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10.9 per cent decline in earnings from manufacturing industry in 2023

Jamaica earned 10.9 per cent less money from the manufacturing industry in 2023.
 
The Statistical Institute of Jamaica (STATIN) has reported that the industry raked in US$856.4 million last year.
 
The drop was due to a decline in the exports of what are called Other Manufactured Products.
 
The category earned the country US$484.9 million, a 21 per cent drop, compared to the $614.8 million earned in 2022.
 
STATIN says this was mainly due to lower exports of Refined Petroleum Products, which fell by 20 point 7 per cent to $436.2 million.
 


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