Jamaica Trade Deficit with the United States of America
In 2023 , Jamaica imported goods worth approximately $3.13 Billion from the United States, accounting for 41% of its total imports. In 2023, Jamaica's total exports to the United States amounted to $709 Million. In 2023 Jamaica’s Balance of Trade with the USA was Negative US$2.4 billion. That is what Jamaica pumped into the US economy in 2023. For the period of January to November 2024 , Jamaica's total imports from the United States were valued at US$6.7 billion. In 2024, Jamaica's total exports to the United States were valued at $376.34 million. In 2024 Jamaica’s Balance of Trade with the USA was Negative US$6.32366 billion. That is the amount Jamaica pumped into the US economy! Jamaica consistently runs a large balance of trade deficit with the USA. But the USA still placed 10% tariff on Jamaica’s small exports to the USA. The USA is punishing Jamaica even though we send billions to the USA every year, 20% at times over 30% of our GDP! This Continued Balance of Trad...