Jamaica recorded a trade deficit of 1187714.31 USD Thousand in the first quarter of 2019. Balance of Trade in Jamaica averaged -754664.14 USD Thousand from 1992 until 2019, reaching an all time high of -121925 USD Thousand in the second quarter of 1992 and a record low of -1682375 USD Thousand in the third quarter of 2008.

Balance of Trade in Jamaica is expected to be -1192000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Jamaica to stand at -1190000.00 in 12 months time. In the long-term, the Jamaica Balance of Trade is projected to trend around -1415000.00 USD Thousand in 2020, according to our econometric models.

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Jamaica Balance of Trade
Jamaica Trade Last Previous Highest Lowest Unit
Balance of Trade -1187714.31 -1082951.20 -121925.00 -1682375.00 USD Thousand [+]
Current Account -51.88 -185.24 153.47 -536.10 USD Million [+]
Current Account to GDP -2.80 -2.60 -1.20 -20.40 percent [+]
Imports 1664767.31 1625054.20 2437559.00 395093.00 USD Thousand [+]
Exports 477053.00 542103.00 796371.00 244067.00 USD Thousand [+]
Remittances 2345.80 2329.60 2345.80 968.00 USD Million [+]
Terrorism Index 1.09 0.06 1.09 0.00 [+]
Tourist Arrivals 305440.00 285001.00 487651.00 102095.00 people [+]
External Debt 14006.29 13916.73 14754.06 8782.88 USD Million [+]
Capital Flows 194.05 -137.12 2187.69 -689.27 USD Million [+]
Foreign Direct Investment 151.31 197.10 273.82 68.70 USD Million [+]


Jamaica Balance of Trade

In Jamaica, trade accounts for around 50 percent of GDP. Yet, Jamaica imports most of the goods it consumes, leading to consistent trade deficits of around 20 percent of GDP. Jamaica is a major exporter of bauxite used for aluminium production. Other exports include ethanol, cane sugar, alcoholic beverages, coffee, scrap metal, cyclic compounds and manioc. Jamaica’s main trading partner is the United States (52 percent of total trade). Others include Venezuela, Trinidad & Tobago, Canada, China, the United Kingdom, Brazil and Japan. This page provides - Jamaica Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Balance of Trade - actual data, historical chart and calendar of releases - was last updated on November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1187714.31 -1082951.20 -121925.00 -1682375.00 1992 - 2019 USD Thousand Quarterly




Country Last Previous
Argentina 1744.00 Sep/19 1168
Australia 7180.00 Sep/19 6617
Brazil 1206.00 Oct/19 2246
Canada -978.00 Sep/19 -1235
China 428.09 Oct/19 392
Euro Area 14702.40 Aug/19 24528
France -5551.00 Sep/19 -5436
Germany 21138.00 Sep/19 16448
India -10860.00 Sep/19 -13450
Indonesia -160.50 Sep/19 85.38
Italy 2585.00 Aug/19 7617
Japan -122.98 Sep/19 -144
Mexico -116.00 Sep/19 775
Netherlands 3879.00 Aug/19 4117
Russia 14150.00 Sep/19 12010
Saudi Arabia 127500.00 Jun/19 131654
Singapore 3833.90 Sep/19 3772
South Africa 5160.00 Sep/19 4542
South Korea 5393.00 Oct/19 5982
Spain -3984900.00 Aug/19 -2486462
Switzerland 2881.00 Sep/19 1111
Turkey -2055.51 Sep/19 -2518
United Kingdom -3360.00 Sep/19 -1760
United States -52450.00 Sep/19 -55036


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