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Jamaica Clothing Accessories Industry Outlook 2022 - 2026

See how Jamaica Clothing Accessories performed compared to key markets such as Thailand, the United States and Belgium.

Key Market Indicators

Jamaican Clothing Accessories Trade Balance recorded a sharp decrease of $45,230 in 2021, from $46,050 in 2020. Jamaican Clothing Accessories exports are set to reach nearly $6 billion by 2026, growing at an average annual rate of 4.2%. This growth rate is 13.6% higher than it was in 2018. Jamaica currently holds the 61st place in the global ranking of export countries, with Luxembourg at the top with $4.5 billion. The United States, Belgium and Malaysia were respectively in the 2nd, 3rd and 4th places. Meanwhile, imports of clothing accessories in Jamaica decreased by 60.4% in 2021 to reach $20.02 billion, from $50.52 billion in 2020. Since 1996, demand for these products has decreased by 32.1% year on year. The trade balance of clothing accessories in Jamaica decreased significantly in 2021 to $45.23 billion from $46.05 billion in 2020.

Jamaica Clothing Accessories Market Data and Forecasts

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