Jamaica Balance of Trade2022 Data - 2023 Forecast - 1992-2021 Historical - Calendar

Name: Jamaica Balance of Trade
Creator: TRADING ECONOMICS
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Keywords: Jamaica,Balance of Trade,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Jamaica recorded a trade deficit of 859730.64 USD Thousand in the third quarter of 2021. source: Bank of Jamaica

Balance of Trade in Jamaica averaged -766243.60 USD Thousand from 1992 until 2021, 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 June 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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Related	Last	Previous	Unit	Reference
Balance of Trade	-859730.64	-722723.74	USD Thousand	Sep 2021
Current Account	42.10	234.60	USD Million	Sep 2021
Current Account to GDP	0.20	-1.90	percent of GDP	Dec 2020
Imports	1226920.40	1145268.25	USD Thousand	Sep 2021
Exports	367189.76	422544.51	USD Thousand	Sep 2021
Remittances	2905.00	2405.60	USD Million	Dec 2020
External Debt	14447.45	14516.01	USD Million	Dec 2021
Foreign Direct Investment	118.40	59.40	USD Million	Sep 2021
Capital Flows	76.90	-11.30	USD Million	Sep 2021
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.