Bookmark Jamaica-Gleaner.com
Go-Jamaica Gleaner Classifieds Discover Jamaica Youth Link Jamaica
Business Directory Go Shopping inns of jamaica Local Communities

Home
Lead Stories
News
Business
Sport
Commentary
Letters
Entertainment
Social
International
The Star
E-Financial Gleaner
The Voice
Communities
Hospitality Jamaica
Google
Web
Jamaica- gleaner.com

Archives
1998 - Now (HTML)
1834 - Now (PDF)
Services
Find a Jamaican
Library
Live Radio
Podcasts
Weather
Subscriptions
News by E-mail
Newsletter
Print Subscriptions
Interactive
Chat
Dating & Love
Free Email
Guestbook
ScreenSavers
Submit a Letter
WebCam
Weekly Poll
About Us
Advertising
Gleaner Company
Contact Us
Other News
Stabroek News

Trade gap widens
published: Friday | December 22, 2006

Proportionally, export growth outstripped imports in the period January to August, but nominally, Jamaica's trade with other countries remained skewed towards purchase of foreign goods.

The value of goods sold to foreign countries grew 32.4 per cent to US$3.76 billion, compared to a 20.1 per cent hike for imports.

However, the value of foreign goods the latter at US$1.34 billion was twice that of exports.

The trade deficit rose 14.3 per cent to US$2.43 billion, some US$303.5 million above the comparable period for 2005.

Imports were topped by minerals/fuels on which Jamaica spent US$1.24 billion during the first eight months of the year.

"This was the most significant contributor to the increase in imports," said the Statistical Institute of Jamaica (STATIN) in a release announcing the newest external trade figures.

Energy officials project the oil bill will reach US$1.5 billion at the end of December.

Domestic exports grew by 32.6 per cent to earn US$1.32 billion.

"Earnings from traditional domestic exports stood at US$916.9 million, 14.4 per cent above the comparable period of 2005," Statin said. Non-traditional domestic exports grew by US$208.9 million to US$399.4 million.

More Business



Print this Page

Letters to the Editor

Most Popular Stories





© Copyright 1997-2007 Gleaner Company Ltd.
Contact Us | Privacy Policy | Disclaimer | Letters to the Editor | Suggestions | Add our RSS feed
Home - Jamaica Gleaner