Petroleum imports fell in 2016
The improvement flowed from a decline in imports by 22 percent to US$466 million, down from US$598 million in 2015 and a sharp 42 percent increase in exports of US$26.5 million to US$90 million.
Imports of Mineral Fuels, Chemicals, Beverages, Tobacco and Food, mainly contributed to this decline in the import bill.
Re-exports to Caricom were valued at US$21 million, US$11 million greater than the US$10 million recorded in 2015. Domestic exports were valued at US$68 million, US$15 million or 29.0 percent than the US$53 million in 2015, due mainly to higher exports of Chemicals and Food.
