Jamaica recorded a trade deficit of 1502081.87 USD Thousand in the first quarter of 2022. source: Bank of Jamaica

Balance of Trade in Jamaica averaged -791226.65 USD Thousand from 1992 until 2022, reaching an all time high of -121925 USD Thousand in the second quarter of 1992 and a record low of -1682374.89 USD Thousand in the third quarter of 2008. This page provides - Jamaica Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Jamaica Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

Balance of Trade in Jamaica is expected to be -533000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Jamaica Balance of Trade is projected to trend around -1190000.00 USD Thousand in 2023, according to our econometric models.

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Jamaica Balance of Trade

Related Last Previous Unit Reference
Balance of Trade -1502081.87 -1462642.08 USD Thousand Mar 2022
Current Account -333.04 -97.88 USD Million Mar 2022
Current Account to GDP 0.70 -0.30 percent of GDP Dec 2021
Imports 1842632.74 1748608.14 USD Thousand Mar 2022
Exports 340550.87 285966.06 USD Thousand Mar 2022
Remittances 3497.10 2905.00 USD Million Dec 2021
Foreign Direct Investment 100.50 86.88 USD Million Mar 2022
External Debt 14481.04 14422.17 USD Million Mar 2022
Capital Flows -530.03 -175.68 USD Million Mar 2022
Tourist Arrivals 90164.00 49413.00 Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
-1502081.87 -1462642.08 -121925.00 -1682374.89 1992 - 2022 USD Thousand Quarterly