Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • Videos
  • Career & Education
  • Classifieds
  • All Woman
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Design Week
Statin to roll out new export-import statistical product
Carol Coy
Business
October 21, 2021

Statin to roll out new export-import statistical product

The Statistical Institute of Jamaica (Statin) is to release a new statistical product, the Export-Import Price Indices (XMPI), which will be used to measure the quarterly price changes of trade activities.

“A special report for 2018 to 2020 will be released shortly, and moving forward Statin will be releasing the XMPI on a quarterly basis,” Statin’s Director General Carol Coy disclosed at a virtual briefing held this week.

“While it is important to produce our regular statistical products, we also need to ensure that we meet the growing needs of stakeholders, this requires the development of new statistical product geared to satisfying changing user needs and also to reflect the structural changes in the Jamaican economy. The development of the XMPI is one such product,” she further said.

According to data from the latest international merchandise trade bulletin, total spending on imports and earnings from exports increased for the first half of the year — January to June. As a result of higher imports of fuel and lubricants, up 46.1 per cent, and raw materials, up 18.8 per cent, total imports for the period grew to $US2.7 billion—15.2 per cent more than that of the corresponding period last year.

Total exports for the period were valued at US$789.2 million, 28.3 per cent above the US$615.3 million earned in the 2020 period. This was largely due to increases in the value of export from the manufacturing, 25 per cent, and mining and quarrying industries.

The value of imports and exports in 2021, Statin said, was below amounts recorded for the similar months of 2019 and 2018, which it attributed to contractions in the local and global economies.

“With the onset of the novel coronavirus pandemic in 2020, measures were implemented to restrict movements in order to limit the spread of the virus. These included the closure of borders and factories on a global scale, which led to lower production levels and lower demand for some products. As a result, the value of trade declined significantly in 2020 and, despite increasing in 2021, the value of imports and exports has not returned to [its] pre-pandemic levels,” the trade bulletin reported.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Forex: $159.04 to one US dollar
Latest News
Forex: $159.04 to one US dollar
September 4, 2026
KINGSTON, Jamaica — The United States (US) dollar on Monday, August 3, ended trading at $159.04, up 1 cent according to Bank of Jamaica’s daily exchan...
{"jamaica-observer":"Jamaica Observer"}
Steely & Clevie copyright battle ‘far from over,’ says attorney
Entertainment, Latest News
Steely & Clevie copyright battle ‘far from over,’ says attorney
September 4, 2026
Despite a ruling by United States (US) District Judge Andre Birotte Jr reversing a copyright claim by the estate of dancehall producers Steely and Cle...
{"jamaica-observer":"Jamaica Observer"}
Seville, Gayle win DL trophies on Day 1 of final in Brussels
Latest News, Sports
Seville, Gayle win DL trophies on Day 1 of final in Brussels
September 4, 2026
KINGSTON, Jamaica — Oblique Seville won his first Wanda Diamond League men’s 100m title, while Tajay Gayle won his second men’s long jump title in thr...
{"jamaica-observer":"Jamaica Observer"}
JPS invests $22m in back-to-school support across Jamaica
Latest News, News
JPS invests $22m in back-to-school support across Jamaica
September 4, 2026
KINGSTON, Jamaica — The Jamaica Public Service Company (JPS) says it has invested approximately $22 million to help students, families and schools acr...
{"jamaica-observer":"Jamaica Observer"}
UPDATE: Mistrial ruling upheld in case of US mother who killed her children
International News, Latest News
UPDATE: Mistrial ruling upheld in case of US mother who killed her children
September 4, 2026
PLYMOUTH, United States (AFP) — A judge declared a mistrial on Friday in the high-profile case of an American woman who killed her three young childre...
{"jamaica-observer":"Jamaica Observer"}
Thousands of OpenAI AI agents went rogue, took over German website — researchers
International News, Latest News
Thousands of OpenAI AI agents went rogue, took over German website — researchers
September 4, 2026
WASHINGTON, United States (AFP) — Thousands of autonomous AI agents built by OpenAI defied their instructions and took over a German website, accordin...
{"jamaica-observer":"Jamaica Observer"}
JSE suspends another company over late financials
Business, Latest News
JSE suspends another company over late financials
BY DAVID ROSE Observer business writer davidr@jamaicaobserver.com 
September 4, 2026
Medical Disposables & Supplies Limited (MDS) has become the latest company to have trading in its shares suspended by the Jamaica Stock Exchange (JSE)...
{"jamaica-observer":"Jamaica Observer"}
Over 200 benefit from Unity Fellowship health fair in St Elizabeth
Latest News, News
Over 200 benefit from Unity Fellowship health fair in St Elizabeth
September 4, 2026
ST ELIZABETH, Jamaica — The Unity Fellowship Jamaica Ministries (UFJM) recently held its 10th annual community health fair and back-to-school drive in...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct