China is closing in on a milestone in its trade with Jamaica.
After selling a record US$878.6 million worth of goods to the island last year, the Asian manufacturing giant is now within striking distance of becoming a US$1-billion-a-year supplier to Jamaica. And it has got there quickly.
In 2021, Jamaica imported US$463.8 million worth of goods from China, according to official data compass, the Statistical Institute of Jamaica (Statin). Four years later, that bill had climbed by almost US$415 million, with China’s share of the island’s imports moving from 7.8 per cent to 11.7 per cent.
The increase last year alone was steep. Imports from China jumped by US$181.8 million, or just over 26 per cent, from US$696.8 million in 2024.
But look beyond the clothes, shoes, furniture, and other finished goods for which China is well-known and a large part of the business is in machinery, equipment, industrial supplies, and building materials.
Continue reading here: China trade surge - Jamaica Observer
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