STATIN: US $2.5B Spent on Imports in 1st Quarter of 2025

Total exports continue to fall, while imports rose marginally for the period January to April 2025 compared to the corresponding period in 2024.

That’s according to the Statistical Institute of Jamaica, STATIN.

Jamaica’s import bill for January to April this year amounted to approximately US $2.5 billion.

By contrast, the country earned just over US$614 million from total exports.

The value of imports rose marginally by 0.3 percent when compared to about US $2.5 billion in the corresponding period in 2024.

STATIN noted that this increase was driven primarily by higher spending on raw materials and intermediate goods.

This climbed by 6.2 percent, as well as consumer goods, which went up by 8.1 percent.

Exports fell by five point seven percent.

This downturn was attributed mainly to a 31 percent percent decline in the value of mineral fuel exports.

The United States, China, Nigeria, Brazil and Japan remained Jamaica’s five leading trading partners over the review period.