According to statistics from the Statistical Institute of Jamaica, the export revenue of Jamaica’s mining industry increased by 33.6% in the first quarter of 2024, reaching US$148.7 million. The increase was mainly due to a significant hike in alumina exports, which reached US$132.2 million, compared to US$89.2 million in the same period a year ago.
However, the growth in alumina exports was slightly offset by decreased bauxite exports. The export value of bauxite slid by 1.9% to US$15.3 million.
In spite of the decrease, Jamaica’s overall export revenue from the mining industry remained strong. This sector still plays an important role in Jamaica's economy.
Jamaica’s mining industry supported by alumina exports growth
12 Aug 2024 14:43 reported by Joy Liu
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