Jamaica’s recorded an 8 percent improvement in its trade deficit in 2016 up to November with imports declining to US$3.2 billion compared to the US$3.48 billion 2015.
Export earnings for the similar period declined at a slower pace than imports by US$69 million to US$1.09 billion.
Total imports amounted to US$4.28 billion, 7.5 percent less than the US$4.63 billion in 2015.
Fuel, Manufactured Goods, Chemicals and Food were mainly responsible for this fall in spending for the 2016 review period.
Traditional Domestic Exports, valued at US$575 million, fell 18.7 per cent below the US$707 million recorded for January to November 2015 but Non–Traditional Domestic Exports for the 2016 period performed better than the traditional exports with growth of 2.4 percent to US$414 million.
Jamaica’s Trade balance improves
March 16, 2017 by
