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2023
Flag → Flag
Exports $101MRnk 79 / 137
2023
Flag → Flag
Top Product $101MRefined Petroleum
2023
Flag → Flag
Exports $138MRnk 2 / 150
2023
Flag → Flag
Top Product $138MAluminium Oxide
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 70 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
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GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 195
2023
Flag
 GDP$19.4BCURRENT US$
Rnk 124 / 195
2013-2023
Flag
GDP GROWTH36.2%CURRENT US$
Rnk 101 / 195
2023
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GDP PC $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
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GDP PC$6,840CURRENT US$
Rnk 105 / 196
2013-2023
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GDP PC GROWTH33.5%CURRENT US$
Rnk 72 / 195

About

Russia-Jamaica Trade: In 2023, Russia exported $101M to Jamaica. The main products that Russia exported to Jamaica were Refined Petroleum ($101M), Rolled Tobacco ($13.4k), and Other Measuring Instruments ($1.74k). Over the past 5 years the exports of Russia to Jamaica have increased at an annualized rate of 118%, from $2.02M in 2018 to $101M in 2023.

In 2020, Russia exported services to Jamaica worth $135k, with Transportation ($91k), Computer and information services ($20k), and Communications services ($19k) being the largest in terms of value.

Jamaica-Russia Trade: In 2023, Jamaica exported $138M to Russia. The main products that Jamaica exported to Russia were Aluminium Oxide ($138M) and Electricity ($82.3k). Over the past 5 years the exports of Jamaica to Russia have increased at an annualized rate of 7.27%,  from $97.2M in 2018 to $138M in 2023.

In 2023, Jamaica did not export any services to Russia.

Comparison: In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B). That same year, Jamaica ranked 70 in the Economic Complexity Index (ECI -0.14), and 147 in total exports ($1.89B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $133k and imported $130k from Jamaica, resulting in a positive trade balance of $2.56k. Between January 2021 and January 2022 the exports of Russia have increased by $114k (633%) from $18.1k to $133k, while imports decreased by $-10.3M (-98.8%) from $10.4M to $130k.

Trade In January 2022, the top exports of Russia to Jamaica were Unglazed Ceramics ($18.1k). In January 2022 the top imports of Russia from Jamaica were Aluminium Oxide ($10.4M) and Hard Liquor ($59.4k).

Origins In January 2022 the exports of Russia were mainly from VOLGOGRAD REGION ($133k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($130k).

Growth In January 2022, the increase in Russia's year-by-year exports to Jamaica was explained primarily by an increase in product exports in . In January 2022, the decrease in Russia's year-by-year imports  from Jamaica was explained primarily by an decrease in product imports  in Aluminium Oxide ($-9.03M or -46.6%) and Hard Liquor ($-19.2k or -24.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$114k(633%)
IMPORT GROWTH (January 2021 - January 2022)$-10.3M(-98.8%)
MAIN EXPORTER (January 2022)VOLGOGRAD REGION$133k

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Jamaica and Russia trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Jamaica and Russia Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $101M to Jamaica. The main products exported from Russia to Jamaica were Refined Petroleum ($101M), Rolled Tobacco ($13.4k), and Other Measuring Instruments ($1.74k). During the last 5 years the exports of Russia to Jamaica have increased at an annualized rate of 118%, from $2.02M in 2018 to $101M in 2023.

In 2018, Jamaica exported $138M to Russia. The main products exported from Jamaica to Russia were Aluminium Oxide ($138M) and Electricity ($82.3k). During the last 5 years the exports of Jamaica to Russia have increased at an annualized rate of 7.27%, from $97.2M in 2023 to $138M in 2018.

Exports from Russia (Flag) to Jamaica (Flag) (2023)

Exports from Jamaica (Flag) to Russia (Flag) (2023)

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Jamaica
Top DestinationUnited States$709M

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 2023, countries that imported more from Russia than Jamaica included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Jamaica than Russia included Iceland ($127M), Guyana ($80.7M), and Barbados ($46.1M).

Difference in imports from Jamaica (Flag) and Russia (Flag) (2023)

Comparative Advantage Russia - Jamaica

Flow
Scale

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

During 2023, Russia had a large net trade with Jamaica in the exports of Mineral Products ($101M), Foodstuffs ($13.7k), and Instruments ($1.9k).

During 2018, Jamaica had a large net trade with Russia in the exports of Chemical Products ($138M) and Mineral Products ($82.3k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Russia Jamaica+$13.7MRefined Petroleum
Top Product Potential Jamaica Russia+$70.6kElectricity

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Russia and Jamaica. This means that a dot/product with the flag of Russia indicates it has a comparative advantage over Jamaica. Similarly, a dot/product with the flag of Jamaica indicates it has a comparative advantage over Russia.

Product Space of Russia (Flag) and Jamaica (Flag) (2023)

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