Jamaica’s significant bauxite deposits, the second largest in the world after Australia, allow it to export large quantities of the commodity.
The US supplies nearly half of Jamaica’s food needs.
The country’s garment exports have declined to near zero in the past few years, mainly due to increased competition and high cost of operations.
Trade contributes nearly 1/4th of Jamaica’s GDP, while employing one-sixth of the country’s labor force.
Jamaica’s energy needs are fully met by petroleum imports.
Tourist arrivals contribute significantly to the country’s foreign exchange inflows.
Remittances from abroad contribute nearly 20% of the country’s GDP.
The country’s trade deficit with CARICOM (Caribbean Community and Common Market) ballooned to $1.6 billion in 2008 largely due to Trinidad & Tobago’s discriminatory energy pricing.
Mineral fuels are the top contributors to Jamaica’s import bill followed by food items.
Jamaica’s trade deficit with the US and other nations declined to $1.349 billion in 2009 from $2.745 billion in year 2008.