Jamaica improves its trade balance with CARICOM
Feb 10, 2015
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KINGSTON, February 7, 2015 - While Jamaica’s Trade deficit with the United States showed need for improvement, Jamaica's trade balance with the rest of the region improved over the first ten months of last year as imports fell and exports increased.
The latest trade data show that at the end of October exports to CARICOM were valued at US$72 million. That was up from US 65 million for the corresponding period of the prior year.
At the same time, imports declined to US$665 million, from US$718 million in 2013.
The value of imports fell as Jamaicans consumed less oil and food from the region.
Higher exports of manufactured goods and chemicals accounted for the improved earnings.
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