The Statistical Institute of Jamaica (Statin) has reported a decline in the country’s total import and export activities during the January to February review period of this year.
According to the latest figures presented by the entity, total imports during the period went down by some 12.6 per cent to total US$825 million when compared to the US$944.8 last year. The figures further indicated that earnings from total exports also fell by three per cent amounting to US$229 million or some US$7 million less than that earned for the similar period in 2020.
The decline in import, Statin said, was largely attributed to “lower imports of “consumer goods” and “fuels and lubricants” which fell by 18.7 per cent and 9.4 per cent, respectively while a reduction in the value of exports of “mineral fuels” by 20.5 per cent was what primarily led to its decline
