Is Belize a good place to invest in energy?

Belize's energy sector is looking to expand in biomass and small-scale solar, as well as create new opportunities in electric vehicles, large-scale solar, liquefied natural gas (LNG), and waste-to-energy. However, Belize remains a net-importer of electricity from Mexico, which makes energy imports expensive and unpredictable.

How much sugar does Belize export?

As of 2019, Belize exported 199.29 thousand long tons of sugar, valued at $136.36 million. This represented 48% of Belize’s total exports. 82% of the sugar produced was exported directly to the United Kingdom, with exports peaking in July. The United States was the second largest exporting partner, accounting for 9% of Belize's sugar exports.

How much did Belize export in 2022?

From 2022 to 2023, the overall value of Belizean exports fell -11.5% from $286.4 million. The only country in Central America having English as its official language, Belize is located along Central America’s eastern cost and shares its northern land border with Mexico.

What percentage of Belize's exports go to other countries?

From a continental perspective, 35.3% of Belize’s exports by value was delivered to fellow European countries while 31.6% was sold to importers in Latin America excluding Mexico but including the Caribbean. Belize shipped another 30.8% worth of goods to North America.

Will the government of Belize invest in solar energy?

The Government of Belize intends to encourage investment in utility solar-energy facilities. However, it has not yet publicly announced a request for proposals. On a smaller scale, the Government of Belize has installed solar micro-grids and solar-powered streetlights in rural communities not yet connected to the national grid.

How did Belize's Sugar exports perform compared to other countries?

Belize’s shipments of sugar including confectionery made from sugar posted the remaining gain in value, up by 2.4%. The leading decliner among Belize’s top 10 export categories was vegetables, pulled down by a -37.1% year-over-year drop.