Jamaica's trade deficit widened in the first seven months of 2025 as import spending increased while export earnings declined.
According to new data from the Statistical Institute of Jamaica (STATIN), imports for the period January to July 2025 totalled US$4.516 billion while earnings from exports amounted to US$1.06 billion.
The value of imports rose by 3.8 per cent compared to US$4.352 billion in the same period of 2024.
STATIN says this was driven mainly by higher spending in raw materials, intermediate goods, which increased by 13 per cent, and consumer goods, which climbed by 9.5 per cent.
At the same time, export earnings fell by 2.9 per cent, down from US$1.092 billion recorded between January and July last year.
STATIN notes that this decline was largely due to a 17.6 per cent drop in the value of mineral fuels exports, which weighed heavily on the overall export performance.
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