Refined Petroleum in Jamaica

EXPORTS (2018): $3.99M, World Rnk 140 / 198
Flag Rnk 27 / 447

TOP DESTINATION (2018): $2.78M, Guyana

FASTEST GROWING IN MARKET (2017 - 2018): $2.78M, Guyana

IMPORTS (2018): $813M, World Rnk 102 / 221
Flag Rnk 1 / 1014

TOP ORIGIN (2018): $806M, United States

FASTEST GROWING ORIGIN (2017 - 2018): $232M, United States

ECONOMIC COMPLEXITY of Jamaica (2018): -0.25, Rnk 79 / 137

PRODUCT COMPLEXITY  IN Refined Petroleum (2018): -0.97, Rnk 812 / 1018

Exports: In 2018, Jamaica exported $3.99M in Refined Petroleum, making it the 140th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 27th most exported product in Jamaica. The main destination of Refined Petroleum exports from Jamaica are: Guyana ($2.78M), Nicaragua ($1.2M), Canada ($10.6k), Pakistan ($2.25k), and Tanzania ($1.61k).

The fastest growing export markets for Refined Petroleum of Jamaica between 2017 and 2018 were Guyana ($2.78M), Nicaragua ($1.2M), and Canada ($7.91k).

Imports: In 2018, Jamaica imported $813M in Refined Petroleum, becoming the 102nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Jamaica. Jamaica imports Refined Petroleum primarily from: United States ($806M), El Salvador ($1.98M), Russia ($1.78M), Greece ($583k), and Mexico ($516k).

The fastest growing import markets in Refined Petroleum for Jamaica between 2017 and 2018 were United States ($232M), Greece ($509k), and Mexico ($469k).

Tariffs: In 2016, the average tariff for Jamaica in Refined Petroleum was 8.95%. The countries with the highest import tariffs for Refined Petroleum were Angola (8.95%), Burundi (8.95%), Benin (8.95%), Burkina Faso (8.95%), and Botswana (8.95%).

Value

EXPORTS (2018): $3.99M

IMPORTS (2018): $813M

NET TRADE (2018): -$809M

In 2018, Jamaica exported $3.99M in Refined Petroleum. The main destinations of Jamaica exports on Refined Petroleum were Guyana ($2.78M), Nicaragua ($1.2M), Canada ($10.6k), Pakistan ($2.25k), and Tanzania ($1.61k).

In 2018, Jamaica imported $813M in Refined Petroleum, mainly from United States ($806M), El Salvador ($1.98M), Russia ($1.78M), Greece ($583k), and Mexico ($516k).

IN 2018, Jamaica HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

  • Guyana, $2.78M ($2.78M - $0)
  • Nicaragua, $1.2M ($1.2M - $0)
  • Pakistan, $2.25k ($2.25k - $0)

IN 2018, Jamaica HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

  • United States, -$806M ($0 - $806M)
  • El Salvador, -$1.98M ($0 - $1.98M)
  • Russia, -$1.78M ($0 - $1.78M)
Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Jamaica WERE (2017 - 2018):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Jamaica WERE (2017 - 2018):

Market Concentration

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Flow
Type

In 2018, Jamaica's main exporting competitors in Refined Petroleum were:

In 2018, Jamaica's main importing competitors in Refined Petroleum were:

Trade Forecasts

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This section shows forecasts for total exports and imports, for Refined Petroleum in Jamaica. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

Explore Forecasts

Tariffs by Country

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In 2016, the average tariff for Jamaica in Refined Petroleum was 8.95%.

The countries with the highest tariffs for Refined Petroleum in Jamaica were Angola (8.95%), Burundi (8.95%), Benin (8.95%), Burkina Faso (8.95%), and Botswana (8.95%).

Explore Tariff Data