Jamaica

Jamaica ranked No. 72 in total trade value through May with a total of $916.27 million. Exports totaled $778.88 million and Imports totaled $137.38 million, a surplus of $641.5 million.

U.S. trade with Jamaica rose to $783.36 million through May

Jamaica’s trade with the United States rose to $783.36 million through the first five months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 22.31 percent below its total trade during the same time period last year. U.S. exports to Jamaica decreased 25.37 percent while U.S. imports from Jamaica rose 1.01 percent. The U.S. surplus with Jamaica was $547.07 million.

Through May, the top five among the nation’s airports, seaports and border crossings were No. 1 Port Miami; No. 2 Port of Southern Louisiana, Gramercy, St. James Parish; No. 3 Port of Houston; No. 4 Port of New Orleans; and No. 5 Sabine Pass, Texas Port Authority Marina. During the same period the previous year, the top five were No. 1 Port Miami; No. 2 Port of New Orleans; No. 3 Port of Houston; No. 4 Port of Southern Louisiana, Gramercy, St. James Parish and No. 5 Port of Mobile, Ala.. In the current time period, the top five accounted for 63.62 percent of Jamaica’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port Miami fell 20.28 percent to $214.84 million.
    Exports fell 22.68 percent to $190.01 million. Imports rose 4.51 percent to $24.84 million.
  • Trade with No. 2 Port of Southern Louisiana, Gramercy, St. James Parish rose 10.92 percent to $158.05 million.
    Exports fell 10.12 percent to $99 million. Imports rose 82.59 percent to $59.05 million.
  • Trade with No. 3 Port of Houston fell 58.5 percent to $78.09 million.
    Exports fell 59.01 percent to $76.41 million. Imports fell 2.16 percent to $1.68 million.
  • Trade with No. 4 Port of New Orleans fell 68.43 percent to $66.21 million.
    Exports fell 56.77 percent to $65.48 million. Imports fell 98.76 percent to $724,076.
  • Trade with No. 5 Sabine Pass, Texas Port Authority Marina totaled $65.76 million.
    Exports totaled $65.76 million. There were no imports.

Jamaica ranked No. 72 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 74.

Meanwhile, total U.S. trade with the world increased to $1.48 trillion, down 64.27 percent compared to the same period last year. The nation’s exports dropped 64.62 percent to $582.11 billion; imports dropped 64.04 percent to $898.44 billion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $316.33 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Jamaica by value through May were the categories of Gasoline, other fuels; LNG, other petroleum gases; Low value shipments; Corn; and Wheat, respectively. They accounted for 43.03 percent of total exports to Jamaica.

The value of the top five categories of U.S. imports from Jamaica –– Aluminum ores and concentrates; Misc. aluminum oxides and hydroxides; Cassava, arrowroot, fresh or dry; Beer; and Sauces and preparations; mixed condiments –– accounted for 63.3 percent of all inbound shipments.

Looking more closely at U.S. exports to Jamaica:

  • Gasoline, other fuels fell 50.65 percent compared to last year to $193.42 million.
  • LNG, other petroleum gases rose 144.52 percent compared to last year to $71.81 million.
  • Low value shipments fell 31.58 percent compared to last year to $31.62 million.
  • Corn fell 5.23 percent compared to last year to $19.54 million.
  • Wheat fell 22.95 percent compared to last year to $18.78 million.

Looking more closely at U.S. imports from Jamaica:

  • Aluminum ores and concentrates rose 3.1 percent compared to last year to $31.86 million.
  • Misc. aluminum oxides and hydroxides fell 46.42 percent compared to last year to $30.96 million.
  • Cassava, arrowroot, fresh or dry fell 4.94 percent compared to last year to $10.55 million.
  • Beer fell 5.31 percent compared to last year to $7.09 million.
  • Sauces and preparations; mixed condiments rose 54.35 percent compared to last year to $6.52 million.

In the latest annual figures available, Jamaica recorded $2.89 billion in trade with the United States. Total U.S. exports to Jamaica were $ 2.5 billion and imports from Jamaica were $391.78 million. The U.S. surplus with Jamaica was $2.11 billion.