Key Market Indicators
Belize's import of electrical equipment is projected to climb to approximately $75.4 million by 2028, up from $67.3 million in 2023. This represents an average annual growth rate of 1.8%. Since 1997, the country's demand for electrical equipment has seen a steady increase, growing by 2.8% each year. In stark contrast, Belize's export of electrical equipment is forecasted to plummet to around $74,550 by 2028, a significant drop from $302,030 in 2023. This decline reflects an average annual decrease of 21.8%. Historically, since 1997, the supply of electrical equipment from Belize has been on a downward trajectory, decreasing by 11.2% annually.
