By Javaughn Keyes
Jamaica spent 13.5 per cent less on imports in the "Raw Materials/Intermediate Goods" category for January to May 2024 compared with the similar period last year.
The Statistical Institute of Jamaica (STATIN) says these imports amounted to US$856.6 million, as against the US$990.3 million recorded for January to May 2023.
The value of 'Industrial Supplies' imported decreased by 15.8 per cent to US$441.1 million.
The national statistics agency says this was due mainly to lower imports of "feeding stuff for animals" (not including unmilled cereals) and electrical machinery, apparatus and appliances.
There was a 20 per cent decline in the value of 'Construction Materials', coming in at US$207.8 million.
For the corresponding period last year, those imports were valued at US$260 million.
This was largely a result of reduced imports of iron and steel for construction, along with non-metallic mineral items.
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