PIOJ Growth-Inducement Strategy - Planning Institute of Jamaica

Non -Traditional Domestic Exports
Earnings from Non-Traditional Exports were US$416.0 million for the January - August
2010 period, declining by US$8.2 million or 2.0 per cent compared with the
corresponding period of 2009. This decline resulted from a 7.4 per cent fall-off in
earnings from the category “Other” as increased revenue was registered for the remaining
three components within Non-Traditional Exports. In the category “Other”, lower
receipts were received for “Chemicals” (including ethanol) (down 64.4 per cent),
Manufactured Goods (down 32.9 per cent) and Machinery and Transport Equipment
(down 11.8 per cent). Lower exports of ethanol during the review period were the
primary contributor to the decline in earnings from Chemicals (including Ethanol).
Table 5.6. Merchandise Exports: January-August 2009, 2010 (US$ Million)
Exports
Absolute Jan - Aug
Jan - Aug. Jan - Aug
Change % Change
2009 2010
2010/2009 2010/2009
Traditional Exports 452.0 413.5 -38.4 -8.5
Non -Traditional 424.2 416.0 -8.2 -2.0
Domestic Exports 876.1 829.6 -46.5 -5.3
Re - Exports 49.4 50.0 0.6 1.2
Total Exports 925.5 879.6 -45.9 -5.0
Source: Compiled from data supplied by Statistical Institute of Jamaica.
Merchandise Imports
During the January - August 2010 period, total imports (including single entity free zone)
were US$3,332.4 million, an increase of US$105.5 million compared with the value of
imports for the corresponding period of 2009. This was due mainly to an increase in the
value of Mineral Fuels which went up by US$154.7 million influenced by higher
international fuel prices associated with the improvement in global economic conditions.
Table 5.7. Merchandise imports and Exports: January-August 2009, 2010 (US$ Million)
Jan.–Aug. 2009 Jan.– Aug. 2010
Jan.- Aug. 2010/2009
% Change
Imports Exports Imports Exports Imports Exports
Food 537.7 185.7 529.7 154.2 -1.5 -17.0
Beverages and Tobacco 51.2 66.2 50.4 71.7 -1.6 8.3
Crude Materials 35.1 325.1 39.2 327.4 11.7 0.7
Mineral Fuels, etc. 896.0 143.8 1,050.7 214.1 17.3 48.9
Animal &Vegetable
Oils & Fats
24.5 0.1 12.0 0.1 -51.0 0.0
Chemicals 456.8 141.9 414.7 51.6 -9.2 -63.6
Manufactured Goods 350.8 21.9 367.3 12.9 4.7 -41.1
Machinery and
Transport Equipment
535.5 27.6 506.1 21.4 -5.5 -22.5
Misc. Manufactured articles 275.7 10.7 308.3 18.0 11.8 68.2
Other 63.7 2.7 54.1 8.1 -15.1 200.0
Total 3227 925.5 3332.4 879.6 3.3 -5.0
Source: Compiled from data supplied by the Statistical Institute of Jamaica.
60