Jamaica recorded a trade deficit of 1037303 USD Thousand in the second quarter of 2018. Balance of Trade in Jamaica averaged -748008.02 USD Thousand from 1992 until 2018, 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 -1145000.00 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 -1192000.00 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.

Jamaica Balance of Trade
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Jamaica Trade Last Previous Highest Lowest Unit
Balance of Trade -1037303.00 -716957.17 -121925.00 -1682375.00 USD Thousand [+]
Current Account -306.36 -89.10 137.40 -536.10 USD Million [+]
Current Account to GDP -3.00 -1.20 -1.20 -20.40 percent [+]
Imports 1444701.00 990674.67 2437559.00 395093.00 USD Thousand [+]
Exports 407398.00 273717.50 796371.00 244067.00 USD Thousand [+]
Remittances 2305.20 2291.50 2305.20 968.00 USD Million [+]
Terrorism Index 0.06 0.12 0.23 0.00 [+]
Tourist Arrivals 296226.00 219138.00 460012.00 102095.00 people [+]
External Debt 13433.89 13081.74 14754.06 8782.88 USD Million [+]
Capital Flows -115.78 -22.60 761.10 -595.70 USD Million [+]
Foreign Direct Investment 177.00 166.90 273.82 68.70 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1037303.00 -716957.17 -121925.00 -1682375.00 1992 - 2018 USD Thousand Quarterly




Country Last Previous
Argentina 979.00 Nov/18
Australia 1925.00 Nov/18
Brazil 6639.00 Dec/18
Canada -2060.10 Nov/18
China 570.60 Dec/18
Euro Area 18967.90 Nov/18
France -5099.00 Nov/18
Germany 20500.00 Nov/18
India -13080.00 Dec/18
Indonesia -1102.00 Dec/18
Italy 3843.00 Nov/18
Japan -737.30 Nov/18
Mexico -2382.00 Nov/18
Netherlands 6983.00 Nov/18
Russia 18984.00 Nov/18
Saudi Arabia 184673.00 Sep/18
Singapore 1943.12 Dec/18
South Africa 3494.40 Nov/18
South Korea 4558.00 Dec/18
Spain -3836500.00 Oct/18
Switzerland 3071.48 Nov/18
Turkey -651.36 Nov/18
United Kingdom -2904.00 Nov/18
United States -55488.00 Oct/18


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