 517,000,000
2002 525,000,000
2003 552,000,000
2004 520,000,000
2005 593,000,000
2006 660,000,000
2007 684,000,000
2008 837,000,000
2009 669,000,000
2010 706,000,000
2011 831,000,000
2012 861,000,000
2013 928,000,000
2014 962,000,000
2015 991,000,000
2016 953,000,000
2017 916,000,000
2018 958,000,000
2019 986,000,000
2020 787,000,000

Limitations and Exceptions: The value of imports is generally recorded as the cost of the goods when purchased by the importer plus the cost of transport and insurance to the frontier of the importing country - the cost, insurance, and freight (c.i.f.) value, corresponding to the landed cost at the point of entry of foreign goods into the country. A few countries collect import data on a free on board (f.o.b.) basis and adjust them for freight and insurance costs. Countries may report trade according to the general or special system of trade. Under the general system imports include goods imported for domestic consumption and imports into bonded warehouses and free trade zones. Under the special system imports comprise goods imported for domestic consumption (including transformation and repair) and withdrawals for domestic consumption from bonded warehouses and free trade zones. Goods transported through a country en route to another are excluded. Data on imports of goods are derived from the same sources as data on exports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels.

Statistical Concept and Methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total imports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports