Flag Russia / Jamaica Flag

Exports Flag β†’ Flag  (2018): $1.87M, Rnk 162 / 187

Top Product Flag β†’ Flag (2018): $1.78M, Refined Petroleum

Exports Flag β†’ Flag (2018): $105M, Rnk 4 / 98

Top Product Flag β†’ Flag (2018): $105M, Aluminium Oxide

Economic Complexity of Flag (2018): ECI 0.6, Rnk 41 / 137

Economic Complexity of Flag (2018): ECI -0.25, Rnk 79 / 137

GDP Flag (2018): $1.66T, CURRENT US$
Rnk 11 / 196

GDP GROWTH Flag (2008-2018): -0.2%, CURRENT US$
Rnk 168 / 196

GDP Flag (2018): $15.7B, CURRENT US$
Rnk 121 / 196

GDP GROWTH Flag (2008-2018): 14.9%, CURRENT US$
Rnk 135 / 196

GDP PC Flag (2018): $11,289, CURRENT US$
Rnk 69 / 196

GDP PC GROWTH Flag (2008-2018): -2.98%, CURRENT US$
Rnk 157 / 196

GDP PC Flag (2018): $5,354, CURRENT US$
Rnk 107 / 196

GDP PC GROWTH Flag (2008-2018): 8.88%, CURRENT US$
Rnk 126 / 196

Russia-Jamaica: In 2018, Russia exported $1.87M to Jamaica. The main products exported from Russia to Jamaica were Refined Petroleum ($1.78M), Unglazed Ceramics ($44.4k), and Asphalt ($18.6k). During the last 22 years the exports of Russia to Jamaica have decreased at an annualized rate of 3.55%, from $4.13M in 1996 to $1.87M in 2018. In 2018, Russia exported services to Jamaica worth $200k, with Communications services ($100k) and Computer and information services ($100k) being the largest in terms of value.

Jamaica-Russia: In 2018, Jamaica exported $105M to Russia. The main products exported from Jamaica to Russia were Aluminium Oxide ($105M), Hard Liquor ($130k), and Coffee ($34.6k). During the last 22 years the exports of Jamaica to Russia have increased at an annualized rate of 5.72%, from $31M in 1996 to $105M in 2018.

Comparison: In 2018, Russia ranked 41 in the Economic Complexity Index (ECI 0.6), and 13 in total exports ($427B). That same year, Jamaica ranked 79 in the Economic Complexity Index (ECI -0.25), and 143 in total exports ($1.25B). In terms of GDP Per Capita, Russia was ranked 69 with a GDP Per Capita of $11,289, and Jamaica was ranked 107 with a GDP Per Capita of $5,354.

Bilateral Trade by Products

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Depth
Value

In 2018, Russia exported $1.87M to Jamaica. The main products exported from Russia to Jamaica were Refined Petroleum ($1.78M), Unglazed Ceramics ($44.4k), and Asphalt ($18.6k). During the last 22 years the exports of Russia to Jamaica have decreased at an annualized rate of 3.55%, from $4.13M in 1996 to $1.87M in 2018.

In 2018, Jamaica exported $105M to Russia. The main products exported from Jamaica to Russia were Aluminium Oxide ($105M), Hard Liquor ($130k), and Coffee ($34.6k). During the last 22 years the exports of Jamaica to Russia have increased at an annualized rate of 5.72%, from $31M in 1996 to $105M in 2018.

Market Competitiveness

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Measure

Russia
Top Destination
: China, $55.2B

Jamaica
Top Destination
: United States, $336M

This map shows whether countries import more from Russia or Jamaica. Each country is colored based on the difference in imports they receive from Russia and Jamaica or the difference in the growth in imports.

In 2018, countries that imported more from Russia than Jamaica were China ($55.2B), Netherlands ($41B), and Germany ($23.3B).

In 2018, countries that imported more from Jamaica than Russia were Iceland ($91.1M), Barbados ($12.4M), and Antigua and Barbuda ($8.99M).

Comparative Advantage Russia - Jamaica

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Depth

This chart compares trade between Russia and Jamaica by product, considering products traded by both, Russia and Jamaica.

During 2018, Russia had a large net trade with Jamaica in the exports of Mineral Products ($1.78M), Stone And Glass ($63.1k), and Miscellaneous ($8.26k).

During 2018, Jamaica had a large net trade with Russia in the exports of Chemical Products ($105M), Foodstuffs ($130k), and Vegetable Products ($34.6k).

Tariff Section

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This sections shows import tariffs for products traded between Russia and Jamaica (using the HS6 product classification and the last year reported).

In 2018, the products from Russia that paid the highest import tariffs to enter Jamaica were Undenatured ethyl alcohol > 80% by volume (100%) and Ethyl alcohol and other spirits, denatured (100%).

In 2016, the products from Jamaica that paid the highest import tariffs to enter Russia were Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, fresh or chilled (100%) and Meat and edible offal: of fowls of the species Gallus domesticus, not cut in pieces, frozen (100%).

Explore Tariff Data

*The tariffs present between Russia and Jamaica are:
136: Most Favoured Nation duty rate treatement
350: Russian Generalized System of Preference

Trade Forecasts

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This section shows a forecast for total trade between Russia and Jamaica. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

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In 2018, Russia exported services to Jamaica worth $200k, with Communications services ($100k) and Computer and information services ($100k) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Russia has comparative advantage over Jamaica. Similarly, the more red a dot/product is, the more Jamaica has comparative advantage over Russia.