Caricom exports jump sharply

Jamaica’s exports to CARICOM region jumped sharply for the 11 months to November last year with an increase of 45.3 percent.
The increase amounts to US$26 million and put exports at US$84 million up from the US$58 million earned 2015. Exports of “Chemicals” increased by US$5 million, to US$9 million, due mainly to increased exports of plastics in primary form, medical and pharmaceuticals products and essential oils. Exports of Food increased to US$27 million by US$4.7 million than the recorded amount for 20125. Re-exports goods rose by US$11 million to US$21 million.
Imports from the Caricom region dropped sharply for the same period, with a fall of US$126.4 million and resulted in total imports from the region of US$430 million. While oil imports accounted for the bull of the decline, chemicals, beverages & tobacco and foods accounted for a sizable amount.