There was a decline in Jamaica’s imports and exports for January to August 2020 when compared to the similar period in 2019 as released today by the Statistical Institute of Jamaica (STATIN).
Expenditure on imports for January to August 2020 amounted to US$3,024.0 million, a decline of 30.5 per cent when compared to the same period in 2019.
This decline was largely attributable to lower imports of ‘Other Fuel and Lubricants’ and ‘Industrial Supplies’, which fell by 67.7 per cent and 22.4 per cent, respectively.
Total exports were valued at US$817.4 million. Relative to the corresponding January to August 2019 period, earnings from total exports declined by 28.0 per cent.
The decline in domestic exports was mainly influenced by a reduction of 50.8 per cent in the exports of alumina, which fell by 50.8 per cent or US$287.1 million.
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