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Jamaica's trade deficit narrows

Jamaica's trade deficit narrowed over the first three months of this year.

Imports fell by more than 12 per cent, due mainly to declines in the oil bill and the amount spent on food coming from overseas.

At the end of  March the trade deficit was US$912 million.

In the first three months of  the year, lower cost oil pushed down the value of fuel imports by 41 per cent to US$310 million, compared to more than $530 million during the similar period last year.

Overall, imports were valued at US$1.2 billion during the period under review.

Exports also fell by 12 per cent to US$336 million.



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