Jamaica spent US$1.91 billion on the importation of "Raw Materials/Intermediate Goods" for the first nine months of 2023.
The Statistical Institute of Jamaica (STATIN) says this was 7 per cent more than the US$1.78 million spent in the January to September 2022 review period.
The higher import bill was linked to more money spent on 'Construction Materials' and 'Parts and Accessories of Capital Goods (except Transport Equipment)'.
'Construction Materials' increased by 32.8 per cent to US$610 million, due mainly to higher imports of petroleum products.
Imports of 'Parts and Accessories of Capital Goods (except Transport Equipment)' were valued at US$233 million, 24 per cent above the 2022 period.
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