Imports and Exports Are Down According to International Merchandise Trade data
- On July 27, 2020, the Statistical Institute of Jamaica (STATIN) reported that Jamaica’s imports from January to April 2020 were valued at US$1,680.6Mn, a 23.1% decline when compared to the US$2,186.7Mn spent for the same period in 2019.
- Also, Revenue from exports amounted to US$425.1Mn for the current review period, 24.1% lower than the US$560.3Mn earned in a similar period in 2019.
- Expenditure on imports from the United States of America (USA) - Jamaica’s main trading partner was valued at US$637.7Mn. This is 40.2% below the US$1,067.1Mn recorded for the period January to April 2019. Earnings from total exports to the USA amounted to US$215.8Mn, an increase of 6.7% when compared to the US$202.3Mn earned in 2019.