Jamaica's trade deficit narrowed slightly for the period January to November 2024.
According to the latest trade data, total imports for the 11-month period stood at US$6.7 billion, reflecting a four per cent decline, compared with the corresponding period in 2023.
On the export side, Jamaica recorded total exports of US$1.7-billion, a decline of 8.6%, percent compared with 2023.
The reduction in imports was primarily attributed to lower purchases of Raw Materials/Intermediate Goods, which fell by 10.5%, and Fuels and Lubricants, which saw a 7.9?cline.
This downturn in export was largely driven by a significant 63.2% drop in re-exports.
But, domestic exports increased by 9.2%
comments powered by Disqus
All feeds
