SIBAt the top of the newscast we told you about the increase in the cost of living for the month of January. We now move over to the total amount of imports recorded for January 2018. SIB figures illustrate that imports saw a growth of 5.9 percent or close to $8 million, landing at a sum of $144.2 million in comparison to January 2017 which recorded only $136.2 million.

During this same period, several categories experienced a significant increase such as the ‘Mineral Fuels and Lubricants’ category which rose by 64 percent or $8.1 million, from $12.5 million to $20.6 million due to large quantities of imported fuel. The ‘Machinery and Transport Equipment’ category was up by almost one-fourth or $6.3 million to $32.4 million this year primarily attributed to higher spending on farming equipment. While the ‘Export Processing Zones’ doubled as opposed to last year, soaring from $1.8 million to $4.1 million.

On the contrary, the most notable decreases were observed in the following three categories… ‘Commercial Free Zones’, ‘Manufactured Goods’ as well as the ‘Oils and Fats’ category.

As for the ‘Commercial Free Zones’ division, it went down by $3.5 million, falling from $23.1 million last year to $19.6 million this year as a result of lower imported cigarettes, soups and other manufactured food items. ‘Manufactured Goods’ declined by $1.9 million going from $19.6 million to $17.7 million. And finally, the ‘Oils and Fats’ category reduced from $2.3 million to $1.2 million, due to less importation of cooking oil when compared to the year 2017.

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