Jamaica’s export of aluminium scrap during 2019-21 denotes a sharp to marginal fall; 2% dip foreseen for 2022

The per capita GDP of Jamaica is $4747, although, the Caribbean island nation ranks as one of the poorest countries in the North American continent regardless of being considered an upper-middle-income nation by the World Bank. The industrial economy of Jamaica depends on tourism, bauxite/alumina production and export, food processing, light manufacturing, rum (alcohol), cement, metal, paper, chemical products, telecommunications, etc. but still, the economy remains unstable, slow and shrivels by high debt rates.

The aluminium scrap export of Jamaica during 2019-21 denoted 4588 tonnes in volume, which attracted $1.75 million from the export. The island nation exported 3621 tonnes of aluminium scrap, incurring a revenue inflow of around $827,297, whereas, in 2020, the export depicted a sharp fall of 86.16%, as the export volume dropped to 501 tonnes, counting revenue of $459,873.

In 2021, Jamaica recorded an aluminium scrap export of 466 tonnes, a further slip in export volume by 6.98% while the earnings rose to $465,563.

The bauxite mining nation, Jamaica’s export of aluminium scrap is analysed with de-growth by 2.36%, as the export volume is preceded to stand at 455 tonnes, on the revenue generation part it illustrates to jump at $533,074.

The major trading destinations for Jamaica’s export of aluminium scrap are South Korea, Thailand, USA, etc.