The Statistical Institute of Jamaica (STATIN) reported that for the month of January, revenues from exports amounted to US$102.7 million or 27.8 per cent lower than the US$142.3 million earned in the similar period last year.

According to the International Merchandise Trade (IMT) bulletin released last Thursday by the data processing entity, the country’s imports for the period valued at US$514.4 million also decreased by 14.7 per cent when compared to US$603.1 million spent in the same period of the previous year.

“Expenditure on imports from the United States of America (USA), Jamaica’s main trading partner, was valued at US$172.1 million. This is 33.0 per cent below the US$256.7 million recorded in the period January 2019. Earnings from total exports to the USA amounted to US$57.0 million, an increase of 7.7 per cent when compared to the US$52.9 million earned during January 2019,” the bulletin said.

http://www.jamaicaobserver.com/sunday-finance/export-revenues-decline-for-january_193247