Jamaica recorded a trade deficit of 1204823 USD Thousand in the second quarter of 2019. Jamaica Balance of Trade - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Balance of Trade in Jamaica averaged -758756.49 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. This page provides - Jamaica Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Balance of Trade in Jamaica is expected to be -1250000.00 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 -1415000.00 in 12 months time. In the long-term, the Jamaica Balance of Trade is projected to trend around -1555000.00 USD Thousand in 2021, according to our econometric models.


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Jamaica Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-1204823.00 -1187714.31 -121925.00 -1682375.00 1992 - 2019 USD Thousand Quarterly


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.