Jamaica’s exports decline as imports rise during combined three-quarters of 2025
/ Our Today
administrator
Jamaica’s total spending on exports plummeted, as imports rose for the first nine months of 2025, according to the latest International Merchandise Trade report for September 2025, released by the Statistical Institute of Jamaica (STATIN).
Revenues from total exports for the review period totalled US$1.3 billion, representing a 2.0 per cent decline when compared to the US$1.4 billion earned in the similar 2024 period. This was attributable to a 10.7 per cent decrease in the value of Mineral Fuels.
Jamaica’s total spending on imports for the first nine months of 2025 increased by 3.6 per cent to US$5.71 billion, compared with US$5.52 billion in the similar 2024 period. The increase was driven by higher imports of Raw Material/Intermediate Goods and Consumer Goods, which rose by 13.3 per cent and 10.0 per cent, respectively.
Jamaica’s five main import trading partners for January–September 2025 were the United States of America (USA), China, Brazil, Japan and Nigeria.
Expenditure on imports of goods from these countries amounted to US$3.53 billion, an increase of 6.8 per cent from US$3.31 billion in 2024. This growth was attributed to an increase in the import value of “Chemicals”.
The top five destinations for Jamaica’s exports were the USA, the Russian Federation, Iceland, the Netherlands and Canada. Export revenues from these countries declined by 3.0 per cent to US$946.7 million, driven mainly by a decrease in the value of exports of “Crude Materials”.
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