Jamaica records slight increase in domestic exports

The country saw a slight improvement in domestic exports for the first five months of the year.

President of the Jamaica Exporters Association (JEA), Vitus Evans, said domestic exports increased by 1.08 per cent over the similar period last year.

Evans said this represents a total value of US$715.3 million.

The JEA president noted that of the US$715 million, total domestic exports accounted for US$692.7 million and re-exports, US$22.6 million dollars.

Evans added that during the five month period, non-traditional domestic exports grew by seven per cent to account for US$319 million.

He theorised that new players investing in areas such as agro-processing have accounted for the boost in export earnings.

editorial@gleanerjm.com